Donald Trump

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tripleD

tripleD

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rkymtnman said:
really? so you went to private schools? you use your own fire and police dept? you don't contribute to social security in each paycheck (assuming you have a job?)
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I'm 46 yrs old & I've bn semi retired since I was 38yrs old because instead of sitting around on my dead ass looking for a gov't handout I went out into the world & I made some smart business decisions!
Thanks for asking!!
 
pnwmystery

pnwmystery

Well-Known Member
tripleD said:
Here is the truth, & it comes from that same article...Early in his campaign, Sanders drew alarm when he said in an interview with CNBC that he doesn’t think a top marginal tax rate of 90 percent is too high.
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Okay, this is hilarious that you're calling me dumb when you prove my point right there: Sanders never advocated a 90% tax rate for everyone. He said he did not think that a top marginal tax rate of 90% is too high like it was under Eisenhower for the top earners. Thank you for proving my original statement.
 
rkymtnman

rkymtnman

Well-Known Member
tripleD said:
I'm 46 yrs old & I've bn semi retired since I was 38yrs old because instead of sitting around on my dead ass looking for a gov't handout I went out into the world & I made some smart business decisions!
Thanks for asking!!
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thanks for not answering any of mine. typical socialist....
 
nitro harley

nitro harley

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doublejj said:
filing bankruptcy is stiffing your partners....& Trump has stiffed his partners 4 times.....
If you were sell weed to a guy & he stiffed you 4 times, would you sell him a 5th?...
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Doublejj, Getting fucked four times with even a thought of a fifth is a little over the top. Do you know about Trumps bankruptcies ? I haven't looked into it but were they chapter 7 or chapter 11? Sometimes people do get paid and a lot of times creditors get some of there money back or all of it and the company dissolves.

I invested in a bankrupt stock that gave me over 1000% returns when I sold one time. So I will look and see if I can find some details of Trumps corporate bankruptcy's.
 
pnwmystery

pnwmystery

Well-Known Member
nitro harley said:
Doublejj, Getting fucked four times with even a thought of a fifth is a little over the top. Do you know about Trumps bankruptcies ? I haven't looked into it but were they chapter 7 or chapter 11? Sometimes people do get paid and a lot of times creditors get some of there money back or all of it and the company dissolves.

I invested in a bankrupt stock that gave me over 1000% returns when I sold one time. So I will look and see if I can find some details of Trumps corporate bankruptcy's.
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I'll be fair here: It's Chapter 11, restructuring a business. A lot of people like to spin it that "it's a smart business decision," which IS partly true. It's a smart business decision at the time. However, what they often ignore is all the things that lead up to filing a Chapter 11 which usually isn't great business.
 
nitro harley

nitro harley

Well-Known Member
doublejj said:
filing bankruptcy is stiffing your partners....& Trump has stiffed his partners 4 times.....
If you were sell weed to a guy & he stiffed you 4 times, would you sell him a 5th?...
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Doublejj, I found Trumps info on his corporate bankruptcy's and all of them were chapter 11. You know what that means I am pretty sure.

Trump’s four bankruptcies were Chapter 11 reorganizations (named for its location in federal bankruptcy code), which are designed to restructure businesses without shutting them down completely. The purpose is to "save" the business, as opposed to other forms of bankruptcy which would liquidate the company, said Michael Venditto, a partner at the ReedSmith law firm who has extensive experience with Chapter 11.

Because they keep coming up, we decided to outline Trump’s four bankruptcies. We also talked to some finance experts, who told us Trump is correct that Chapter 11 reorganization is not always the result of bad business decisions.

Bankruptcy 1: The Trump Taj Mahal, 1991

The first bankruptcy associated with Trump was perhaps the most significant in terms of his personal finances, according to news reports at the time. He funded the construction of the $1 billion Trump Taj Mahal casino in Atlantic City, which opened in 1990. By 1991, the casino was nearly $3 billion in debt, while Trump had racked up nearly $900 million in personal liabilities, so the business decided to file for Chapter 11 reorganization, according to the New York Times. As a result, Trump gave up half his personal stake in the casino and sold his yacht and airline, according to the Washington Post.

Bankruptcy 2: Trump Plaza Hotel, 1992

Trump acquired the Plaza Hotel in New York for $390 million in 1988. By 1992, the hotel had accumulated $550 million in debt. As a result of the bankruptcy, in exchange for easier terms on which to pay off the debts, Trump relinquished a 49 percent stake in the Plaza to a total of six lenders, according to ABC News. Trump remained the hotel’s CEO, but it was merely a gesture -- he didn’t earn a salary and had no say in the hotel’s day-to-day operations, according to theNew York Times.

Bankruptcy 3: Trump Hotels and Casinos Resorts, 2004

Trump Hotels and Casinos Resorts filed for bankruptcy again in 2004 when his casinos -- including the Trump Taj Mahal, Trump Marina and Trump Plaza casinos in Atlantic City and a riverboat casino in Indiana -- had accrued an estimated $1.8 billion in debt, according to the Associated Press. Trump agreed to reduce his share in the company from 47 to 27 percent in a restructuring plan, but he was still the company’s largest single shareholder and remained in charge of its operations. Trump told the Associated Press at the time that the company represented less than 1 percent of his net worth.

Bankruptcy 4: Trump Entertainment Resorts, 2009

Trump Entertainment Resorts -- formerly Trump Hotels and Casinos Resorts -- was hit hard by the 2008 economic recession and missed a $53.1 million bond interest payment in December 2008, according to ABC News. After debating with the company’s board of directors, Trump resigned as the company’s chairman and had his corporate stake in the company reduced to 10 percent. The company continued to use Trump’s name in licensing.

So four Trump companies filed for Chapter 11 reorganization. Is that as big a deal as Fiorina says?
 
tripleD

tripleD

Well-Known Member
nitro harley said:
Doublejj, I found Trumps info on his corporate bankruptcy's and all of them were chapter 11. You know what that means I am pretty sure.

Trump’s four bankruptcies were Chapter 11 reorganizations (named for its location in federal bankruptcy code), which are designed to restructure businesses without shutting them down completely. The purpose is to "save" the business, as opposed to other forms of bankruptcy which would liquidate the company, said Michael Venditto, a partner at the ReedSmith law firm who has extensive experience with Chapter 11.

Because they keep coming up, we decided to outline Trump’s four bankruptcies. We also talked to some finance experts, who told us Trump is correct that Chapter 11 reorganization is not always the result of bad business decisions.

Bankruptcy 1: The Trump Taj Mahal, 1991

The first bankruptcy associated with Trump was perhaps the most significant in terms of his personal finances, according to news reports at the time. He funded the construction of the $1 billion Trump Taj Mahal casino in Atlantic City, which opened in 1990. By 1991, the casino was nearly $3 billion in debt, while Trump had racked up nearly $900 million in personal liabilities, so the business decided to file for Chapter 11 reorganization, according to the New York Times. As a result, Trump gave up half his personal stake in the casino and sold his yacht and airline, according to the Washington Post.

Bankruptcy 2: Trump Plaza Hotel, 1992

Trump acquired the Plaza Hotel in New York for $390 million in 1988. By 1992, the hotel had accumulated $550 million in debt. As a result of the bankruptcy, in exchange for easier terms on which to pay off the debts, Trump relinquished a 49 percent stake in the Plaza to a total of six lenders, according to ABC News. Trump remained the hotel’s CEO, but it was merely a gesture -- he didn’t earn a salary and had no say in the hotel’s day-to-day operations, according to theNew York Times.

Bankruptcy 3: Trump Hotels and Casinos Resorts, 2004

Trump Hotels and Casinos Resorts filed for bankruptcy again in 2004 when his casinos -- including the Trump Taj Mahal, Trump Marina and Trump Plaza casinos in Atlantic City and a riverboat casino in Indiana -- had accrued an estimated $1.8 billion in debt, according to the Associated Press. Trump agreed to reduce his share in the company from 47 to 27 percent in a restructuring plan, but he was still the company’s largest single shareholder and remained in charge of its operations. Trump told the Associated Press at the time that the company represented less than 1 percent of his net worth.

Bankruptcy 4: Trump Entertainment Resorts, 2009

Trump Entertainment Resorts -- formerly Trump Hotels and Casinos Resorts -- was hit hard by the 2008 economic recession and missed a $53.1 million bond interest payment in December 2008, according to ABC News. After debating with the company’s board of directors, Trump resigned as the company’s chairman and had his corporate stake in the company reduced to 10 percent. The company continued to use Trump’s name in licensing.

So four Trump companies filed for Chapter 11 reorganization. Is that as big a deal as Fiorina says?
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Thanks for taking the time to post this, unfortunately I doubt that these guys will actually read & understand any of it...

Trying to reason with some these folks is like trying to reason w someone who just keeps trying to defend inferior pos lights from China!
They refuse to listen to reason
 
tripleD

tripleD

Well-Known Member
rkymtnman said:
thanks for not answering any of mine. typical socialist....
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You clearly have no idea whatsoever of what a typical socialist is... Go ask your boy Bernie!!

I answered the only question that made any sense... The rest of your questions were just silly dribble
 
rkymtnman

rkymtnman

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tripleD said:
You clearly have no idea whatsoever of what a typical socialist is... Go ask your boy Bernie!!

I answered the only question that made any sense... The rest of your questions were just silly dribble
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so you went to public school, you pay taxes for fire and police and you do contribute to SS. let me guess: you cashed both stimulus checks too from W and Obama.

are you sure YOU know what a socialist is? i think not
 
tripleD

tripleD

Well-Known Member
pnwmystery said:
Okay, this is hilarious that you're calling me dumb when you prove my point right there: Sanders never advocated a 90% tax rate for everyone. He said he did not think that a top marginal tax rate of 90% is too high like it was under Eisenhower for the top earners. Thank you for proving my original statement.
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Holy f'n batman!! How many times am I going to have to explain this?????

Bernie is a Socialist, he wants everyone who has worked hard & achieved success to give the gov't the vast majority of there hard earned money so the gov't can redistribute it as they see fit i.e. More cancerous welfare programs....
And you pulled a fluff piece article out of your ass to refute this when the article actually confirms it!

Good day sir!
I said good day
 
pnwmystery

pnwmystery

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tripleD said:
Holy f'n batman!! How many times am I going to have to explain this?????

Bernie is a Socialist, he wants everyone who has worked hard & achieved success to give the gov't the vast majority of there hard earned money so the gov't can redistribute it as they see fit i.e. More cancerous welfare programs....
And you pulled a fluff piece article out of your ass to refute this when the article actually confirms it!

Good day sir!
I said good day
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He's a Social Democrat, which is not the same thing as a Socialist. Go get an education, unless you're saying Eisenhower was a socialist, as well as Truman, FDR, Nixon, LBJ, and JFK, and Reagan in his early years.
 
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