What a Loser - 2

Ishmael

52,348
12,187
Fuctifino
In the future of every Eastern European lurks the body and soul of a babushka.  
Babushka

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Baba

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Navig8tor

Super Anarchist
7,519
1,967
He was a brilliant conman. He's only able to con stupid people now
Unfortunately there appears to be a surplus in the USA.

Probably the result of “there’s a sucker born every minute era“ and they all had kids.

 

Left Shift

Super Anarchist
10,532
3,271
Seattle
He got the banks money 
In NYC, he was always considered a boorish outsider who had obscurely sourced money, a history of scams and a spiel.  But NY is a big city and there is always a spot where a self-promoter can make a mark.   

Outside of NY, he was treated as a New Yorker by people who didn't know the real thing or his history and expected a brash bully.  They got one.  Now his foreign investments are only successful in countries led by people like Erdogan and Duarte.  

By 2000, the entire US financial world was done with him, he was broke but still self-promoting always.  He was rescued by the TV celebrity thing, just a fat, ever more boorish Kardashian.  And rescued by one greedy banker, the head of private banking at Deutsche Bank in Germany, a bank that has a litany of shady or outright illegal dealings in its portfolio.  But even Deutsche Bank is done with him.  

What bank money he does have, he will not have much longer.  $400,000,000 with a hard repayment date of 2022.  Many people are saying he doesn't have it.

 

Sean

Super Anarchist
15,396
2,546
Sag Harbor, NY
Derek Thompson: “Starting about 10 years ago, the so-called King of Debt tried something new: spending his own money. He spent up to $400 million buying golf courses, hotels, and wineries. He also took on $400 million in personally guaranteed loans, exposing him to personal bankruptcy in the (very common!) event that he can’t pay back the loans in full.”

“These decisions are unusual for private real-estate companies, which typically take advantage of debt through the tax code and funnel their largest investments through partnerships that protect individual investors from personal bankruptcy. What’s more, it’s not clear how Trump suddenly came up with all of that cash.”

“It gets even weirder. All those golf properties look like horrendous businesses, having declared losses of more than $315 million since 2000, according to Trump’s tax records. In short, Trump is pouring a mysteriously large amount of money into opaque businesses suffering mysteriously high losses.”

 

Ishmael

52,348
12,187
Fuctifino
Derek Thompson: “Starting about 10 years ago, the so-called King of Debt tried something new: spending his own money. He spent up to $400 million buying golf courses, hotels, and wineries. He also took on $400 million in personally guaranteed loans, exposing him to personal bankruptcy in the (very common!) event that he can’t pay back the loans in full.”

“These decisions are unusual for private real-estate companies, which typically take advantage of debt through the tax code and funnel their largest investments through partnerships that protect individual investors from personal bankruptcy. What’s more, it’s not clear how Trump suddenly came up with all of that cash.”

“It gets even weirder. All those golf properties look like horrendous businesses, having declared losses of more than $315 million since 2000, according to Trump’s tax records. In short, Trump is pouring a mysteriously large amount of money into opaque businesses suffering mysteriously high losses.”
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Raz'r

Super Anarchist
62,250
5,469
De Nile
Derek Thompson: “Starting about 10 years ago, the so-called King of Debt tried something new: spending his own money. He spent up to $400 million buying golf courses, hotels, and wineries. He also took on $400 million in personally guaranteed loans, exposing him to personal bankruptcy in the (very common!) event that he can’t pay back the loans in full.”

“These decisions are unusual for private real-estate companies, which typically take advantage of debt through the tax code and funnel their largest investments through partnerships that protect individual investors from personal bankruptcy. What’s more, it’s not clear how Trump suddenly came up with all of that cash.”

“It gets even weirder. All those golf properties look like horrendous businesses, having declared losses of more than $315 million since 2000, according to Trump’s tax records. In short, Trump is pouring a mysteriously large amount of money into opaque businesses suffering mysteriously high losses.”
Maybe he is Marty from the Ozarks?

 




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