Trump loses in NY
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The twat's spent his life boasting about how rich he is. Now he's going to claim poverty?
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Thankfully he knows more than anyone about getting a loan.
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@Mik said in Trump loses in NY:
Rich and liquid are two very different things.
He can sell assets as quickly as he wants, if he has them to sell.
He has such a good record of success too, I think only 6 bankruptcies.
Trump Airlines — Trump borrowed $245 million to purchase Eastern Air Shuttle. He branded it Trump Airlines. He added gold bathroom fixtures. Two years later Trump could not cover the interest payment on his loan and defaulted.
Trump Beverages — Although Trump touted his water as "one of the purest natural spring waters bottled in the world," it was simply bottled by a third party. Other beverages, including Trump Fire and Trump Power, seem not to have made it to market. And Trump's American Pale Ale died with a trademark withdrawal.
Trump Game — Milton Bradley tried to sell it. As did Hasbro. After investment, the game died and went out of circulation.Trump Casinos — Trump filed for bankruptcy three times on his casinos, namely the Trump Taj Mahal, the Trump Marina and the Trump Plaza in New Jersey and the Trump Casino in Indiana. Trump avoided debt obligations of $3 billion the first time. Then $1.8 billion the second time. And then after reorganizing, shuffling money and assets, and waiting four years, Trump again declared bankruptcy after missing ongoing interest payments on multi-million dollar bonds. He was finally forced to step down as chairman.
Trump Magazine — Trump Style and Trump World were renamed Trump Magazine to reap advertising dollars from his name recognition. However, Trump Magazine also went out of business.
Trump Mortgage — Trump told CNBC in 2006 that "I think it's a great time to start a mortgage company. … The real-estate market is going to be very strong for a long time to come." Then the real estate market collapsed. Trump had hired E.J. Ridings as CEO of Trump Mortgage and boasted that Ridings had been a "top executive of one of Wall Street's most prestigious investment banks." Turned out Ridings had only six months of experience as a stockbroker. Trump Mortgage closed and never paid a $298,274 judgment it owed a former employee, nor the $3,555 it owed in unpaid taxes.
Trump Steaks — Trump closed Trump Steaks due to a lack of sales while owing Buckhead Beef $715,000.
Trump's Travel Site — GoTrump.com was in business for one year. Failed.
Trumpnet — A telephone communication company that abandoned its trademark.
Trump Tower Tampa — Trump sold his name to the developers and received $2 million. Then the project went belly-up with only $3,500 left in the company. Condo buyers sued Trump for allegedly misleading them. Trump settled and paid as little as $11,115 to buyers who had lost hundreds of thousands of dollars.
Trump University or the Trump Entrepreneur Initiative — Trump staged wealth-building seminars costing up to $34,995 for mentorships that would offer students access to Trump's secrets of success. Instructors turned out to be motivational speakers sometimes with criminal records. Lawsuits and criminal investigations abound.Trump Vodka — Business failed due to a lack of sales.
Trump Fragrances — Success by Trump, Empire by Trump, and Donald Trump: The Fragrances all failed due to being discontinued, perhaps as a result of few sales.
Trump Mattress — Serta stopped offering a Trump-branded mattress, again likely due to slacking sales.
Truth Social — This existing Trump business owes big money, and may well be breathing its last.
And this doesn't count that he lose the popular vote in the election twice, lost the election once, saw 3 losing elections for Republicans in congress, was impeached twice, currently on what... 4 criminal (or civil?) charges, including this latest for fraud that makes him pay back the ill-gotten gains from inflated loan collateral/worth numbers... oh he also has bragged about assaulting women, making fun of a special needs person, but I guess is "such a good christian" (who couldn't name any favorite verses).
What a con man. Still selling the con.
But maybe his Trump shoes will be a winner?
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@Mik said in Trump loses in NY:
Rich and liquid are two very different things.
He can sell assets as quickly as he wants, if he has them to sell.
He has such a good record of success too, I think only 6 bankruptcies.
Trump Airlines — Trump borrowed $245 million to purchase Eastern Air Shuttle. He branded it Trump Airlines. He added gold bathroom fixtures. Two years later Trump could not cover the interest payment on his loan and defaulted.
Trump Beverages — Although Trump touted his water as "one of the purest natural spring waters bottled in the world," it was simply bottled by a third party. Other beverages, including Trump Fire and Trump Power, seem not to have made it to market. And Trump's American Pale Ale died with a trademark withdrawal.
Trump Game — Milton Bradley tried to sell it. As did Hasbro. After investment, the game died and went out of circulation.Trump Casinos — Trump filed for bankruptcy three times on his casinos, namely the Trump Taj Mahal, the Trump Marina and the Trump Plaza in New Jersey and the Trump Casino in Indiana. Trump avoided debt obligations of $3 billion the first time. Then $1.8 billion the second time. And then after reorganizing, shuffling money and assets, and waiting four years, Trump again declared bankruptcy after missing ongoing interest payments on multi-million dollar bonds. He was finally forced to step down as chairman.
Trump Magazine — Trump Style and Trump World were renamed Trump Magazine to reap advertising dollars from his name recognition. However, Trump Magazine also went out of business.
Trump Mortgage — Trump told CNBC in 2006 that "I think it's a great time to start a mortgage company. … The real-estate market is going to be very strong for a long time to come." Then the real estate market collapsed. Trump had hired E.J. Ridings as CEO of Trump Mortgage and boasted that Ridings had been a "top executive of one of Wall Street's most prestigious investment banks." Turned out Ridings had only six months of experience as a stockbroker. Trump Mortgage closed and never paid a $298,274 judgment it owed a former employee, nor the $3,555 it owed in unpaid taxes.
Trump Steaks — Trump closed Trump Steaks due to a lack of sales while owing Buckhead Beef $715,000.
Trump's Travel Site — GoTrump.com was in business for one year. Failed.
Trumpnet — A telephone communication company that abandoned its trademark.
Trump Tower Tampa — Trump sold his name to the developers and received $2 million. Then the project went belly-up with only $3,500 left in the company. Condo buyers sued Trump for allegedly misleading them. Trump settled and paid as little as $11,115 to buyers who had lost hundreds of thousands of dollars.
Trump University or the Trump Entrepreneur Initiative — Trump staged wealth-building seminars costing up to $34,995 for mentorships that would offer students access to Trump's secrets of success. Instructors turned out to be motivational speakers sometimes with criminal records. Lawsuits and criminal investigations abound.Trump Vodka — Business failed due to a lack of sales.
Trump Fragrances — Success by Trump, Empire by Trump, and Donald Trump: The Fragrances all failed due to being discontinued, perhaps as a result of few sales.
Trump Mattress — Serta stopped offering a Trump-branded mattress, again likely due to slacking sales.
Truth Social — This existing Trump business owes big money, and may well be breathing its last.
And this doesn't count that he lose the popular vote in the election twice, lost the election once, saw 3 losing elections for Republicans in congress, was impeached twice, currently on what... 4 criminal (or civil?) charges, including this latest for fraud that makes him pay back the ill-gotten gains from inflated loan collateral/worth numbers... oh he also has bragged about assaulting women, making fun of a special needs person, but I guess is "such a good christian" (who couldn't name any favorite verses).
What a con man. Still selling the con.
But maybe his Trump shoes will be a winner?
@89th Not sure whether to laugh or cry.
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He's a smart man. He knows how to sell, and he knows his audience. That often involves the creation of his own reality and then using his name brand and communication dominance to convince others. He has done that with his various brands, real estate, and casinos, the loan terms along the way, the stated value of his assets, his election and win, his reason for losing the next election, and knows when to hold up a bible. He's had remarkably the same script since the 80s.
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He's a smart man. He knows how to sell, and he knows his audience. That often involves the creation of his own reality and then using his name brand and communication dominance to convince others. He has done that with his various brands, real estate, and casinos, the loan terms along the way, the stated value of his assets, his election and win, his reason for losing the next election, and knows when to hold up a bible. He's had remarkably the same script since the 80s.
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VDH comments:
"Excessive bail shall not be required, nor excessive fines imposed, nor cruel and unusual punishments inflicted."
Mark Levin (I know, I know)
More:
More from SCOTUS:
"For good reason, the protection against excessive fines has been a constant shield throughout Anglo-American history: Exorbitant tolls undermine other constitutional liberties. Excessive fines can be used, for example, to retaliate against or chill the speech of political enemies, as the Stuarts’ critics learned several centuries ago."
-Justice Ginsburg
Now, tell me again about DA James' platform when she was running. She said it, "I'm out to get Trump."
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Here's where I can't connect the dots.
Judge: "This was a venial transgression. No one was harmed. But, you're an asshole, so cough up a third of a billion - plus interest at $90K a day."
"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
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Would it be any different for a corporation vs. a person?
