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Unregistered Posted 7/7/2015 10:56 pm
Not to defend the fuckhead, but Donald Trump, personally, did not file for bankruptcy. However, his business ventures did. Unregistered Posted 7/7/2015 10:57 pm
1991, Trump’s Taj Mahal in Atlantic City
This is the one where The Donald’s fortune was actually in any danger. After financing much of the construction of the casino with junk bonds, the luxe facility was in debt, and so was he. (Exactly how much is up for debate; the Times pegged his personal liabilities at $900 million.) In order to escape potential doom, Trump’s corporation filed for Chapter 11 bankruptcy, which allowed him to reorganize the debt while the casino remained open. The real-estate tycoon ended up taking a substantial hit this time, as he was forced to relinquish half his stake in the casino and sell his yacht and airline to pay back loans. 1992, Trump Plaza Hotel in Atlantic City In his second swing at bankruptcy, Trump was able to insulate himself from any real harm, for the most part. This time it was the Trump Plaza Hotel that was hemorrhaging cash, having lost over $550 million. Ever the negotiator, the entrepreneur agreed to give up a 49 percent stake in the hotel to Citibank and other lenders, according to ABC News. In exchange, he received more favorable repayment terms on the debt. The celebrity developer also managed to hold onto his C.E.O. title, even though it meant giving up his salary and any role in the day-to-day operation of the hotel. 2004, Trump Hotels and Casinos Resorts Just over a decade later, a Trump corporation was filing for Chapter 11 yet again. With the company nearly $1.8 billion dollars in debt, the businessman was back to making deals, this time agreeing to reduce his stake in the company to about 25 percent in exchange for lower interest rates and a new loan, the Associated Press reported at the time. The move meant that Trump surrendered much of his control in the company, but considering what had been going on under his watch, that was probably a good thing. (Time magazine claims Trump was also forced to pump $72 million of his own money into the company to keep it going.) 2009, Trump Entertainment Resorts In his most recent dalliance with bankruptcy, Trump’s company declared Chapter 11 after missing a $53.1 million bond interest payment. Trump and the rest of the board of directors could not reach an agreement over whether or not to file for bankruptcy, resulting in his resignation as head of the board, Reuters reported at the time. The move also saw his stake in the company reduced even further on what Trump called a now “worthless” investment that he assured was less than a percent of his net worth. Unregistered Posted 7/7/2015 11:01 pm
His personal wealth was at stake in the 90's. He avoided personal bankruptcy by restructuring his personal debt, aka filing for corporate bankruptcy. The point is the guy has been through a lot worse than a few media networks ignoring him and he still does the same shit over and over. He's worth billions and he's learned how to not lose his personal assets no matter how shitty his businesses are doing. Agent Provocateur Posted 7/7/2015 11:01 pm
His tower here in Toronto has been a clusterfuck for years.
http://www.thestar.com/business/real_estate/2015/06/24/trump-hotel-investors-head-to-court.html Unregistered Posted 7/7/2015 11:18 pm
Trump said what need to said. The liberal media thinks that they run things. Only for the fag loving liberals they do! Every Republican that spoke out against Trump has already surrendered to the liberal media, like Jeb Bush a RINO!
Agent Provocateur Posted 7/7/2015 11:20 pm
Oh so there's not a left wing media bias? Okay, good to know. Kindly stfu up about that now. Unregistered Posted 7/7/2015 11:33 pm
No I wont shut up you fucking liberal piece of shit! You liberals think everything has to be politically correct. According to who, a fucking liberal. People are tired of you fucks world wide. Agent Provocateur Posted 7/7/2015 11:34 pm
Lara Logan. Carbon reparations now! Posted 7/7/2015 11:36 pm
:snicker: Unregistered Posted 7/7/2015 11:43 pm
It's the Republicans who want Trump to shut up. Unregistered Posted 7/7/2015 11:48 pm
That's right fuck being politically correct. It makes you cower down to liberal ideals. It's time to expose the liberals for what they are. Just like the girl that got Killed in SF liberal ideals. Unregistered Posted 7/7/2015 11:51 pm
Why should I vote for a "real businessman" who is a serial failure?
Unregistered Posted 7/7/2015 11:51 pm
Trump doesn't stand a chance at winning, but at least he is saying what needs to be said. :lol:
Unregistered Posted 7/7/2015 11:52 pm
Seems like the bitter angry libs that are Mexican deniers think they can hurt him. Meanwhile he flies on his private jet, private helicopter and upgrades to a new hot wife every few years.
:mittens: Who is the loser here? Unregistered Posted 7/7/2015 11:58 pm
Anybody who votes for him. Unregistered Posted 7/7/2015 11:59 pm
He could've suggested closing the border without all thr ad lib. I guess he really didn't want to win or is he that stupid :shrug:
Unregistered Posted 7/8/2015 12:02 am
80% of illegal women coming across border are gettin raped? are you fucking shitting me??
you're not shocked by the release of this information, you are pissed about Trump's disgusted reaction to it? shoot yourself, better yet let Trump shoot you. YOu have no place in this universe, you don't have the right that an amoeba has to exist. |