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Thread: The Ukraine Situation
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06-07-2025, 03:06 AM #551
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06-07-2025, 04:55 AM #552
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06-07-2025, 05:14 PM #553
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Speaking of Educating oneself
"By 2025, The Trump Organization is known to oversee more than 500 business entities, many of which operate under the Trump brand. These include subsidiaries in real estate development, property management, hospitality, golf courses, commercial leasing, and merchandising."
String of Bankruptcies ??? YOUR words
6, SIX, 1/2 Dozen !!!
Here read and learn
COMPLETE LIST OF PRESIDENT TRUMP’S 6 BUSINESS BANKRUPTCIES:
1. Trump's Taj Mahal Bankruptcy in 1991 was the first of his Chapter 11 filings. The Taj Mahal (which is now The Hard Rock Hotel and Casino ) is located in Atlantic City and cost Trump $675 million in junk bonds at a 14% interest rate for the finalization of construction. Within a year, the casino owed 3 billion and Trump personally was liable for $900 million, forcing him to negotiate a deal with his lenders in order to keep the business alive. To lower his own interest rate and receive more time to repay his loans Trump sold his 220-foot yacht and his Trump Shuttle Airline and agreed to a bank-set limit on his spending. As for the company’s debt, Trump surrendered 50% his ownership and equity in the casino to the bondholders in exchange for lower interest rates and more time.
2. Trump Plaza in 1992 was another casino-hotel owned by Donald Trump. This casino was also located in Atlantic City and begun struggling to keep its business after the opening of the Taj Mahal. It was $550 million in debt. The bankruptcy terms were negotiated by Trump in 1992 by “debt restructuring” with the creditors of the plaza where $250 million of the debt was exchanged with $200 million of bonds to get a lower interest rate with an additional $100 million of preferred stocks. Trump also lost 50% ownership.
3. Trump Castle in 1992 was the third casino-hotel owned by Trump and going bankrupt in the same year as Trump Plaza. All three casinos in Atlantic City were competing against each other and all going bankrupt. A deal was struck with the bondholders giving them 50% of ownership in exchange for reduced interest rates and elimination of $25 million of the debt. The total debt before the deal for the Castle was $338 million. The Trump Castle is now known as the Golden Nugget.
4. Trump Plaza Hotel in Manhattan overlooking Central Park was the third Chapter 11 bankruptcy filed by Trump in the year 1992. This renowned New York hotel was $550 million in debt when Trump attempted to sell off several parts of it as condominiums but was unsuccessful. Instead, the banks took over 49% of the estate and forgave $250 million of the debt along with a reduced interest rate.
5. Trump Hotels and Casinos Resorts was an entity that Donald Trump had combined the Taj Mahal, Trump Plaza, and Trump Castle under in 1995. However in 2004, the company once again filed for bankruptcy as it was $1.8 billion in debt. Trump’s ownership of the company and casinos was reduced from 47% to 27%.
6. Trump Entertainment Resorts (TER) was what became of the Trump Hotels and Casinos Resorts after the 2004 bankruptcy. TER went bankrupt as well in 2009 after being in debt $1.2 billion. After arguments over restructuring, Trump again lost ownership down to 10% and resigned as chairman of the board. Later he sued TER stating that the company was no longer representing his name at the highest level as he would have. This lawsuit became the last straw and caused TER to go bankrupt again and close its doors for good.
Overall, the Trump Organization is involved with 515 subsidiaries and entities, of which 264 of them have Trumps name, and 54 have his initials. Of these businesses, the above-listed 6 have filed for bankruptcy, all under Chapter 11 “reorganization.”
Soooooo How dumb do you feel now confronted with the FACTS ???
I mean you just don't care what you spread do you ??
This is TDS and you have it bad
PS: That is about 1% in case the math is hard,
PPS: I suggest you do a simple search on Mark Cuban and count his failures over the years too, but you don't care, because ??? TDSLast edited by gssixgun; 06-07-2025 at 05:26 PM.
"No amount of money spent on a Stone can ever replace the value of the time it takes learning to use it properly"
Very Respectfully - Glen
Proprietor - GemStar Custom Razors Honing/Restores/Regrinds Website
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The Following User Says Thank You to gssixgun For This Useful Post:
sharptonn (06-07-2025)
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06-07-2025, 09:33 PM #554
I've known all this for a long time but just hadn't dona all the work to dig all that up. You certainly won't hear that from the "fake news."
Thanks for doing that Glen.
Edit: It should also be stated...emphasized rather that these bancruptcies were done within the law; the same laws available to you and me.Last edited by PaulFLUS; 06-07-2025 at 10:05 PM.
Iron by iron is sharpened, And a man sharpens the face of his friend. PR 27:17
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06-08-2025, 02:13 AM #555
Trump inherited his wealth and most of his fortune was made on his TV show. Most of his "companies" are not his at all. They are ventures where he has licensed his name for others to use and he picks up the fees. He has a history of continually stiffing folks and using the law as a weapon to enrich himself. He's also a big time tax evader. He has had over 4000 legal actions filed against him. He has been convicted of financial fraud and is great at conning others to take the fall for him. Also the phony charities he has created that never paid a dime except to himself. Then there's the antics with the foreign banks since no one in the U.S will lend him money. The list goes on.
If you consider a big time crook and con artist to be a great businessman then I guess he's a great businessman. I think if you spoke to a real business man and rich guy like Warren Buffet about Trump you would get an education. Just talk to someone who's seen the light like your man Elon Musk-har har har.No matter how many men you kill you can't kill your successor-Emperor Nero
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06-08-2025, 08:55 AM #556
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Very Respectfully - Glen
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06-08-2025, 08:57 AM #557
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Thanked: 13252"No amount of money spent on a Stone can ever replace the value of the time it takes learning to use it properly"
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06-08-2025, 11:14 AM #558
Those are great ambitions and it would be fantastic to elect a president who could play a major part their achievement. Whether President Trump will actually make good on his promises remains to be seen.
Maybe we shouldn't forget that it is the 'United' States of America. President Trump might eventually be regarded as the most divisive president in US history.'Living the dream, one nightmare at a time'
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06-08-2025, 02:14 PM #559
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06-08-2025, 08:32 PM #560
It's really sad and more than a little concerning that they keep holding on to the same tired playbill instead of LOOKING AT THE RECORD. Typical blue pill thinking we've come to expect on the right.
Based on what? Just more examples of the irrational hatred that is rotting the left's minds.Iron by iron is sharpened, And a man sharpens the face of his friend. PR 27:17