trump the con man can't quit doing it

[Guest]

"Even before Donald Trump won the Republican presidential primary on a shoestring budget, the billionaire has been an innovator when it comes to his finances. The real-estate mogul, who has declared bankruptcy four times, has a long history of refusing to pay contractors, lawyers, and employees who work for him if he finds their work unsatisfactory. So it is perhaps unsurprising that several members of Trump’s neglected policy shop in Washington, D.C., quit last month when they found themselves the latest victims of the candidate’s unorthodox budgetary discipline.
Most of the people working at the campaign’s Beltway outpost walked out the door in August when the paychecks they say they were promised never arrived, according to a new report by The Washington Post. “It’s a complete disaster,” one former adviser told the Post. “They use and abuse people. The policy office fell apart in August when the promised checks weren’t delivered.”

[Guest]

BS

never filed bankruptcy.

All the talk about unpaid contractors well there were 60, out of thousands that were paid.

Do you think maybe they did crappy work?

Doing it on a shoestring budget just shows his biz ability to manage money beat 16 opponents who out spent him a zillion to one and went home with their tail between their collective legs.

He did spend 55 Million out of pocket in the primaries.

So he owes no favors to anyone.


notice all that paycheck news doesn't exist in the media anymore?


Now if you want to talk about CONS

let's talk about the 2 billion dollar Clinton foundation.

Chelsea get two million a year salary, mom & dad snagged 110 million on their income statements

[Guest]

People, and I use the word loosely, like the OP have no idea what's involved in running a business.

Complaining about a corporate entity that uses the laws created by politicans to legally protect his shareholders is beyond ridiculous, people that stupid should not be able to vote..... o wait there is no IQ test to vote, nor is there even ID requirement. You only need to say you are legal to vote, in any language.

You can't make this stuff up.

Families that lived on entitlement believe Trump filed for bankruptcy.

[Guest]

Trump had a fiduciary responsibility to protect his shareholders, Clinton as secretary of state and senator had a fiduciary responsibility to US citizens.

Which one was guilty of neglecting their duty?

[Guest]

is this a trick question:coolsmiley:

[Guest]

"Even before Donald Trump won the Republican presidential primary on a shoestring budget, the billionaire has been an innovator when it comes to his finances. The real-estate mogul, who has declared bankruptcy four times, has a long history of refusing to pay contractors, lawyers, and employees who work for him if he finds their work unsatisfactory. So it is perhaps unsurprising that several members of Trump’s neglected policy shop in Washington, D.C., quit last month when they found themselves the latest victims of the candidate’s unorthodox budgetary discipline.
Most of the people working at the campaign’s Beltway outpost walked out the door in August when the paychecks they say they were promised never arrived, according to a new report by The Washington Post. “It’s a complete disaster,” one former adviser told the Post. “They use and abuse people. The policy office fell apart in August when the promised checks weren’t delivered.”

I guess I am just as bad as Trump. I refuse to pay contractors that do not do good work on my home. Sorry, but I am not a "charity." I do not go by the name of Clinton or charity foundation.

Is this the best you can come up with? If you don't wish to vote for Trump, knock yourself out. NO REALLY, knock yourself out....ha, ha.

[Guest]

most people here have absolutely no idea what bankruptcy means or that in most cases it is a sensible, allowable by law financial tactic.

Bankruptcy Basics | United States Courts (http://www.uscourts.gov/services-forms/bankruptcy/bankruptcy-basics)

[Guest]

People, and I use the word loosely, like the OP have no idea what's involved in running a business.

Complaining about a corporate entity that uses the laws created by politicans to legally protect his shareholders is beyond ridiculous, people that stupid should not be able to vote..... o wait there is no IQ test to vote, nor is there even ID requirement. You only need to say you are legal to vote, in any language.

You can't make this stuff up.

Families that lived on entitlement believe Trump filed for bankruptcy.

You are correct...running a business is different than being President and LEADING a COUNTRY that does not carry your name.

This is what people do not understand. Al the stupid people you refer to are able to tell the difference between your own PRIVATE business and LEADING a country with 3 branches of Government.

Stupid is believing and thinking he can do what he says within the GOVERNMENT. That is the con he is pulling.

He only answers to Trump now. His new responsibilities would entail bringing the country together, which he has proven cannot do nor wants to do......working with congress, which he never mentions and whose members he has insulted personally.

Be careful being so pompous as to call others stupid.

Just based on your post, you do not see the obvious difference between running a PRIVATE ONLY business and a country.

On your welfare comment....Trump will not even discuss it

[Guest]

it's purpose is to save companies by giving them a fresh start and saving jobs and business by restructuring their debts.

It also allows banks to lend money taking a higher priority in being paid back.

All payroll & taxes are paid in full.

It take more work on the part of the business to do a chapter 11 then simply walking away paying no one anything.


It is also expensive in the legal fees.


.


Many big name corps has used this law

[Guest]

did you say con-man?



https://pbs.twimg.com/media/Cr_l6OqVYAECRKF.jpg

[Guest]

Trump had a fiduciary responsibility to protect his shareholders, Clinton as secretary of state and senator had a fiduciary responsibility to US citizens.

Which one was guilty of neglecting their duty?


Lyin' Donnie has no shareholders. His company is a privately held corporation that answers to no one.

[Guest]

Lyin' Donnie has no shareholders. His company is a privately held corporation that answers to no one.

Lyin' Donnie. :bigbow::popcorn::coolsmiley:

How can a troll become President of the United States? No one seems to research this man's statements nor hold him accountable for them.

[Guest]

Lyin' Donnie has no shareholders. His company is a privately held corporation that answers to no one.

Here's another W2 Biz genius,

you know all the corp structures of his 515 business?


Privately held corps can and most do have shareholders.




.:popcorn:

[Guest]

Lyin' Donnie. :bigbow::popcorn::coolsmiley:

How can a troll become President of the United States? No one seems to research this man's statements nor hold him accountable for them.

Sure they do on CNN ABC NBC and most media, but they have problems substantiating anything.

[Guest]

Here's another W2 Biz genius,

you know all the corp structures of his 515 business?


Privately held corps can and most do have shareholders.




.:popcorn:

Actually you are VERY wrong....

"The Trump Organization (formerly Elizabeth Trump & Son) is an American privately owned international conglomerate based in Trump Tower in Midtown Manhattan, New York City. It serves as the principal holding company for Donald Trump's business ventures and investments. It is owned and managed by Donald Trump and his three eldest children—Donald Trump Jr., Ivanka Trump, and Eric Trump—serving as EVPs within the organization.[5]

The Trump Organization - Wikipedia, the free encyclopedia (https://en.wikipedia.org/wiki/The_Trump_Organization)

The only company he had that was taken public was Trump Hotels and Casinos and it went belly up.

"It was promoted as the chance of a lifetime: Mom-and-pop investors could buy shares in celebrity businessman Donald Trump’s first public company, Trump Hotels and Casino Resorts.

Their investments were quickly depleted. The company known by Trump’s initials, DJT, crumbled into a penny stock and filed for bankruptcy after less than a decade, costing shareholders millions of dollars, even as other casino companies soared.

In its short life, Trump the company greatly enriched Trump the businessman, paying to have his personal jet piloted and buying heaps of Trump-brand merchandise. Despite losing money every year under Trump’s leadership, the company paid Trump handsomely, including a $5 million bonus in the year the company’s stock plummeted 70 percent."

As its stock collapsed, Trump’s firm gave him huge bonuses and paid for his jet - The Washington Post (https://www.washingtonpost.com/business/economy/as-its-stock-collapsed-trumps-firm-gave-him-huge-bonuses-and-paid-for-his-jet/2016/06/12/58458918-2766-11e6-b989-4e5479715b54_story.html)

As you read, note the "con" "scam" aspect that runs throughout along with the poor slobs who lost their life savings while he just got richer.

As he said about running for President....if I dont win I will still be rich. Always about HIM

[Guest]

Isn't it amazing how some folks are just above reproach and indictment?

I am speaking of the Clintons of course.

[Guest]

And that covers over 500 companies?

if you watched RNC two of his biz partners spoke

Thomas J. Barrack Jr. spoke glowingly about the Republican presidential nominee last week in Cleveland.

A California private-equity executive and founder of Colony Capital who has known the candidate for 35 years, Barrack praised Trump’s leadership and perseverance and told stories about real estate development deals they have done together.

he has partners and shareholders but as privately held corp as no requirement to disclose.

And at this point what difference does it make,

[Guest]

it's purpose is to save companies by giving them a fresh start and saving jobs and business by restructuring their debts.

It also allows banks to lend money taking a higher priority in being paid back.

All payroll & taxes are paid in full.

It take more work on the part of the business to do a chapter 11 then simply walking away paying no one anything.


It is also expensive in the legal fees.


.


Many big name corps has used this law

SO true but I don't quite think the people of Atlantic City would be so forgiving, a lot of them were out of jobs and money. Trump found it hard to borrow after all that trouble with the casinos, look it up. The trouble with some of his supporters is they are enamored with the talk of a billionaire the big question is, is he really?

[Guest]

SO true but I don't quite think the people of Atlantic City would be so forgiving, a lot of them were out of jobs and money. Trump found it hard to borrow after all that trouble with the casinos, look it up. The trouble with some of his supporters is they are enamored with the talk of a billionaire the big question is, is he really?

Wow, this is terrible! On a scale of one to ten with Hillary being a TEN (bad), how would Trump weigh on it? I'd give his exploits a minus five in comparison. Am I being too fair to Hillary?

[Guest]

Trump released his tax papers

[Guest]

Bankruptcy 101

Trump corp Chapter 11 was managed by a creditors committee, usually comprising the 10 largest creditors (the banks more than likely)

they analyze what the company can pay, it is proposed thru a Plan of Arrangement. The US Trustee managing the case then presents it to a Fed Judge for approval based on the votes by creditors to accept or reject the Plan (payout)

It was voted by creditors to accept a 30% Plan, not bad most are BK's are 5 cents.

So now we look at contractor owed $100,000, he gets $30,000. losing 70K.

Not really if that was profit he pays corp tax say of 35% on the $70,000 or $25,000 netting $45,000, this creditor lost $45,000

Not really, he gets a tax deduction on other corp profits for the $70,000 under the IRS BK laws. or another $25K

Bottom line is a 20% loss as rule of thumb.

So he didn't lose $100K

If that loss can't be adsorbed then yes that company is in trouble.

Most (not all) creditors survive to continue.

All within the goals of the Bankruptcy Act.

----

By the way in the Plan Trump gave up 50% equity and was on the hook personal loan guarantees of $900,000,000, all his liquid assets at the time so has ass was on the line.

He survived and later sold his equity and went on.