What's your source that Trump "has some 300 million in debt?" The lowest number I've seen is more than $400 million and, as it was posted further down this page a Forbes reporter calculates his debt at $1.1 BILLION. See below.
And how do YOU know that his operating income is "substantial?" Oh! You're relying on the "fact" that "his lenders would never have made the loans." But you have no IDEA WHO THEY ARE. So your statement is just a gigantic assumption. What if they are Russian oligarchs ordered to do so by Putin in order to snare Trump?
Trump has a history of stiffing contractors, serial bankruptcies and screwing stockholders and bondholders.
His skill is not as a businessman, it's as a conman and a bully.
"Dan Alexander
@DanAlexander21
·
Sep 27, 2020
Replying to @DanAlexander21
12/ In Chicago, Trump lists two loans on his financial disclosure report. One for $25-50M and one for $50M+. These are complex liabilities that I won't go too much into right now, but that's another $75M+ in debt. Total debt accounted for so far: $1.1 billion."
-- Modified on 9/28/2020 10:13:33 PM
Loser-in-Chief because he is a great businessman and a billionaire?
They will say in different variations “Yeah I don’t like him as a person , ... but I held my nose and voted for him because he is a successful businessman and he knows what he is doing” ...
that one thing they love about Trump is that he always tells the truth.
😳
I kid you not.
62 million suckers got conned into the biggest ripoff in American history..
that tell you about his wealth? Obviously, he has unencumbered assets well in excess of 300 million and substantial operating income (not taxable income) or his lenders would never have made the loans. Indeed, Forbes pegs his net worth at 2.5 billion today.
Next question for you. What do you call a man who turns a 400 million inheritance or whatever it was into gross assets worth 3.7 billion per Forbes? I ‘d say the answer is – a successful businessman.
What you play at this level, it’s never just profits. It’s big losses too. Bill Ackman’s hedge fund lost a half billion in a single day on one stock. He is still doing fine.
Federal criminal tax liability? naah- Trump will pardon himself.
State criminal tax liability- that is a concern but he is probably studying the play book from the Queen of Mean to see if he can pull that one off, although the NY AG is trying to close the Queen of Mean loophole for precisely that reason.
The real question for Trump is whether he has wrecked his brand with his disgraceful personal behavior. I would certainly think so but that remains to be seen. But otherwise he is a great businessman and a billionaire, even if we factor in tax cheating. Those are simply the facts.
What's your source that Trump "has some 300 million in debt?" The lowest number I've seen is more than $400 million and, as it was posted further down this page a Forbes reporter calculates his debt at $1.1 BILLION. See below.
And how do YOU know that his operating income is "substantial?" Oh! You're relying on the "fact" that "his lenders would never have made the loans." But you have no IDEA WHO THEY ARE. So your statement is just a gigantic assumption. What if they are Russian oligarchs ordered to do so by Putin in order to snare Trump?
Trump has a history of stiffing contractors, serial bankruptcies and screwing stockholders and bondholders.
His skill is not as a businessman, it's as a conman and a bully.
"Dan Alexander
@DanAlexander21
·
Sep 27, 2020
Replying to @DanAlexander21
12/ In Chicago, Trump lists two loans on his financial disclosure report. One for $25-50M and one for $50M+. These are complex liabilities that I won't go too much into right now, but that's another $75M+ in debt. Total debt accounted for so far: $1.1 billion."
-- Modified on 9/28/2020 10:13:33 PM
This is not a 30 year mortgage – he has to have the money by the due date unless he refinances.
The other numbers in the post– including the 1.2 billion in liabilities which you should have been able to calculate by subtracting the 2.5 billion net from the 3.7 gross – all come from the Forbes article which also provides the documented operating income:
“Many of Donald Trump’s businesses generate a huge amount of operating income, even though his IRS filings reportedly show very little taxable income. …
Trump’s operating income is real and documented, laid out in paperwork from local tax offices, the Securities and Exchange Commission and the president’s business partners.”
Trump has never filed for personal bankruptcy, much less more than once. The bankruptcy filings were for failing casino and hotel businesses. That is what you do when a business venture fails. Of course shareholders and bond holders got screwed- that is what a bankruptcy usually does.
We all know about Trump’s despicable character but that does not change the documented fact that he has been extraordinarily successful as a businessman now worth 2.5 billion per Forbes –which was the subject of the OP.
Again, these are simply the facts.
Your analysis would be great; however, I started Following Trump closely after the "Art of the Deal"
came out in 1987. Now I don't do name calling. Everyone has the right to support who they want.
But the Longer I followed DJT the less I thought of him. By the time he Filed is 3rd (There were more
to come) Business BK, I came to the conclusion he was an excellent con man. He repeated the same
mistakes over and over. Thus, the BK's were by design to suck as much out for his personal gain
and leave the suckers Holding the BAG. JP Morgan Chase is happy to have his deposits but won't
lend him a dime. Neither Will WELLS FARGO, CITIBANK, TDBANK, OR BOA. He has received all of
his funding from DEUCTSCHE BANK (Sorry if I misspelled it) and LADDER CAPITAL. HIS D & B Score
wouldn't get his companies a GAS CARD from a US BANK Much less a Loan. As far as FORBES
Still having him in the top 400, sketchy. I don't think he would even be a considered a Billionaire
if a Forensic Audit was done of the Company's Finances. I am a Social Liberal and Fiscal Conservative.
Suffice it to say there are no Fiscal Conservatives left in DC. I am no fan of MBNA BIDEN but provided
the 2 lousy choices we have, BIDEN will get my vote.
This is not a 30 year mortgage – he has to have the money by the due date unless he refinances.
The other numbers in the post– including the 1.2 billion in liabilities which you should have been able to calculate by subtracting the 2.5 billion net from the 3.7 gross – all come from the Forbes article which also provides the documented operating income:
“Many of Donald Trump’s businesses generate a huge amount of operating income, even though his IRS filings reportedly show very little taxable income. …
Trump’s operating income is real and documented, laid out in paperwork from local tax offices, the Securities and Exchange Commission and the president’s business partners.”
Trump has never filed for personal bankruptcy, much less more than once. The bankruptcy filings were for failing casino and hotel businesses. That is what you do when a business venture fails. Of course shareholders and bond holders got screwed- that is what a bankruptcy usually does.
We all know about Trump’s despicable character but that does not change the documented fact that he has been extraordinarily successful as a businessman now worth 2.5 billion per Forbes –which was the subject of the OP.
Again, these are simply the facts.
You failed to qualify your $300 million statement, so I corrected it.
Show me where I said he'd filed for personal bankruptcy? His laundry list of business bankruptcies proves he's a shitty businessman.
The way he screwed shareholders and bondholders was thorough, remarkable and serial. If you think this is normal behavior for a businessman you are sadly incorrect.
You also failed to point out that he has continually excoriated Forbes for under-reporting his wealth, which he has claimed had been nearer $10 billion. Kind of like how he added several non-existent floors to Trump Tower.
Again, these are simply the facts.
Your facts? Not so much.
But thanks for covering his fat ass for him. And, no, you don't save yourself by admitting he has a despicable character because you're arguing in support of despicable behavior.
Shame on you.
Which we all suspect he has ... astronomically!
Ah? Big hole in analysis to inflate his assets.
Did you just said that to be funny or it just sounds that way?