You guys remember the times fat donald kept saying he was worth $8 Billion?
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I mean its no secret Trump was heavily over-leveraged in real estate when real estate took a big dump…
Nobody who paid any attention to this chump back in the day is surprised at any of this. He was always a shallow media whore chasing celebrity and tabloid attention to cover up his stupid business failures and to pretend he was wealthy.
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Not a good thing, unless you’re a start up on the path to profitability.
The concept of “losing money isn’t good” seems to be going well over your head, Snow.
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BTW, it’s astounding how fat donald’s speaking ability has eroded within the past 2 1/2 years.
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If Trump didn’t lie so much, I would be inclined to believe this. However he is a habitual liar so I can only assume he isnt disclosing everything
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His two biggest creditors are Deutsche Bank and Ladder Capital Finance.
Snow, for your homework you should study up on Ladder Capital.
No Russian mafia money (that I know of) but an eye-opening look into the shady world of real estate development.
I warned you people at the beginning that Trump’s financial dealings could lead to potential conflicts of interest. “Oh no” I was assured “We’ve had wealthy Presidents before”.
Not like this cat, we haven’t.
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The only reason he would go to ladder capital, a REIT, would be he couldnt get financing from a normal bank
I love to watch sport documentaries… I watched this one long before Donald and the presidency became a real possibility.
TLDR: Everything Trump touches dies…he is not a good business man
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they can only operate at a loss if someone is willing to lend them money or give them money (private equity, venture capital, public stock issuance).
“The newly revealed tax information sheds light on how those net operating losses snowballed. By 1991, they had grown to nearly $418 million, accounting for fully 1 percent of all the losses that the I.R.S. reported had been declared by individual taxpayers that year. And the red ink continued to accumulate apace.”
That’s crazy.
AND as the NY Times previously reported, he lost another $915.7 million in 1995.
Another.
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it’s why the NFL owners wanted no part of Trump.
This is exactly why Congress has no business getting hold of Trump’s taxes. They and Dem media will collude, after failure of Russia/Trump conspiracy theories, to use his taxes for political purposes. This is not the basis for Congressional oversight, and is shameful that they would try this.
trump financed his casinos with publicly-issued junk bonds.
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Well this thread has been enlightening.
Can certainly tell who should never be giving financial advise on these forums ever again. Since these libs don’t know what assets and depreciation are, that means they have no assets to depreciate.
Need to bookmark this thread so we can compare posters here to the threads where the libs like to talk about taxes.
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it’s not like the russians are going to have him sign a loan document.
and just in case anyone has forgotten this from way back in April of 2019…
You must one of the proud owners of Art of the Deal; how I lost a billion dollars in 10 years
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even better logic is if you lose money in business you should never have people look at your taxes even after your lawyer says you committed band and insurance fraud because it might cause bad press.
Don’t elect a con man and you wouldn’t have this problem.
