You need to read up on All County Building Supply and Maintenance that was being referred to above…because you’ll want to be retracting this bogus claim after you do.
Or not- the article was a New York Times article…so you’ll slam it as being Fake News instead…
In 1992, The Trump’s incorporated All County Building Supply and Maintenance. It was a corporation that was owned by Fred Trump’s children that acted as a middle man in purchasing necessary equipment for the Supply and Maintenance of the various Fred Trump properties.
All County Building Supply and Maintenance would purchase supplies, equipment, fridges, washing machines, dryers etc at market price and then sell those things to Fred Trump at a markup
Not only is this scheme self dealing and an illegal transfer of wealth specifically to avoid paying estate taxes, the increased costs were also used to justify higher rent increases on rent stabilized buildings.
So… want to make that claim that Trump lost just his own money still?
Man all those people who voted for him because he was a good business man got conned. I mean the really got conned. I wonder what else he has conned some of his believers into believing.
That’s the brilliance of the con here. For him to truly be held accountable, Everyone who was conned would have to have a redemptive moment of humble clarity that they were In fact conned, and none of them are ever going to do that.
I guess for some very confused people he represents something they’d like to be. Which is horrifying if you don’t share that view of him.
Remember that time during the 2016 campaign when Candidate Trump said that he would fund massive infrastructure with debt and if it didn’t bring the prosperity that he expected that he would go to the creditors of the US and tell them to take a haircut on the debt.
That was truly when I knew that he had no idea what he was talking about.
Border wall, repeal and replace, etc, etc.
Actually, the loan program that included Solyndra ended up turning a profit.
You gotta keep his con even after you take his money. He can’t know you took him
Trump’s genius is he doesn’t have to keep it a secret that he took 'em…he knows they won’t admit he took 'em…and thus he can sting 'em some more.
This is basically old news. Real estate is a commodity and there was a time when he was over invested and had trouble covering his debts.
That was well known.
No one based their vote on that. He was elected on the issues that others wouldn’t touch.
The biggest con artist in US history.
Trump’s steel tariffs cost U.S. consumers $900,000 for every job created.
This is not old news. Nope. Most people knew he was a bad businessman. But this is worse then bad.
Oh those issues others wouldn’t touch? Donnie’s not touching them either. Just talks about it to keep his true believers believing. Fascinating to watch.
Like replacing the ACA with a better program that would cover everyone?
If we weren’t going to invade Iran or Venezuela before we will after this week
I know people who based their vote on that…said Trump being a good businessman would allow him to jump start the economy when no one else could.
You are completely wrong that NO ONE based their vote on that.
You’re right, however, that a lot more based their vote on him blaming the Chinese and the Mexicans and the liberals for all their problems too.
Many members of the Party of Personal Responsibility LOVE it when they’re told someone else is to blame for all their troubles.
Nonsense. There was a TV show interviewing him ages ago about the period after the real estate downturn and losses in ATlantic City when he couldn’t get anyone to lend him money. Real estate is a commodity and goes up and down. Remember the savings and loan crisis?
This is all old news.
When real estate revived in value he recovered.
And it has nothing to do with his being President.
Many love it when problems others deny and refuse to help with are identified, and the laws are enforced.
My explanation was better.
“Those stinkin’ Chinese and brown people are stealin’ our jobs!”
I live in Trump Country. I know whereof I speak.
And all this was brought out in the campaign. This is not something that was a secret.
What you all need to remember is Trump is cool. This applies to any old, current, and future story so there is no need to post negative things.
Really, really cool.
