First  Prev  1  2  3  4  5  6  7  8  9  Next  Last
Post Reply Donald Trump has filed bankruptcy FOUR times. Why are people voting him?
18686 cr points
Send Message: Send PM GB Post
22 / F
Offline
Posted 25 days ago

redokami wrote:


rawratl wrote:



The media never used "Nazi socialist" on their own accord. If they mentioned that specific phrase it was in relation to a comment made by someone else and they were discussing the meaning (unless it was FOX News.) I've heard them use "socialist" but that by itself isn't necessarily a negative term (only to right wingers.) To use the spoiler tags type [ spoiler] at the beginning and [ / spoiler] at the end but without the spaces, it looks just like quoting but you place them on the outside of the quote.

whether they put Nazi, with socialist, doesn't matter at this point, the fact is that they still used "socialist" to degrade Bernie and try and make him irrelevant, it wasn't until he was really at the debate stage that they even GAVE him attention, so when they saw how much he was liked - within the parties voters at least- the party and media became afraid he would surpass Hillary,which, he would of if it wasn't for the rigging


edit: I admit there were some flaws of him , one being he wasn't as "strong voiced" and "pushy" but I also liked that about him, though, others, thought it was because he was "Weak"
9757 cr points
Send Message: Send PM GB Post
24 / F / Johnstown, PA, USA
Offline
Posted 25 days ago
I imagine that Trump is more likely to back down when and if the legislative and judicial branches do their damned jobs and confront the electoral branch. Oh, and Hillary casually compromising national security prior to stepping into office broke my scales, regarding risks. I'm not going to sit here and exaggerate the powers and effects of our presidents, but Hillary concerns me more.
16735 cr points
Send Message: Send PM GB Post
Hoosierville
Offline
Posted 25 days ago
Two of the "bankruptcy" were chapter 11's. For those that don't know a chapter 11 is a "restructuring of debt" not a true bankruptcy. It happens when a business is unable to pay it's debt load but it is still a functioning business making money. What happens is that typically some/all debt repayments are suspended for an amount of time, along with interest, and it gives the business time to cut their expenses and pay off some of the debt without accruing more. After an amount of time payments begin again and the business keeps functioning. Many VERY successful businesses have had to file it at one point or another, its also known as a "second chance bankruptcy".


In 1991, Trump's Taj Mahal located in Atlantic City was in debt for billions of dollars. As a result, Trump's corporation filed for Chapter 11 bankruptcy. The Bankruptcy court allowed Trump to reorganize his corporate debts and allowed the casino to keep operating. Trump did surrender half of his ownership interests in the Taj Mahal. He chose to sell his yacht and airplane to help make loan payments.

In 1992, Trump filed for Chapter 11 bankruptcy on his Trump Plaza Hotel in Atlantic City. At this time, Trump owed $550 million on the Trump Plaza Hotel. As part of the restructuring, Trump gave Citibank a 49% interest in the hotel. He was given a lenient repayment plan. Trump was able to stay on as CEO but he had to give up his salary.


Only 2 have been actual bankruptcies.


Trump Hotels and Casino Resorts filed for bankruptcy in 2004. The corporation had $1.8 billion dollars of debt. Trump reduced his share in the company to 25% thereby surrendering his control of the corporation. The corporation received lower interest rates and another loan to upgrade the properties.

In 2009, Trump Entertainment Resorts filed bankruptcy after missing a large bond interest payment. Trump was not able to agree with his board of directors on a repayment plan so he resigned as chairman of the board and retained only a 10% ownership interest in the corporation.
14733 cr points
Send Message: Send PM GB Post
Offline
Posted 25 days ago , edited 25 days ago

Ocale wrote:

Filing bankruptcy is often a strategical move for business, but no one cares.


Namely, it's a way of avoiding responsibility--
If a company has to pay out a crippling court judgment after bad business practices or employee abuse came down against them, OOPSIE!, the judgment seems to have sent the company into Chapter 11, until they somehow manage to restructure and reorganize six months to a year later under a different name and reshuffled management.

In business practices, it's almost as useful a dodge as, y'know....not paying any taxes on your losses!
16735 cr points
Send Message: Send PM GB Post
Hoosierville
Offline
Posted 25 days ago

Ejanss wrote:


Ocale wrote:

Filing bankruptcy is often a strategical move for business, but no one cares.


Namely, it's a way of avoiding responsibility--
If a company has to pay out a crippling court judgment after bad business practices or employee abuse came down against them, OOPSIE!, the judgment seems to have sent the company into Chapter 11, until they somehow manage to restructure and reorganize six months to a year later under a different name and reshuffled management.

In business practices, it's almost as useful a dodge as, y'know....not paying any taxes on your losses!


General Motors

The economic recession of 2008 brought bankruptcy upon a number of high-profile corporations and financial institutions. Among them was General Motors (GM), one of the most important and influential companies in American history. Founded in 1908, the once-powerful auto manufacturer ended its 100th anniversary year with a debt of more than $30 billion. It filed for Chapter 11 bankruptcy in June of 2009, and with the help of government funding and a radical restructuring plan by corporate bankruptcy expert Jay Alix of AlixPartners, GM made an initial public offering in 2010. The company was profitable again by the end of that year, and it's only continued to thrive, with a July 2015 earnings release showing a net income of $1.1 billion. Alix shared his side of the GM recovery story in a 2013 Forbes article.
14733 cr points
Send Message: Send PM GB Post
Offline
Posted 25 days ago , edited 25 days ago

Rujikin wrote:


Ejanss wrote:
Namely, it's a way of avoiding responsibility--
If a company has to pay out a crippling court judgment after bad business practices or employee abuse came down against them, OOPSIE!, the judgment seems to have sent the company into Chapter 11, until they somehow manage to restructure and reorganize six months to a year later under a different name and reshuffled management.

In business practices, it's almost as useful a dodge as, y'know....not paying any taxes on your losses!


General Motors

The economic recession of 2008 brought bankruptcy upon a number of high-profile corporations and financial institutions. Among them was General Motors (GM), one of the most important and influential companies in American history. Founded in 1908, the once-powerful auto manufacturer ended its 100th anniversary year with a debt of more than $30 billion. It filed for Chapter 11 bankruptcy in June of 2009, and with the help of government funding and a radical restructuring plan by corporate bankruptcy expert Jay Alix of AlixPartners, GM made an initial public offering in 2010. The company was profitable again by the end of that year, and it's only continued to thrive, with a July 2015 earnings release showing a net income of $1.1 billion. Alix shared his side of the GM recovery story in a 2013 Forbes article.


Yes, but that was an ACTUAL Chapter 11, not one of those weaselly fake ones CEO's do because they think they can.

("But Trump wasn't faking, all his bankruptcies were real!" )
16735 cr points
Send Message: Send PM GB Post
Hoosierville
Offline
Posted 25 days ago

Ejanss wrote:


Rujikin wrote:


Ejanss wrote:
Namely, it's a way of avoiding responsibility--
If a company has to pay out a crippling court judgment after bad business practices or employee abuse came down against them, OOPSIE!, the judgment seems to have sent the company into Chapter 11, until they somehow manage to restructure and reorganize six months to a year later under a different name and reshuffled management.

In business practices, it's almost as useful a dodge as, y'know....not paying any taxes on your losses!


General Motors

The economic recession of 2008 brought bankruptcy upon a number of high-profile corporations and financial institutions. Among them was General Motors (GM), one of the most important and influential companies in American history. Founded in 1908, the once-powerful auto manufacturer ended its 100th anniversary year with a debt of more than $30 billion. It filed for Chapter 11 bankruptcy in June of 2009, and with the help of government funding and a radical restructuring plan by corporate bankruptcy expert Jay Alix of AlixPartners, GM made an initial public offering in 2010. The company was profitable again by the end of that year, and it's only continued to thrive, with a July 2015 earnings release showing a net income of $1.1 billion. Alix shared his side of the GM recovery story in a 2013 Forbes article.


Yes, but that was an ACTUAL Chapter 11, not one of those weaselly fake ones CEO's do because they think they can.


A chapter 11 is a chapter 11. There are not fake ones or real ones. Come back to reality dude.
172 cr points
Send Message: Send PM GB Post
17 / M / MI
Offline
Posted 25 days ago
Because of all the businesses that he has had, only few have failed. Look at the list.
17179 cr points
Send Message: Send PM GB Post
(´◔౪◔)✂❤
Offline
Posted 25 days ago , edited 25 days ago
I wonder who foots the bill
27147 cr points
Send Message: Send PM GB Post
Offline
Posted 25 days ago

SirDSRPhoenix wrote:

Actually, Trump has never personally filed for bankruptcy. Those four bankruptcies were filed for different companies that he owned. Something to note is that bankruptcy is not necessarily a bad thing. In many cases it is a good way of being able to cut massive overhead from a company, get rid of wasteful policies, and streamline the business so it can make a comeback. Hostess is a great example of this.


Thats like you're saying "He bankrupted with companies few times no big deal lets now let him run a country." He failed at FOUR companies but country no biggy?
28192 cr points
Send Message: Send PM GB Post
Offline
Posted 25 days ago , edited 25 days ago

Ranwolf wrote:
* Is watching all this from the safety of the other side of the Canadian/American border.


I'm not entirely sure we're safe if God Emperor Tang rises to power.



aeb0717 wrote:
I imagine that Trump is more likely to back down when and if the legislative and judicial branches do their damned jobs and confront the electoral branch.


The most likely outcome is the entire country will grind to a complete halt every time Cher posts a tweet. Because Trump is pathologically incapable of accepting and not responding to even the slightest criticism. I have no idea why anyone thinks he can govern a country. Let alone the most powerful one on Earth. Aside from being catastrophically unqualified he is vindictive, thin skinned and petty.

I mean he's already sworn vengeance on everyone that has slighted him this entire campaign. Whether he wins or not.




FuruBoks wrote:
Because of all the businesses that he has had, only few have failed. Look at the list.


Lets see....

Trump Airlines
Trump Vodka
Trump Magazine
Tour De Trump
Trump on the Ocean
The Trump Network
Trump Radio
Trump New Media
Trump Taj Mahal
Trump Atlantic City
Trump Men's Wear
Trumpnet
Trump Tower Tampa
Trump Marina
Trump Plaza
Trump University
Trump Ice
The New Jersey Generals
Trump Mortgage
Trump: The Game(tm)
Trump Steaks
GoTrump.com
Trump Villas, Grenadines
Trump Casino Mississippi
Trump Ocean Resort
Trump at Cap Cana
Trump Financial
Trump Philadelphia
Trump Dubai Tower
Trump Tower, Batumi
Trump Plaza Tower, Israel
Trump animated series ( Seriously )
Trump Tycoon Mobile
Trump Institute
Trump Office

And thats not even getting in to how many business deals, ties, etc he has lost by demonstrating how much of an arsehole he really is on a national stage. Speaking of which this entire fiasco has damaged his brand in general and his entire business is essentially built on his brand.

Even Ivanka has been distancing herself to try and save overflow damage to her own businesses.


16735 cr points
Send Message: Send PM GB Post
Hoosierville
Offline
Posted 25 days ago

FlyinDumpling wrote:

I wonder who foots the bill


For chapter 11's many times no one does. There are different ways to do it but the 1st thing I list is the most common:

1) No interest accrues on debt and the company pays less on their debt for X years. They reorganize and scrap under performing sites/reduce costs. After X years the deal ends and they are back to paying like normal. During the chapter 11 they try to stabalize and pay off debts so they can stay afloat after the chapter 11

2) A chapter 11 where the above does not/cannot work. All debts are reduced by 30%-75%

3) Even their debtors have given up and they want to liquidate the company and get whatever money they can out of it. Full bankruptcy and everything is lost.
12033 cr points
Send Message: Send PM GB Post
Online
Posted 25 days ago
Not so much worried about Trump's financial blunders as I am afraid of his likelihood to cause a nuclear holocaust.
991 cr points
Send Message: Send PM GB Post
M
Offline
Posted 25 days ago

RaisedInACult wrote:


Tinamarie101 wrote:

People want someone that irresponsible, full of racism and bs running a country?
Americas already in bad enough debt!

What happened to world peace?
Responsibility & Dignity importance?


People want a felon, traitor, racketeer, money landerer, and child trafficker in office?


4 bankruptcies out of what 270+ businesses ran sounds just so horrible in comparison.


when was Clinton convicted of anything? Oh right, she hasn't. She hasn't even gone to trial for anything. Tell me, which one of the two is actually going to trial this month for fraud? Here's a hint: He's orange and likes grabbing pussies without consent.
991 cr points
Send Message: Send PM GB Post
M
Offline
Posted 25 days ago

runec wrote:


Ranwolf wrote:
* Is watching all this from the safety of the other side of the Canadian/American border.


I'm not entirely sure we're safe if God Emperor Tang rises to power.



aeb0717 wrote:
I imagine that Trump is more likely to back down when and if the legislative and judicial branches do their damned jobs and confront the electoral branch.


The most likely outcome is the entire country will grind to a complete halt every time Cher posts a tweet. Because Trump is pathologically incapable of accepting and not responding to even the slightest criticism. I have no idea why anyone thinks he can govern a country. Let alone the most powerful one on Earth. Aside from being catastrophically unqualified he is vindictive, thin skinned and petty.

I mean he's already sworn vengeance on everyone that has slighted him this entire campaign. Whether he wins or not.




FuruBoks wrote:
Because of all the businesses that he has had, only few have failed. Look at the list.


Lets see....

Trump Airlines
Trump Vodka
Trump Magazine
Tour De Trump
Trump on the Ocean
The Trump Network
Trump Radio
Trump New Media
Trump Taj Mahal
Trump Atlantic City
Trump Men's Wear
Trumpnet
Trump Tower Tampa
Trump Marina
Trump Plaza
Trump University
Trump Ice
The New Jersey Generals
Trump Mortgage
Trump: The Game(tm)
Trump Steaks
GoTrump.com
Trump Villas, Grenadines
Trump Casino Mississippi
Trump Ocean Resort
Trump at Cap Cana
Trump Financial
Trump Philadelphia
Trump Dubai Tower
Trump Tower, Batumi
Trump Plaza Tower, Israel
Trump animated series ( Seriously )
Trump Tycoon Mobile
Trump Institute
Trump Office

And thats not even getting in to how many business deals, ties, etc he has lost by demonstrating how much of an arsehole he really is on a national stage. Speaking of which this entire fiasco has damaged his brand in general and his entire business is essentially built on his brand.

Even Ivanka has been distancing herself to try and save overflow damage to her own businesses.




Don't forget the businesses he destroyed because he doesn't want to pay what he owes
First  Prev  1  2  3  4  5  6  7  8  9  Next  Last
You must be logged in to post.