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Donald Trump at least $1.85 Billion in debt to 150 Wall Street Corporations
Posted 1/9/17 , edited 1/10/17

Rujikin wrote:

Most businesses keep a sustainable level of debt almost constantly. If you don't have enough debt then you are missing out on business opportunities and if you have too much debt your risky. .5 debt to assets is pretty good. Means your both expanding while not taking on too much risk, though of course that rate varies depending on your market.


Then of course when your investments fail because you are an idiot, you can always run to bankruptcy court over and over again
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Posted 1/9/17 , edited 1/10/17

Rujikin wrote:

Most businesses keep a sustainable level of debt almost constantly. If you don't have enough debt then you are missing out on business opportunities and if you have too much debt your risky. .5 debt to assets is pretty good. Means your both expanding while not taking on too much risk, though of course that rate varies depending on your market.



A world built on debt.

How can we ever function without it? yes. We call them business opportunities. So let's teach everyone to have a little debt, because its fine as long as we don't miss out on the possibility of advancement.

So why even worry about money at all? As long as we are positive on the return.

The odds are in your favor no?


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Posted 1/9/17
I'm not surprised at alllllll
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Posted 1/9/17

Humms wrote:


KennethKenstar wrote:

Welp, looks like the mods have endorsed my topic. Feel free to explain to America that's it's okay to be a billion dollars in debt to the major problem in society.



America's credit score must be way too low

Should they be consulted by a financial advisor?
We'll be in debt to the financial advisor
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Posted 1/9/17 , edited 1/10/17

Rujikin wrote:

Most businesses keep a sustainable level of debt almost constantly. If you don't have enough debt then you are missing out on business opportunities and if you have too much debt your risky. .5 debt to assets is pretty good. Means your both expanding while not taking on too much risk, though of course that rate varies depending on your market.
....so does Trump have $3.7 billion in assets?
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Posted 1/9/17
We might be able to understand his financial situation a bit more if he releases those tax returns. Guess he's still under an "audit"... even though the IRS has stated an audit does not bar someone from releasing their tax returns.
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Posted 1/9/17 , edited 1/9/17


Funny, when I click on the link you provided I get:

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You may use the "Back" button in your browser to return to the previous page or click Home to return to the WSJ.com home page.

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Posted 1/9/17

Layer8 wrote:

We might be able to understand his financial situation a bit more if he releases those tax returns. Guess he's still under an "audit"... even though the IRS has stated an audit does not bar someone from releasing their tax returns.


I hear this so much and can only wonder why people feel it is valid to misdirect over and over. His lawyers advised him not to release them and it doesn't take a genius to figure out why. But it does take an moron to fail to consider there may in fact be a reason.
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Posted 1/9/17

Emtro wrote:


Layer8 wrote:

We might be able to understand his financial situation a bit more if he releases those tax returns. Guess he's still under an "audit"... even though the IRS has stated an audit does not bar someone from releasing their tax returns.


I hear this so much and can only wonder why people feel it is valid to misdirect over and over. His lawyers advised him not to release them and it doesn't take a genius to figure out why. But it does take an moron to fail to consider there may in fact be a reason.



Great point, I wonder what the reason might be? Could it be that he used a quarter of a million dollars from his charity to settle lawsuits and he doesn't want his loyal fans to see such a thing? Or that $10,000 painting he bought of himself using charity funds. What's your opinion on doing something like that?

https://www.washingtonpost.com/politics/trump-used-258000-from-his-charity-to-settle-legal-problems/2016/09/20/adc88f9c-7d11-11e6-ac8e-cf8e0dd91dc7_story.html?utm_term=.91a4e2fc1c8d


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Posted 1/9/17 , edited 1/9/17

Layer8 wrote:


Emtro wrote:


Layer8 wrote:

We might be able to understand his financial situation a bit more if he releases those tax returns. Guess he's still under an "audit"... even though the IRS has stated an audit does not bar someone from releasing their tax returns.


I hear this so much and can only wonder why people feel it is valid to misdirect over and over. His lawyers advised him not to release them and it doesn't take a genius to figure out why. But it does take an moron to fail to consider there may in fact be a reason.



Great point, I wonder what the reason might be? Could it be that he used a quarter of a million dollars from his charity to settle lawsuits and he doesn't want his loyal fans to see such a thing? Or that $10,000 painting he bought of himself using charity funds. What's your opinion on doing something like that?

https://www.washingtonpost.com/politics/trump-used-258000-from-his-charity-to-settle-legal-problems/2016/09/20/adc88f9c-7d11-11e6-ac8e-cf8e0dd91dc7_story.html?utm_term=.91a4e2fc1c8d




Forum trolls like you need a new label. Something along the line of "chain-misdirecters" should reflect your behavior. I can't give you an analogy to make you understand because you're crapping on the lawn and acting like you don't know why passersby say your house smell like poop.
Posted 1/9/17
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Posted 1/9/17 , edited 1/10/17

Emtro wrote:

Forum trolls like you need a new label. Something along the line of "chain-misdirecters" should reflect your behavior. I can't give you an analogy to make you understand because you're crapping on the lawn and acting like you don't know why passersby say your house smell like poop.


Sounds like you're trying to avoid answering the question by throwing insults my way. So I'll ask you the question again, what's your opinion on Donald Trump using a quarter of a million dollars from his charity to settle lawsuits and using charitable funds to buy a $10,000 painting of himself?

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Posted 1/9/17

KennethKenstar wrote:


Rujikin wrote:


runec wrote:

Ho boy, this thread is a trainwreck. The Unstoppable Force vs the Immovable Object.

Anyone want to take bets on who gets banned first and how many pages before it gets locked? >.>


I know.... Most the people arguing in here don't know basic business concepts or how to tell if a company is under or over leveraged. I wonder how many in here can even read a balance sheet or income statement.


This is twice now you've mentioned a balance sheet or income statement.

Can you possibly explain how the world that is relevant at all to this topic at hand

We are talking about conflict of interest, dog. Not if the numbers are accurate. Not once has anyone disputed the numbers. So you bringing up if anyone here can read a balance sheet

is utterly

pointless


You really should educate yourself on business before talking about business.

All businesses have debts and assets. Intact many businesses hold onto debt so they can take accrued interest deductions. When a business wants to expand it takes out debt and expects that asset to pay itself off after so much time. A good business with many opportunities keeps a certain level of debt it thinks it can handle. A large business like trumps has a large amount of debt but if you simply look at the number size your not understanding it at all.

You need to look at the debt compared to short term assets and long term assets plus make sure the income statement is capable of paying off debts if the business environment changes.1 billion in debt is not very much to a business worth 5 billion and with 250 million in short term receivables.

This is just standard business. Even the government has to deal with this but to a lesser extent. Its not a conflict of interest but the cost of doing business.

Maybe you will understand it this way... Let's say I'm a college student. I have 50,000 dollars in student debt. I own a car worth $5000 and have personal possessions worth $1000 if liquidated. That means I have $6000 in assets to my $50,000 in debt. I'm pretty much screwed if it comes down to selling everything I own to pay off my debt. Now if I I instead had $100,000 in assets I could sell $50,000 worth of those assets to pay off the student loans and be fine. Trump is currently in the second position.
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Posted 1/9/17 , edited 1/10/17

FlyinDumpling wrote:

....so does Trump have $3.7 billion in assets?


That's what the investment community estimates it to be based on what they know about him. Could be more if he has assets no one knows about.
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Posted 1/9/17

Layer8 wrote:


Emtro wrote:


Layer8 wrote:

We might be able to understand his financial situation a bit more if he releases those tax returns. Guess he's still under an "audit"... even though the IRS has stated an audit does not bar someone from releasing their tax returns.


I hear this so much and can only wonder why people feel it is valid to misdirect over and over. His lawyers advised him not to release them and it doesn't take a genius to figure out why. But it does take an moron to fail to consider there may in fact be a reason.



Great point, I wonder what the reason might be? Could it be that he used a quarter of a million dollars from his charity to settle lawsuits and he doesn't want his loyal fans to see such a thing? Or that $10,000 painting he bought of himself using charity funds. What's your opinion on doing something like that?

https://www.washingtonpost.com/politics/trump-used-258000-from-his-charity-to-settle-legal-problems/2016/09/20/adc88f9c-7d11-11e6-ac8e-cf8e0dd91dc7_story.html?utm_term=.91a4e2fc1c8d




Donald Trump established the Donald J. Trump Foundation in 1988 as a private foundation.[4][5][6] It was founded to donate the proceeds from the book Trump: The Art of the Deal.[7][8] It operated from Trump's business office in New York and has no paid staff.[9] The board of directors consisted of Donald Trump, his three adult children and a Trump Organization employee.[10] In 2015, a Trump Organization spokesperson told The New York Post that Trump makes all decisions regarding the granting of Trump Foundation money.[11] On December 24, 2016, Trump said he plans to dissolve the foundation in order to avoid the appearance of conflict of interest.[12]

Like many private foundations, it conducted no charitable programs of its own; instead, it granted money to other tax-exempt organizations.[9][13] According to the foundation's recent IRS Form 990 filing, in making grants it did not impose on its directors any "restrictions or limitations on awards such as by geographical areas, charitable fields, kinds of institutions, or other factors".[14]
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