Trump is BROKE!

[annabanana]

That's whai I think. I think all he has left is that ugly apartment in that tower in NY. He has to go begging for campaign funds just like any other mook.

The only way he can prove me wrong is to release the damn tax files! He should be hammered relentlessly to put up or shut up.

[lagomorph777]

1. Probably right. nt

[Warpy]

2. Well, not broke, exactly

He inherited a bundle, gets royalties on the use of his name, and still has that ugly penis extender in NYC. However, his boast of being a nultibillionaire is based on how much he can leverage--you know, con bankers and other rich guys into lending him. He really doesn't get that you and I can't con bankers out of similar sums because our daddies weren't that rich.

[Atman]

6. "Broke" in millionaires terms.

He mortgaged to the hilt, in hock to the banks for millions, but he's still living off of his name, and some equity.

The real tell was when he couldn't afford to register his own Trump airplane.

I totally agree...Trump hasn't got a gilded pot to piss in, but he plays a good game, just like any other con man.

[FighttheFuture]

14. When you owe the bank a $1000 that's your problem. When you owe $1M that's their problem.

Trunp's lucky bulllshit in a nutshell.

[Mr.Bill]

24. I doubt he even owns the airplane.

I bet it's leased.

[mopinko]

7. ^^^^this^^^^

yup. like if i bought a whole bunch of property using govt subsidized money w little or nothing down and claimed to own all that property. leaving out the part about owing the bank more than the property is worth.
he has a long history of over paying, too.

[japple]

19. You summed it up really well, Warpy. He said

"I'm so rich I can fund my own campaign...blah, blah, blah..." When someone like Donald Trump says something like that, you know the opposite is true. He is such a blowhard.

[Laura PourMeADrink]

29. How much did he inherit? He's (maybe worth a couple billion) - so how much

are you saying he inherited?

[ohnoyoudidnt]

35. between 40 and 160 million in 1974

He would be worth just as much as he claims to be worth had he invested in the S&P.
https://www.quora.com/Did-Donald-Trump-inherit-a-lot-of-money-and-then-increase-his-net-worth-at-an-unremarkable-rate


In 1974 a 1,000 investment with Berkshire Hathaway would be worth 4,989,050 today.
If he had invested his inheritance in Berkshire Hathaway, he would be worth about 200 billion.

http://www.businessinsider.com/if-you-had-invested-with-warren-buffett-2014-8

So Buffet appears to be the smarter businessman who doesn't have to act like a jackass on TV and put his name on everything to try to make a buck.

[malaise]

3. That should be the meme

It's probably true

[Bonx]

11. Yes! What other 'facts' can we manufacture ?

[enid602]

4. sessions

Well it would seem he's been forced to miss a few sessions at the Hair Club For Men.

[skip fox]

5. I add another hammer blow.

[jeff47]

8. Or at least far less wealthy than he wants to portray himself.

I'm betting he makes enough money that a normal person would happily retire. But he's not a normal person.

[Wellstone ruled]

9. Con Man Don is

continuing his Con. Nobody knows what his real wealth is or where it is. Tried to do a Dunn and Bradsteet on this Guy,everything seems locked. And that is were one goes for the real story,check the Guys Business Credit Rating.

[tularetom]

10. The Potemkin candidacies of Trump and Clinton

Trump has nowhere near as much money as he pretends to have, consequently he will not release his tax returns.

Clinton actually gave no speeches at Goldman Sachs or any other venue. The "speeches" were a fiction to cover the payment of bribes. Consequently, no transcripts of these imaginary speeches exist.

The entire campaign is built on bullshit. Maybe thats true for all campaigns but this time its painfully obvious.

[OwlinAZ]

18. Nothing would surprise me

Of course, no speech is worth what was paid to her.

[Gomez163]

26. Wrong. She got the going rate.

[mac56]

33. Is there a rate card out there somewhere?

[Gomez163]

34. If you need to ask the price you can't afford her

[LiberalArkie]

23. I have believed that there never were any speeches since I first heard of speeches?

You mean to say that out of all the speeches she gave that no one ever recorded one on a cell phone? No one? Romney gave a couple and they were recorded, but never Clinton?

I really find the odds of that amazing.

[arikara]

41. Maybe they confiscated phones

And searched purses and suchlike. I wouldn't put it past them, especially after Romneys thing.

[Jack Rabbit]

12. I tend to agree with you

Broke may not be the right word, but forced to seek further funds due to being unable to self-finance completely an adequate general election campaign would make sense.

Otherwise, I think he's hiding his tax returns for the same reasons Hillary is hiding her Goldman Sachs transcripts -- to make them public might prove to be a public embarrassment and meet with public disapproval.

[dem in texas]

13. Yes! I have thought so all along.

He may have billions, but I will guarantee that all those billions are leveraged out the wazoo.

[Cryptoad]

15. What makes my ass want a pinch of snuff,,,,,

All day MSM have been talking abt how if Trump will just tells us he really didn't mean all those mean things he said , then all is forgiven and everything will be Otay, for the GOP

[WinkyDink]

16. The operative words' being "I think...."

[houston16revival]

17. Why would a billionaire have a TV show?

He enjoys publicity more than counting his wealth?

Strange billionaire!

[Laura PourMeADrink]

30. good point ! Love me

[ohnoyoudidnt]

37. A narcisist or one that really needs the money or both. nt

[Mosby]

20. trump owns five golf courses

That's the extent of his tangible assets.

[Laura PourMeADrink]

31. Are you saying personally?

[Mosby]

36. all of his real estate holdings are partnerships

With other entities. Further they are highly leveraged.

The only properties he owns outright are his golf/resort properties, Forbes says he has nine. They are probably worth 500-600 million.

He does not want to release his tax returns because he does not want people to see his cash flow, it's not that much, maybe 50-60 million per year.

[gordianot]

21. He owns real estate and has a lot of debt.

That is his financial plan with an occasional swindle thrown in, this political escapade is financed somewhere else. The valid question for any politician is; Who or what owns them?

[silvershadow]

22. When we get to the general, I will. nt

[porkified]

25. Donald D-Bag

He is morally and mentally broke.

[Jim Lane]

27. My guess is that he's wealthy but illiquid.

Compute his assets minus liabilities and his net worth is probably high. For self-funding a campaign, though, he probably doesn't have the cash flow for serious expenditures.

For centuries now, it's been a truism that owners of real property tend to be in debt. A big pile of money in a bank account or a CD or shares of stock will usually generate income. A piece of property won't automatically do that, and even any income that is generated will be offset by taxes, maintenance costs, etc. I'm guessing that Trump couldn't self-fund a big October ad buy out of liquid assets, but would instead have to take a loss by selling properties at fire-sale prices.

[Laura PourMeADrink]

32. Great point JL ! Everything you say is true. Explains why he will accept

contributions in general !!

[Laura PourMeADrink]

28. That's crazy talk girl ! But, obviously he's hiding something

for sure. If I was advising him....I would just say - "Way too complex for 100% of the people to understand."

[karadax]

38. I think Trump is saving this for an attack in the General.

He comes out with his returns which show not a huge fortune as he has boasted about. At the same time he swings hard at Clinton about her income and possible ties to the Panama papers.

His strategy will be who comes out of the pool of sewage cleanest.

[SoCalDem]

39. His assets are not "liquid"

and since it's mostly real estate and investments, the values are constantly changing.

Many super rich are often "cash-poor", but because much of what they need is bartered/given to them, I do not worry about them :eyes;

[JustABozoOnThisBus]

40. Broke like Clintons ...

... when they left the White House, barefoot and wearing rags.

They came back from financial ruin, so can Donald.