Trump campaign to file Chapter Eleven, seeking protection from creditors.

[L. Coyote]

[alfredo]

1. KNR

[pistegypsy]

2. 4 times! . . .

How the fook do you bankrupt 4 casinos ? . . no seriously . . . you have to be seriously stupid to lose money as a casino owner.

Or even dumber to buy one that's losing money!

[PatSeg]

4. That's what Obama said!!!

[Lucky Luciano]

8. casinos that go BK usually use too much leverage and then proceed to not get enough customers...

to pay back the loans.

[Beartracks]

22. You mean they rack up a yuuuge deficit?

=============

[BlancheSplanchnik]

23. heeeeeee

[Lucky Luciano]

25. YUUUUUUUUGER than anything you've ever seen.

It is the Best most Yugest deficit ever.

[Beartracks]

31. LOL "I have the best deficits!"

====================

[Gothmog]

3. Trump has been lying about his net worth for a long time

[L. Coyote]

36. And the big banks have him by his tiny hands.

[PatSeg]

5. K&R

[kairos12]

6. Rename it Trumprupt.

[blackspade]

7. Thread win!

[ProudProgressiveNow]

9. K&R nt

[chknltl]

10. Turn our economy around to Great Depression days.

nuff said

[Ford_Prefect]

11. Filed 4 times that we know of...under his own name.

[Jim Lane]

13. No, none of them were under his own name.

Trump has never filed for personal bankruptcy. Instead, there have been four bankruptcy filings of companies in which he was a principal. (I don't think one can even say "four companies" because I think one of them went into Chapter 11, came out, and then a few years later went in again.)

The biggest losers in these bankruptcies have been the investors who bought bonds to provide the capital with which Trump financed his acquisitions. My guess is that Trump, personally, is a net winner on his casino investments.

[BlancheSplanchnik]

24. good clarification

I didn't realize. Thanks

[Rex]

20. Well under Trump corporation. His business body has been in court 5 times.

I can only imagine what his debt to creditors really might be, THAT is the question. Sure, he is 'worth' 4.1 billion in assets (not the same thing as cash on hand) but what are his liabilities, what kind of debt is he in?

Tick tock...someone is going to expose all that. Cannot wait.

[L. Coyote]

26. If that comes out, his creditors might discover they'll need a convention to fight over the scraps.

Won't it be hilarious if he has borrowed an extra billion over assets on the value of his brand!

[ailsagirl]

12. What, AGAIN???

He seems to regard bankruptcy as some sort of security blanket-- he's been there so many times before.

I love this:

"If Trump had just put his father's money in a mutual fund that tracked the S&P 500 and spent his career
finger-painting, he'd have 8 billion" (instead of only 2.9 billion)

What an idiot

[Curmudgeoness]

14. That one caught my attention too.

And then I thought, well, he wouldn't have cool buildings with his name all over them.

[ailsagirl]

18. We all know how important vulgar, tacky, and glitzy is to drumpf

UGH

[ohnoyoudidnt]

16. Imagine if he had invested in Berkshire Hathaway, or was as good investor as Buffet himself.

Putting his name on crap and his face on tv seemed to be more important to him.

[Rex]

21. Or IBM or Microsoft back in the day.

Or Facebook or Google. Seems all he likes is vulgarity and shiny objects that cost a king's ransom.

[yardwork]

15. What.

[Wounded Bear]

17. Wait a minute...

I thought he was loaning that money to his campaign from his own holdings, thus "self financing" his campaign.

Is he finally coming full circle and suing himself?

[ailsagirl]

19. Seems like it

Don't try to make sense of it-- it'll drive you nuts

[CountAllVotes]

27. Good night & good luck

what a long day and now more tRump shenanigans to frost the proverbial cake of the nominee.

[brush]

28. And this is the guy who is supposed to beat Hillary? He'll bankrupt the country too.

He can't run his campaign any better than that?

What's this, his 4th time filing for bankruptcy?

[MrMickeysMom]

29. As a politician, he's the best meteorologist we've ever had...

... or something like that... sayeth Bernie Sanders!

[beachbum bob]

30. link? or wishful thinking?

[L. Coyote]

32. .... or humor? or, make him tweet at us?

Not to mention, give the his sleepless, demented, presumptuousness a reason to start an account on DU.

[beachbum bob]

33. i was laughing when I saw the title

.....but you know...this could actually turn out true...RNC is in trouble...and trump is asking for them to bailout his "self-funded" campaign

[L. Coyote]

34. The RNC is (basically) broke, too!

http://www.dailykos.com/stories/2016/5/31/1532837/-RNC-is-broke-too-basically

Trump's broke-ass campaign is relying on the Republican National Committee to do the actual work of electing him president. With the Bush and Romney money sitting on the sidelines, the RNC is not sitting on nearly enough cash to do the job: ............

One reason the Rs don't have a good candidate is the electoral math. They know there is no path to victory in a presidential race unless something really unprecedented occurs. That left them with a bunch of candidates in it to enhance their egos, brands, or personal/political reputation and a couple of nut jobs.
Oh, and a demented egomaniac who says he is a billionaire.

[beachbum bob]

35. big GOP donors not giving. They do have brains and see the same end result

no trump and a waste of their money. When Kochs bailed on supporting trump I suspect they bailed on supporting RNC too....many more rich conservatives around...but most just don't throw money away

trump really is the end of the GOP...deadparty walking