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Mon Jul 18, 2016, 03:53 AM

 

BANKERS DISPUTE TRUMP'S STORY OF FINANCIAL COMEBACK

Donald Trump, who often says he only likes winners, tells one grand tale of loss: In 1990, he nearly went bankrupt and was forced to ask dozens of banks to whom he owed money to change the terms on their loans and forgive some of his debts.

It was, the real estate developer admits in his 1997 book "The Art of the Comeback," the darkest period of his professional life. In his telling, it's a story of redemption, of resilience, and proof of his exceptional negotiating skills and shrewd thinking.

Six people who participated in the loan workout negotiations have a different recollection, raising questions about a key part of the personal narrative that many of Trump's supporters have found compelling as he campaigns to be the next president of the United States on Nov. 8. On the campaign trail he has portrayed himself as a survivor and a master negotiator.

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The six bankers and lawyers involved in the talks say the bailout wasn't based on any overture Trump initiated with the banks—and the terms of the deal were dictated by what was best for the banks, not Trump.

Three of the participants say Trump didn't acknowledge he had a problem until his lenders reviewed his books, realized he was on the brink of collapse, and summoned him for debt restructuring talks.


http://www.newsweek.com/bankers-dispute-trump-account-financial-comeback-481210

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Reply BANKERS DISPUTE TRUMP'S STORY OF FINANCIAL COMEBACK (Original post)
Liberal_in_LA Jul 2016 OP
Skittles Jul 2016 #1
ReRe Jul 2016 #2
OnDoutside Jul 2016 #5
PJMcK Jul 2016 #3
1StrongBlackMan Jul 2016 #4
Eugene Jul 2016 #6
Dreamer Tatum Jul 2016 #7

Response to Liberal_in_LA (Original post)

Mon Jul 18, 2016, 04:04 AM

1. Trump is a con man

fuck all the idiots who cannot see through him

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Response to Skittles (Reply #1)

Mon Jul 18, 2016, 06:25 AM

2. I call him a "Flim-Flam Man."

Same thing as a con man. 1967 movie starring George C. Scott. Billed as a comedy.

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Response to ReRe (Reply #2)

Mon Jul 18, 2016, 08:20 AM

5. Flim-Flam Don

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Response to Liberal_in_LA (Original post)

Mon Jul 18, 2016, 06:58 AM

3. Donald Trump lied?!

It's really not shocking that Mr. Trump says anything he wants at anytime. Throughout his life, no one has ever contradicted him or they were fired, divorced or otherwise removed from his circle.

Hopefully, we have some journalists left in our country who will highlight his lies, incorrect statements and foolishness so the voters will understand who the real Donald Trump is. Otherwise, our country has a big trouble ahead.

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Response to Liberal_in_LA (Original post)

Mon Jul 18, 2016, 08:16 AM

4. Posted to for later.

 

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Response to Liberal_in_LA (Original post)

Mon Jul 18, 2016, 01:31 PM

6. Trump's bankers said as much back in 1990.

As they put it at the time, Trump was effectively bankrupt.
The only difference was that his creditors, not the courts, were
restructuring his finances.

Then as now, Trump was serving up the same bluster, bravado,
and outright horses**t.

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Response to Liberal_in_LA (Original post)

Mon Jul 18, 2016, 01:35 PM

7. He's nothing but a media personality. Pia Zadora with money. nt

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