Hillary on Trump: "How can anybody lose money running a casino?"

[Bill USA]

http://www.politico.com/story/2016/05/donald-trump-hillary-clinton-casinos-bankrupt-223486

[font size="3"]
"What little we know of his economic policies would be running up our debt, starting trade wars, letting Wall Street run wild, all of that could cause another crash and devastate working families and our country," [/font]the Democratic candidate told an audience at the Service Employees International Union's annual convention in Detroit. [font size="3"]"Trump economics is a recipe for lower wages, fewer jobs, more debt. He could bankrupt America like he's bankrupted his companies. I mean, ask yourself, how can anybody lose money running a casino? Really. "[/font]

Clinton remarked that she hears from families "every day" about what a Trump presidency would mean for immigrants living and working in the United States, particularly those in mixed-status families where children were born in the country but parents are perhaps undocumented. "We're talking about real people," Clinton said.

[font size="3"]“He’s talking about sending a deportation force to schools, workplaces and homes to round up moms, dads, grandparents, even children. When he talks about ending birthright citizenship, he’s talking about kicking children who are born here out of the only country they know," [/font]she said, referring to Trump's remarks in an interview with MSNBC's "Morning Joe" last November.
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[Downwinder]

1. What is Wall Street?

[puffy socks]

2. A casino with hugely better odds for players than a Las Vegas style casino? nt

[Downwinder]

8. And no tax.

Lehman Brothers is gone, it is not a sure thing.

[puffy socks]

11. Yep, never a sure thing

but beats slots Keno Craps!

Lehman temporarily shuffled $50 billion of troubled assets off its books in the months before its collapse in September 2008 to conceal its dependence on leverage.
Lehman bros borrowed $18bn to cover their robbing Peter to pay Paul schemes.

Greed is not good.

[Downwinder]

14. Bank robbers never get as much cash as the banks lose

in the robbery.

[Recursion]

19. A largely vacuous term people have used as a stand-in

for every aspect of the economy they don't like.

[Warren DeMontague]

3. That's a good line.

[Bill USA]

9. yeah! I'm hoping it keeps getting repeated throughout the campaign!

[ffr]

4. Time to make hay of anyone who supports Drumpf

How could anyone with an I.Q. above 10 support this guy? Fools. And dangerous fools at that!

[Bill USA]

15. the childishly vindictive could.(check out Ch Vind idiot comments on this thread)

[ffr]

18. It's a language that Dems don't understand

while talks to the soul of Reps. We ignore it. They are shamed by it.

[Autumn]

5. Wall Street.

[JaneyVee]

6. True. People literally hand them money for nothing in return.

[closeupready]

7. Your players 'break the bank'.

https://en.wikipedia.org/wiki/Breaking_the_bank

[vintx]

10. Nice one!

Hope to hear that one often... great way to succinctly remind voters that he is NOT a 'successful businessman' he is a con man

[scscholar]

16. This. Not successful!

Four different businesses had to declare bankruptcy.

[yawnmaster]

12. Low cost rib-eye buffets? eom

[truedelphi]

13. Drumpf and Republicans are waking up.

Far better to run a Charity Foundation, or else get themselves a high up position at State.

No need to worry about the mob, and a person can end up with an amount just shy of one billion to play with.

[Jim Lane]

17. It's not that clear-cut.

I think all or almost all of Trump's casinos have operated at a consistent profit if you examine only EBITDA (earnings before interest, taxes, depreciation, and amortization). They've shown a loss because Trump financed the acquisitions with high-interest junk bonds instead of putting his own money at risk. The interest payments tended to overwhelm the casinos' operating profits. In the ensuing bankruptcies, the biggest losers were generally the pigeons who'd been beguiled by the Trump name into buying the bonds.

Yes, Trump himself has had to accept some reductions in his percentage ownership of the companies, but he was also able to take money out of the companies before the bankruptcies. In some cases, he's received money or stock in exchange for allowing the continued use of his name even after he no longer had any other connection with the casino.

Trump personally has never declared bankruptcy. Is he, overall, a net gainer or a net loser from his casino involvements? I'll guess net gainer but it's just a guess. You'd probably need individual and corporate tax returns plus SEC filings plus casino regulatory authority filings plus a team of accountants and lawyers to say for sure.