General Discussion

Buns_of_Fire

(19,182 posts)

17. Along with its corollary:

Tue Nov 27, 2018, 04:30 PM

Nov 2018

If you owe the bank $50,000, you have a problem.

If you owe the bank $50,000,000, the bank has a problem.

(Who would want to be known as being on the loan committee of a bank stupid enough to loan Rump fifty million?)

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Trump Has No Real Assets. He Lives Through Debt. [View all] MineralMan Nov 2018 OP

All these transactions he brags about, 40 million dollar apartments sold to Saudi's etc Eliot Rosewater Nov 2018 #1

Trump is now selling influence. MineralMan Nov 2018 #5

Isn't he protected by incorporation? GopherGal Nov 2018 #25

The old saying is unfortunaltely true DFW Nov 2018 #2

Along with its corollary: Buns_of_Fire Nov 2018 #17

And so who was more stupid? DFW Nov 2018 #18

I think we're talking about Justice Anthony Kennedy libdem4life Nov 2018 #30

The timing of Kennedy's departure is itself worth an in-depth investigation DFW Nov 2018 #37

Yes.There is definitely something there...but in the scope of things? libdem4life Nov 2018 #38

Another version: if you owe the bank fifty thousand dollars, the bank owns you. tblue37 Nov 2018 #43

We'll soon find out when Maxine Waters gets his tax returns. vlyons Nov 2018 #3

Technically it's not Maxine Waters that will get them Calista241 Nov 2018 #12

So, does that debt pass to his wife/kids or just evaporate, when he's gone? Siwsan Nov 2018 #4

Passes, I think. But they'll just do the same thing. MoonRiver Nov 2018 #6

It is incomprehensible, to me Siwsan Nov 2018 #8

He learned at the knee of his Nazi daddy, master of all things con and criminal. MoonRiver Nov 2018 #20

Becky Sharp lives one step ahead of her debt in "Vanity Fair." nt tblue37 Nov 2018 #44

True Siwsan Nov 2018 #45

I don't know, to tell you the truth. MineralMan Nov 2018 #9

Personal debt isn't inherited. The Velveteen Ocelot Nov 2018 #27

He has admitted as much. Caliman73 Nov 2018 #7

trump's word is worthless and so traditional lenders will not lend to him Gothmog Nov 2018 #36

Darn we do see Wellstone ruled Nov 2018 #10

I don't doubt it. It needs to be totally exposed. LiberalFighter Nov 2018 #11

So he is the personification of the Ponzi Scheme.. Dyedinthewoolliberal Nov 2018 #13

Yeah, pretty much. MineralMan Nov 2018 #14

Excellent book title..get busy writing SoCalDem Nov 2018 #15

I don't have enough knowledge to write that book. MineralMan Nov 2018 #16

There are other legal structures that are easier than Ponzi schemes Gothmog Nov 2018 #35

Unfortunately, he's running the country in the same way. Vinca Nov 2018 #19

Yes. And his tax cuts for the wealthy was him skimming off the top lunatica Nov 2018 #21

How? ProfessorGAC Nov 2018 #39

Like I said lunatica Nov 2018 #40

But The Debt Still Exists ProfessorGAC Nov 2018 #41

The debt works for him lunatica Nov 2018 #42

Well, I Get That ProfessorGAC Nov 2018 #49

"Die before everything comes due..." jcgoldie Nov 2018 #22

The Art of the #CrookedDeal Blue Owl Nov 2018 #23

+1000 Power 2 the People Nov 2018 #24

So how does that work out if you have to do all your business from prison? Kablooie Nov 2018 #26

He increases his debt because he never pays his debts True_Blue Nov 2018 #28

He's a money launderer. A HERETIC I AM Nov 2018 #29

Supposedly in his will he leaves $300 million to each of his kids FakeNoose Nov 2018 #31

+1. Most real estate promoters I've seen are always looking for the next deal and loans. Hoyt Nov 2018 #32

In this case, a margin call is now required Just a Weirdo Nov 2018 #33

We need to see the trump's tax returns Gothmog Nov 2018 #34

How come Clinton did not mention a word of this in the 2016 campaign? former9thward Nov 2018 #46

What would she have said? MineralMan Nov 2018 #48

He lives off unofficial Russian debt Buckeyeblue Nov 2018 #47