gotsnowgotslush
skates like Eck
- Joined
- Dec 24, 2007
- Posts
- 25,720
Following the law of the land, is for little unimportant people.
Trump told a House Natural Resources subcommittee on Indian affairs that the people running tribal casinos “don’t look like Indians to me.” Eight years later, he defended that comment, adding that Indian casinos were “a scam” and that “Indian reservations really have hurt other places, like Las Vegas and like Atlantic City, which pay a lot of tax.”
http://www.theatlantic.com/politics/archive/2016/10/donald-trump-scandals/474726/
"...after insisting that his major qualification to build a new casino in Atlantic City was that he wouldn’t need to use junk bonds, Trump used junk bonds to build Trump Taj Mahal. "
"Trump’s Atlantic City casinos, the Trump Plaza, went bust after losing more than $550 million."
"By the time all was said and done, he had some $900 million in personal debt."
He used the $900 million dollar loss to avoid paying taxes for years.
Trump Hotels and Casino Resorts was $1.8 billion in debt. The company filed for bankruptcy and emerged as Trump Entertainment Resorts. Trump himself was the chairman of the new company, but he no longer had a controlling stake in it.
Five years later, after the real-estate collapse, Trump Entertainment Resorts once again went bankrupt. Trump resigned from the board, but the company retained his name. In 2014, he successfully sued to take his name off the company and its casinos—one of which had already closed, and the other of which was near closing.
"I’ve used the laws of this country to pare debt.”
Donald Trump
https://www.buzzfeed.com/kendalltag...ruptcy-filings?utm_term=.bh5P5GzkB#.jhGeR7Qnl
The Post reported that, in the Taj Mahal Casino bankruptcy, large institutions took the biggest losses, but “many small-time investors who had bought the bonds, directly or through retirement funds, also suffered losses … so did the small-business owners who sold Trump paint, equipment, food, limousine services, and much more. Many were eventually paid only a fraction of what they were due.”
A New York Times review of the court records, as well as other filings, found that despite his claims to the contrary, there is “little doubt that Mr. Trump’s casino business was a protracted failure.”
“Don’t forget, I’m the king of debt, I love debt,” he told Wolf Blitzer of CNN in May.
Tim L. O’Brien, executive editor at Bloomberg View and author of TrumpNation: The Art of Being The Donald, reported that Trump had a very different view of bankruptcy a decade ago. He “told me that he wanted to avoid bankruptcy at all costs because he felt that it would permanently taint him as a failure or a quitter,” O’Brien wrote.
gsgs comment-
Is there anything that Trump is involved in, that is not a scam ?
Trump wants everything for free. He gets it for free.
Everyone pays for what Trump wants,one way or another.
Some are paying with their lives.
Trump told a House Natural Resources subcommittee on Indian affairs that the people running tribal casinos “don’t look like Indians to me.” Eight years later, he defended that comment, adding that Indian casinos were “a scam” and that “Indian reservations really have hurt other places, like Las Vegas and like Atlantic City, which pay a lot of tax.”
http://www.theatlantic.com/politics/archive/2016/10/donald-trump-scandals/474726/
"...after insisting that his major qualification to build a new casino in Atlantic City was that he wouldn’t need to use junk bonds, Trump used junk bonds to build Trump Taj Mahal. "
"Trump’s Atlantic City casinos, the Trump Plaza, went bust after losing more than $550 million."
"By the time all was said and done, he had some $900 million in personal debt."
He used the $900 million dollar loss to avoid paying taxes for years.
Trump Hotels and Casino Resorts was $1.8 billion in debt. The company filed for bankruptcy and emerged as Trump Entertainment Resorts. Trump himself was the chairman of the new company, but he no longer had a controlling stake in it.
Five years later, after the real-estate collapse, Trump Entertainment Resorts once again went bankrupt. Trump resigned from the board, but the company retained his name. In 2014, he successfully sued to take his name off the company and its casinos—one of which had already closed, and the other of which was near closing.
"I’ve used the laws of this country to pare debt.”
Donald Trump
https://www.buzzfeed.com/kendalltag...ruptcy-filings?utm_term=.bh5P5GzkB#.jhGeR7Qnl
The Post reported that, in the Taj Mahal Casino bankruptcy, large institutions took the biggest losses, but “many small-time investors who had bought the bonds, directly or through retirement funds, also suffered losses … so did the small-business owners who sold Trump paint, equipment, food, limousine services, and much more. Many were eventually paid only a fraction of what they were due.”
A New York Times review of the court records, as well as other filings, found that despite his claims to the contrary, there is “little doubt that Mr. Trump’s casino business was a protracted failure.”
“Don’t forget, I’m the king of debt, I love debt,” he told Wolf Blitzer of CNN in May.
Tim L. O’Brien, executive editor at Bloomberg View and author of TrumpNation: The Art of Being The Donald, reported that Trump had a very different view of bankruptcy a decade ago. He “told me that he wanted to avoid bankruptcy at all costs because he felt that it would permanently taint him as a failure or a quitter,” O’Brien wrote.
gsgs comment-
Is there anything that Trump is involved in, that is not a scam ?
Trump wants everything for free. He gets it for free.
Everyone pays for what Trump wants,one way or another.
Some are paying with their lives.