This is how Trump might win

Discussion in 'Politics' started by RCG Trader, Apr 13, 2011.

  1. So then his business is founded on the perception that he is a billionaire? And people would otherwise not associate with him and would regard him as hideous? He's a "billionaire" because people think he's a billionaire? Fascinating. The Positive Mental Attitude legal maneuver.
     
    #21     Apr 13, 2011
  2. Pekelo

    Pekelo

    I might have lowballed his worth with my 800 mill, here is a breakdown by Forbes from 2008, although the real estate slump could have taken out a nice bite since:

    http://www.forbes.com/2006/09/20/trump-wealth-biz_06rich400_0921trump.html

    Now what we can bet on is that he will never put up his own money for financing a presidential run, he is smarter than that. If other people raise it for him the amount, sure, he will run. But on his own money???

    In 2008 he was late by a mere 40 mill to a German bank, and when he got sued, he claimed "an act of God". Does it sound like a billionaire behaviour???

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    Trump has been caught in the 2008 financial crisis as sales for his Trump International Hotel and Tower in Chicago have been lagging and he failed to pay a $40m loan to Deutsche Bank in December. Arguing that the crisis is an Act of God, he invoked a clause in the contract to not pay the loan and initiated a countersuit asserting his image has been damaged. Deutsche Bank has in turn noted in court that 'Trump is no stranger to overdue debt' and that he has twice previously filed for bankruptcy with respect to his casino operations.
     
    #22     Apr 13, 2011
  3. Hello

    Hello

    My mistake, never knew about this.

     
    #24     Apr 13, 2011