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Another Trump Co Bankruptcy Filing Imminent
The man who spends 120% of his time between fixing his hair, discussing his presidential chances on CNBC and filing for bankruptcy has done it again.
- TRUMP'S PANAMA OCEAN CLUB MISSES BOND INTEREST PAYMENT
It sure puts our commentary on the Donald's morning CNBC appearance into perspective.
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whoever invests with this asshole deserves what they get
I've often wondered how he's still operating considering his speckled past of poor post management on any of his deals.
Can anyone name a project of his that's lasted longer than a year...two years...that hasn't gone broke. I know he was the "art of the deal" asshole in the 80's with NYC real estate. What has he honestly done that has created any net benefit for anyone, including himself, in the last 25 years?
They've just been trumped.
http://journey-to-alpha.blogspot.com/2011/11/who-is-still-holding-toxic-italian-debt.html
What has he honestly done that has created any net benefit for anyone, including himself, in the last 25 years?
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Perhaps he's singlehandedly responsible for men opting for baldness as a fashion style...
+1 for my old friend Ralph. Who no matter what is not as ugly as donald stump.
Trump keeps operating because he changed his MO after hitting the wall in the early '90s. He now has neglible if any of his own equity in the majority of his ventures (e.g. Trump International Hotel & Tower in Chicago), preferring to earn management and licensing fees while using OPM to fund development. With no skin in the game, Trump is happy to roll the dice and lever his investments to absurd levels. Trump has borrowed gizillions over the years from the public HY market and stiffed investors on numerous occasions. You would have thought investors would have learned that once bitten, twice shy.
But, CPL, you could be describing so many corporate "heroes" today, as well as all those flibbertigibbets who dare call themselves economists (at MIT, Harvard, Princeton and Yale) who have never gotten anything in their lives right or correct!
Feldstein at Harvard? What a shill.
Ferguson at Harvard, another two-pence shill?
Two clowns from MIT who recently wrote one of those pre-financed Wall Street propagada drivel books, claiming the offshoring of jobs has had no effect on the job market, it's automation that's too blame?
(Evidently, arithmetic isn't their strong suit at MIT, especially judging by those previous clowns like Samuelson and Thurow.)
Peddling junk paper, offshoring jobs, importing foreign scab labor (shades of the historic animus to the Alien Contract Labor Act of long ago), doing leveraged buyout "pump-and-dumps" --- when was the last time you met or heard of an American CEO who knew anything whatsoever about business, production, innovation? (And yes, Steve Jobs may have been a standout, but look at the lack of any real competition?)
And if the "investor" just happens to be a TBTF bank, they deserve a bailout. Fuck you Ben!
Oceanclub $7K a square meter, boom times in little old Panama..what possibly could go wrong with local banks loaning now a maximum of 1200 a meter.....
It was doomed from day one. Anyone in Panama City could have told you that, but The Donald prolly skimmed about $20 million off the top.
No wonder he joyfully accepted that little cunt Jared Kushner into his family.
http://en.wikipedia.org/wiki/Jared_Kushner
Jew it up Donny!
I agree with you completely, except I think we should show a lot more respect if not reverence for "cunts".
Just one mans opinion ....
you forgot "sleep with call girls"
...and any one who contracts with this asshole. I personally know several contractors in South Jersey who lost their businesses because of Trump.
Let him try to declare bankruptcy in Dubai, and see what the Arabs do to his ass.
this has always been part of his strategy, but, most people didn't notice it. newyorkers understand it much better.
http://expose2.wordpress.com
Truth. Possibly the biggest con-man/empty suit/promoter/bullshit artist of all time.
Which makes him the PERFECT Presidential candidate. He's almost over-qualified.
Make that F****king asshole .....
You meant "hair"
Hey, a little respect... He paid good money for that muskrat.
Next, you'll be complaining about his girlfriend's store bought titties.
No complaints here.
Anyone who invests with this douche deserves to lose their money. How many bankruptcies idoes this make?
Countless by my memory.
He's sold more junk bonds on himself than enron.
What is this number five?
Same number that my sister had husbands. She keeps "getting the House" as well. Perhaps she and the Donald are connected somehow?
You just can't make this stuff up. And yes, CNBC, get that guy back on.
He's got some 'splainin' to do.
Someone cut this guy off.
I agree with that scary clown dude....
Gimme a 'T'
Gimme an 'R'
Gimme a 'U'
Gimme an 'M'
Gimme a 'P'
What's that spell?
BROKE!
Perhaps he was better qualified for modern government than I had originally anticipated.
Trump missing a coupon payment. Quelle surprise.
He's FIRED!
But did he get a Groupon payment? He did recommend a bank stock a few weeks back...
say, could you pass the grey poupon, please?
trump just loves to give bald guys haircuts, too!
But, but ... he's a celebrity!
Ya gotta love this guy. A scammer's scammer.
Yep, the con man that other con men strive to be.
Chased a gringo last night through a field...
http://www.youtube.com/watch?v=bzQApZWlxgw
did u post this just to make us feel better?
Donald Trump is the poster child for why there should be higher inheritance taxes in the USofA.
He lost all of that money years ago!
Gotta give him credit for his ability to work all of his ties with unions, governments, mafia, contractors, etc...
He's like the PT Barnum of the high-end real estate world.
Does this mean he can't be President? Dang.
Perhaps it is better to look good, than to feel good.
Good. Trump has the taste of a bedouin whore and the wig of a homeless person. He has pissed all over the city with gold and obsidian kklahhsiness.
My comment on Zh from three months ago...
The Donald knows how to game the system...the real estate, bankruptcy, B list celebrity system that he operates in. Wearing that roadkill on his head can't shield him from a good old fashioned market drubbing. Sorry Donald stick to your go-to(runnning businesses into the ground and reality TV, Hey Jim Cramer and Glenn Beck are doing just fine!)
good to see he's getting back to his bread and butter.
Oh no, it's just a "tactical business decision, he meant to miss that payment";
He's never filed for bankruptcy- just ask him.
Dad must be so proud- Trump turned his silver spoon to tin, brags about it.....
Guess who's getting fired now fuckface...?
was this another casino? how the hell do you run a casino into the ground? that shouldn't even be possible...it's a casino, the house wins what, 90% of the time on these games? I mean people walk in the door, throwing down large sums of money knowing already that they are most likely going to leave with less than they started.
It's the one place where people go to lose money for the fun of it...how do you mismanage that idea so badly that you have to file chapter 11?
this guy would have been perfect for 2012...
The bigger question is why did anyone ever buy this mans bullshit?
This is a phenominal opportunity to own Panamanian real estate gold.
This guys finances have had more hits than the Beatles
He's a member of the too big to fail club.
Not a big fan of Trump but get your facts straight before posting. Doubt he even had much of an equity stake. As for the debt probably not at all. Pretty much marketing only for Trump on most deals partlcularly out of the US. This Tyler might want to do a little due dili to confirm Trump is on the note.
Back to your worthless discussions on gold or oligarchs.
I personally don't know the facts regarding this investment in Panama and I don't care what the hell they are. I hope he got a good retainer for lending his name to the enterprise though. Is it all show? Oh, by the way, what are the facts for those who might care?
yeah, if only Trump could catch a break... And we followed Gordon Brown's priceless move a decade ago.
dtrump@you'refired.com
The Donald,
You're fired! Nothing personal, it's just business. By the way, love your hair.
regards,
-vegas
http://vegasxau.blogspot.com
CNBS is the station for criminals. They currently have several on staff and have had a long running affair with the Trumpster, Stanford, Corzine, and others. They did a s[pecial on that little weasel Tim Blixseth once before he went tits up. The station is a comedy including their very own assclown, Cramer
In all fairness, Trump doesn't own the property. He merely leased out his name. He doesn't have any financial stake in the property. I've been there and looked at it. So I have some firsthand knowledge of it.
hooray, trump gets it:
start a company, financing up to nose, pocket the cash, go bankcrupt, screw the stupid bond holder.
it occurs to me he's got a particular method of doing business that seems to have worked for many years. the constant self promotion and tough talk blind his bond holders to his true lack of abililty. clearly he's been able to enrich himself with this act. too bad there are new suckers born every minute.
Trump is a genius...long ago he realized what the Fed and politicians are just coming to grips with. That is that you come up with grand schemes with huge ROIs...get banks and investors to load up, build the thing, go bankrupt, wipe off the dept and keep a minority holding...onto the next project....if you or I tried this we would be living with the cats under the Atlantic City boardwalk but not this guy...
Funny how this guy screws over the system and he is burned at the stake (read some of the comments). But oh, Trump does it and he is patted on the back as a shrewed businessman.
#WINNING!
poster boy for fuck wits anonymous
No congressional insider theft account at risk . No bailout for you . Panama has the best beaches .
my old bond class professor absolutely hated trump and this was 25 years ago. he said trump always ended a project with a bnk or a threat of bnk to redo the deal......
When I worked at an investment bank we would never do business with Trump. To quote my boss "there wasn't an indenture that could contain him".
Dont forget that when debt is defaulted on it is THE SAVERS that lose, the responsible people who have deferred consumption in the hopes of future gratification, the BEDROCK of Capitalism. When credit is so misallocated and given in huge quantities to these clowns like trump and all these real estate "magnates" who just had access to the huge credit amounts to buy up all this real estate crap , this is sickening. Time for major changes.
Well he certainly appears to be qualified to be President. In what country was he born? Is Hell a country?
Not sure it's a country, but I'll bet it's less ugly than Queens.
So greece and italy cannot default - but Trump can make a habit of it?
Where are the calls for an end to the 'socialist hairpiece' or the demands to curtail the "excessive Trump pension" - or perhaps the calls to insist that "debtors should be FORCED to pay" and when will we see an Italian dictator imposed on Trump to extract the wealth for his creditors?
Either Capitalism works for all - or it doesn't work.
People should consider the differences between these two defaults - and why the Trump is allowed to walk away but nations cannot.
We will be handing 'Trump islands' over to the creditor? or will this all have been pre-seperated into neat little limited losses for Trump?
Just like that awful American show I saw the other day - these 'rich' plead poverty - but they have no idea what it is.
Why? Because a sovereign default would undermine confidence in the criminals in charge, leading to widespread chaos (something they'd rather dish out piecemeal over time in certain places).
It's all about maintaining the facade. Eventually, things will get so bad, that people will demand a different facade, and (un)fortunately??? they will get it.
As for Trump, anyone who still "invests" with him, gets what they deserve.
YEAH THE SUCKER WHO ALSO BOUGHT DEAD BANKRUPT BANK OF AMERICA SHARES
Lawrence O'Donnell called out this fraud on his show a few weeks ago, he's nothing more than a actor who plays a millionaire on television.
http://www.youtube.com/watch?v=6RPX5EIVOTs
(I'd bang the shit out of his daughter, though. But I'm obv not in her price range. Of course, she's married to some meritocratic NYSE banker.)
In business matters, Donald Trump's confidence exceeds his ability in every conceivable way.
The Donald eats shit.
No worry, Trump will come out telling people his is a Billionair.
Oh can someone do a hitler hear trump file bk again piece? LOL that should be easy to do and should be funny like hell.
BTW, donald should start a new reality show "Sleeping with stars". I bet he will make billions of it. Totally will beat girls gone wild.
No worry, Trump will come out telling people his is a Billionair.
Oh can someone do a hitler hear trump file bk again piece? LOL that should be easy to do and should be funny like hell.
fascinating.
"At least THEY don't screw each other over', to quote one of my more switched-on former employees...
<iframe width="560" height="315" src="http://www.youtube.com/embed/2s1MspmfEwg" frameborder="0" allowfullscreen></iframe>
I wonder what ever happened to that girl. She had some fairly strong views on bad investments--for a new hire.
It is only one portion of the deal, the latest.. if memory serves and it is Trump only in name..
Trump sold his name for branding purposes.. as much as he is hated here in America.. the Mexican's / other.. all Love him.. he is just thier style!
So? who wants to buy some defaulting paper in Panama @ 14%??? LULZ!!
VIVA EL Trump"O"!
With little equity in his businesses, I'm sure Mr. Trump makes most of his money shorting the bonds his companies emit.