smartcooky
Penultimate Amazing
It already is, uploaded today!
(posting a link probably violates the MA so I won't but just go there and search the book title)
Trump Sues Bolton over Book Release
- Thread starter Meadmaker
- Start date
It already is, uploaded today!
(posting a link probably violates the MA so I won't but just go there and search the book title)
Elagabalus
Philosopher
- Joined
- Dec 23, 2013
- Messages
- 7,051
It's a bit of a snooze fest.
Safe-Keeper
My avatar is not a Drumpf hat
I thought he must have heard of the Streissand effect, but I suppose it has too many syllables.
Or he heard the term and got hung up on the name and started fantasizing about grabbing female parts instead of taking in the meaning.
Norman Alexander
Penultimate Amazing
It's a long-form diary with personal notes and a few happy-snaps of Bolton's overseas trips. Since it has words with more than one syllable and more than one paragraph of them, Trump will not have read any of it.
Segnosaur
Penultimate Amazing
what he fails to explain is that Trump used to be a big businessman until he lost all his money and became a small businessman. And he lost that money extraordinarily well.
timhau
NWO Litter Technician
He's never been a small businessman. Even his lie about being self-made except for a teeny weeny million dollar loan from dad shows that he's never even that world.
smartcooky
Penultimate Amazing
What he actually is, is a failed businessman.
I mean come on, it takes a very special kind of incompetence to fail at running a casino - owning one of those things as near as you'll ever get to having a licence to print money, yet he utterly failed at it. It makes me wonder if those casinos were set up to actually BE casinos, and not something else, such as a cover for laundering Russian mob money...
Oh, hang on...!
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slyjoe
Illuminator
Don't sell him short - he's had six bankruptcies:
Trump Taj Mahal Associates, Atlantic City casino — 1991
Trump Castle Hotel & Casino, Atlantic City casino — 1992
Trump Plaza Associates, Atlantic City casino — 1992
Plaza Operating Partners, Manhattan hotel — 1992
Trump Casino Holdings, Atlantic City casinos — 2004
Trump Entertainment Resorts, Atlantic City casinos — 2009
They are just the bankruptcies, the number of failed businesses is quite a list on its own right.
Gord_in_Toronto
Penultimate Amazing
- Joined
- Jul 22, 2006
- Messages
- 26,454
I can't be bothered to follow this up with any research on my part but did he actually have his own money invested in any of these ventures or did he just lend his name for a hefty fee and walk away with a pile of cash?
Mojo
Mostly harmless
Trump isn’t going to be happy with that, is he? Whether it is referring to the business or the man.
Mojo
Mostly harmless
slyjoe
Illuminator
I don't believe he has ever filed personal bankruptcy.
ETA: However, I think it was more than just lending his name. He managed the casinos (into the ground).
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He did have to hand over control of his finances to the banks for awhile and had to live off an allowance they paid him.
Craig4
Penultimate Amazing
Probably very little of his own money. He told Gary Cohn once that he frequently told lenders he'd put a 30 percent stake of his own money in projects and then borrow the 30 percent.
The Great Zaganza
Maledictorian
- Joined
- Aug 14, 2016
- Messages
- 29,759
Leaks suggest that for the half-billion loan coming due right now, Trump is personally on the hook.
slyjoe
Illuminator
Nothing is coming due "now". Over the next 4 years he has $480 million coming due, and some of that is personal.
Belz...
Fiend God
Don't forget the billion dollars he lost in ten years.
Squeegee Beckenheim
Penultimate Amazing
- Joined
- Dec 29, 2010
- Messages
- 32,124
So, just to be clear - Bolton can release the book, and may be in legal trouble due to the classified information issue? Seems like a win-win. Maybe we can get all profits donated to charity, while we're at it.
newyorkguy
Penultimate Amazing
trump protected his personal liability and raised money for these ventures. He was not personally on the hook for one penny. But he didn't lend his name to the casinos. He ran them. Ran them right into the ground. And not deliberately. The consensus is, he was a lousy businessman, one who was unrealistic about his market and his business plan. His plan just didn't work. He was warned that he was making fatal mistakes but he wouldn't listen to anyone or anything except himself.
It's the story of his life, currently playing on an international stage.
