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Topic Title: As its stock collapsed, Trump's firm gave him........
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Created On: 12/05/2018 08:08 AM
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 12/05/2018 08:08 AM
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nukeh2o

Posts: 8894
Joined Forum: 03/18/2016

your glorious "successful" businessman
"He had been pillaging the company all along," said Pignatello, who joined shareholders in a lawsuit against Trump that has since been settled. "Even his business allies, they were all fair game. He has no qualms about screwing anybody. That's what he does."

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It's a democratic hoax
 12/05/2018 08:46 AM
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scombrid

Posts: 18020
Joined Forum: 07/24/2003

This is the whole Trump Resorts and Casinos scam in a nutshell.
When it debuted that year on the New York Stock Exchange, Trump's company raised $140 million from investors, at $14 a share, and said the money would go toward expanding the Plaza and developing a riverboat casino in Indiana. But much of that money went to pay off tens of millions of dollars in loans Trump had personally guaranteed, filings show. Those loans were taken out before the company went public, but Trump's private fortune could have been at risk if they went unpaid. In less than a year, the company paid premium prices for two of Trump's deeply indebted, privately held casinos, the Trump Taj Mahal and the Trump Castle. In essence, he was both buyer and seller, able to set whatever price he wanted. The company bought his Castle for $100 million more than analysts said it was worth. Trump pocketed $880,000 in cash after arranging the deal, financial filings show.
Trump Taj Mahal and Trump Castle were going under and he was on the hook for an unbelievable amount of debt. His dad made the illegal "poker chip" loan to float the interest payments on those properties long enough to stave of foreclosure while he created the publicly traded company. He then got the public company that he controlled to buy the floundering properties. Nice little scam.

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 12/05/2018 08:50 AM
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tpapablo

Posts: 43826
Joined Forum: 07/25/2003

Trump's a businessman!!? The horror! Well, if I had known that, I would have voted for Hillary. Hahahaha. Get a clue, guys. In the meantime, spare us your Trump obsession. Thanks.

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I :heart; Q
 12/05/2018 09:12 AM
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nukeh2o

Posts: 8894
Joined Forum: 03/18/2016

Originally posted by: tpapablo

Trump's a businessman!!? The horror! Well, if I had known that, I would have voted for Hillary. Hahahaha. Get a clue, guys. In the meantime, spare us your Trump obsession. Thanks.


"Trump's bid for the White House relied heavily on his ability to sell himself as a master businessman, a standout performer in real estate and reality TV."
How many bankruptcies? How many investors, bankers, contractors, chump u students, defrauded ripped off and blatantly stiffed?

Oinkafella is "too dumb for his own good...."
Piggy makes silly statements about his beloved "obsession" with pig/froggies on a steady basis.
On the Search the Forum panel, enter the word "progs". Textbook example of an "obsession"? We'll leave it to the jury, i rest my case....
duuhhhh.......


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It's a democratic hoax
 12/05/2018 09:13 AM
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RustyTruck

Posts: 33300
Joined Forum: 08/02/2004

Absolutely, why would anyone be so interested in the criminal activity of the potus?

No emperor with such handsome new clothes could be capable of such nefarious deeds.

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Capitalism is based on the ridiculous notion that you can enjoy limitless growth in a closed, finite system.

In biology, such behavior of cells is called "cancer".
 12/05/2018 02:32 PM
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Cole

Posts: 68176
Joined Forum: 07/22/2003

Criminal then, criminal now, only the stakes are much, much higher.

Thanks Trump voters.

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I was right.
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