IcebergSlim
Diamond Member
- Oct 11, 2013
- 10,886
- 9,142
Bankers do it all the time.......without it, your skyline would look entirely different...It's even worse than that......Trump lost the bank's money....then, mysteriously, wound up with a nearly 1 billion dollar loss carry forward...How might Trump pay for his wall? He's suggested a tax on goods imported from Mexico. Great, right? Well, just who buys goods imported into the U.S. from Mexico? It's not Mexicans or Canadians.
Why am I expected to pay for the Great Wall of Trump while Trump isn't?
Oh, suddenly you don't like complex tax codes?
Want to support ending them?
Do I like tax codes that make the taxpayer compensate Trump for losing almost a billion dollars in bad investments?
No, I don't
You try that, Home Gamers....
Investing in real estate is risky. Any banker that doesn't know that, is incompetent and should be fired.
In this particular instance, as I recall, Trump had personally guaranteed some of these loans...
but that has absolutely nothing to do with the fact that Trump took losses to which he should not have been entitled....and it raises questions about why his personal guarantee was acceptable (my guess is that, in some way, the banks were counting on Donny's daddy to bail him out.....as he had before), given that he could not possibly have had the net worth to deliver on it...
The reason he won't release his tax returns is because that particular scam is unlikely to play well with the part of his constituency which does NOT spend the bulk of its day, slack jawed, before FOX News...