Trump-$1.2 Billion In Core Business Losses

[BWK]

Face it Trumpies, your boy is clueless.

If he really burns yalls ass’s so I’m okay with the guy.

^^^ another Putin’s Bitch comes out of the closet ^^^

Like I said, it REALLY burns y’all ass’s so I’m okay with it.

Trump's ass got burned when he lost a billion dollars over ten years. That doesn't burn my ass, but I'm sure it burned his.

 

[Polishprince]

People who make above minimum wage are not doing fine with school tuition and orthodontics. That is a mathematical fact.

Depends on how far above. A little bit above, of course you are right. People making enough to be considered middle class are continuing to pay their bills under Trump. The success of companies like Align Technologies proves my point.

 

[Papageorgio]

Soros lost a billion in a few weeks. Just part of the game that the rich play.

It is one thing to lose money

In 1995 Clinton loosened up the housing rule and rewrote the CRA , which put added pressure on banks to lend in low-income neighborhoods.

The CRA had nothing to do with the housing collapse & near financial meltdown.

The CRA had nothing to do with the housing collapse & near financial meltdown.

So a law passed in 1977 sat silently in hiding & then leaped & pounced in 2006 - 2008 & created the worst recession in 80 years.

Great thinking.

Studies show the the percent of failed CRA loans among all mortgage loans during the collapse was no different from the percent of all mortgages that were CRA.

Seriously? LOL!!!! Thanks for the laugh!!!!

Yeah, seriously. It wasn’t the CRA as much as you desperately want to scapegoat low income people wanting a piece of the American dream. The fault is ALL with the banks that mixed good loans with bad. (1 ecoli lettuce among the good ones)

It wasn't just CRA, never said it was just CRA, there were many many issues and that played a part. Now, are you talking about the banks we bailed out? Those banks? The ones that were going to be held accountable and nothing happened to them? Those banks? Great plan, banks cause a recession and we bailed them out. Only politicians who were paid off by banks would think like that.

 

[Faun]

It is one thing to lose money
The CRA had nothing to do with the housing collapse & near financial meltdown.

The CRA had nothing to do with the housing collapse & near financial meltdown.

So a law passed in 1977 sat silently in hiding & then leaped & pounced in 2006 - 2008 & created the worst recession in 80 years.

Great thinking.

Studies show the the percent of failed CRA loans among all mortgage loans during the collapse was no different from the percent of all mortgages that were CRA.

Seriously? LOL!!!! Thanks for the laugh!!!!

Yeah, seriously. It wasn’t the CRA as much as you desperately want to scapegoat low income people wanting a piece of the American dream. The fault is ALL with the banks that mixed good loans with bad. (1 ecoli lettuce among the good ones)

It wasn't just CRA, never said it was just CRA, there were many many issues and that played a part. Now, are you talking about the banks we bailed out? Those banks? The ones that were going to be held accountable and nothing happened to them? Those banks? Great plan, banks cause a recession and we bailed them out. Only politicians who were paid off by banks would think like that.

LOL

Your own link said it wasn't the CRA at all.

 

[Indeependent]

A Deal Maker in Financial Distress


Every year from 1985 through 1994, Donald J. Trump reported a negative adjusted gross income on his tax returns. That number grew as new losses were combined with those from prior years. The New York Times previously found that Mr. Trump declared an adjusted gross income in 1995 of negative $915.7 million.

1987: “I don't do it for the money. I’ve got enough, much more than I’ll ever need.”

1990: “It’s been good financially.”

Rich Harris and Andrew Rossback/
The New York Times



About two weeks before the stock market crash of Oct. 19, 1987, he spent $29 million on a 282-foot yacht. Months later he bought the Plaza Hotel for $407 million. He recorded $42.2 million in core business losses for 1987, and $30.4 million for 1988.

In 1989, he bought a shuttle operation from Eastern Airlines for $365 million. It never made a profit, and Mr. Trump would soon pump in more than $7 million a month of his dwindling cash to keep it airborne, New Jersey casino regulators, who closely monitored his finances in those years, found.

Mr. Trump’s business losses that year soared to $181.7 million.

Then came the Trump Taj Mahal Hotel and Casino, which opened in April 1990 saddled with more than $800 million in debt, most at very high interest rates. It did not generate enough revenue to cover that debt, and sucked revenue from his other casinos, Trump’s Castle and Trump Plaza, pulling them deep into the red.

As a result, 1990 and 1991 represented the worst years of the period reviewed by The Times, with combined losses of $517.6 million. And over the next three years, as Mr. Trump turned over properties to his lenders to stave off bankruptcy, his core businesses lost an additional $286.9 million.

The 10-year total: $1.17 billion in losses.

As a result, 1990 and 1991 represented the worst years of the period reviewed by The Times, with combined losses of $517.6 million. And over the next three years, as Mr. Trump turned over properties to his lenders to stave off bankruptcy, his core businesses lost an additional $286.9 million.

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

"The new information also suggests that Mr. Trump’s 1990 collapse might have struck several years earlier if not for his brief side career posing as a corporate raider.

"From 1986 through 1988, while his core businesses languished under increasingly unsupportable debt, Mr. Trump made millions of dollars in the stock market by suggesting that he was about to take over companies.

"But the figures show that he lost most, if not all, of those gains after investors stopped taking his takeover talk seriously."

Don the Con is the biggest fraud in US History.

You must really hate Warren Buffet.

You must really hate Warren Buffet.

Why do you worship stupidity?

Lol
And he still kicked the shit out of you progressives...

Lol
And he still kicked the shit out of you progressives...

Trump is still the King of Losers

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

"The 10-year total: $1.17 billion in losses.

"Mr. Trump was able to lose all that money without facing the usual consequences — such as a steep drop in his standard of living — in part because most of it belonged to others, to the banks and bond investors who had supplied the cash to fuel his acquisitions.

"And as The Times’s earlier investigation showed, Mr. Trump secretly leaned on his father’s wealth to continue living like a winner and to stage a comeback."

Cool...why didn’t they ask for it?

 

[ph3iron]

The NYT got hold of “transcripts” from Trump’s tax returns from the late 80’s and early 90’s.

He lost a shit ton of money. A top money loser. One of America’s biggest losers.

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

This is damning.

Not to the white rube cult.

 

[ph3iron]

The NYT got hold of “transcripts” from Trump’s tax returns from the late 80’s and early 90’s.

He lost a shit ton of money. A top money loser. One of America’s biggest losers.

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

This is damning.

It isnt damning at all. Under Clinton, Bush and Obama, they lost over 16 Trillion dollars. President Trump inst even in the big leagues compared to them.

Clinton - Bill Clinton: Added $1.396 trillion, a 32 percent increase from the $4.4 trillion debt at the end of George H.W. Bush's last budget, FY 1993.

Bush - George W. Bush:President Bush added $5.849 trillion, the second-greatest dollar amount. It was the fourth-largest percentage increase. Bush increased the debt by 101 percent from where it started at $5.8 trillion on September 30, 2001. That's the end of FY 2001, which was President Clinton's last budget.​

Obama - Barack Obama: Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74 percent increase was the fifth-largest. Obama's budgets included the economic stimulus package. It added $831Billion by cutting taxes, extending unemployment benefits , and funding public works projects.

​

You are very confused.

Not at all, those three liberals lost trillions of our dollars, while Donald J Trump lost a measly 1 billion dollars. Do you know the difference between 16 trillion and 1 billion?

16,000,000,000,000
…...….1,000,000,000

it is like 1 dollar to 16 thousand dollars. Big damn difference punk.

Punk.
Dead giveaway for zero college white rube.
I thought the cons deficits were records?
So you are comparing individual with a country?
How dumb can you get?

 

[WEATHER53]

Seems like possession of stolen property and use of it for profit would be a crime.

 

[Papageorgio]

The CRA was passed under Carter you stupid fuck.

You don't know shit about economics.

read it slowly, did I say CRA?

Clinton rewrote the CRA and that in turn put pressure on lending institution to make the loans to unqualified buyers.

No he did not.

You are wrong about the CRA,. Are you stupid or lying.

The CRA said banks needed to use a percentage of their profits to help those in their neighborhood who could not meet the going standards for a mortgage. Banks could lower the interest rates or reduce the down payment, but the borrowers STILL HAD TO SHOW THEY COULD MAKE THESE REDUCED PAYMENTS.

They were then QUALIFIED under thse4 new terms.

Quit lying. Quit pretend to be an expert on economivcs. And please,-get a fucking education./

I am done showing you any respect. Here are a couple links to reputable sites explaining what happened under Clinton with the CRA. If you don't understand what it all means have a seven year old sit down with you and explain it to you. If you have trouble understanding that, we can have Tommy come and hit you over the head with a tack hammer.

Now, you get a fucking education, you asshole!

Community Reinvestment Act of 1977 | Federal Reserve History

In 1993, President Clinton directed regulators to review and revise the regulation to address concerns about the perceived costs of compliance and its emphasis on process over outcomes. The new CRA rule, adopted in 1995, streamlined the review process for small banks (assets under $250 million) and established new criteria to assess performance in lending, investments, and services in LMI communities. Other legislative and regulatory changes also have been enacted over the years.

25 People to Blame for the Financial Crisis - TIME

He also signed the Commodity Futures Modernization Act, which exempted credit-default swaps from regulation. In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods.

What a pity you don't understand your own links...

Following the financial crisis of 2007-08, some critics of the CRA argued it had contributed to the mortgage crisis by encouraging banks to make loans to riskier borrowers. There is some evidence that CRA lending standards were relaxed in the mid-1990s; however, the bulk of defaulted mortgages during the foreclosure crisis were originated between 2004 and 2007. In addition, many of those loans were issued by mortgage lenders not subject to the CRA. Overall, the available evidence suggests the CRA was not responsible for the subprime crisis (Haltom 2010).​

I disagree, and the link wasn't used as evidence of the CRA creating the crisis as much as showing Clinton change the CRA and put pressure on banks to make the loans that could not be paid back.

Government Policies Caused The Financial Crisis And Made the Recession Worse

Who to blame for the Great Recession? So many big names are in the frame

25 People to Blame for the Financial Crisis - TIME

Many economist believe CRA contributed, not the sole reason for the meltdown. I agree with them.

 

[TroglocratsRdumb]

The Great Recession was caused by people getting mortgage loans that they could not pay back.
They got those loans because of Democrat policies

 

[deanrd]

Why don’t Republicans care that Trump is a business failure?

 

[TroglocratsRdumb]

The Democrats who run Fannie Ma and Freddie Mac made $MILLIONS$
Fannie Mae, Freddie Mac and the 2008 Credit Crisis
Rahm Emanuel's profitable stint at mortgage giant
Mistress of Disaster: Jamie Gorelick

 

[TroglocratsRdumb]

Why don’t Republicans care that Trump is a business failure?

umm Trump is a billionaire and you aren't

 

[WEATHER53]

Why don’t Republicans care that Trump is a business failure?

Because he’s a huge success. Again an effort to have feelings, or wishes, trumping facts.

 

[deanrd]

The Democrats who run Fannie Ma and Freddie Mac made $MILLIONS$
Fannie Mae, Freddie Mac and the 2008 Credit Crisis

So that was like what more than 10 years ago?

The Democrats who run Fannie Ma and Freddie Mac made $MILLIONS$
Fannie Mae, Freddie Mac and the 2008 Credit Crisis
Rahm Emanuel's profitable stint at mortgage giant

Why does your kind always do that? Instead of defending your president you try to attack Democrats from some imaginary situation a decade or more ago.
Is that because the president is indefensible?

 

[deanrd]

Why don’t Republicans care that Trump is a business failure?

Because he’s a huge success. Again an effort to have feelings, or wishes, trumping facts.

Actually, he’s not. He got almost a half $1 billion from his dad. And he was good at bankruptcy with like six.

Only Republicans define losing money and bankruptcies as success.

Oh my God! Is that what they’re doing? Trying to bankrupt this country because they see that as a success? That would explain so much!

 

[TroglocratsRdumb]

The Democrats who run Fannie Ma and Freddie Mac made $MILLIONS$
Fannie Mae, Freddie Mac and the 2008 Credit Crisis

So that was like what more than 10 years ago?

The Democrats who run Fannie Ma and Freddie Mac made $MILLIONS$
Fannie Mae, Freddie Mac and the 2008 Credit Crisis
Rahm Emanuel's profitable stint at mortgage giant

Why does your kind always do that? Instead of defending your president you try to attack Democrats from some imaginary situation a decade or more ago.
Is that because the president is indefensible?

The point is that Trump was also screwed-over like the middle class was by the Democrat Great Recession

 

[Seawytch]

It is one thing to lose money
The CRA had nothing to do with the housing collapse & near financial meltdown.

The CRA had nothing to do with the housing collapse & near financial meltdown.

So a law passed in 1977 sat silently in hiding & then leaped & pounced in 2006 - 2008 & created the worst recession in 80 years.

Great thinking.

Studies show the the percent of failed CRA loans among all mortgage loans during the collapse was no different from the percent of all mortgages that were CRA.

Seriously? LOL!!!! Thanks for the laugh!!!!

Yeah, seriously. It wasn’t the CRA as much as you desperately want to scapegoat low income people wanting a piece of the American dream. The fault is ALL with the banks that mixed good loans with bad. (1 ecoli lettuce among the good ones)

It wasn't just CRA, never said it was just CRA, there were many many issues and that played a part. Now, are you talking about the banks we bailed out? Those banks? The ones that were going to be held accountable and nothing happened to them? Those banks? Great plan, banks cause a recession and we bailed them out. Only politicians who were paid off by banks would think like that.

It wasn’t the CRA AT ALL. Had nothing to do with it.

Yeah, the banks that got bailed out caused the crisis. Not bailing them out would have created a worse crisis. Some politicians tried to fix the issues that led to the banks needing a bailout. It was called Dodd/Frank and Republicans hate it.

 

[Vandalshandle]

Why don’t Republicans care that Trump is a business failure?

What? You mean that you would not hire a financial consultant to handle your money who lost over 1 billion dollars in ten years, and is a pathological liar? What's wrong with you?

 

[sealybobo]

We will have to make up for the Trump tax breaks to the rich and our tax breaks will have expired.

Pelosi and AOC haven't produced a bill to make the middle class tax cuts permanent? Weird.

Hell how many people I know thought their retirement age was 65 and just recently they found out Reagan in the 80's raised it to 67 for people their age.

Darn that Reagan, sneaking in that change in 1983 and not telling your moron friends.

Funny how the Dems aren't upset with Pelosi or AOC for not raising the minimum wage, for not making the middle class tax cuts permanent. They seem content just to try to secure the 2020 elections. Like I have said, party over country.

Ha ha. What an idiot you are.

The federal minimum wage was last raised on July 24, 2009

Democrats didn't think anyone needed a tax cut. We need to build infrastructure and strengthen social security. A program you no doubt are going to heavily rely on.

The Minimum Wage has nothing to do with the Middle Class. Even if the minimum wages was more than doubled to $15, the recipients wouldn't be "middle class" People who only earn $15 an hour are scraping by and can't afford school tuition and orthodontic bills, the mainstays of Middle Class Financial life.

Which is why Republicans were right when the unemployment rate with Obama was so low, thanks to the stimulus that Trump takes credit for in his own historic unemployment lows, wages continue to be flat. Which is why people can't afford tuition and orthodontic bills. Unfortunately, as Republicans stated in the past with Obama, many of the jobs associated with the unemployment lows were minimum wage jobs. Are you fixing that problem with tax cuts to the wealthy? Obviously not. You yourself are telling us that people can't afford Orthodontic and school tuition and you are right. So, tell us how tax cuts going to the wealthy fixes that? Answer, it doesn't, and it has not. And that's reality.

No, I said people who earn the Minimum Wage can't afford orthodontics or tuition. They aren't "Middle Class" if they are earning low wages. Middle Class people are still paying tuition and orthodontics bills , schools and orthodontists are still in business and doing fine under Trump.

Yes but people are going into debt to pay for these things.

40% of Americans can't cover a $400 emergency expense