Trump-$1.2 Billion In Core Business Losses

[Toddsterpatriot]

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

Yes, there are a lot of gullible and stupid people in this country. That is not news. You remind of this every time you post. But I think some of them have seen through the ruse...

Yes, there are a lot of gullible and stupid people in this country.

But enough about the Dem base.

 

[Fort Fun Indiana]

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

Yes, there are a lot of gullible and stupid people in this country. That is not news. You remind of this every time you post. But I think some of them have seen through the ruse...

Yes, there are a lot of gullible and stupid people in this country.

But enough about the Dem base.

Unfortunately for your trolling, the data shows that, the more educated one is, the more that one tends to vote democrat. But you would have to be educated to know that, so it's like a feedback loop, in your case.

 

[Papageorgio]

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.

Frank and Dodd were lucky they weren’t locked up. Obama never went after corrupt bankers, no surprise there. We will have to agree to disagree about the CRA most of what I have read tells me that part of that was responsible

This story is really not a big deal.......it is no mystery that Trump lost tons of money thru his business ventures...

But since Trump is a brilliant salesman and he knows the need for people to worship wealth, he was able to use this to his advantage...

So no matter what his actual business record is, those who worship wealth will find a way to excuse it...as long as that person hates the same people they hate.....

Warren Buffet did not have 10 years of 1.2 billion dollars in losses -- but since Warren Buffet doesn't go around demonizing brown people -- these folks who worship Trump, despises the person (Buffet) who is actually the person Trump wishes he was...

And lets not even get started on Soros....who is also a superior businessman to Trump -- so much so that Trump begged him for money and probably still owes Soros millions of dollars.

Yeah, Warren Buffett used other people’s money and lost over 4 billion in one day. Didn’t come close to Trump losing in over 10 years. Still he is one of the best of all time.

Warren Buffett’s Berkshire Hathaway Lost $4.3 Billion in a Day Thanks to a Big Bet on One Company

First off if Soros is such a great businessman why did he loan a con man like Trump millions of dollars? That sounds pretty dumb to me.

Also, Soros lost a billion dollars after the 2016 election and did it in just a few weeks.

George Soros reportedly lost about $1 billion after Trump's election I still consider him a good investor. Trump is an average business man, in my opinion.

 

[francoHFW]

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.

Obama debt was 80% at least averting another corrupt GOP depression and welfare and unemployment for the victims. And Trump just blew a trillion for nothing but a give away to the rich.

 

[Toddsterpatriot]

Trump, the reailty tv trendsetter. He was "the Biggest Loser" before the show was even created....

Of course, that then begs the question, what do you call someone who is beaten by "the Biggest Loser"?

Nothing when that person got more votes.

"Miss Congeniality" isn't "Miss America". The team that holds the ball longer in the Super Bowl doesn't win when the other team scores more points. IOW, while it might help you sleep at night to dream of all those consolation votes, she's an even bigger loser.

One thing we do know is that the team who scores the most points wins the super bowl. Hillary scored the most points.

One thing we do know is that the team who scores the most points wins the super bowl.

Trump scored 304 points, drunken Hillary only 227.

 

[Oldstyle]

Trump never made money. He lives off Oligarchy laundered money and the money from fraudulent money laundering banks.

He has always lived off of his name

Exactly! Fred Trump gave him $415 million dollars and he lost every penny. Some business man. And his duped base still keep drinking the sewer water he gives them at his rallies. What a joke.

Trump lost hundreds of millions on his casinos, airline, football team and golf courses

He reached the point where he only made money licensing the Trump name and being a reality TV host

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

He lost the popular vote. He's president because of a fluke.

He's President because of the Electoral College...the thing we use in this country to ELECT our Presidents! That isn't a "fluke"...it's how elections are conducted here!

 

[Oldstyle]

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.

Obama debt was 80% at least averting another corrupt GOP depression and welfare and unemployment for the victims. And Trump just blew a trillion for nothing but a give away to the rich.

Yet Trump's economy is booming...fewer people are on assistance...and unemployment is at historic lows...none of which Barry EVER accomplished!

 

[Toddsterpatriot]

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

Yes, there are a lot of gullible and stupid people in this country. That is not news. You remind of this every time you post. But I think some of them have seen through the ruse...

Yes, there are a lot of gullible and stupid people in this country.

But enough about the Dem base.

Unfortunately for your trolling, the data shows that, the more educated one is, the more that one tends to vote democrat. But you would have to be educated to know that, so it's like a feedback loop, in your case.

the data shows that, the more educated one is,

Like AOC? She's really educated, eh?

 

[Oldstyle]

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?

I would if he subsequently made billions.

And, you know that he is worth billions, how? Because he told you so? In spite of the fact that he has not released any financials, or tax returns? In spite of the fact that it has already been disclosed that he artificially inflated his net worth to get a loan from a Netherlands bank?

Tell you what Hadit. I am going to let you in on the ground floor of my new company. I have found a way to turn water into gasoline. You can be a 50% partner, for only $1,000,000 dollars.

You missed it, Vandal! Barack Obama and his clueless band of economic would have given you that money and more! All you would have had to do was tell him that you were a supporter and that your company was "GREEN" and they would have showered you with stimulus money, no questions asked!!!

 

[Fort Fun Indiana]

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

Yes, there are a lot of gullible and stupid people in this country. That is not news. You remind of this every time you post. But I think some of them have seen through the ruse...

Yes, there are a lot of gullible and stupid people in this country.

But enough about the Dem base.

Unfortunately for your trolling, the data shows that, the more educated one is, the more that one tends to vote democrat. But you would have to be educated to know that, so it's like a feedback loop, in your case.

the data shows that, the more educated one is,

Like AOC? She's really educated, eh?

Yes troll, exactly like one cherry picked example. You smart.

 

[Fort Fun Indiana]

That isn't a "fluke".

That's right....the russian military spent plenty of perfectly good money and resources making it happen....

 

[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.

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

Nope. It was increased, stupidly, under Clinton.
Increased, again, stupidly, under GW Bush.
And don't get me started on HUD forcing Fannie and Freddie to buy crap mortgages.

More untrue bs.

CRA wasn't expanded under Clinton?
Wasn't expanded again under Bush?
HUD didn't force Fannie and Freddie to buy subprime mortgages?

So What? CRA had very little to do with Bush's financial meltdown. Even one of your fellow righties (hat tip to Papageorgio) tacitly posted...

Community Reinvestment Act of 1977 | Federal Reserve History

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).​

 

[Papageorgio]

The U.S. Financial Crisis Inquiry Commission reported its findings in January 2011. It concluded that "the crisis was avoidable and was caused by: Widespread failures in financial regulation, including the Federal Reserve's failure to stem the tide of toxic mortgages; Dramatic breakdowns in corporate governance including too many financial firms acting recklessly and taking on too much risk; An explosive mix of excessive borrowing and risk by households and Wall Street that put the financial system on a collision course with crisis; Key policy makers ill prepared for the crisis, lacking a full understanding of the financial system they oversaw; and systemic breaches in accountability and ethics at all levels."[3]

According to the Department of Labor, roughly 8.7 million jobs (about 7%) were shed from February 2008 to February 2010, and real GDP contracted by 4.2% between Q4 2007 and Q2 2009, making the Great Recession the worst economic downturn since the Great Depression. The GDP bottom, or trough, was reached in the second quarter of 2009 (marking the technical end of the recession, defined as at least two consecutive quarters of declining GDP).[4] Real (inflation-adjusted) GDP did not regain its pre-crisis (Q4 2007) peak level until Q3 2011.[5] Unemployment rose from 4.7% in November 2007 to peak at 10% in October 2009, before returning steadily to 4.7% in May 2016.[6] The total number of jobs did not return to November 2007 levels until May 2014.[

Great Recession in the United States - Wikipedia

Democrats did not cause the recession and Trump has not delivered us this economy. As you can see here, under Trump unemployment has dropped just 1 percent and we are in his 3rd year.

So it was toxic mortgages that was the big problem. Wonder who lent the money and who borrowed? Lol!

 

[Fort Fun Indiana]

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.

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

Nope. It was increased, stupidly, under Clinton.
Increased, again, stupidly, under GW Bush.
And don't get me started on HUD forcing Fannie and Freddie to buy crap mortgages.

More untrue bs.

CRA wasn't expanded under Clinton?
Wasn't expanded again under Bush?
HUD didn't force Fannie and Freddie to buy subprime mortgages?

So What? CRA had very little to do with Bush's financial meltdown. Even one of your fellow righties (hat tip to Papageorgio) tacitly posted...

Community Reinvestment Act of 1977 | Federal Reserve History

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).​

Exactly. Nor can we pin it on the small subprime mortgages purchased by freddie and fannie. It was the jumbo residential mortgages and equity lines and the commercial versions of same that chiefly crashed the portfolios' derivatives and then the global economy. Which, itself, was only one factor. Just as big a factor (if not the only real factor worth attacking) was our lax law and oversight. "Buyer beware" is fine, until it affects others besides the buyers.

 

[Faun]

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.

Obama debt was 80% at least averting another corrupt GOP depression and welfare and unemployment for the victims. And Trump just blew a trillion for nothing but a give away to the rich.

Yet Trump's economy is booming...fewer people are on assistance...and unemployment is at historic lows...none of which Barry EVER accomplished!

LOLOL

Most of the heavy lifting occurred under Obama.

 

[Mikeoxenormous]

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.

Obama debt was 80% at least averting another corrupt GOP depression and welfare and unemployment for the victims. And Trump just blew a trillion for nothing but a give away to the rich.

Yet Trump's economy is booming...fewer people are on assistance...and unemployment is at historic lows...none of which Barry EVER accomplished!

LOLOL

Most of the heavy lifting occurred under Obama.

Bwaaaahhhhhaaaaaa...Bama was Michaels bitch, he Barry could barely lift a 12oz.

 

[Faun]

The U.S. Financial Crisis Inquiry Commission reported its findings in January 2011. It concluded that "the crisis was avoidable and was caused by: Widespread failures in financial regulation, including the Federal Reserve's failure to stem the tide of toxic mortgages; Dramatic breakdowns in corporate governance including too many financial firms acting recklessly and taking on too much risk; An explosive mix of excessive borrowing and risk by households and Wall Street that put the financial system on a collision course with crisis; Key policy makers ill prepared for the crisis, lacking a full understanding of the financial system they oversaw; and systemic breaches in accountability and ethics at all levels."[3]

According to the Department of Labor, roughly 8.7 million jobs (about 7%) were shed from February 2008 to February 2010, and real GDP contracted by 4.2% between Q4 2007 and Q2 2009, making the Great Recession the worst economic downturn since the Great Depression. The GDP bottom, or trough, was reached in the second quarter of 2009 (marking the technical end of the recession, defined as at least two consecutive quarters of declining GDP).[4] Real (inflation-adjusted) GDP did not regain its pre-crisis (Q4 2007) peak level until Q3 2011.[5] Unemployment rose from 4.7% in November 2007 to peak at 10% in October 2009, before returning steadily to 4.7% in May 2016.[6] The total number of jobs did not return to November 2007 levels until May 2014.[

Great Recession in the United States - Wikipedia

Democrats did not cause the recession and Trump has not delivered us this economy. As you can see here, under Trump unemployment has dropped just 1 percent and we are in his 3rd year.

So it was toxic mortgages that was the big problem. Wonder who lent the money and who borrowed? Lol!

Wonder who it happened under...?

 

[Faun]

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.

Obama debt was 80% at least averting another corrupt GOP depression and welfare and unemployment for the victims. And Trump just blew a trillion for nothing but a give away to the rich.

Yet Trump's economy is booming...fewer people are on assistance...and unemployment is at historic lows...none of which Barry EVER accomplished!

LOLOL

Most of the heavy lifting occurred under Obama.

Bwaaaahhhhhaaaaaa...Bama was Michaels bitch, he Barry could barely lift a 12oz.

LOLOL

That's funny since he lifts more than you even dream of lifting.

 

[Uncensored2008]

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.

You mean democrats BURGLARIZED the IRS to slander the president?

We need a special prosecutor to investigate this felonious act.

 

[Uncensored2008]

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.

Trump's losses were of private capital, not tax payer money.