Norman
Diamond Member
- Sep 24, 2010
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They led to bankruptcy.I'm not speculating, the Taj Mahal was built with junk bonds. The Soho was built with zoning restrictions. Imagine paying 2 million dollars for a condo that you had to vacate for 2/3 of the year while it was rented out..... he is stupid and so are those that tout his business record as worthy of the presidency.Not just that he borrows money but who he borrows from and the types of loans he has taken and the poor decisions that he has made. There are reasons he has to seek foreign investors you know.
Now you're speculating. What "poor decisions?" His Atlantic casinos? Corporate America poured billions of dollars into Atlantic city after it legalized casino gambling. Many casinos went bankrupt, not just Trumps'. Every real estate project is a gamble, and sometimes they lose money. That doesn't make it a "poor decision." Trump has beaten the odds with his investments. He has a few losers but the vast majority are winners. Most businessmen would be ecstatic to have a record like Trump's.
A lot of money in this country is from foreign sources. When I bought my first house, a Swedish bank was the sinister foreign source that provided the money. HSBC is a Chinese bank, but it has branch offices in virtually every city in America. Your "foreign sources" gambit is just a sleazy propaganda meme. Nothing Trump has done is illegal. On the other hand, Hillary has accepted billions in bribe money and violated the the laws concerning handling of classified materials. She also obstructed justice and perjured herself. Your attempt at an equivalence is laughable.
Both claims are total bullshit. The term "junk bonds" is virtually meaningless.
I love these libs who criticize Trump's business decisions, because they obviously would have done so much better. That's why Trump is the billionaire, while they are in a permanent state of unemployment, fearing that Trump might take their free tax payer paid stuff away.
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Junk or in other words "high yield" more speculative bonds are completely fair game. But of course someone illiterate in economics, but yet deeming himself worthy of giving advice to a billionaire would disagree. It's the liberal Dunning-Kruger at work again!![]()
Yes, and it was one business, out of his 500? How many do you have?
Running businesses is risky. It's not about winning every trade but winning most of them. Anyone who has read economics 101 knows this, sadly few people seem to have done that.