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I give it about 5 minutes before the **********s come swinging down out of the trees to start screeching about what a smart businessman that Donald is...
I'll give it "never" for the Clintonians to admit Hillary is a criminal who should go to prison for her crimes against the United States.
A financial analyst for Trump's organization has testified under oath that Trump kept 2 sets of books for the Old Post Office building project. The one shown to investors showed rosier projections than the one used internally. The company developing the hotel is owned by Trump and three of his children, Ivanka, Donald Jr., and Eric.
The Trump-backed organization pushing this project had no reasonable expectation of the level of success they promised, based on their own findings, but misrepresented the earning potential of the project, in order to get money.
Flores was speaking in a deposition in May by the lawyers for chef Geoffrey Zakarian. He’s a celebrity chef who pulled out of the hotel project when he took offense to Trump’s words about Mexicans. Trump’s lawyers sought to have the testimony kept under wraps, but Buzzfeed News has filed a motion to have that testimony released.
Financial experts say many companies prepare multiple sets of projections, and there’s nothing inherently illegal about that. The potential trouble arises when projections are used to misrepresent what management knows to be true.
I'll give it "never" for the Clintonians to admit Hillary is a criminal who should go to prison for her crimes against the United States.
Is it even remotely possible for you Trump fans to discuss your god without screeching "But Hillary.... But Hillary... But Hillary...."?
this thread is not about Hillary, it is about Trump. I am not a Clinton supporter, so why on Earth do you think it's relevant for you to change the subject to Hillary when I'm talking about Trump? You people have even more trouble carrying on a conversation than your candidate does.
Location: By the sea, by the sea, by the beautiful sea
68,330 posts, read 54,400,252 times
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Quote:
Originally Posted by Albert_The_Crocodile
I give it about 5 minutes before the **********s come swinging down out of the trees to start screeching about what a smart businessman that Donald is...
So that's what they're calling con-men these days.
Reminds me of a scene in a movie about Lucky Luciano when they heard that the IRS was on the way to their office. Lucky asks the book keeper, "Are the books alright?". The book keeper replies, "The alright books are alright".
Is it even remotely possible for you Trump fans to discuss your god without screeching "But Hillary.... But Hillary... But Hillary...."?
this thread is not about Hillary, it is about Trump. I am not a Clinton supporter, so why on Earth do you think it's relevant for you to change the subject to Hillary when I'm talking about Trump? You people have even more trouble carrying on a conversation than your candidate does.
The thread about "trump" is stupid, because its the way its done in teh real world..
its like starting a thread and whining that Trump thinks the earth is round, or the earth revolves around the sun..
A financial analyst for Trump's organization has testified under oath that Trump kept 2 sets of books for the Old Post Office building project. The one shown to investors showed rosier projections than the one used internally. The company developing the hotel is owned by Trump and three of his children, Ivanka, Donald Jr., and Eric.
The Trump-backed organization pushing this project had no reasonable expectation of the level of success they promised, based on their own findings, but misrepresented the earning potential of the project, in order to get money.
Flores was speaking in a deposition in May by the lawyers for chef Geoffrey Zakarian. He’s a celebrity chef who pulled out of the hotel project when he took offense to Trump’s words about Mexicans. Trump’s lawyers sought to have the testimony kept under wraps, but Buzzfeed News has filed a motion to have that testimony released.
Financial experts say many companies prepare multiple sets of projections, and there’s nothing inherently illegal about that. The potential trouble arises when projections are used to misrepresent what management knows to be true.
Trump does some pretty stupid things but running multiple sets of #'s is really common practice in real estate valuations. You run a worst-case scenario, a best-case scenario, and a middle-of-the-road scenario. Real estate valuation is not a 1+1=2 kind of game. Values are based on many assumptions (rents, inflation, expenses, rates of return) and many assumptions are not an absolute "given".
I've seen many investment offering packages and anyone who is looking to lend debt on a project, provide equity or buy an asset outright knows that the investment offering will highlight the good (hello they are trying to sell it). Really pretty common practice and usually a third party is the one who is shopping the deal to investors/lenders not the owner.
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