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Does anyone really give a damn about either Trump's or Clinton's financial demons?
The answer is no.
Will the issues ever be addressed this campaign?
Unfortunately the answer is yes. If this campaign were actually decided by qualifications and the issues it would be clear IMO who is the most qualified. But the right has taken on the approach of attacking everything Hillary. Included in this attack are constant reminders of how much she makes, how she is "in bed with Wall Street" etc. Since those are the battle lines drawn threads like this exist.
Another NYT hit piece, aimed at the uninformed masses. All it talks about are the loans, without taking into account the assets. The real estate business is completely different than owning a company like IBM. As a small real estate investor, I can tell you that the more "debt" I have access to, the more money I make. That goes with the territory. If I owe $1M on a property worth $2M, sure, I am a million dollars in debt, but I also own a million dollars in assets. For this disengenuous article to cite loan after loan without including the value of the assets, makes me believe that the author only wrote the article to bash Trump.
So how to you explain away the steaks at the Sharper Image and opening a mortgage company against the advice of experts in 2006? There is also his travel search engine, vodka, the airlines, the magazine, the bottled water, his rip-off on Monopoly, and there is more in the article... A Complete List of Donald Trump
Another NYT hit piece, aimed at the uninformed masses. All it talks about are the loans, without taking into account the assets. The real estate business is completely different than owning a company like IBM. As a small real estate investor, I can tell you that the more "debt" I have access to, the more money I make. That goes with the territory. If I owe $1M on a property worth $2M, sure, I am a million dollars in debt, but I also own a million dollars in assets. For this disengenuous article to cite loan after loan without including the value of the assets, makes me believe that the author only wrote the article to bash Trump.
Hey Doc, doesn't the same apply to the Republican's complaints about government spending? After all, the current debit (around $19T) is FAR less than underlying assets (about $85T). By your (and Trump's) way of thinking that asset to debt ratio should be fine and dandy. So it's either economically sound or it isn't.
Pretty sure you'll whine about the numbers I'm using but the concept is solid.
Hey Doc, doesn't the same apply to the Republican's complaints about government spending? After all, the current debit (around $19T) is FAR less than underlying assets (about $85T). By your (and Trump's) way of thinking that asset to debt ratio should be fine and dandy. So it's either economically sound or it isn't.
Pretty sure you'll whine about the numbers I'm using but the concept is solid.
There's just one problem, Trumps assets generate more than the debt payments, and nets a profit.
So how to you explain away the steaks at the Sharper Image and opening a mortgage company against the advice of experts in 2006? There is also his travel search engine, vodka, the airlines, the magazine, the bottled water, his rip-off on Monopoly, and there is more in the article... A Complete List of Donald Trump
When you have over 500 companies, statistically, some of them are going to be losers. They go in the "loss" column. As long as your winners outnumber your losers, you are doing fine.
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