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Liberals don't understand that bankruptcy is actually a strategic part of a successful business model.
Tell that to all the people he owed money to who went out of business because he filed bankruptcy
to avoid paying them. Would you still think he was successful if you were one of them?
And yet he owns the hotel, why, because a lease does not supersede federal law.
He leases the building from the federal government, he doesn't own the building.
Quote:
The Post Office Lease differs from many of Mr. Trump’s other business arrangements. That’s because, in writing the contract, the federal and D.C. governments determined, in advance, that elected officials could play no role in this lease arrangement. The contract language is clear: “No ... elected official of the Government of the United States ... shall be admitted to any share or part of this Lease, or to any benefit that may arise therefrom...â€
I'll say it again, a lease does not supersede federal law. The president cannot have a conflict of interest, so this clause in the lease is not going to be able to be enforced.
I'll say it again, a lease does not supersede federal law. The president cannot have a conflict of interest, so this clause in the lease is not going to be able to be enforced.
We'll see. And yes the president can have conflict of interest. Just because Trump says that it doesn't apply to him doesn't mean that it doesn't. And the emoluments clause DOES apply to the President.
Besides the fact that the conflict of interest laws have nothing to do with this lease contract.
Location: By the sea, by the sea, by the beautiful sea
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Quote:
Originally Posted by jjrose
We'll see. And yes the president can have conflict of interest. Just because Trump says that it doesn't apply to him doesn't mean that it doesn't. And the emoluments clause DOES apply to the President.
Besides the fact that the conflict of interest laws have nothing to do with this lease contract.
Maybe Donny's a Nixonian: "When the President does it that means it's not illegal"
Liberals don't understand that bankruptcy is actually a strategic part of a successful business model.
Hahahahahaha!
Absolutely. Just like all those "strategic" short-sales and foreclosures the wealthier members of society were doing during the Bush Jr recession while all the poor people wound up homeless or living with their families because they got foreclosed on first while their bankers got to live in their mansions for 2 or 3 years, paying not one dime on their house payments, until they had a fat nest egg to use to go put down a huge down-payment on a house and get a loan right on the heels of a foreclosure....
Because wealthy people help one another. Kinda like how Trump is helping his wealthiest donors with cabinet positions and policies good for their wallets.
Trump supporters AMAZE me.
Unless I'm just surrounded on here by trust fund babies and you post to CD from your key seats on the NYSE, that is.
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