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M.O. has always been to borrow for his various schemes, shortchange workers, then go bankrupt leaving lenders holding the bag.
AFAIK, his wealth consists of various real estate holdings, most of which are bleeding cash as they are high overhead operations during a time when demand is down.
That “MO” you are parroting is just Leftist spin. Real estate developers never use their own money. Every developer always use loans for development projects. As for shortchanging workers, that again is spin. The Trump Organizations has been around for decades and has developed hundreds of projects throughout the world.
Naturally there is going to be a few where there are disputes with the unions, which in places like New York where he has done a lot of his work are run by the mob. The disputes usually involve something like they do inferior or incomplete work so it goes to court. The Left uses some of these disputes (and a few quotes some “workers” biased side of the story) and spin it as shortchanging workers and Leftist NPC’s like yourself parrot it to the point you all believe it is true.
That's the way real estate is. A stock is priced every time it is traded. A building is priced once every twenty years with lots of informed and uninformed guessing in between. It's horse trading.
What's worth 10 million to you is worth 2 million to me. One person can see things in a building that others can't. If that person is right he ends up with a lot of money.
The rich guy is usually the right guy when it comes to real estate.
That “MO” you are parroting is just Leftist spin. Real estate developers never use their own money. Every developer always use loans for development projects. As for shortchanging workers, that again is spin. The Trump Organizations has been around for decades and has developed hundreds of projects throughout the world.
Naturally there is going to be a few where there are disputes with the unions, which in places like New York where he has done a lot of his work are run by the mob. The disputes usually involve something like they do inferior or incomplete work so it goes to court. The Left uses some of these disputes (and a few quotes some “workers” biased side of the story) and spin it as shortchanging workers and Leftist NPC’s like yourself parrot it to the point you all believe it is true.
^^^^^ Link? Proof?
What makes what you're claiming be what's accurate (re Trump) and what you're claiming is inaccurate information coming from lefties inaccurate?
What makes what you're claiming be what's accurate (re Trump) and what you're claiming is inaccurate information coming from lefties inaccurate?
Almost all links are Leftist media versions. I know I have heard from Trump interviews his version and it makes more sense. Ask yourself this. If he shortchanged workers as a practice, you think he would have been able to build all these developments for decades? Surely word would have gotten out and no one would work for him. If anything, he pays his workers more generous than the market rates. You just don’t hear about it because the Leftist media won’t tell you that part.
There’s two sides to a story. All you are getting are the liberal media’s biased version to generate hate for him. And you Leftists lapped it all up.
LOL. You can say that with a straight face when it's the left media that is running stories about him non-stop, and his haters creating multiple threads about him, and posting in non-Trump threads about him, on a daily basis?
leftist tds is real.
Yes, because I don't believe that the media should be ignoring when it's uncovered that a past or sitting president is being accused of illegal activity.
They also reported non-stop on the bogus election fraud claims, on the bogus Hillary-gate, on Biden's economy, on Biden's international policy, on the lack of cohesion of the Democratic Party. You just don't notice it so much, because it doesn't trigger the same emotions in you as when someone critiques your political deity (Trump).
Did he lie to the IRS and/or lenders? Show us the documentation.
Trump is not just being accused of lying, he's being accused (and there is evidence to support) either tax fraud, or loan fraud. He can't have two different valuations on the same property.
I'm not aware of Biden lying at all about his wealth, but if he boasted "I'm rich", that would be a lie, and should be called out. If he falsified records to cheat the US Citizens of taxes due, or to get a fraudulent loan, it's not only a lie, but it's also illegal.
False. We have about 5 cable news networks that were talking Trump 24/7. Rallies with 20k+ people all over the country. Trump has dominated the discussion on the internet. In Universities. On Twitter. Facebook. Heck — even now 6 years later he has the #1 app on Apple’s App Store.
Trump is the most thought of and discussed living person in the history of humanity. Jesus Christ was thought of and discussed by relatively very people because while alive the earths population was very small.
I don't know where you live, but here in the USA I believe Jesus is on more people's mind than Trump.
At least, he has more yard-signs, more jewelry, more houses of worship dedicated to him, and more people going to his "rallies" every Sunday that Trump EVER had. Maybe where you are it's different, but even here in the USA, Trump's home country, Jesus is still getting more attention than Trump.
Don’t hate Trump, hate your liberal media for their non-stop hate Trump programming.
Why do you have a problem with reporting the truth?
Quote:
Originally Posted by antinimby
That “MO” you are parroting is just Leftist spin. Real estate developers never use their own money. Every developer always use loans for development projects. As for shortchanging workers, that again is spin. The Trump Organizations has been around for decades and has developed hundreds of projects throughout the world.
Naturally there is going to be a few where there are disputes with the unions, which in places like New York where he has done a lot of his work are run by the mob. The disputes usually involve something like they do inferior or incomplete work so it goes to court. The Left uses some of these disputes (and a few quotes some “workers” biased side of the story) and spin it as shortchanging workers and Leftist NPC’s like yourself parrot it to the point you all believe it is true.
It is true that real estate developers use loans to finance their development projects, but in Trump's case his poor credit meant the only bank who would lend him money was Deutsche Bank with money reportedly laundered from Russian oligarchs.
If you can sell off all your assets and easily be able to pay it off and have a lot left over, you're not up to your eyeballs in debt. That's the difference.
except you have no idea what the market value vs loan balances are.
His largest "debt" is his share of a Manhattan high-rise that's < 70% indebted by valuations NOT provided by him.
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