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POTUS 45.65: I'm Just Here For The Lincoln Project Ads

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Handyman said:
There are elements of both with good old fashioned snake oil and stock swindles added as well. He sells his name as collateral, borrows against himself/org/assets and then uses the fact he has financial backing to pump up the value and get more investors. He then runs around bragging that the money he has in the project is his own personal wealth to pump it up even more. Meanwhile he is using that money to pay off the debt on a previous project which is usually pennies on the dollar because he defaulted.

The key though is how he guarantees the loans he gets...he does it personally that way he can write it off his personal taxes. Meanwhile that money is also paying salaries for the people who work for him.

This is how the saga of the Chicago Trump Tower went down. Not only did he get the loan from Deutsche but also a hedge fund. He ended up screwing them both over then Kushner got Trump another loan from a different department at Deutsche (cause they said they were done with him) which he used to make payments on the original loan. He also sued them to delay default. And since he personally guaranteed everything he wrote the whole thing off his personal taxes.

Now I only stayed at a Holiday Inn last night but I think what is going to screw him over (if they get him) is the entanglement of his personal and organizational finances. There is no way he didn't screw that up because he doesn't have the attention to detail and he won't pay what it costs for others to do it right either. He believes it is a smarter investment to throw your money at suing those that go after you for twice the price (because of the publicity) than to do it right because doing it right means he doesn't get everything he wants.

Now the interesting thing is Deutsche turned over Trumps financials to the prosecutors last year. Deutsche is going to do everything they can to avoid the coming prison rape over money laundering and their shady *** deals with Kushner and Trump are at the forefront of all that.
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I don't know how accurate this is but it's so much fun I am accepting it all as gospel truth.

The only thing I don't get is why would anybody legitimate ever do business with him? It's a pain, if anything goes wrong he'll sue you, you probably will never get paid. I get that recently he was just laundering money for oligarchs but before that actual banks, who are supposed to know things, lent him money. WHY?
 
Kepler said:
I don't know how accurate this is but it's so much fun I am accepting it all as gospel truth.

The only thing I don't get is why would anybody legitimate ever do business with him? It's a pain, if anything goes wrong he'll sue you, you probably will never get paid. I get that recently he was just laundering money for oligarchs but before that actual banks, who are supposed to know things, lent him money. WHY?
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Trump probably brings them business by word of mouth and the fact that he does business with them. You've been around an office. You know how ass-kissers work. They do exactly what the person that they want to become does.
 
RaceBoarder said:
Trump probably brings them business by word of mouth and the fact that he does business with them. You've been around an office. You know how ***-kissers work. They do exactly what the person that they want to become does.
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Which I get, but then when it comes time to signing the contract, you still have somebody with responsibility sitting on the other side of the table. What possible concatenation of events leads that person to sign?

Why would anyone ever assume any risk with this POS?

Are you saying other carnivores associate with Dump to access his saps to fleece? That is basically the business model of the Republican party now.
 
Kepler said:
Which I get, but then when it comes time to signing the contract, you still have somebody with responsibility sitting on the other side of the table. What possible concatenation of events leads that person to sign?

Why would anyone ever assume any risk with this POS?

Are you saying other carnivores associate with Dump to access his saps to fleece? That is basically the business model of the Republican party now.
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Because if it's not what RaceBoarder said, it's that they think they can outsmart stupid and "rich". Easier for Deutsche to just fire some as--shole. Well, that and you have to assume DB is basically the underworld's money laundering bank. So whatever trump is involved with, it's almost certainly tied to Russian organized crime and their government.
 
Kepler said:
I don't know how accurate this is but it's so much fun I am accepting it all as gospel truth.

The only thing I don't get is why would anybody legitimate ever do business with him? It's a pain, if anything goes wrong he'll sue you, you probably will never get paid. I get that recently he was just laundering money for oligarchs but before that actual banks, who are supposed to know things, lent him money. WHY?
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Here Is The Times Article About Chicago

Same scam he has been running since the 1980s. He took the average NY Housing Swindle and adapted it to all business.

As to why banks do business with him...his name has cache. Everyone knows he is a fraud but if he puts his name on it the gullible will bite so the carnivores can eat. You ever watch a Great White Shark attack? He is the shark and they are the remoras that swim next to the shark and pick off whatever is floating away from the shark's mouth. They are playing the same game, using his faux fame to pump up their business. The ancillary benefits probably offset the cost...

Also, in the case of DB...it was full on money laundering. Hell by the time the Chicago deal went through they knew how it was going to play out and tried to take precautions but failed. Then they flat out said he gets no more money, only to have Kushner's banker at DB float another loan. (said banker is in all sorts of legal trouble IIRC) Kushner got one DB department to give Trump money to pay off the other DB department...and I still think he is going to default. He would have already but got the loan dates shifted when he sued.

The more I think about it, the more it looks like all of his schemes together are just universes in his Multiverse Pyramid Scheme. Each scheme pays off another, each level up has different schemers getting different returns and being swindled a different way and at the top is El Hefty, smiling while shitting his pants.
 
Kepler said:
It's more like a check kiting scheme, and it's so big whenever it reaches an apparent death sentence the banks are on the hook for so much they refuse to let it collapse.
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What I'm reading is that corporate fraud gives the banks cause to call their loans, seize assets used as collatoral, and sell them off to recoup their losses.

The Trump Org. is fucked if that happens.
 
New reporting says Trump is still "obsessed" with the idea that he can be "reinstated" to the presidency. That's bonkers, but it's not irrelevant.
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According to this adviser, Trump is holding out hope that if the Arizona "audit"/fishing expedition ends up in his favor, a few other states will follow suit, triggering some sort of legal process that would make him president. He's even questioned the merits of the Constitution, if it can't be used to investigate election fraud.
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https://www.msnbc.com/rachel-maddow-...t5y0M1T77lqosQ
 
Handyman said:
Now I only stayed at a Holiday Inn last night but I think what is going to screw him over (if they get him) is the entanglement of his personal and organizational finances. There is no way he didn't screw that up because he doesn't have the attention to detail and he won't pay what it costs for others to do it right either. He believes it is a smarter investment to throw your money at suing those that go after you for twice the price (because of the publicity) than to do it right because doing it right means he doesn't get everything he wants.

Now the interesting thing is Deutsche turned over Trumps financials to the prosecutors last year. Deutsche is going to do everything they can to avoid the coming prison rape over money laundering and their shady *** deals with Kushner and Trump are at the forefront of all that.
Click to expand...

There is no way that the guy who so clearly and ham-handedly violated campaign finance laws with his 11th hour hush money payment to a pornstar doesn't have major question marks throughout in his financial records. But if they couldn't get him back in the 90s during the first bankruptcy that he spent years wheeling and dealing and begging his way out of, I just don't think they're going to get him now.
 
I'm trying to remember the details of the article I read about his Atlantic City casino.

Basically, he bought the casino, overpaid of course, used the Trump name to bring in a lot of investors to front money in return for a stake, basically removed himself from any actual ownership financial liability, instead having it all fall on them, while he got paid lavishly to 'manage' it, leveraged the crap out of it and poured that money into other facets of the Trump Org., then declared bankruptcy and walked off scot free, leaving everyone else on the hook for the business's liabilities.

Ahh, here's the article.

https://www.nytimes.com/2016/06/12/nyregion/donald-trump-atlantic-city.html
 
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rufus said:
What I'm reading is that corporate fraud gives the banks cause to call their loans, seize assets used as collatoral, and sell them off to recoup their losses.

The Trump Org. is fucked if that happens.
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Could the banks (or anyone else) get their hands on Mar-a-Lago?
 
I would assume it depends on whether its been used as collateral for a loan, or he still owes the bank money on it.
 
FadeToBlack&Gold said:
There is no way that the guy who so clearly and ham-handedly violated campaign finance laws with his 11th hour hush money payment to a pornstar doesn't have major question marks throughout in his financial records. But if they couldn't get him back in the 90s during the first bankruptcy that he spent years wheeling and dealing and begging his way out of, I just don't think they're going to get him now.
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He cooperated to be able to walk away...allegedly.
 
Normally he would built his way to keeping the banks from taking his property but he has pissed off the wrong people this time.

If he had never been President he would never be in trouble. He openly flouted the rules, burned bridges all over the world and dared them to get him while laughing at what he pulled off. Even his allies won't like that because they know he will burn them.

Scooby,

Supposedly his ranting about being reinstated is why Nazi Barbie and her Beard are distancing themselves. Any future they have can't be tied to this type of lunacy.
 
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