Actually I bet she doesn’t. Don’s very against drinking, and you don’t want him to have a negative opinion of you and change his will. I’m sure Don Jr. does something, just not booze. And Eric? Who knows.
Snorts lead paint chips chopped with a razor blade.
I guess what I meant is that, um…in the Genesis story, it’s the father who gets drunk, but in this hypothetical…ewwww…
The blankfaced MAGAts behind him didn’t know why he was doing that, either.
Poor trump has to chafe here on Earth, knowing that the throne at the right hand side of God awaits him, but first he has to die, and that’s the caveat he doesn’t care for.
Just remind him a statesman is a dead politician and that he’d be a shoo-in for both the Noble Nobel prize and Time’s Man of the Year.
You sure you have the precedence straight?
As others have pointed out many times, even his casinos went bankrupt. He couldn’t even keep a business with a built-in profit margin afloat.
It takes a special kind of businessman to go broke three times running casinos.
Didn’t his first casino do well, so he built another one nearby. And there was not enough customers to sustain both casinos? He basically went into competition with himself?
Not sure if I have that right. I may have read that here on the SDMB, or picked it up somewhere else.
I read a very well-sourced, well-researched article a few years ago (I wish I could remember the cite). And, yes, your impression is correct. I won’t do justice to the fine reporting I’m referencing, but in summary:
(1) There was no way his new casinos were not going to cannibalize his existing casinos; this was a business model that was doomed. But Trump just had to have garish, new casinos with his name on them. And…
(2) …the only people dumber than Trump in the whole cluster@#$& were the bankers who provided the capital and who continued to throw good money after bad in an attempt to bail him out.
As far as his legacy in the casino business, Trump was an absolutely horrible businessman. I guess the most generous spin you could put on it is that he managed to escape without being completely ruined, a testament to his grifting skills.
“Mr. Trump, how do you feel about people comparing you to Joseph Davies?”
“Who?”
“He’s the man who wrote Mission to Moscow.”
“I see myself more like Mahoney and he wasn’t in that one.”
Yup. But there is a saying. If you owe the bank $100,000 the bank owns you. If you owe the bank $100,000,000 you own the bank.
That anyone would lone Trump one thin dime is amazing.
That is definitely one of Trump’s core values. In fact, he was absolutely brazen about. The fact that he was able to bulldoze so many bankers well after the point that his strategy was in obvious collapse demonstrates his ability to utilize that leverage.
“You think things are bad now? Picture the conversation with your board if I go completely belly up. Best if you throw some more concessions. We can all hope for the best, right?”
“I guess so. But this time you really mean it, right? Success is only just around the corner? It’s still possible, right?”
Um, no, it was never possible.
“was”. Still can.
" Trump Scores New $100 Million Loan for Flagship New York Tower
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Axos Bank, run by a Trump donor, made the loan last month
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Trump Tower’s previous loan was put on a watchlist last year
and more:
This was back in March 2022, banks, especially those run by sycophants, still suck up to him. It’s not like the officers are loaning their own money, right? RIGHT?
This is all a huge testament to the greed of bankers. Will the schmucks at Axos get a bailout when whathisname’s breaking rocks?
Dan
I would assume the upper level folks will get generous severance packages, perks and bonuses. Regular employees will get shafted, and probably lose their pensions. Secured creditors will get a few pennies on the dollar. Unsecured creditors will get bupkiss. Lawyers will make a tidy sum.
And so it goes.
I agree. I cannot fathom why anyone would do business with Trump, regardless of any indifference to his evil, regardless of what cash flows his financials “prove.”
“You knew I was a viper…”
Do we have any confirmation of this from a source more reliable than Trump himself? Because I feel that a good rule of thumb is that in any business negotiation, Donald Trump is going to be the dumbest person in the room.
Trump: “Ha ha. Now that the paperwork’s been signed, I can brag about how I put one over on you guys. You just loaned me a hundred million dollars and I have no means of paying you back. Suckers.”
Bankers: “Did you read the contract you just signed? You put up several of your properties as collateral. They’re worth over two hundred million dollars. If you default on the loan, we’ll take those properties and make a profit. And our legal team has lawyers who know we’ll pay them.”
I wish I could recall the article, sorry (I did some quick searches but couldn’t find it). So take my memory with a grain of salt, but the reporting was well-sourced and well-researched, not at all an “according to Trump” piece. In fact, it was not at all favorable to him.
And (again, as I recall) unambiguous that as the business model began to crater, the bankers desperately (and foolishly) clung to some hope that it would not go completely south.
The original decision to bankroll the new development was a horrible and expensive bet to make, and as often happen in such disasters, they doubled down rather than accept abject defeat. And in any event, there’s no question what concessions they made and how it ended up.