No, he did all right. You have to be a true moron to lose money with a casino.
ETA: in fact, now that I think of it, it’s almost impossible, which strongly implies that if they get the financial records for that, they will find a lot of skimming.
Bet your ass, mine and Trump’s (but please, not in contact with each other) that this guy has zero interest in getting cheerleaders out of basketball games. Well. Maybe the male ones, I mean, being a large dude holding up a bunch of gals is so totally gay…
There’s something that doesn’t add up for sure. A 2016 NYT article (which I believe was already cited) indicated that Trump took out high interest loans. His businesses failed. His investors lost. Yet Trump still found a way to enrich himself. He probably committed securities fraud, but the question now is whether he’d still be on the hook for any of it due to the time that has elapsed since.
Here’s the thing: we really don’t know how “rich” he is or even if, indeed, he is “rich.” He claims to be rich. He acts like he’s rich and lives like he’s rich. But what does he really have in the way of authentic assets? He takes out loans and doesn’t pay them back. He stiffs his other creditors. He trades on his name and *reputation *for being a zillionaire. But where are the zillions? I’m convinced that this is the main reason he doesn’t want his financials revealed, namely, because his wealth is nothing but smoke and mirrors.
I almost think it’s the other way around. Trump strikes me as the kind of guy who’ll plead poverty when it suits him; declare bankruptcy, give an incomplete accounting of his assets during a divorce, cheat on his taxes, all while he’s got a fortune stashed away that he doesn’t want anyone to know about. Read asahi’s post again. Trump’s casinos went belly-up, but his investors were on the hook for that; and not before he cashed all the checks for his salary, branding rights, management consulting, and whatever else he could get away with. I expect all that money is squirreled away somewhere; you don’t think Trump was foolish enough to invest it in a Trump business, do you?
To support his lifestyle, he certainly has to have some millions in liquidity at the very least, though it’s quite possible his liabilities far exceed his assets. He owes billions at the very least. And probably to some unpleasant individuals and groups, some of whom aren’t the type to take ‘I was lying about having the money’ too kindly, in the cliched mafia sense.
Most telling is that he couldn’t afford to continue to pay to help defend Michael Cohen.
To be sure, he has a bunch of property he could sell but, assuming that he doesn’t do so, I think we can be pretty sure that he’s strapped for cash regularly. Deutsche Bank’s Private Wealth division was loaning him money for the same reason that banks kept loaning money to people like Michael Jackson: While, yes, he’ll quickly work his way into debt, a person in debt who has a talent for printing money isn’t necessarily a bad investment.
It’s the Payday Loan model, just for the famous and powerful.
I guess since Kushner and his family are directly benefitting from Trump’s election financially (I doubt the Qatar group would have bailed out 666 5th Ave otherwise), I’m sure he doesn’t think Russian help was a problem. The fact that he and Trump have exposure from the investigations is the real travesty here.
Kusher sits in a meeting at Trump Tower where the campaign was going to get dirt on Clinton from a Russian (and the email to Jr. said the Russians wanted to help Trump’s campaign; the point of the meeting) and didn’t realize the Russians were trying to help Trump’s campaign.
I think someone made the analogy that the Trump campaign didn’t lower the drawbridge to the castle to the Russians interfering in the election, but they stood on the castle wall and waved to them as they came in.
From what I understand, according to his teachers and classmates, Kusher isn’t exactly “extraordinarily smart”. His father basically bribed Harvard to accept him, IIRC.
I already knew Ivanka’s Ken Doll was a douche, but anybody who can say “being impactful” without instantly barfing explosively is waaaaaaay beyond douche.
