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View Full Version : Trumps Achilles Heal !




ProBlue33
04-13-2011, 09:11 AM
So there is lots about being said about Trump here these days but this article alone should prevent him from winning, how can somebody who has squirmed his way out of financial ruin by declaring bankruptcy 3 times be good for looking after this countries monetary woes. Not to mention his disloyalty to his former wives, why because they got to old


When you hear the name Donald Trump, chances are that the first thing to pop into your head is not bankruptcy. Today, the Trump brand has come to symbolize all that is lavish and extravagant. From his marble-lined hotels to his billion-dollar golf courses, little about Donald Trump would suggest bankruptcy. However, in his early years, Donald Trump was no different from every other entrepreneur who struggles to grow their business. In fact, he came so close to the brink of bankruptcy on more than one occasion that his success today is all the more remarkable.

During the 1990s, this real estate mogul began to suffer the effects of recession like everyone else. He had used high-interest junk bonds to finance the $1 billion construction of his third casino, the Taj Mahal, and was now paying the price. In 1991, he was forced to declare business insolvency, as he had $3.5 billion in outstanding loans. With a $900 million personal debt, he was almost forced to declare personal ruin as well.

Banks and bondholders, who had lost millions of dollars due to his liquidation, decided to restructure his debt. In return for lower interest rates and more time to pay back his debt, he ceded half of the ownership of the Taj Mahal to its original bondholders. In less than a few months, the casino had re-emerged.

That would not be the end of the bankruptcy story for Donald Trump. One year later, on November 2, 1992, the Trump Plaza Hotel was forced to declare bankruptcy. This time, Donald Trump agreed to give up 49 percent of the hotel to Citibank and five other lenders. In return, Donald Trump was given a similar deal as before, with more lenient conditions to repay the $550 million still outstanding. Donald Trump stayed on as chief executive, but his salary was taken away.

Two years later, the majority of his personal debt had been repaid, as had his business debt. However, the experience had taken its toll on the businessman. He had been forced to give up the Trump Shuttle he had purchased in 1989, although he did manage to keep both Trump Tower and his three casinos in Atlantic City.

In 1995, he combined his holdings into the Trump Hotel & Casino Resorts. It was originally trading for $35 on Wall Street, but this price had fallen into the single digits just two years later. Again, he was facing economic collapse. His company was not turning a profit and still owed $2 billion in debt. In a 2004 interview with the Wall Street Journal, he admitted that the situation was bothering him “from a psychological viewpoint.”

Determined to avoid bankruptcy again, Donald Trump decided to restructure his debt in 2004 by reducing his individual ownership from 56 to 27 percent and by giving bondholders stock in exchange for some of the debt they were owed. The plan still couldn’t keep Trump Hotels from seeking voluntary bankruptcy protection. Finally, in May 2005, after Donald Trump had given up his CEO position of the company, it emerged from bankruptcy as the new Trump Entertainment Resorts Holdings.


Donald Trump has been addicted to beautiful women for a long time. His marriage to Ivana Trump ended in divorce in 1990. Donald Trump then married Marla Maples in 1993. They filed for divorce n 1999. He has four children from his two marriages. The Trump wedding saga continued in 2005 when he married Slovenian model Melania Knauss at his Mar-a-Lago estate in Palm Beach.

Ron Paul smacks him down, on both his own personal fiscal responsibilities and solid family life.

The whole birther issue is a huge distraction to the real problems facing America, the old saying "we have bigger fish to fry" applies here.

pcosmar
04-13-2011, 09:19 AM
Trump is a non issue.
He is a distraction and a sideshow,,,nothing more.
Ignore him and look past him. He is not a credible threat.

Krugerrand
04-13-2011, 09:22 AM
His Achilles heal is that he gave Rahm Emanuel $50,000 to run for mayor. He's not winning anything in the GOP.

RonPaulFanInGA
04-13-2011, 09:28 AM
His Achilles heal is that he gave Rahm Emanuel $50,000 to run for mayor. He's not winning anything in the GOP.

Donating money to Rahm Emanuel didn't stop Linda McMahon from defeating Peter Schiff.

ProBlue33
04-13-2011, 09:30 AM
Trump is a non issue.
He is a distraction and a sideshow,,,nothing more.
Ignore him and look past him. He is not a credible threat.

I used to think that too, until one CNN poll shows him as running at 19%.

And I was - "REALLY?" and then "SERIOUSLY?"

Krugerrand
04-13-2011, 09:32 AM
Donating money to Rahm Emanuel didn't stop Linda McMahon from defeating Peter Schiff.

And it won't doom Trump in Connecticut, either. Winning Connecticut doesn't win a GOP primary.

pcosmar
04-13-2011, 09:35 AM
I used to think that too, until one CNN poll shows him as running at 19%.

And I was - "REALLY?" and then "SERIOUSLY?"

Polls can be made to say anything.

Depending on how they are worded and where they are promoted, and who paid for them.
and
Oh yeah. FU Frank

TheBlackPeterSchiff
04-13-2011, 10:00 AM
Trump is a great business man....why? Not because he is intelligent and so proficient and developing profitable and sustainable businesses. But because he is a great self-promoter. It's why he has been around for so many decades. That's all this is about, self promotion. There will probably be a Reality show that comes out of this, Trump goes to Washington or some b.s. like that. I wouldn't take him seriously.

Vessol
04-13-2011, 10:02 AM
He was a Democrat until 2009 and donated heavily to Hilary Clinton. Keep it simple.

scottditzen
04-13-2011, 10:05 AM
I was sure this thread would be about his ridiculous hair.

Really, who in the world could take the U.S. seriously if that 3 X combover got elected?