Is that what the president does? The U.S. Constitution designates the "power of the purse" as a function of Congress.

it's quite clear who is not paying attention, i'll refresh your memory::


i'll also add:

"Under terms of an agreement reached late in 1992, that consortium agreed to forgive overdue interest payments on some $300 million in loans in return for a 49 percent stake in the Plaza.

"There will be four partners," said Abraham Wallach, a spokesman for Mr. Trump. "The banks, primarily Citibank, who will get a preferred return on their equity; Prince Walid; CDL Hotels and Mr. Trump."

you might not understand how Trump's lack of equity in the property played into the deal structure, that would be why you are confused.



ahahahahahahahahahahahahahahah

there was no chance of jail time. stop lying.


and now you're admitting to a single instance instead of your previous lie.

Seriously......

"Regardless of his financial troubles, Mr. Trump and his organization have run the Plaza quite well, said Thomas McConnell, a hotel expert with the accounting firm of Arthur Andersen & Company.

Before Mr. Trump acquired the Plaza, "it was more a three-star," Mr. McConnell said, "and he kicked it up to a four-star."

The Plaza has had a consistent occupancy percentage in the high 70's or low 80's, which exceeds the city average, Mr. McConnell said."


ahahahahahahahahahahah

"Mr. Trump currently owns 51 percent of the Plaza. The rest is owned by the banks, which obtained their interest from Mr. Trump three years ago in exchange for a substantial reduction in his bank debt. Mr. Wallach said those involved hoped to complete the deal by summer.

Mr. Trump bought the Plaza during the real estate boom of the 1980's, using borrowed money. Additional debt was piled on the property over the next couple of years as he leveraged the landmark to buy the Eastern Airlines shuttle and to help pay the construction cost of his Taj Mahal casino in Atlantic City.

By 1992, the weight of the recession that hit New York City after the stock market crash in 1987 and the collapse in real estate prices had taken a heavy toll on Mr. Trump's finances. Negotiations began to rework some $560 million in debt.

After the Citibank consortium agreed to forgive the past interest payments on debt, Mr. Trump still retained the 51 percent interest on paper, but since he had no equity in the hotel -- having put up no cash when he bought it -- the banks effectively owned the property. The banks have been trying to find a buyer for the last three years."





ahahahahahahahahahahahaha

perhaps because amongst the intelligent, we know what he was doing with puts and calls was perfectly legal until the ftc came in and claimed it wasn't and wanted money.
What hillary did with the clinton foundation would have landed every republican in prison.

the bottom will continue to root for their team and pretend she's not a criminal until the end.

Perhaps you are confused between "overdue interest payments" and "principal payments".
:1orglaugh:1orglaugh:1orglaugh
Lenders wrote off his INTEREST payments, not payments. :1orglaugh:1orglaugh:1orglaugh

Hotel was sold at loss no matter how you look at it. After a while. Not in 2004 when smarter and more successful asian people sold it. :1orglaugh:1orglaugh:1orglaugh

ahahahahahahahahahahahaha :1orglaugh:1orglaugh:1orglaugh:1orglaugh


Thats like brassmonkey buying purple SUV with zero percent down at easy 21% APR and selling it 6 month later for 49% of deflated value. :1orglaugh:1orglaugh:1orglaugh

Children, you are dismissed. Last day of school is over.

I saw Trump Ice and stopped reading. Success?

none of this has anything to do with this and none of it proves me wrong.

the hotel did not sell for $350 million, Trump retained a 51% interest in the building under the partnership.

i stated it sold later for $625m.


you should let rochard fight his own battles about his wild anti-Trump claims.

you don't understand that rule #1 in business is to use other people's money? and you're in here acting like a wharton prof while scrambling to defend rochard's wrong statement?

this is a lol riot! :1orglaugh:1orglaugh

I love this.

So Hillary, who has never been convicted of anything is "crooked". But Trump being dragged into court, being found guilty god only knows how many times, barely avoiding jail time, is perfectly acceptable because he is a businessman?

What kind of logic is this? I want whatever it is you are drinking.

As a matter of fact... Yes. That is what the President does. That is EXACTLY what the President does.

WASHINGTON ? President Obama signed a huge tax and spending package into law on Friday following congressional votes that avoided a year-end showdown over the budget and ended legislative business until lawmakers return in 2016.

President Obama signs massive spending bill, tax measures into law

So let me ask you again.... You want to put Trump in charge of this?

:1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh

You see, this is how kids fail and repeat the 4th grade
Its $325 million silly, not $350.

- NYTimes not Rochard

1988 --------1992---------------------------------------------2004
407mil-------325mil-------------------------------------------625 mil

You see, I drew it for you :1orglaugh:1orglaugh:1orglaugh

That very first ------ is after while .. The ------------------------------------- is "much after a while" when Adbul and Ling Ling Dong sold it.

Donny retained nothing but negative numbers called liabilities... over 500 million as matter of fact. His "debt was not written off", his "late interest payments" were. The only thing he had in that hotel after "little while" sale of 1992 is the negative numbers in red color. :1orglaugh:1orglaugh:1orglaugh:1orglaugh

No, Im saying that when you buy property for $407 million on borrowed money and sell it for $325 4 years later and managed to accrue $500 million worth of debt is not a good deal. I can care less what Rochard says. I think its very bad deal. :1orglaugh:1orglaugh:1orglaugh

And no, using other peoples money is NOT #1 rule of business.

Okay, so.... I look at this list and the first one is.... Sentient Jets.

Never heard of it. I'm trying to find a connection from Sentient Jets to Trump and.... I'm coming up empty.

I did find this:

The Trump Organization, the global leader in real estate development, property management and luxury hospitality, announced an official partnership with Sentient Flight Group, the nation's leading private aviation company.

Through this powerful partnership, The Trump Organization, its patrons and residents of its properties will have special access to Sentient's full-service private aviation offerings. This affiliation will provide Trump clients the highest level of service and luxury available in private aviation. With a family of flexible product offerings and a deep commitment to service and safety, Sentient has a unique ability to meet any private travel need. The program for Trump clients will include the convenience to fly "one-off" trips to and from Trump locations, as well as preferred access to join the Sentient Jet Membership Program. Sentient Members will also receive special benefits at Trump properties. The alliance will create a unique travel experience for both Sentient and Trump clients.

So this isn't a Trump business, it's not run by Trump.... It's a partnership where Trump clients will have "special access" to the planes Sentient Jets owns, and Sentient Jets clients will have "special benefits" at Trump properties.

This isn't a Trump success story. It's a business that isn't owned by Trump.

jtfc, now you're nitpicking that i didn't recollect the exact amount rochard was wrong about.

you put a lot into this post btw, rochard's stoked you're covering for him. :1orglaugh

yeah right, investing personal savings in a business is rule #1.

:1orglaugh:1orglaugh is that another rochard business mantra you're defending?

Why do our very least intelligent keep parroting phrases that a simple google search proves wrong?

He's never been found guilty, he was never at risk for jail time.

Hillary's unintelligent base will say anything, it appears

Lets ask Warren Buffett or George Soros :1orglaugh:1orglaugh:1orglaugh

Once again ypu are confused. Its called "disposable income" not savings.

29 Warren Buffett Quotes on Investing & Life | Rule #1 Investing

http://static6.businessinsider.com/i...-by-age-16.jpg

Mark Cuban Questions Whether Trump Is Actually A Billionaire


Billionaire entrepreneur Mark Cuban on Wednesday questioned whether Donald Trump is actually a billionaire, saying Trump?s lack of transparency with his finances makes his net worth difficult to determine.

?I know what I?m good at, and I know what I?m not good at. I?m not so sure Donald knows what he?s not good at,? Cuban said on 77 WABC?s Bernie and Sid.

Cuban said Trump was good at putting his name on big buildings and licensing his name on hotels, but it isn?t clear how much money that has made him. ?He?s good at that. Whether or not that?s made him a billionaire, I don?t know,? Cuban said. ?He?s not transparent enough for us to actually know.?

Cuban said he went over Trump?s FEC filings and saw Trump was ?horrible? at many aspects of business.

?I think he?s good at real estate; I do give him a lot of credit there. I think he?s good at branding real estate,? he said. ?I don?t think he?s very good at brands for non?real estate products. And, to me, it?s more a reflection of desperation.

?So when you?re putting your name on steaks, and you?re putting your name on water, you?re putting your name on playing cards, you?re putting your name on all this nonsense, right? You?re not gonna make big bucks, no matter what. It?s not like Trump Steaks were gonna make him $100 million. It?s not like it was gonna make him $5 million.?

?I asked, ?What the hell are you doing?? Are you that desperate for money?? Seriously,? Cuban said, saying Trump couldn?t say no if someone was going to write him a check.


:1orglaugh:1orglaugh

thanks for proving my post:

1) Buffett’s Only Two Rules For Investing…

“Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1”

the only way to guarantee not losing your money is to not use your money. it's simply another way of stating exactly what i stated.


owned.


ahahahahahahahahaha

He's a beast!

Cuban for Hillary's VP, or President 2020

https://img.buzzfeed.com/buzzfeed-st...64800628-9.jpg

did you see him on the billboard awards? it looked like he got a botched plastic surgery job.

No, never lose money means being "perfect" businessmen. No-one is perfect Buffet invested plenty of his money in gold in stock. Would you like to argue that :1orglaugh:1orglaugh:1orglaugh

Owned... :1orglaugh:1orglaugh:1orglaugh

Warren Buffett's 6 best investments of all time - Fortune

:1orglaugh:1orglaugh:1orglaugh:1orglaugh

Warren Buffett says he's lost $2 billion on IBM

Warren Buffett says he's lost $2 billion on IBM - Nov. 9, 2015

I want to see trump tampons, trump preparation-h and trump adult diapers.

Done.

http://www.freakingnews.com/pictures...rt--107403.jpg

The Federal government sued him for $750k. And won.

Seems this is a pattern with Trump and the Federal government.

1. that was almost THIRTY years ago... maybe it's time to get some fresh material instead of digging up shit from his childhood? :1orglaugh :error
2. it was some bullshit administrative fine, not unlike filing your taxes 2 days late and paying a fine...

buffet an investor. he's not a developer or a business start-up guy.

i mean let's get real, according to that buffet's rules of business link you posted, his #26 rule is

26) Choose Your Heroes Wisely

“Tell me who your heroes are and I’ll tell you who you’ll turn out to be.”


yes, that's a business rule. :1orglaugh:1orglaugh:1orglaugh

According to Trump's 2015 Financial Disclosure Form, which was filed with the Federal Elections Commission, his personal earnings from Trump Ice in the previous year was $280,000

Thats why its at #26. :1orglaugh:1orglaugh:1orglaugh First 10 would do, after that he's just talking out of his ass.

Lets debunk his real estate than... What does he know about real estate? Old man... Pfffft.. :1orglaugh:1orglaugh:1orglaugh

Buffettâ??s annual letter: What you can learn from my real estate investments - Fortune

Please ... continue.. Don't let some old mans words stop you :1orglaugh:1orglaugh:1orglaugh

Trump Ice (Shut down in 2010)

Sure :1orglaugh:1orglaugh:1orglaugh

I have 6 pack of Zima.

Completely brain dead moronic question. What's worse is the Moronic Plague that try to answer it.
How do you even take a shit during the day

.

What exactly makes you think that? I see no indications of that in my searches. Unless you don't know that Trump Ice is Trump Ice Spring Water: Donald J Trump Hotel Collection Real Estate Casinos Golf Clubs Financial University Restaurants Merchandise Corporation Company

You're not aware of the difference between real estate investing and real estate developing?

Donald Trump is the modern day PT Barnum.

Um.... A $750k fine is not some "bullshit administrative fine". Trump has a long history of fighting tooth and nail not to pay taxes. He has over 3500 lawsuits against him.

Let's be serious here.

of course it's a bs fine, he filed some paperwork late, or perhaps not at all... could have happened to anyone, doesn't exactly make him a criminal like you make it sound like...

I'm sure just about anyone in this thread is breaking some law... even you, for example you are/were operating a business out of a "residential" zoned property? that's not exactly 100% legit in many areas, even though it's only an internet based business, it's still technically illegal in many areas and you could get fined and/or dragged to court for it...

and nothing at all wrong with defending yourself, any wise person would do the same... wouldn't you hire a lawyer and try to get the best deal possible when you get audited by the IRS or any other government agency? of course you would, nothing wrong, or unethical about it...

You din't read again, naughty boy :1orglaugh:1orglaugh:1orglaugh
Old man has all kinds of real estate developments. Starting from Nebraska ranch and all the way to NYC luxury apartments. Bad boy, baaaad.... :1orglaugh:1orglaugh:1orglaugh:1orglaugh