- This topic has 565 replies, 30 voices, and was last updated 14 years, 10 months ago by
urbanrealtor.
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February 28, 2008 at 9:03 PM #162731February 28, 2008 at 9:09 PM #162337
Anonymous
GuestEven Trump has come close or filed BK on various businesses in the past
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ERADICATORFebruary 28, 2008 at 9:09 PM #162633GuestEven Trump has come close or filed BK on various businesses in the past
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ERADICATORFebruary 28, 2008 at 9:09 PM #162648GuestEven Trump has come close or filed BK on various businesses in the past
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ERADICATORFebruary 28, 2008 at 9:09 PM #162664GuestEven Trump has come close or filed BK on various businesses in the past
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ERADICATORFebruary 28, 2008 at 9:09 PM #162736GuestEven Trump has come close or filed BK on various businesses in the past
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ERADICATORFebruary 28, 2008 at 9:16 PM #162342Guestnostradamus,
In agreement with your last statement, military and church is not the place to learn about the realities of mankind – I would like to add that these are not the places to join in investments either…remember the Crossroad scam in Corona, CA???? Con-artist prey upon the religious b/c they are trusting and forgiving individuals by teachings.Sucks – but true
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ERADICATORFebruary 28, 2008 at 9:16 PM #162637Guestnostradamus,
In agreement with your last statement, military and church is not the place to learn about the realities of mankind – I would like to add that these are not the places to join in investments either…remember the Crossroad scam in Corona, CA???? Con-artist prey upon the religious b/c they are trusting and forgiving individuals by teachings.Sucks – but true
R/
ERADICATORFebruary 28, 2008 at 9:16 PM #162653Guestnostradamus,
In agreement with your last statement, military and church is not the place to learn about the realities of mankind – I would like to add that these are not the places to join in investments either…remember the Crossroad scam in Corona, CA???? Con-artist prey upon the religious b/c they are trusting and forgiving individuals by teachings.Sucks – but true
R/
ERADICATORFebruary 28, 2008 at 9:16 PM #162670Guestnostradamus,
In agreement with your last statement, military and church is not the place to learn about the realities of mankind – I would like to add that these are not the places to join in investments either…remember the Crossroad scam in Corona, CA???? Con-artist prey upon the religious b/c they are trusting and forgiving individuals by teachings.Sucks – but true
R/
ERADICATORFebruary 28, 2008 at 9:16 PM #162741Guestnostradamus,
In agreement with your last statement, military and church is not the place to learn about the realities of mankind – I would like to add that these are not the places to join in investments either…remember the Crossroad scam in Corona, CA???? Con-artist prey upon the religious b/c they are trusting and forgiving individuals by teachings.Sucks – but true
R/
ERADICATORFebruary 28, 2008 at 10:20 PM #162352
CoronitaParticipantEven Trump has come close or filed BK on various businesses in the past
R/
ERADICATORUm… Read the fine print. Bankruptcy has been around trump's businesses and less so of his personal fortunes..
You don't get it do you? For someone like Trump, bankruptcy doesn't mean disaster. It's can (and has been played out) as leverage. You forget one very key point.
If you or I go bankrupt with $10k or $100k or even $1million owed to the creditors, who's problem is it?
Answer: yours and mine.
However, if someone like trump goes bankrupt with hundreds of millions owed to the creditors, who's problem is it?
Answer: Yup, the creditors. Creditors didn't let trump's biz go bankrupt, because of the sheer size of the debt would have had drastic repurcussions. hence they bailed him out by restructuring trump business' debt.
For average joe individually, banks do give a rats ass, because we're such a small potato. In this environment though with the RE markets, it's a different story, not because of each individual matter to the bank, it's just because the sheer amount of trouble across so many people, banks have no choice but to shore things up. And frankly the problem right now isn't really the banks problem anymore…It's the government's.
Similarly, you could even make a case that the US government's debt is so unwieldy and unmanageable, it's really not our problem alone anymore.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
February 28, 2008 at 10:20 PM #162647CoronitaParticipantEven Trump has come close or filed BK on various businesses in the past
R/
ERADICATORUm… Read the fine print. Bankruptcy has been around trump's businesses and less so of his personal fortunes..
You don't get it do you? For someone like Trump, bankruptcy doesn't mean disaster. It's can (and has been played out) as leverage. You forget one very key point.
If you or I go bankrupt with $10k or $100k or even $1million owed to the creditors, who's problem is it?
Answer: yours and mine.
However, if someone like trump goes bankrupt with hundreds of millions owed to the creditors, who's problem is it?
Answer: Yup, the creditors. Creditors didn't let trump's biz go bankrupt, because of the sheer size of the debt would have had drastic repurcussions. hence they bailed him out by restructuring trump business' debt.
For average joe individually, banks do give a rats ass, because we're such a small potato. In this environment though with the RE markets, it's a different story, not because of each individual matter to the bank, it's just because the sheer amount of trouble across so many people, banks have no choice but to shore things up. And frankly the problem right now isn't really the banks problem anymore…It's the government's.
Similarly, you could even make a case that the US government's debt is so unwieldy and unmanageable, it's really not our problem alone anymore.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
February 28, 2008 at 10:20 PM #162663CoronitaParticipantEven Trump has come close or filed BK on various businesses in the past
R/
ERADICATORUm… Read the fine print. Bankruptcy has been around trump's businesses and less so of his personal fortunes..
You don't get it do you? For someone like Trump, bankruptcy doesn't mean disaster. It's can (and has been played out) as leverage. You forget one very key point.
If you or I go bankrupt with $10k or $100k or even $1million owed to the creditors, who's problem is it?
Answer: yours and mine.
However, if someone like trump goes bankrupt with hundreds of millions owed to the creditors, who's problem is it?
Answer: Yup, the creditors. Creditors didn't let trump's biz go bankrupt, because of the sheer size of the debt would have had drastic repurcussions. hence they bailed him out by restructuring trump business' debt.
For average joe individually, banks do give a rats ass, because we're such a small potato. In this environment though with the RE markets, it's a different story, not because of each individual matter to the bank, it's just because the sheer amount of trouble across so many people, banks have no choice but to shore things up. And frankly the problem right now isn't really the banks problem anymore…It's the government's.
Similarly, you could even make a case that the US government's debt is so unwieldy and unmanageable, it's really not our problem alone anymore.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
February 28, 2008 at 10:20 PM #162681CoronitaParticipantEven Trump has come close or filed BK on various businesses in the past
R/
ERADICATORUm… Read the fine print. Bankruptcy has been around trump's businesses and less so of his personal fortunes..
You don't get it do you? For someone like Trump, bankruptcy doesn't mean disaster. It's can (and has been played out) as leverage. You forget one very key point.
If you or I go bankrupt with $10k or $100k or even $1million owed to the creditors, who's problem is it?
Answer: yours and mine.
However, if someone like trump goes bankrupt with hundreds of millions owed to the creditors, who's problem is it?
Answer: Yup, the creditors. Creditors didn't let trump's biz go bankrupt, because of the sheer size of the debt would have had drastic repurcussions. hence they bailed him out by restructuring trump business' debt.
For average joe individually, banks do give a rats ass, because we're such a small potato. In this environment though with the RE markets, it's a different story, not because of each individual matter to the bank, it's just because the sheer amount of trouble across so many people, banks have no choice but to shore things up. And frankly the problem right now isn't really the banks problem anymore…It's the government's.
Similarly, you could even make a case that the US government's debt is so unwieldy and unmanageable, it's really not our problem alone anymore.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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