- This topic has 159 replies, 14 voices, and was last updated 9 years, 2 months ago by JoB.
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November 6, 2016 at 10:51 pm #863815
J242Participanthttp://www.politico.com/story/2016/10/donald-trump-wall-street-effect-markets-230164
http://money.cnn.com/2016/09/26/investing/donald-trump-first-debate/
http://www.marketwatch.com/story/the-stock-market-could-crash-if-donald-trump-is-elected-2016-10-31
National and international groups are all barking the same alarm. A Trump victory would create instability and chaos in the market. But, you know more than them right?
November 6, 2016 at 10:56 pm #863816
J242ParticipantA reminder to you Dave, Trump uses people like you and spits you out paying only 80% and sometimes as low as 50% of what was agreed to in LEGALLY BINDING CONTRACTS! If you think that’s “just good business” it’s no wonder you haven’t been successful lately. You actually have to pay those pesky “people” that do that actual work for you.
http://fortune.com/2016/09/30/donald-trump-stiff-contractors/
November 6, 2016 at 11:42 pm #863819
JanSParticipantDave…it’s all in your head. And again with the insults. You are simply as delusional as Donald Trump..I cannot take you and your condescending insults any more. Tuesday can’t come soon enough…
November 6, 2016 at 11:56 pm #863822
JanSParticipantnot on topic, but sort of
was on 60 minutes this evening. Sorry about the commercials…mute them, I guess..I find them seriously awful..but this was really interesting..
http://www.cbsnews.com/news/60-minutes-american-voters-on-trump-clinton/
November 7, 2016 at 12:00 am #863824
J242ParticipantDon’t worry JanS, he’s a Yuge deal in his own mind and always will be regardless of the facts that clearly show otherwise.
November 7, 2016 at 12:00 am #863825
captainDaveParticipantJ242: What do you expect Wall Street pundits to say? They bought Hillary and depend on her to do things that continue to take wealth from US citizens to pump the markets for her elite supporters. Get up to speed!–at least follow Bernie’s bouncing ball. Keep in mind that “they” threatened the same instant chaos on the Brexit vote too–which didn’t materialized. However, the markets are going to eventually crash no matter who wins because they are way overvalued.
Trump sure gets a lot of buildings put up for supposedly not paying people. Your assessment does not seem to make much sense. Just like your assumption that I am not successful. If I wasn’t, I would not be complaining about excessive taxation. I do just fine without employees. But I am sure there are some who would love to get involved with the things I do. It’s too bad your socialist government wants to keep them poor.
November 7, 2016 at 6:03 am #863829
JoBParticipantJKB..
nope. i meant you
i posted that Captain Dave’s personal comment about me offended mei hope when i offend i do so with ideas
not with personal comments about the poster..November 7, 2016 at 6:05 am #863830
JoBParticipantCaptain Dave..
Trump’s latest hotel in Canada is filing for bankruptcy..
is that your measure of success?and why should we worry about Hillary being “bought” by Wall Street
but ignore Trump’s outstanding loans..??????????
- This reply was modified 9 years, 2 months ago by JoB.
November 7, 2016 at 7:07 am #863833
miwsParticipantJ242, FWIW, maybe a couple months or so back I made two or three attempts at posting a rather lengthy comment, and it never posted.
It was a passionate reply to somebody, but I don’t think there was any language in it that would have been snagged by a filter.
The only thing I could think of is that due to the length, and the importance of the comment, I typed it up in Grammarly, or possibly Word to C&P to the Forum. I figured it had been caught by a Spam filter due to such a long comment being dumped into the Forum comment box all at once.
Mike
November 7, 2016 at 10:51 am #863847
captainDaveParticipantmiws: I have had the same problem too a few times. If you write something long, copy it to a text file before you post. I think its a glitch in the system and not a filter. Otherwise everything I post would be filtered out! :)
JoB: You said: “why should we worry about Hillary being “bought” by Wall Street
but ignore Trump’s outstanding loans” Because loans to companies are specific contracts with recorded obligations defining how they are to be paid back with actual money. Bribes paid to the Clintons have non-recored obligations that are for a wide range of political favors at unknown costs to us tax payers. –Big difference.Corporate bankruptcies, where large assets are involved, usually are just re-organization of debt. Much of the time, everyone eventually gets paid–just not as fast as the loan contracts specify. Without bankruptcy laws, you would have a much diminished economy. Bankruptcy laws protect employees that work for companies who experience market or cashflow disruptions. Without bankruptcy law, Amazon would not be here today.
You should really get educated about the subject before pushing such a deceitful narrative.
November 7, 2016 at 12:26 pm #863862
JoBParticipantCaptain Dave..
Trump doesn’t pay his loans back. he bankrupts…
And Trumps loans have international roots.. some of which aren’t going to want to follow the dictates of an American bankruptcy court…but hey.. why should you worry? Trump would never lie, cheat, steal or try to wiggle out of his obligations … except.. he has a proven track record of doing exactly that.
somehow i think giving him America as a business bargaining chip wouldn’t turn out so well for us.. it sure didn’t turn out well for the businesses that invested in him.. you know those little guys you keep going on about.. but don’t really care so much about.. “Much of the time, everyone eventually gets paid–just not as fast as the loan contracts specify.”.. You forgot to add or as much… and if they can’t afford an attorney to represent them they are unlikely to get paid at all..
it’s ok to cheat them and employees and… and.. and…
that’s business?
- This reply was modified 9 years, 2 months ago by JoB.
November 7, 2016 at 1:29 pm #863872
captainDaveParticipantJoB: You are starting to sound like a petulant child by repeating your wild assertions. Check your facts, learn about corporate bankruptcies and get back to me. Here is a place to start:
Donald Trump’s Bankruptcies
http://www.snopes.com/2016/08/01/donald-trumps-bankruptcies/Why do you think politicians and lawyers know more about economic matters than people in business? 20 trillion in debt with a flat economy seems to indicates that it hasn’t worked out so well for us.
November 7, 2016 at 2:12 pm #863876
JoBParticipantCaptain Dave..
schooling an old accountant on Bankruptcies is probably not going to work out well for you.
but.. just so you understand.. i am going to use Trump’s own words…when a business bankrupts and continues in operation.. it is because the courts have given them the opportunity to renegotiate their debt… often at substantial discounts.
Again, in simple terms.. that means that even though you may have a signed contract for a specific amount of money to be paid within a specific amount of time for a specific service.. when the company bankrupts you may not get paid for years even if you have already delivered the service and if you do get paid it will be substantially less than that which you contracted.
at one time, employees were shielded from renegotiation, but that is no longer true in most states.. so you might or might not get paid for the work you already completed.. and if you do get paid it is likely to be less than you earned… and if you had any kind of pension agreement with that company it is likely to be gone…
Taking that a step further.. if you are a business that competed for a contract by cutting your margins to the bone.. and Trump is known for squeezing contractors… it is likely that your business won’t survive the renegotiation process…
which by the way.. triggers more bankruptcies… and those bankruptcies can trigger even more bankruptcies … the suppliers they can no longer pay.
This is far from a benign process… somebody ends up picking up the tab and it isn’t the company that “renegotiated” their contracts through a bankruptcy process…
frankly.. i am too tired to school you on that throwaway line of yours about the debt..
but you are as mistaken about what caused the debt, how bad it is and whether our economy is flat as you were about whether or not bankruptcies impact those whose contracts get “re-negotiated”.
November 7, 2016 at 2:32 pm #863883
J242Participanthttp://www.motherjones.com/politics/2016/10/trump-files-time-trumps-lawyers-sued-trump
Even his own lawyers have sued him for failing to meet contractual requirements and underpaying.
November 7, 2016 at 2:52 pm #863889
JanSParticipantNovember 7, 2016 at 3:29 pm #863901
JKBParticipantAnd note that Trump’s far from unique in using big-money tactics to squeeze smaller players out.
Paul Allen did similar things with arena construction in Portland. And twice I’ve had pre-IPO stock simply voided by the board.
November 7, 2016 at 3:32 pm #863904
captainDaveParticipantJansS: Why is the health of the lender of any consequences to Trump’s companies if he already has the money? I am pretty sure the loan terms would have been established when the loan was drawn. Do I care about the financial health of my mortgage lender? No. If they fail, then I just pay my payments to whomever takes over the loan. Who cares? I don’t owe any allegiance to banks or credit card companies just because I use them.
J242: You already posted that. So what? He didn’t pay some lawyers their entire bill. I hope he starts a trend. Most of them overcharge. Nobody is really worth $1000 an hour to do legal work. Why is it ok for doctors to always get their invoices cut down by the insurance companies? Find something relevant to discuss. This is boring.
November 7, 2016 at 4:25 pm #863909
JTBParticipantcD, your response to JanS about Trump’s relationship with his lenders indicates either you didn’t read the article she provided, or didn’t understand it. The notion that “he already has the money” is simply wrong, glaringly wrong, incomprehensibly wrong. The point is that he is a huckster. So much so that his sources for providing funding are increasingly dwindling. So much so that he is reliant on earning fees for using his brand name to others who actually have real money to invest in projects. Even that has faltered in the aftermath of his deplorable campaign which has led investors in several Trump Hotel projects to seek to remove his name from the property.
I truly hope you didn’t read the article. Otherwise, we are left of come to conclusions about your reading comprehension. Mmmm, given your acceptance of Mr. d’Souza as a credible source of anything, I am left to refer to my comments on redblack’s thread about sources.
November 7, 2016 at 4:42 pm #863910
redblackParticipantJTB: i just had a post disappear into the ether. thanks, dude. you broke the internet.
it was a long and thoughtful opinion on why government(s) should be reaping the benefits of increased tax receipts during a boom cycle, repaying the social security trust fund, and repaying debt.
too tired to re-do. your loss. :P
November 7, 2016 at 5:22 pm #863912
J242ParticipantDave: “You already posted that. So what? He didn’t pay some lawyers their entire bill. I hope he starts a trend. Most of them overcharge. Nobody is really worth $1000 an hour to do legal work.”
So, you’d be okay being hired to perform a service and have me say “Nah, I don’t think your work is worth what I already said I would pay you. Even though you totally delivered above and beyond what I asked for, I’m only paying you 75 cents on the dollar. Deal with it.” to you? I highly doubt that. There’s also a reason I’m re-posting, you don’t seem to understand that he regularly operates in bad faith. He does not have ethical business standards and he’s not very successful compared to his peers or anyone with an index funds investment.
http://www.motherjones.com/politics/2016/07/trump-files-donald-sued-other-people-named-trump
You should check some of the 100+ reports they link to.
“Find something relevant to discuss. This is boring.”
Something relevant? How is the fact that he’s been successfully sued repeatedly for his business and personal failures not relevant to the fact that your candidate of choice is morally, ethically and professionally devoid of merit? That IS the point. Our POTUS is the highest representative of our country and if his campaign has to take away his Twitter access to keep him from personally insulting even more people that is not a good spokesperson for our nation.
November 7, 2016 at 8:38 pm #863929
captainDaveParticipantJTB: Yes I did read the article. We are electing a president, not a dictator. If there is a conflict of interest, Trump simply recuses himself from the decision process just like on any corporate board where a conflict would arise. That’s a common occurrence in the business world. $364m is not a big loan in relation to the asset values anyway–and what is the current debt vs. the amount stated from a few years ago? Was the loan paid off, swapped out, re-packaged, or what ever–you have no idea. …And is Trump the personal guarantor? I doubt it. Would a US president even be involved with making decisions about a specific bank issue like this? Congress makes the law, regulators enforce it. Parroting stuff without questioning details makes it look like you didn’t put any critical thought into your post. Attacking Trump’s private business affairs does not negate Hillary’s blatant corrupt against the public trust.
November 7, 2016 at 9:12 pm #863933
JTBParticipantcD, I was going to respond to the issue of how Trump handles himself in his business dealings as revealed by his history of stiffing vendors and investors, but I’m feeling like it’s time to quit the pretense and get down to the fundamental fact that he is clearly emotionally unstable. That’s not to say out and out psychotic, but more lacking the necessary temperament to manage his own emotions. He’s demonstrated that repeatedly throughout the campaign. That’s enough right there.
November 7, 2016 at 10:25 pm #863942
captainDaveParticipantJ242: It doesn’t seem like you have much more than a very basic understanding of business. There are numerous situations where negotiation after the fact is just common practice. Your doctor, for instance, might send a bill to an insurance company for $30K knowing that it will be negotiated down to $22K or whatever by the insurance company. In another example, I was involved with a dot-com company years ago that negotiated a $500K legal bill down to $150K and some stock options. That’s the way it works. Lawyers, doctors insurance companies, property developers and so-forth build negotiation into their respective business models. Business relationships of this nature are not like employment contracts. And yes, I have negotiated bills down after the fact with engineering and design clients many times and continued doing work for them. If Trump had done anything criminal, he would have been in jail by now. Trump does not have the same government protections as Hilary Clinton.
November 7, 2016 at 10:25 pm #863943
captainDaveParticipantJTB: I have done business in NY. While Trump has a peculiar demeanor by West Coast standards, I don’t find him that far off base. He is narcissistic like anyone running for high level public office, but he has a close family and lots of loyal employees that indicate a success in working with people. He certainly says what’s on his mind and doesn’t hold back where Hillary is a very refined politician–She can comfortably say one thing to the American people, and something different to Wall Street (the same old crap we have dealt with for years). I don’t trust for a minute that Hillary is going to make a better America with promises of more free stuff while raising taxes and closing more small businesses. Wall Street will benefit under her with more corporate ownership of American homes and cheap foreign labor to make higher profits. Trump could not have built all the things he has done if he was as dysfunctional as you claim. I probably have as much distain for Hillary’s untrustworthiness as you have for Trump’s brash attitude. So be it. We will see where the chips fall very soon.
November 8, 2016 at 6:40 am #863976
waynsterParticipantfinely its over after today except…….
http://www.gocomics.com/nonsequitur/2016/11/07 -
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