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[–] CovfefeFan ago 

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[–] HelloDolly ago 

If I had a billion dollars for every billion dollars I lost. Trump does.

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[–] Pointyball 0 points 1 point (+1|-0) ago 

If you owe the bank a million dollars, you are in trouble. If you owe the bank a billion dollars, the bank is in trouble. - Donald Trump

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[–] Revodude1 0 points 2 points (+2|-0) ago  (edited ago)

What is not mentioned is that the reason he went through those difficult times is that the tax laws were changed. This hammered the big real estate industry and associated tax shelter industry. A lot of investment money flowed into the tax shelters that created the capital for the major players. Then it was all blown up without notice. Should have had a phase in period to keep the market from crashing. Trump doubled down near the bottom and came out strong.

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[–] USAMatters ago  (edited ago)

Not only was the change in tax law not announced, so developers were unable to plan for the change in the tax law - it was retroactive (I believe) several years back.

Now that I know as much about corruption as I do - I suspect the law was passed to destroy some of the larger developers.

Larry Silverstein, the owner of the buildings (not the land) of the World Trade Center - also had a very hard time of coming through the change in the tax law.

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[–] isitjustme 0 points 2 points (+2|-0) ago 

The advertising lead-in for his show, "The Apprentice" was a bit about his losses during the time these people are discussing. He acknowledges the losses and how he learned from it... The Deep State is (validly) counting on the forgetfulness of Americans and their ability to turn something they knew years ago into new moral outrage! As long as our general population are dumbed-down by our education system and lazy reliance on the MSM's lies, we are fukked. We need to shock the general population with arrest of big name politicians.