Political discussions about everything
#103719
Georgia Democrats selected the first black woman to be a major party nominee for governor in the United States on Tuesday, choosing Stacey Abrams, a liberal former State House leader, who will test just how much the state’s traditionally conservative politics are shifting.

Commentary: My $200,000 Debt Should Not Disqualify Me For Governor of Georgia. I went on to Yale Law School, and eventually landed my first law firm job, where I made $95,000—three times what my parents made, combined. But despite earning nearly six figures, my financial situation was fraught. I had swiftly turned every credit card application into those magical slivers of plastic that allowed me to pay for daily necessities.

I have made money mistakes, but I have never ignored my responsibilities; I will meet my obligations—however slowly but surely. I will pay my past due taxes but first I have to deal with necessities, I think my supporters understand family come first.
Stacey.JPG
Stacey.JPG (25.36 KiB) Viewed 4137 times
#103746
Well this morning she said Obama called her to congratulate her and said he would be offering his full support. Now what is about that woman that make Obama want to support her?
I guess that means he and Moo will have her as a guest on their TV show...
Or maybe he will offer to pay her taxes for her.... :lol: :lol: :lol: :lol:
#103830
Unfortunately for you Johnnie that's a lie...but don't the truth get in your way. Just like the six casinos that he bankrupted.
Yep you libtards can't figure out why Trump is a billionaire when he should be broke according to your logic. I love it when someone that knows nothing about business, calls someone who turns a million into billions a looser. :lol:
#103859
RealJustme wrote:
Unfortunately for you Johnnie that's a lie...but don't the truth get in your way. Just like the six casinos that he bankrupted.
Yep you libtards can't figure out why Trump is a billionaire when he should be broke according to your logic. I love it when someone that knows nothing about business, calls someone who turns a million into billions a looser. :lol:
Unfortunately for you Justme that's a lie...but don't the truth get in your way. Just like the six casinos that he bankrupted.

:lol:
#103879
Unfortunately for you Johnnie that's a lie...but don't the truth get in your way. Just like the six casinos that he bankrupted.
You mean six of his operations out of 320 that didn't perform to his standards. Trump is doing the same thing to government operations, they don't perform, he's holding them accountable. His executive order making it easier to fire under performing federal employees have libtards melting down.
#103880
elklindo69 wrote:
RealJustme wrote:
Unfortunately for you Johnnie that's a lie...but don't the truth get in your way. Just like the six casinos that he bankrupted.
Yep you libtards can't figure out why Trump is a billionaire when he should be broke according to your logic. I love it when someone that knows nothing about business, calls someone who turns a million into billions a looser. :lol:
Unfortunately for you Justme that's a lie...but don't the truth get in your way. Just like the six casinos that he bankrupted.

:lol:
Thanks for admitting you dont know the difference between a chapter 7 and an 11.. or is it you just love to spew your hate and lies..

Chapter 7:

This is a liquidation bankruptcy, sometimes called “straight bankruptcy”. The principle advantage is that the debtor comes out without any future obligations on his discharged debts. However, bankruptcy does not wipe out most mortgages or liens. If a debtor wants to keep an item (Ex: house or car) which is security for a loan, he/she must continue these payments. If the debtor wants to discharge that car loan, then he/she must surrender the car to the creditor that holds the lien.


Trump filed a Chapter 11.. you fucking moron look it up before you take a shit an waller in it.
#103881
elklindo69 wrote:
RealJustme wrote:
Unfortunately for you Johnnie that's a lie...but don't the truth get in your way. Just like the six casinos that he bankrupted.
Yep you libtards can't figure out why Trump is a billionaire when he should be broke according to your logic. I love it when someone that knows nothing about business, calls someone who turns a million into billions a looser. :lol:
Unfortunately for you Justme that's a lie...but don't the truth get in your way. Just like the six casinos that he bankrupted.

:lol:
Thanks for admitting you dont know the difference between a chapter 7 and an 11.. or is it you just love to spew your hate and lies..

Chapter 7:

This is a liquidation bankruptcy, sometimes called “straight bankruptcy”. The principle advantage is that the debtor comes out without any future obligations on his discharged debts. However, bankruptcy does not wipe out most mortgages or liens. If a debtor wants to keep an item (Ex: house or car) which is security for a loan, he/she must continue these payments. If the debtor wants to discharge that car loan, then he/she must surrender the car to the creditor that holds the lien.


Chapter 11:

Chapter 11 is the chapter used by large businesses to reorganize their debts and continue operating. Corporations, partnerships, and limited liability companies cannot use chapter 13 to reorganize and must cease business operations if a chapter 7 bankruptcy is filed. Chapter 11 cases are by far the most complicated of bankruptcy cases, and as a result, there are very few law firms that handle chapter 11 cases, but many times individuals and companies cannot obtain the relief they need under chapter 7 or chapter 13, thus a chapter 11 is their best option.


Trump filed a Chapter 11.. you fucking moron look it up before you take a shit an waller in it.
#103885
Clownkicker wrote:namandgulfdumbfuckstuntdouble, please post a quotation of anyone saying, or even suggesting, that Trump ever filed for chapter 7 bankruptcy, you fucking moron.

Thanks in advance.
This is what your buddy Elkdoofus posted shit for brains


Unfortunately for you Johnnie that's a lie...but don't the truth get in your way. Just like the six casinos that he bankrupted.

:lol:

elklindo69

Posts: 4492
Joined: Wed Jun 13, 2012 5:49 pm
#103888
See, namandgulfdumbfuck, your own post proves elklindo didn't say a thing about chapter 7 bankruptcy, did he. He only said Trump bankrupted the casinos, which he did. But you're so stupid you don't understand that filing Chapter 11 is also bankruptcy.

Don't take my word for it, dumbfuck. Let's ask the U.S.Courts, shall we? There's a link and everything, so you know it's a fact, unlike your idiotic blubbering on the subject.
"A case filed under chapter 11 of the United States Bankruptcy Code is frequently referred to as a "reorganization" bankruptcy."-uscourts.gov
http://www.uscourts.gov/services-forms/ ... tcy-basics

You're so stupid you don't understand that by admitting Trump filed Chapter 11, you just admitted Trump bankrupted the casinos, you ignorant turd. :lol: :lol: :lol: :lol: :lol: :lol:

See namandgulfdumbfuck, if you would learn to read and comprehend and get your head out of Trump's asshole...Maybe just maybe you might learn something.

Thanks for playing, dimwit. :lol: :lol: :lol: :lol: :lol: :lol:


As an added bonus, let's see what Trump's $1.2 billion boondoggle is really worth....

"Donald Trump wrote “The Art Of The Deal,” but it was Florida's Seminole Indians who made a truly amazing deal to buy the opulent casino built by the man who is now president of the United States.

The Trump Taj Mahal, the Atlantic City, N.J., casino that the real estate mogul built for $1.2 billion in 1990, went for 4 cents on the dollar when it was sold in March. Documents filed with the Securities and Exchange Commission on Tuesday revealed the price billionaire Carl Icahn got from Hard Rock International for the shuttered casino: $50 million. The sale was publicized at the time, though the purchase price wasn't."-latimes
http://www.latimes.com/business/la-fi-t ... story.html

So Trump paid $1.2 billion for a dump actually worth $50 million.
The real art of the deal was done by the Seminole Indians. sillydummy will absolutely hate that a bunch of Native Americans put Trump's lack of business ability into perspective. :lol:

You clowns will never understand Trump's gross incompetence.
#103893
Clownkicker wrote:See, namandgulfdumbfuck, your own post proves elklindo didn't say a thing about chapter 7 bankruptcy, did he. He only said Trump bankrupted the casinos, which he did. But you're so stupid you don't understand that filing Chapter 11 is also bankruptcy.

Don't take my word for it, dumbfuck. Let's ask the U.S.Courts, shall we? There's a link and everything, so you know it's a fact, unlike your idiotic blubbering on the subject.
"A case filed under chapter 11 of the United States Bankruptcy Code is frequently referred to as a "reorganization" bankruptcy."-uscourts.gov
http://www.uscourts.gov/services-forms/ ... tcy-basics

You're so stupid you don't understand that by admitting Trump filed Chapter 11, you just admitted Trump bankrupted the casinos, you ignorant turd. :lol: :lol: :lol: :lol: :lol: :lol:

See namandgulfdumbfuck, if you would learn to read and comprehend and get your head out of Trump's asshole...Maybe just maybe you might learn something.

Thanks for playing, dimwit. :lol: :lol: :lol: :lol: :lol: :lol:


As an added bonus, let's see what Trump's $1.2 billion boondoggle is really worth....

"Donald Trump wrote “The Art Of The Deal,” but it was Florida's Seminole Indians who made a truly amazing deal to buy the opulent casino built by the man who is now president of the United States.

The Trump Taj Mahal, the Atlantic City, N.J., casino that the real estate mogul built for $1.2 billion in 1990, went for 4 cents on the dollar when it was sold in March. Documents filed with the Securities and Exchange Commission on Tuesday revealed the price billionaire Carl Icahn got from Hard Rock International for the shuttered casino: $50 million. The sale was publicized at the time, though the purchase price wasn't."-latimes
http://www.latimes.com/business/la-fi-t ... story.html

So Trump paid $1.2 billion for a dump actually worth $50 million.
The real art of the deal was done by the Seminole Indians. sillydummy will absolutely hate that a bunch of Native Americans put Trump's lack of business ability into perspective. :lol:

You clowns will never understand Trump's gross incompetence.
And yet again you missed the point and just had to throw in your little spin.... Try to focus spin queen.

Ellk sad Trump bankrupted the casinos. No he did not bankrupt them. He filed a chapter 11 to reorganize..

Reorganized means just that. It does not mean to Bankrupt as in dissolve.
Bankrupt means to get rid of, do away with.

FYI this is old news and no one but you and Elkcrap give a shit. But at least get the facts correct
#103894
Anybody in business, or any individual, has to use whatever laws exist at the time.

If you dislike the bankruptcy law, then lobby Congress to change it.

I've explained many times to Elkin the difference between an individual going bankrupt (which Trump never did) and putting a given company under such procedures.

Elkin knows the truth, but is so far to the Left that he is delusional.
#103898
RealJustme wrote:
More made up stupid shit from The Tool. (That means LIES)
Any information you libtards don't like you call a lie, you even deny that Trump is your President. :D
What do you expect out of a couple of Marxist George Sorows puppets who hate this country
#103900
"Ellk sad Trump bankrupted the casinos. No he did not bankrupt them. He filed a chapter 11 to reorganize.."-completemoron

Yes, he DID bankrupt them, you imbecile. You just admitted it again when you said he filed a chapter 11. :lol:
A Chapter 11 bankruptcy is still a bankruptcy.
And it isn't "my" spin, dimwit. It's the law according to the U.S. Government.
You're the one desperately trying to spin a Chapter 11 bankruptcy into somehow not being a bankruptcy. :lol: :lol:

"A case filed under chapter 11 of the United States Bankruptcy Code is frequently referred to as a "reorganization" bankruptcy."-uscourts.gov
http://www.uscourts.gov/services-forms/ ... tcy-basics
Trump filed for "reorganization bankruptcy", dimwit. It isn't disputed. He actually brags about it.


"Bankrupt means to get rid of, do away with."-namandgulfmadeupstupidshitter

No, you don't get to pull shit out of your asshole, namandgulfdumbfuck.
bankruptcy: declared in law unable to pay outstanding debts. insolvent, failed, ruined, in debt, owing money, in the red, in arrears, overleveraged, in receivership; belly up, broke, cash-strapped, flat broke, Donald Trump.
At least get the facts correct. I know that's hard when you can't read, but try. I gave you a link and everything.
#103901
#1) Trump Taj Mahal (1991): The Trump Taj Mahal casino in Atlantic City opened in 1990, with Trump financing the completion of its construction with $675 million in junk bonds at 14% interest. By the following year the casino itself was in debt to the tune of $3 billion, while Trump himself owed some $900 million in personal liabilities.

In order to keep the Taj Mahal afloat, Trump struck a deal with his lenders in which he gave up half his ownership share and equity in the casino, sold his Trump Shuttle airline and his Trump Princess 220-foot yacht, and agreed to a bank-set limit on his personal spending in exchange for a lower interest rate and additional time to make his loan payments.

#2 and #3) Trump’s Castle and Trump Plaza Casinos (1992): Less than a year after the Taj Mahal bankruptcy Trump filed for Chapter 11 protection again for two more Atlantic City hotel-casinos, the Trump Plaza and Trump’s Castle, over their inability to make principal and interest payments on bonds. The Plaza ($550 million in debt) and the Castle ($338 million in debt) were competing against each other, as well as against the Taj Mahal, and Trump gave up a 50% share in exchange for more favorable terms on the debts.

#4) Trump Plaza Hotel (1992): Donald Trump filed for bankruptcy protection a third time in 1992 over the Trump Plaza Hotel on New York’s famous Fifth Avenue, overlooking Central Park in midtown Manhattan. Once again, Trump gave up a 49% stake in the property to secure more favorable terms from lenders on the luxury hotel’s debt of more than $550 million.

#5) Trump Hotels and Casinos Resorts (2004): In 1995, Donald Trump established Trump Hotels and Casino Resorts as a publicly traded company, an entity that eventually consolidated his three Atlantic City casinos (Trump Taj Mahal, Trump Castle, and Trump Plaza), along with other properties, under one company. In 2004, Trump sought Chapter 11 bankruptcy protection for the company, with filings listing about $1.8 billion in debt. Yet again, Trump’s ownership in the business was reduced, from 47% to 27%, in order to obtain more favorable terms from lenders.

#6) Trump Entertainment Resorts (2009): After its 2004 bankruptcy, Trump Hotels and Casino Resorts was renamed Trump Entertainment Resorts (TER), and that latter entity went Chapter 11 in 2009 with a debt of $1.2 billion. Trump fought with his board of directors over how to restructure the company and ended up reducing his ownership share of the business once again (to 10%) and resigning as chairman of the board.
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