Pages: 1 2 3 … 5

 

2009-03-06 23:35:44
ATG
Banned
+5,233|6832|Global Command
What an A-hole. I hope he goes to jail.

What is it with fat cats taking peoples money and walking these days?

But admiration for the celebrity developer and star of "The Apprentice" has now turned into anger and disbelief as Trump's luxury hotel-condo plan collapsed, leaving little more than a hole in the ground and investors out of their deposits, which totaled $32.2 million.
http://www.breitbart.com/article.php?id … _article=1


Loo ooo ooo ser, yer fired.
2009-03-06 23:37:58
destruktion_6143
Was ist Loos?
+154|6929|Canada
I never like this douchebag. I as well hope he gets thrown in jail
2009-03-07 00:24:54
Reciprocity
Member
+721|6883|the dank(super) side of Oregon
his hot daughter should kill him and take control of his pretend empire.


the guy defaults on a $40m loan and then sues the lender for defamation.  that's classy.
2009-03-07 03:12:29
..teddy..jimmy
Member
+1,393|6952
Greedy rich asshole. I say American legislators get cracking and introduce laws that will tax the hell out of anyone with an annoying combover combined with ginger hair.

He must have some pretty damn clever lawyers if he can win that lawsuit. Hopefully a jury will be present because then he's buggered.
2009-03-07 04:22:58
lowing
Banned
+1,662|6954|USA

..teddy..jimmy wrote:

Greedy rich asshole. I say American legislators get cracking and introduce laws that will tax the hell out of anyone with an annoying combover combined with ginger hair.

He must have some pretty damn clever lawyers if he can win that lawsuit. Hopefully a jury will be present because then he's buggered.
Wait a second. You are calling Trump greedy, fine, but what are you calling people that INVEST into what they thought was gunna be a sure thing quick profit for them?

INVESTING is a risk, it never guarantees a profit. These people, in order to make a profit, gambled and lost. What do you call it when you EXPECT and DEMAND a return for your investment?

Might wanna look up investment and then saving to determine which is a risk, guaranteeing nothing, and which is a sure thing.

Anyway, don't look now, but these people that lost are the very people all of you love to hate for being rich and greedy and not sharing what THEY have worked for with those that couldn't be bothered with education or risk taking themselves.
2009-03-07 04:35:49
..teddy..jimmy
Member
+1,393|6952

lowing wrote:

..teddy..jimmy wrote:

Greedy rich asshole. I say American legislators get cracking and introduce laws that will tax the hell out of anyone with an annoying combover combined with ginger hair.

He must have some pretty damn clever lawyers if he can win that lawsuit. Hopefully a jury will be present because then he's buggered.
Wait a second. You are calling Trump greedy, fine, but what are you calling people that INVEST into what they thought was gunna be a sure thing quick profit for them?

INVESTING is a risk, it never guarantees a profit. These people, in order to make a profit, gambled and lost. What do you call it when you EXPECT and DEMAND a return for your investment?

Might wanna look up investment and then saving to determine which is a risk, guaranteeing nothing, and which is a sure thing.

Anyway, don't look now, but these people that lost are the very people all of you love to hate for being rich and greedy and not sharing what THEY have worked for with those that couldn't be bothered with education or risk taking themselves.
I don't care about the others...I just hate him.

I love how you're trying to sound all clever...I already know all this so stop trying to lecture me...and I bet a very large minority of those who could be bothered with an education and risk taking also made money through breaking the law.

I say American legislators get cracking and introduce laws that will tax the hell out of anyone with an annoying combover combined with ginger hair.
Although I was serious about one thing. Tax the rich=more cash.
2009-03-07 04:42:17
lowing
Banned
+1,662|6954|USA

..teddy..jimmy wrote:

Although I was serious about one thing. Tax the rich=more cash.
Sorry, didn't mean to insult you, but if you really believe this, then you do not know as much as you think you do.

Anyway, why not just come out and say what ya mean?


Punish the rich for achieving.
2009-03-07 04:43:43
ghettoperson
Member
+1,943|6952

lowing wrote:

..teddy..jimmy wrote:

Greedy rich asshole. I say American legislators get cracking and introduce laws that will tax the hell out of anyone with an annoying combover combined with ginger hair.

He must have some pretty damn clever lawyers if he can win that lawsuit. Hopefully a jury will be present because then he's buggered.
Wait a second. You are calling Trump greedy, fine, but what are you calling people that INVEST into what they thought was gunna be a sure thing quick profit for them?

INVESTING is a risk, it never guarantees a profit. These people, in order to make a profit, gambled and lost. What do you call it when you EXPECT and DEMAND a return for your investment?

Might wanna look up investment and then saving to determine which is a risk, guaranteeing nothing, and which is a sure thing.

Anyway, don't look now, but these people that lost are the very people all of you love to hate for being rich and greedy and not sharing what THEY have worked for with those that couldn't be bothered with education or risk taking themselves.
Putting a down payment on a house is not what you would consider a risky investment. It's like a deposit, to make sure that the buyer doesn't lead the seller on and then walk out on the deal. And in what sense are these people being greedy? They're buying a place to live. Sure, I'd imagine some of them bought to sell later, but from what I read in the article it sounds like a lot of ordinary people are out a lot of cash.
2009-03-07 04:44:54
Macbeth
Banned
+2,444|5888

Fuck it, I'm still going to watch The Celebrity Apprentice.
2009-03-07 04:47:12
lowing
Banned
+1,662|6954|USA

ghettoperson wrote:

lowing wrote:

..teddy..jimmy wrote:

Greedy rich asshole. I say American legislators get cracking and introduce laws that will tax the hell out of anyone with an annoying combover combined with ginger hair.

He must have some pretty damn clever lawyers if he can win that lawsuit. Hopefully a jury will be present because then he's buggered.
Wait a second. You are calling Trump greedy, fine, but what are you calling people that INVEST into what they thought was gunna be a sure thing quick profit for them?

INVESTING is a risk, it never guarantees a profit. These people, in order to make a profit, gambled and lost. What do you call it when you EXPECT and DEMAND a return for your investment?

Might wanna look up investment and then saving to determine which is a risk, guaranteeing nothing, and which is a sure thing.

Anyway, don't look now, but these people that lost are the very people all of you love to hate for being rich and greedy and not sharing what THEY have worked for with those that couldn't be bothered with education or risk taking themselves.
Putting a down payment on a house is not what you would consider a risky investment. It's like a deposit, to make sure that the buyer doesn't lead the seller on and then walk out on the deal. And in what sense are these people being greedy? They're buying a place to live. Sure, I'd imagine some of them bought to sell later, but from what I read in the article it sounds like a lot of ordinary people are out a lot of cash.
Ordinary people do not have 250,000 dollars for a deposit ( only), let alone a million dollar deposit for 4 condos. Is this where the majority of you would be asking, what does a person NEED for condos for? Then label him "greedy".
2009-03-07 04:52:30
ghettoperson
Member
+1,943|6952

lowing wrote:

ghettoperson wrote:

lowing wrote:


Wait a second. You are calling Trump greedy, fine, but what are you calling people that INVEST into what they thought was gunna be a sure thing quick profit for them?

INVESTING is a risk, it never guarantees a profit. These people, in order to make a profit, gambled and lost. What do you call it when you EXPECT and DEMAND a return for your investment?

Might wanna look up investment and then saving to determine which is a risk, guaranteeing nothing, and which is a sure thing.

Anyway, don't look now, but these people that lost are the very people all of you love to hate for being rich and greedy and not sharing what THEY have worked for with those that couldn't be bothered with education or risk taking themselves.
Putting a down payment on a house is not what you would consider a risky investment. It's like a deposit, to make sure that the buyer doesn't lead the seller on and then walk out on the deal. And in what sense are these people being greedy? They're buying a place to live. Sure, I'd imagine some of them bought to sell later, but from what I read in the article it sounds like a lot of ordinary people are out a lot of cash.
Ordinary people do not have 250,000 dollars for a deposit ( only), let alone a million dollar deposit for 4 condos. Is this where the majority of you would be asking, what does a person NEED for condos for? Then label him "greedy".
You're really not very consistent. First it was the rich have earned their money and taxing them more is wrong, now it's fuck 'em.
2009-03-07 04:59:57
lowing
Banned
+1,662|6954|USA

ghettoperson wrote:

lowing wrote:

ghettoperson wrote:

Putting a down payment on a house is not what you would consider a risky investment. It's like a deposit, to make sure that the buyer doesn't lead the seller on and then walk out on the deal. And in what sense are these people being greedy? They're buying a place to live. Sure, I'd imagine some of them bought to sell later, but from what I read in the article it sounds like a lot of ordinary people are out a lot of cash.
Ordinary people do not have 250,000 dollars for a deposit ( only), let alone a million dollar deposit for 4 condos. Is this where the majority of you would be asking, what does a person NEED four condos for? Then label him "greedy".
You're really not very consistent. First it was the rich have earned their money and taxing them more is wrong, now it's fuck 'em.
No, I am consistent, the rich take their risks, sometimes they win sometimes they loose, I do not feel sorry for them, any more than a person who has done nothing but expects everything. The difference being, it was THEIR money to risk and loose or risk and win. No one elses. This time they lost. Believe me, if they came to the taxpayer demanding reparations I would be equally as pissed.

Last edited by lowing (2009-03-07 05:01:44)

2009-03-07 05:00:01
Bertster7
Confused Pothead
+1,101|6884|SE London

lowing wrote:

..teddy..jimmy wrote:

Greedy rich asshole. I say American legislators get cracking and introduce laws that will tax the hell out of anyone with an annoying combover combined with ginger hair.

He must have some pretty damn clever lawyers if he can win that lawsuit. Hopefully a jury will be present because then he's buggered.
Wait a second. You are calling Trump greedy, fine, but what are you calling people that INVEST into what they thought was gunna be a sure thing quick profit for them?

INVESTING is a risk, it never guarantees a profit. These people, in order to make a profit, gambled and lost. What do you call it when you EXPECT and DEMAND a return for your investment?

Might wanna look up investment and then saving to determine which is a risk, guaranteeing nothing, and which is a sure thing.

Anyway, don't look now, but these people that lost are the very people all of you love to hate for being rich and greedy and not sharing what THEY have worked for with those that couldn't be bothered with education or risk taking themselves.
The project is the Trump International Hotel and Tower in Chicago, which is to be the second-tallest building in that city (after the Sears Tower). By Mr. Trump’s account, sales were going great until “the real estate market in Chicago suffered a severe downturn” and the bankers made it worse by “creating the current financial crisis.”

Those assertions are made in a fascinating lawsuit filed by Mr. Trump, the real estate developer, television personality and best-selling author, in an effort to avoid paying $40 million that he personally guaranteed on a construction loan that Deutsche Bank says is due and payable.

Rather than have to pay the $40 million, Mr. Trump thinks the bank should pay him $3 billion for undermining the project and damaging his reputation.
What were you saying about guaranteeing nothing?
2009-03-07 05:05:04
lowing
Banned
+1,662|6954|USA

Bertster7 wrote:

lowing wrote:

..teddy..jimmy wrote:

Greedy rich asshole. I say American legislators get cracking and introduce laws that will tax the hell out of anyone with an annoying combover combined with ginger hair.

He must have some pretty damn clever lawyers if he can win that lawsuit. Hopefully a jury will be present because then he's buggered.
Wait a second. You are calling Trump greedy, fine, but what are you calling people that INVEST into what they thought was gunna be a sure thing quick profit for them?

INVESTING is a risk, it never guarantees a profit. These people, in order to make a profit, gambled and lost. What do you call it when you EXPECT and DEMAND a return for your investment?

Might wanna look up investment and then saving to determine which is a risk, guaranteeing nothing, and which is a sure thing.

Anyway, don't look now, but these people that lost are the very people all of you love to hate for being rich and greedy and not sharing what THEY have worked for with those that couldn't be bothered with education or risk taking themselves.
The project is the Trump International Hotel and Tower in Chicago, which is to be the second-tallest building in that city (after the Sears Tower). By Mr. Trump’s account, sales were going great until “the real estate market in Chicago suffered a severe downturn” and the bankers made it worse by “creating the current financial crisis.”

Those assertions are made in a fascinating lawsuit filed by Mr. Trump, the real estate developer, television personality and best-selling author, in an effort to avoid paying $40 million that he personally guaranteed on a construction loan that Deutsche Bank says is due and payable.

Rather than have to pay the $40 million, Mr. Trump thinks the bank should pay him $3 billion for undermining the project and damaging his reputation.
What were you saying about guaranteeing nothing?
Read what you highlighted, his guarantee was to a bank NOT to his investors. No such thing as a guarantee when investing, investors know this.
2009-03-07 05:12:59
Bertster7
Confused Pothead
+1,101|6884|SE London

lowing wrote:

Bertster7 wrote:

lowing wrote:


Wait a second. You are calling Trump greedy, fine, but what are you calling people that INVEST into what they thought was gunna be a sure thing quick profit for them?

INVESTING is a risk, it never guarantees a profit. These people, in order to make a profit, gambled and lost. What do you call it when you EXPECT and DEMAND a return for your investment?

Might wanna look up investment and then saving to determine which is a risk, guaranteeing nothing, and which is a sure thing.

Anyway, don't look now, but these people that lost are the very people all of you love to hate for being rich and greedy and not sharing what THEY have worked for with those that couldn't be bothered with education or risk taking themselves.
The project is the Trump International Hotel and Tower in Chicago, which is to be the second-tallest building in that city (after the Sears Tower). By Mr. Trump’s account, sales were going great until “the real estate market in Chicago suffered a severe downturn” and the bankers made it worse by “creating the current financial crisis.”

Those assertions are made in a fascinating lawsuit filed by Mr. Trump, the real estate developer, television personality and best-selling author, in an effort to avoid paying $40 million that he personally guaranteed on a construction loan that Deutsche Bank says is due and payable.

Rather than have to pay the $40 million, Mr. Trump thinks the bank should pay him $3 billion for undermining the project and damaging his reputation.
What were you saying about guaranteeing nothing?
Read what you highlighted, his guarantee was to a bank NOT to his investors. No such thing as a guarantee when investing, investors know this.
As I understand it, the project fell through because Trump didn't pay the banks the money he had personally guaranteed to pay them. Therefore he is in breach of his deal with the banks funding the project AND the investors - due to him not meeting his own guarantees.
2009-03-07 05:14:22
FatherTed
xD
+3,936|6803|so randum
wonder if this means he might give up on that golfcourse
Small hourglass island
Always raining and foggy
Use an umbrella
2009-03-07 05:30:20
Reciprocity
Member
+721|6883|the dank(super) side of Oregon

lowing wrote:

Wait a second. You are calling Trump greedy, fine, but what are you calling people that INVEST into what they thought was gunna be a sure thing quick profit for them?
It sounds like these people were purchasing a product that Mr. Trump did not deliver. 

so i sell you a car, take your down payment, and then never deliver the vehicle.  you're just another loser investor?  sounds like a good plan.  i like your capitalism.
2009-03-07 05:33:11
mikkel
Member
+383|6904
Trump is a douche, but man, why would any sane human being sign on a contract like this?

Buyers pressed for updates as construction fell behind schedule. They got a bombshell letter in December that said negotiations for a construction loan from German bank WestLB AG collapsed and Trump Baja had only $556,000 left. It quoted a contract clause that gave the developer a right to spend their deposits.
Yeah, you can take my money, and if you want to spend it and leave me with nothing, sure, no worries! Let me just sign this.
2009-03-07 05:35:33
lowing
Banned
+1,662|6954|USA

Reciprocity wrote:

lowing wrote:

Wait a second. You are calling Trump greedy, fine, but what are you calling people that INVEST into what they thought was gunna be a sure thing quick profit for them?
It sounds like these people were purchasing a product that Mr. Trump did not deliver. 

so i sell you a car, take your down payment, and then never deliver the vehicle.  you're just another loser investor?  sounds like a good plan.  i like your capitalism.
Lets see, first, you do not invest in a car, and second you do not buy a car sight unseen or without test driving it.
2009-03-07 05:36:32
Bertster7
Confused Pothead
+1,101|6884|SE London

Reciprocity wrote:

lowing wrote:

Wait a second. You are calling Trump greedy, fine, but what are you calling people that INVEST into what they thought was gunna be a sure thing quick profit for them?
It sounds like these people were purchasing a product that Mr. Trump did not deliver. 

so i sell you a car, take your down payment, and then never deliver the vehicle.  you're just another loser investor?  sounds like a good plan.  i like your capitalism.
Good analogy.

Never delivers the vehicle because the dealer never pays his supplier for it and it gets repossessed.

On the other hand:

mikkel wrote:

Trump is a douche, but man, why would any sane human being sign on a contract like this?

Buyers pressed for updates as construction fell behind schedule. They got a bombshell letter in December that said negotiations for a construction loan from German bank WestLB AG collapsed and Trump Baja had only $556,000 left. It quoted a contract clause that gave the developer a right to spend their deposits.
Yeah, you can take my money, and if you want to spend it and leave me with nothing, sure, no worries! Let me just sign this.
Anyone stupid enough to sign away millions on a contract like that is going to lose their money somewhere....

Last edited by Bertster7 (2009-03-07 05:37:01)

2009-03-07 05:39:46
Reciprocity
Member
+721|6883|the dank(super) side of Oregon

lowing wrote:

Reciprocity wrote:

lowing wrote:

Wait a second. You are calling Trump greedy, fine, but what are you calling people that INVEST into what they thought was gunna be a sure thing quick profit for them?
It sounds like these people were purchasing a product that Mr. Trump did not deliver. 

so i sell you a car, take your down payment, and then never deliver the vehicle.  you're just another loser investor?  sounds like a good plan.  i like your capitalism.
Lets see, first, you do not invest in a car, and second you do not buy a car sight unseen or without test driving it.
a car was a random example.  how about a toaster?  but i suppose if you want to get that obtuse  you could invest in a car if your planning to start a taxi service.  and thousands of people buy cars online without ever seeing them.  just like people buy houses before they're built.

Last edited by Reciprocity (2009-03-07 05:46:37)

2009-03-07 05:42:38
lowing
Banned
+1,662|6954|USA

Reciprocity wrote:

lowing wrote:

Reciprocity wrote:


It sounds like these people were purchasing a product that Mr. Trump did not deliver. 

so i sell you a car, take your down payment, and then never deliver the vehicle.  you're just another loser investor?  sounds like a good plan.  i like your capitalism.
Lets see, first, you do not invest in a car, and second you do not buy a car sight unseen or without test driving it.
a car was a random example.  how about a toaster?
Sure, if you think you have found a toaster that will net you profits, go ahead invest. But, if you loose your investment don't be surprised.
2009-03-07 05:43:37
Bertster7
Confused Pothead
+1,101|6884|SE London

Reciprocity wrote:

lowing wrote:

Reciprocity wrote:


It sounds like these people were purchasing a product that Mr. Trump did not deliver. 

so i sell you a car, take your down payment, and then never deliver the vehicle.  you're just another loser investor?  sounds like a good plan.  i like your capitalism.
Lets see, first, you do not invest in a car, and second you do not buy a car sight unseen or without test driving it.
a car was a random example.  how about a toaster?
A car was a great example.

You put a deposit down on a car that the dealer has bought on credit from a supplier that he doesn't pay. When you go to collect the car it has been repossessed by the supplier. But the dealer points out you can't have your money back since the contract you signed stipulates that he can keep your deposit and spend it no matter what.

That is what has happened here.
2009-03-07 05:50:08
..teddy..jimmy
Member
+1,393|6952

lowing wrote:

..teddy..jimmy wrote:

Although I was serious about one thing. Tax the rich=more cash.
Sorry, didn't mean to insult you, but if you really believe this, then you do not know as much as you think you do.

Anyway, why not just come out and say what ya mean?


Punish the rich for achieving.
That's not at all what I mean... I'm doing a law degree in hopes of becoming rich. I come from a family who got rich off investments like these (no mean to sound snobbish but it's true). It may not work in America and I may be wrong about it but increased taxes worked in Scandinavia and look at our society. At least I have something to base my assertion on.

Last edited by ..teddy..jimmy (2009-03-07 05:52:41)

2009-03-07 05:53:43
Reciprocity
Member
+721|6883|the dank(super) side of Oregon

lowing wrote:

Sure, if you think you have found a toaster that will net you profits, go ahead invest. But, if you loose your investment don't be surprised.
does the benefit of an investment have to be monetary?  does providing a service, in this case, toasting of bread, not provide a benefit?  i suppose the alternative would be driving to a restaurant to satisfy toasting needs.

 

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