politics @lemmy.world Rapidcreek @lemmy.world 8 mo. ago

Why Won’t Rich Republicans Loan Money to Upstanding Businessman Donald Trump?

nymag.com Why Won’t Rich Republicans Loan Money to Upstanding Businessman Donald Trump?

My theory is that Trump is, in fact, a crook.

48 comments

I mean let's be honest, you gotta be some special kind of stupid to give money to somebody who bankrups a casino, let me repeat a CASINO
- Multiple casinos.
  
  And he doesn’t even drink. Which calls to mind Hunter S. Thompson:
  
  “It was Bogart who said, ‘You can't trust a man who doesn't drink.’ And it was Raoul Duke who said, ‘I'd never buy a used car from Nixon unless he was drunk.’”
- It's literally a free money from dumb people machine that he bankrupted by using it as his personal piggy bank.
  
  Now he's turned the RNC into a free money from dumb people machine and he's using it as his personal piggy bank.
- During the CASINO BOOM!!! Then as a little footnote, gets bailed out by Wilbur Ross, who becomes secretary of commerce. The coal baron Wilbur Ross.
  
  The slipper guy. Is he dead yet? He fell asleep at his own hearing.
Well Donald doesn't have half a billion dollars, but you know who does?

Taylor Swift

Maybe he could ask her....wait...,that won't work...nevermind
- I would fucking love if she just came out and said 'I could afford that. Why can't you?'
  
  I would love for anyone to say that, especially someone who isn’t famous.
  
  She can't.. the y'all-queda would attempt to murder her. :/
  
  He's lying to pressure the judge to lower it as if it was a business deal negotiation. Trump and his family can easily access their billions. Jared was paid $2 billions by the saudis, he can give him half.
  
  O.M.G.
Permanently Deleted
- That Trump, wanna be dictator, of German descent, loves authoritarians, has been reading Mein Kampf, and thinks Hitler "did some good things" would be too much on the fucking nose even for a movie script to add to the list.
The real question is why does someone who claims to be worth around $6B need a loan at all? It just doesn't make sense. /s
- Serious answer: Because most wealth isn't liquid and liquation can take a while.
  
  EDIT: In general, obviously not the case now
  
  This is an attempt to secure a bond. To secure that bond he needs to put up collateral. His lawyers said banks are asking for collateral around $550 million or something, higher than the value of the bond. I can’t recall off the top of my head the actual value.
  
  His lawyers said he is unable to provide that collateral.
  
  Which means that his assets can’t cover the bond. Unless I’m misunderstanding something.
  
  Very false, anyone with actual money and assets has proper valuations gathered and strong relationships with banks and partners, if at any point they need access to that money they would have a line up of people ready to fiance them short term.
  
  I don't have anywhere near a billion but if I need access to liquid assets I have a ton of ways to do that.
  
  If any of his financial claims were true and could be verified with documents he would have had his money within an hour.
  
  The threat of prison tends to expedite financial transactions.
  
  You don't understand things that the news says and just repeat them like a parrot.
you don't get rich by throwing away money (they'll never be repaid on that "loan").

They want a winning candidate to give them tax breaks. They don't care about the other stuff. (Hmmm I wonder what that will mean. Trump is setting it up so that political donations go to him personally. Rich donors will see through that.)
- Tax breaks are just one of many things they expect to get, but yeah.
  
  Hand jobs?
I’m tired of living in 2016.
- Jokes on you, I'm living in 2020
  
  Invest in Ivermectin. Trust me.
Because businessmen expect ROI. Regardless of how upstanding they may or most definitely not be.
- Plus, why lend the money when you can circle back around and scoop up the assets for a bargain after he declares bankruptcy?
Didn't his son say they get all the money they need from Russia? His buddy just won re-election over there, maybe he can help him out.
I already love the smartass title of the article. “Upstanding Businessman” lmao
If he actually was an "Upstanding Businessman", they actually might. Need more reasons why they don't?
My theory is that Trump is, in fact, a crook.

well it looks like the last horse finally finished the race. congrats! not the sharpest knife in the drawer though.
- I don't understand this comment, even if meant sarcastically.
  
  They're making light of the fact that only now has the author come to the conclusion that Trump is a crook, something known by most of the world years, if not decades, ago.
  
  it's like saying "oh, glad you finally noticed"
Asked, and answered.
They’re not gonna loan him any money because he’s just gonna get it from daddy Putin.
- I heard daddy putin just lost 1/3 of his black sea naval force to a country that has no naval force, so things aren't going so hot for him either.
They will. I guarantee someone is going to swoop in and bail him out. Will he become president and *thus be in a position to reward them? That's the real question...
Because he's lying and is used to leeching on others whenever he needs anything. His son in law and Ivanka and him are all worth billions. I hope he faces prison before he dies

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