About that PC yesterday at Camp David....

[RichardPeterJohnson]

where Trumplethinskin lauded himself and his business acumen as proof that he is a "very stable genius", wonder why he didn't mention his four bankruptcies?

 

[Brushy Bill]

Probably the same reason you don't mention the multiple restraining orders against you.

 

[Boomboom521]

where Trumplethinskin lauded himself and his business acumen as proof that he is a "very stable genius", wonder why he didn't mention his four bankruptcies?

I think because people is his world believe that declaring bankruptcy is a legitimate business tactic to reorganize debt.....leaving your suppliers and contractors high and dry while protecting your assets for future financial leverage.

 

[DvlDog4WVU]

I think because people is his world believe that declaring bankruptcy is a legitimate business tactic to reorganize debt.....leaving your suppliers and contractors high and dry while protecting your assets for future financial leverage.

And by his world, you mean the governing laws of bankruptcy by our country? Right? Let’s not act like it’s some “loophole”.

 

[Boomboom521]

And by his world, you mean the governing laws of bankruptcy by our country? Right? Let’s not act like it’s some “loophole”.

It’s used in ways it shouldn’t be

 

[dave]

where Trumplethinskin lauded himself and his business acumen as proof that he is a "very stable genius", wonder why he didn't mention his four bankruptcies?

How would the two things correlate?

 

[dave]

It’s used in ways it shouldn’t be

No it isnt. It is administered by a judge or court trustee to insure its use is legal.

 

[Boomboom521]

No it isnt. It is administered by a judge or court trustee to insure its use is legal.

In a corporate sense, imo, it allows for wildly risky investments to be a regular practice.

 

[DvlDog4WVU]

In a corporate sense, imo, it allows for wildly risky investments to be a regular practice.

I disagree.

 

[dave]

In a corporate sense, imo, it allows for wildly risky investments to be a regular practice.

Risk is a 2 way street in investment. Both the lender and the borrower know the risk and should understand the ramifications if bankruptcy is the result.