How Donald Trump Bankrupted His Casinos, Left Contractors Unpaid, Ruined Investors & Made Millions
HTML-код
- Опубликовано: 15 июн 2016
- democracynow.org - A series of new investigative articles have revealed Donald Trump’s shady business dealings in Atlantic City, his failure to pay contracted workers over the years, and his decision to partake in what may amount to "calculated tax fraud"-a felony. We begin by looking at how Donald Trump bankrupted his Atlantic City casinos, but still earned millions. "Even as his companies did poorly, Mr. Trump did well. He put up little of his own money, shifted personal debts to the casinos and collected millions of dollars in salary, bonuses and other payments. The burden of his failures fell on investors and others who had bet on his business acumen," wrote Russ Buettner and Charles Bagli in The New York Times. They join us to discuss their piece, "How Donald Trump Bankrupted His Atlantic City Casinos, But Still Earned Millions"
Democracy Now! is an independent global news hour that airs weekdays on nearly 1,400 TV and radio stations Monday through Friday. Watch our livestream 8-9AM ET: democracynow.org
Please consider supporting independent media by making a donation to Democracy Now! today: democracynow.org/donate
FOLLOW DEMOCRACY NOW! ONLINE:
Facebook: / democracynow
Twitter: / democracynow
RUclips: / democracynow
SoundCloud: / democracynow
Daily Email: democracynow.org/subscribe
Google+: plus.google.com/+DemocracyNow
Instagram: / democracynow
Tumblr: / democracynow
Pinterest: / democracynow
iTunes: itunes.apple.com/podcast/demo...
TuneIn: tunein.com/radio/Democracy-Now...
Stitcher Radio: www.stitcher.com/podcast/democ...
People like this belong in prison. When hard working investors put their Life Savings into these public businesses and then it completely disappears should be outlawed.
I thought he had 6 bankruptcies? If this country did need a business man we picked the worst one.
Picked the "worst business man" still got the best economy in US history. Weird.
Thanks to obama, yes. unfortunately trump then cratered that economy, leaving biden to pick up the mess. not a temporary blip, either, unfortunately: the deflationary pressure of globalism gave us a generation of unprecedented low inflation, and trump's nationalism wrecked that. Not only does that mean we will now struggle with inflation indefinitely from here on out but anti-inflation measures will now necessarily put a cap on economic growth which we were free from for a generation. thanks, antiglobalists.
That was 4 in Atlantic city alone. He had more elsewhere NY and a golf course somewhere
He inherited Obama’s economy but also did his best to wreck that by adding 8 trillion to the debt and started needless tariff wars that’s bankrupted farmers
@@LPkOhOnIz he got nothing of the sort. He inherited a growing economy, and tanked it by handing trillions of taxpayer dollars to corporations, which then undercut mom and pop businesses which went out of business, which in turn leaves the corporations without competition hence free to jack prices up so you are now paying much more than you need to for groceries, utilities, etc. That inflation and high prices everyone's complaining about is due to trump's mismanagement, and it took several years for Biden to turn it around. the unfair advantages trump gave the corporations will take decades to reverse, and your taxes paid for them to fleece you.
Sometimes going bankrupt is a smart & good thing....but going bankrupt over & over & over & over again is not and shows people, investors, and bankers just how bad of a businessman someone really is...And it's why U.S. banks refused to loan him any more money!
going bankrupt is sometimes the only way for a company or person to survive or settle its debt, but business or personal failure is not a good thing. somebody or society bears the burden of that failure. tRump's business and personal failures have burdened others as his thousands of litigations proved.
He now gets his money from the First national Bank of MAGA. 😅
Meanwhile if the average Joe declares personal bankruptcy, it will dog him for the rest of his life.
He (his company's have filed bankruptcy 11 times, he has borrowed money from Russia 3 times (no wonder they like him)) Do people not know this?
Trumpy learned from Roy Cohn how to use Bankruptcy for profit. It is his only articulating skill he has, lies and deceit.
As an Aussie I am grateful that the NSW Police recommended to the state government that trump be excluded from bidding for a licence for the first Sydney casino and the government wisely followed their advice. He failed to meet the requirement: "was not of good repute, having regard to character, honesty and integrity". Things haven't changed in the 30 plus years since then.
Yes, The New South Wales investigators did the right thing, and didn't allow greed to get in their way of their decision making---
Yall were blessed to have decent smart people handling that business 😊😅🎉😂😊😅
Thank goodness your country had good solid people who could see through his hot air, lies and BS,.
Go do your research for the real facts clickbait
As currently on view in the USA, the FASCIST SCAM started over a hundred years ago when Coors (as in Coors beer) put together a fascist right wing group and agenda to counter the socialist progressive policies that were beginning to be implemented in America.
The protestant groups, such as the evangelicals, baptists, assemblies, etc., were chosen for this project PRECISELY and INTENTIONALLY, because they were NAIVE, incredibly IGNORANT, and very EASILY and READILY MANIPULATED.
Money, capitalism, power, fascism, plutocracy, and oligarchy were and are the singular goals, the absolute objectives; though most of the deluded members of these cults are not aware of these things and would die defending this con.
These ultra right wing barrons knew it would take some time for this cold-blooded, purposeful contrivance to work its way to the forefront, but it started to bear fruit in the 50's, showed up in force in the Reagan 80's, the Gingrich Congress, Dubya's era, Delay's Congress, the Claremont Institute, (and many others like it) and came to full, grim, nightmarish fruition with the republicaneviks, trumpeviks, magaviks, q'anoneviks, etc.; with the RIGHT WING, conservative, fascist MEDIA at their side AMPLIFYING the SOPHISTRY/MESSAGING 24/7.
It would take hundreds of years of deprogramming - and that with limited success - to start to solve this problem, if at all possible, because it was done under the auspices of religion. The naive left fell prey to right wing pr and did absolutely nothing to counteract this evil, nefarious scheme. It was dismissed as under the sponsorship and guidance of 'religion.' They were afraid to touch that system model. Instead, they actually helped cater to it, particularly during the Reagan and Dubya era. -- The so-called 'christian right' is NOT Christian. They are old testament fundamentalist reconstructionists and dominionists. There are varieties within those, most of which are predatory, fraudulent, grifting, larcenous, and criminal. They do NOT follow the teachings of Christ as laid out in Matthew, Mark, Luke, and John in the New Testament of the Bible. The word 'christian' as applied to these people is a DELIBERATE MISNOMER. -- -- --
Additionally, the Muscovite-Russian State has been plying its propaganda for hundreds of years. But it came into full play in the USA with the Reagan years in all possible categories, such as: economy, commerce, business, politics, finance, entertainment, religion, education, etc. Putin intensified the predatory ruthless scheme to a highly targeted level by not only using human assets but all media resources available, particularly television and internet; concentrating on the venal, CORRUPT, uninformed, IGNORANT, and GULLIBLE political and religious right. This Infiltration/Manipulation is ONGOING. - Crudely but accurately stated, Trump and the religious/political right are Putin's 'butt boys' - (though Trump is particularly 'special' in that regard). That goes for the entire religious and political right throughout the planet. Think Europe, India, Africa, etc. The muscovite brainwashing has been profuse. -- -- --
The right planned hundreds of years into the future.
The left was lazy, and in many instances, arrogant and unsophisticated about reality.
The consequences and results of lack of counter-action are self-evident and on full display. -- The only long-term answer:
EDUCATION, education, education. With real SOLUTIONS and absolute, actual RESULTS.
Not following through would be terminal. ---
Everything Trump does is CALCULATED, MANIPULATIVE, DELIBERATE, MALEVOLENT, and SADISTIC. Always.
Trump IS a LIAR. So he has been his entire life. It's both his NUMBER ONE PERSONAL IDENTIFIER and his PROFESSION. Ditto for his progeny.
Everything the Trump Organized Crime Family does is CALCULATED, MANIPULATIVE, DELIBERATE, MALEVOLENT, and SADISTIC. Always.
The Trump Organized Crime Family MODUS OPERANDI: Delay, Delay, Delay.
Deny, Deny, Deny.
And above all: LIE, LIE, LIE. -
In conjunction with: Cheat, Bribe, CORRUPT, Deceive, Defraud, Dupe, GRIFT, Hate, Steal, DENY RESPONSIBILITY, REFUSE ACCOUNTABILITY, THREATEN, INCITE VIOLENCE, Assault, Attack, COMMIT TREASON,
be utterly self-absorbed, self-adulating, self-aggrandizing, self-promoting braggarts, cretinous ignoramuses, arrogant entitled bigots and racists, narcissists, criminal thugs, criminal treasonous sociopaths, and criminal treasonous psychopaths. -
And that's just for starters.
They have LEARNED NOTHING IN LIFE.
They are immeasurably, profoundly, and unfathomably IGNORANT, flat-out stupid, MORALLY/ETHICALLY BANKRUPT, and EVIL.
ALL IN Putin's POCKET, GOING ABOUT Putin's BUSINESS.
He didn't make money, he stole it! What a miserable waste of human life.
Exactly. He did a Bernie Madoff, he got people to invest in his crap, and spent their money. Some, life savings! He's heartless!!
No tf
When trump takes his last breath, I believe there will be celebrations and many parties at his expense. The loss of any life is tragic and sad in it's own right but in Donald Trump's case is different seeing as how wicked and despicable he is in the way he deals with other people this would be the exception.
@@chrisbarrett5588 yeah but there would be also be millions who would mourn his death men is vry popular among his fan base,
Making money and stealing money has the same meaning for him.
This report should be shown on mainstream media again. Especially when DT's civil trial is underway
He not done nothing look at your president now
That is so! Behind closed doors, as Trumpy and his junkyard dogs come out of the courtroom they will deliver lies and deceit to the press to shield the POS from the facts. If it is televised...we will see the facts as they are presented, and his junkyard dogs will deliver the lies and there will be no shielding the POS from the lies and deceit.
The Republicans on the debate should've brought this up. Without him there to defend himself, he would've looked like the crook he is
Except that the people who would watch this aren't the people who NEED to watch it.
MAGA idiots are not going to accept anything that challenges their ideas about Trump.
Not all MAGA are idiots, but it's a high percentage that are. The rest are just anti, anti-LGBTQIA rights, anti-woke, anti-immigration, anti anything they don't like.
They don't even pay attention to what Trump is doing. In their small narrow minds, anything is better than being a liberal and respecting others.
MAGA don't care about any of this. They want a criminal dictator in the White House.
This article should be televised on every major station for the American people to come to their own conclusion about how Mr . Trump does business and how the small business man paids the price .
Unfortunately the right wing media hide it, and most of the 30% who even watch media, watch them.
A real piece of crap that man is
I've watched Trump since the 1980s.I worked as a billboard artist for Gannett which he also didn't pay.We had to blank out Trump sings from Atlantic City to Jersey City.
Signs
@@Susan-lf2hl We read past the typo...
How the fuck do you bankrupt a casino? It's practically a money printing machine.
When laws change and other interests begin opening up other casinos closer to the gamblers houses.
Ask crooked trump!
Casinos have an edge. This is pure profit (after expenses) - this coupled with interest rates from debt and competition and easily bankrupt a casino.
Only a total Brain damaged person or a greedy FOOL!
You take a printing machine...you find out how much money it prints each day... then you spend twice as much money as the machine prints until you are so deep in dept that no one will lend you any more money...and then you go bankrupt, fucking over all the people you owe money to.
I went to one of his casinos in 2005 and it was a ghost town during Memorial Day weekend! How do you run a business where the saying is “The house always wins” and go belly up? Put Trumps name on it!
by 2005 ,atlantic city suffered from areas around it passing casino gambling. that took a lot of business away from atlantic city. it was no longer the only game in town. people from pa and ny no longer traveled to ac. that put a big dent in ac. and ac is a coastal town with beaches and a beautiful boardwalk. so, on a major holiday that celebrates the beginning of summer, most of the visitors are doing outside activities. but trump did screw @100 contractors involved in the construction of his casinos. i voted for him , because he was a good president, but as a businessman, he was a scumbag. he screwed hard working people, while everyone else that was developing paid their bills.
One of the few people who cant make the business where people literally line up to hand you their money work.
Can we agree, both Biden and Trump suck?
Atlantic City saw gambling as its salvation, but the local economy got little of the economic activity. Casino owners took the profits from gambling. Casinos pay low wages, so they are not creating a middle class. Most of the gamblers were coming from Greater New York or Philly and returning once they lost their bankroll. They were not staying in Atlantic City hotels that at the least generate huge tax revenue for a city. So about all that one spends in Atlantic City is for fast food, gasoline, or a highway toll. Contrast Detroit, which at least insisted that casinos intermesh with the local economy.
The story of Trump’s life: failing at everything and let other people pick up the bill...
And people who can't think out of a paper bag voted for this clown
He received $413 million in loans from his father that he never paid back. He also tried to rip off his niece and nephew after their father died. My cat has better business acumen than this scumbag. Trump belongs in prison.
That's what gangster do 😊😊😊😊
And he'll most likely be the next president, unbelievably. I get the utter frustration of the American electorate but my word this is ridiculous. How can voters re-elect this king of corruption? America is in big trouble and we haven't seen the worst of it yet, imo.
Businesses fail all the time. True entrepreneurs learn from the failure and try again .Lazy freeloaders sit on the computer all day complaining about the ones that finally hit success.
How is it possible that many consider him a sucessful businessman? Because he's never been held accountable but also the rules are different for the rich.
Not to mention he inherited a million dollars back in the day that it was considered to be a large fortune. That is not a "Self made billionaire. Financial success is not what I call being a success of you are mentally ill and just an all-round horrible person.
They mean the character he played on that tv show.
@@WarrenHolly You are not too bright.
@@brianbarefoot6574 your mom's call me genius 🤓😝🤭
@WarrenHolly I am glad they invented the emoji for people like you that are unable to express themselves with words.
When the Taj Mahal contractors were stiffed by Trump, they couldn't pay their workers who were screwed. Many of those contractors were driven into bankruptcy but Trump lined his pockets with every dime he could hoard and declared huge losses on his taxes which, in effect passed the bill for his incompetency on to you and me. This is called "trickle down" economics a la Trump.
Name one company please? Ohh you can’t.
@@zdwade
Triad Building Services for one. Sleazebag trump stiffed them for over $180,000. It took the company more than a decade to financially recover and they were one of the lucky ones. Several other companies that did work on the Taj went completely bankrupt after being ripped off by trump.
Of course you'll just scream 'fake news' and you'll call the CEO of Triad, Steve Jenkins a
'crisis actor' when he publicly tells how trump's failure to pay what he owes nearly obliterated the company Jenkins' father started in the 1970s. Maybe you'll finally even admit that trump ripped off all of these companies but you'll then say 'that just makes him a smart businessman' or that people complain about trump's crimes 'cause they're just jealous' or 'he's rich so he must be doing something right'.
You trumplodytes truly are in a hopeless, mentally ill cult.
You moron.
Pay attention to the video you brain washed shit head.
agreed.
Trump is the only bookie in the history of the gambling business to loose money and go bankrupt .Whatever happen to the saying "house always win " ?
😂 or at least the most publicized but you are correct that's absurd. He did similar to the USFL
Debbie Reynolds' last husband left her $20+M in debt. She refused bankruptcy; said many who'd worked must be paid; put on a zillion Vegas etc shows; PAID IT ALL OFF. Shame on you, DJT
The US government is $33 Trillion in debt and still spending, can we get your report and outrage about that?
@@chillwill5080 A fair bit of that is due to Trump. I'm sure he'd be willing to pay his fair share.
@@ablarousse5273 Is it due to Trump? I mean, it is CONGRESS that approves the spending of money.... So who in Congress approved spending the money? 😕
Dump chump is a crook - traitor ….
Etc ……
@@chillwill5080Don the Con also was a major contributor to that debt during his presidency!
A morally bankrupt family, how can anyone who comes into contact with this person ever support him.
The stupid of his maggot cult, and they are the ones that disgust him the most. The uneducated cretins of amuriKKKa, and EVIL-Angelico KKKristians for a god of fraud.
Good question the morel is if you step in dog crap it will stink
Part of it was all the bigotry, also religious and social conservatives wanting (what they think was) a “strong man” who could “own the libs” because there is a subsection of our population that views politics as team sports and also never grew up, which is why they go to bat for the guy and endlessly excuse his behavior and expressions, as long they’re winning or think they are, they don’t care what he says or does.
In the 80s I worked for a security manufacturer. One of our dealers got the contract to install the security system at Taj Mahal casino. The day before they opened they needed a rush order of 1500 command keys. I was able to get them processed and drove the package to San Jose airport for a flight landing in Pennsylvania around midnight. When I returned from the airport and called the Honeywell salesperson that they had made it on the flight, he told me that he and a few coworkers, who had stayed late in the office, were joking about how long it would be before Trump filed bankruptcy 🙃
I used to have a gaming buddy who worked as an installer for a window company. The owner of the company accepted a contract from "Trump Taj Mahal" to replace some windows and make sure the offices had a "positive pressure" to insure no viruses/toxins could infect their operations. My buddy was an installer...not a Chief. DJT flaked out on the contract sued my buddy boss to court
Lomg Sstory short...company could not afford to fight DJT in court and wound up claiming bankrupt. DJT hsas used this method of "business relationships" to enrich himself while using out justice system to fend off anyone who complains
He owed $70 million and 253 companies went bankrupt.
We're Maga morons to see this would only increase d RUMPS popularity amongst his UTTERLY pathetic base..
Truly despicable creep.
I'm surprised nobody has shown him the error of his ways.
So why did businesses continue to line up to do business with him? Because they are all crooked and thought they were getting over on him, then got owned. LOL
The same thing he's pulling off now with his base
They deserve to be fleeced.
I'm happy to see videos like this surfacing again!
He is STILL STIFFING the Working Stiff !
They’re the dumb asses that fell for it can’t believe he’s scamming his own supporters with money that was supposed to go to his “legal fund” welp now I guess it’s in Melanie’s bank account lol
He's going to do the same thing to our country, and take the money and run!
He doesn't nead mutch (do you think he eats all the wheat in his pocket, he seads some and saves a little and picks a few berries
He doesn't blast all the bullets in his pocket unless his snares are
empty and the fishings no good).
Dawn, Now that's exactly what he's done, except he wants to return TO KEEP DOING IT!!!!!
He already started and he made it easier to grift more from Congress and inside trading
the MAGA uneducated didn't see it the first go round and still don't see it
The sad thing is nothing happens to him and no consequences.
@Zorro Computers
RE: "The sad thing is nothing happens to him and no consequences."
That might be going to change. Here's a partial list of the jurisdictions in which Trump is in legal jeopardy:
(1) State of Maryland
(2) District of Columbia
(3) State of New York
(4) City of New York
(5) United States Southern District of New York
(6) State of New Jersey
(7) State of Georgia
that is about to change. he's going to be held accountable for inciting insurrection. what could be a bigger disgrace for any president even a FAKE one
EXACTLY
@@lindagrasse815 what insurrection? and of course no prosecutions for the war mongering torturer maniacs Clinton, Gore, Bush, Cheney, Obama, Biden and their slimy regimes.
Sounds like demrats.
This is so sad but they let him get away with it
That is real problem we sit back and let him get away with all this nonsense.
@@markwright2946 Let's be honest, it's not like you could ever stand up to anyone, you've been a wet noodle coward your entire life.
I've always wondered how TRUMP could bankrupt a casino, a business that was supposed to make money BY DESIGN. What a crook.
Nothing is new - crook is crook .
Stop paying off democrat politicians and the mafia bosses that own them, that will put you out of business.
Why is he being picked in by everyone? He saved America and made it great again. I always answer yes his last year was the best. Heknew it was bad and did nothing to stem its spread for 2 months. I always thought it was a democratic hoax. Then his base has been so conned he convinces them its obamas, Hilary and Biden fault.
Atlantic City. City of crooks.
This should be on billboards all across the World.
People overlook two ways Trumps casinos went under. 1. When the casinos were built he had his accountant to inflate the cost of building the casinos so he could walk away with tens of millions of unrecorded money.
My neighbor & maintenance man was an investor in the Taj Mahal & worked with Trump. He lost almost everything. He & other employees, investors & contractors were there the final day of the Taj Mahal & when they were told they were getting nothing almost got to him before he reached his helicopter & would have strangled him if they had! Now he works as a maintenance man for Condominiums where he also lives. So much for his retirement. 😢
Maybe he shouldn't have been so greedy like the rest of them that thought they could rip Trump off.
that is the destruction has caused with all of his many business failures!
Well you know 'investors' deserve all they get. They should work for a living like all honest folk, instead of expecting free money, they are worse than welfare cheats.
@@therealrobertbirchall Is it welfare when democrats hand $$Hundreds of Billions to Unions? Are taxpayers being shortchanged by that? What about their retirements? 😕
@@chillwill5080 well unions fight for pensions for there members. I still don't see the difference between 'investors' and welfare queen's my self. Bot want something for nothing, at least unions progress the cause of their members. As far as I'm concerned wealth not work should be taxed and the only people owning shares in any business should be its employees, with any gains from the stock being used to create a retirement/sickness/maternity paternity fund. If an employee leaves that employment then the value of their shareholding moves with them. This will give the people who actually create wealth, the workers, security and a just reward for their contribution to the business. That's true capitalism by the way.
CROOKED DOES NOT BEGIN TO DESCRIBE THIS GUY.
CROOKED IS ACTUALLY EVEN BEING NICE DESCRIBING THE TRAITOR!!!👀
I like to use the word, "insane". As others have also pointed out, "Traitor" is another word that precisely defines him.
How about slimy, oily, corrupt, narcissistic, liar extraordinaire.
he stopped killing our kids stopped china and lots more
@@oldpicker49 Nithing compared with all the innocent people he’s allowed to die because of his sheer stupidity, ignoring science as always and worst of all his dogged insistence on not admitting he was wrong. Individual 1 is a criminal with no conscience whatsoever, a psychopath.
He did the same in Puerto Rico, got himself into a deal for a golf course/country club claimed millions in bonuses and consultancy fees and left Puerto Rico holding the bag when it all failed. Then he deliberately withheld Federal Disaster Relief aid to Puerto Rico after a storm that decimated the island to punish them for the bad deal a few years earlier.
"Even gangsters have standards."
--Robert DeNiro
Great quote, ty!
Do they? You're quoting an actor...
@@gelliwithdabelly7749 an astute person.
This video is 7 years old and it's completely relevant today
Nov.2023
Damn, I thought this was from today
Love how he instantly begins the word salad defense.
He runs jersey in the ground while staring at the former governor of that state who gave him huge tax breaks.
The former governor of that state worked tirelessly to get Trump elected, said he is the best man for the job. Was he lying then or is he lying now?
@@chillwill5080Obviously both instances.
@@jaywalters5255 So who should we really blame, the people in office for decades, or the one guy that wasn't in office for decades?
You can't bankrupt a casino, especially when you are never paying for anything.
Not the contractors, not the suppliers, not your employees.
Worked for so many men like him in my life.
They are evil to the core
Yes you can, and he did.
He owed so much debt and then wiped his hands with his lawyers.
period.
Paid the Russians/Putin with plenty of money laundering, though !
@@DaveTheBigTomato yes, he somehow had far more debt than would normally be allowed (I wonder what lies were on those financial statements to the banks?), and then all the cashflow was directed into paying him, not his debts, staff, or contractors. He should have been investigated for fraud back then instead of the small people being left to try to fight a juggernaut who never obeys the laws never mind pays fair.
Yes, Since Trump has lied continuously throughout his life, it's still hard to believe he duped so many bankers, and supposed brilliant economic minds in the big business world---- I'm apparently not one of those, running a small business, but one thing I am really good at is Judge of Character--- I saw thru this pathetic heathen 30 years ago, and would never have done business with him, or associated with this lifetime fraud-------
@@fionaanderson5796How Trump got away with this fraud for so long is beyond me, and many others--- The scope, and magnitude of these billions of dollars ripping off many large banks, contractors, and IRA investors through his bankruptcies was somehow overlooked as you stated--- I believe he's filed bankruptcy 6 or 7 times now, yet he calls himself a successful businessman, and a billionaire!!!! I would call him--- (((A Complete Failure)))
He has one playbook and he did the same thing to the USA 🇺🇸
Add it to the bankruptcy list.
So basically after 40 years of failing trust, he can still find plenty idiots to trust him.
He is a horrible phenomenon.
40 years, 35 of which liberals and democrat politicians were partying it up laughing and smiling with him. Something seems to be missing from these stories. 😕
Beats me how he's still roaming like the predator he is!
LOL
Not even a gangster would be so crooked. This man should be in jail.
Hey guys, if you ever go to a Trump hotel, just don't pay for your stay and say you were dissatisfied. He should be totally cool with that.
And he is. Only problem is you will have to pay if you stay for days and not say a word.
Good one, hope the masses take your word and pull this little stunt.
Our government spends money they don't have all day every day, why no issue with that?
Now we know why wall Street kept lending him money. His daddy kept backing him failing business after failing business.
I appreciate this reminder now, but this needs to be a campaign ad 🤔
So let’s say I borrow $100M for a business and immediately pay myself $50M in salary from the loan proceeds without ever making a dollar of profit. Then I brag that I made millions. That’s Trump’s business model.
And his supporters STILL support him!
😢😢
Snake in the grass!
Add to that the $400M he inherited from daddy dearest.
Wow!! That's well explained.
How can you tell when you're reading a book by Donald Trump? It always picks up on chapter 11. But seriously, if he becomes president, he'll probably surpass the great depression, and give us the best depression we've ever seen.
LOL. Best economy in US HISTORY :D :D seethe more brainwashed libtard. Go back to CNN.
@@LPkOhOnIz Then along came Coronavirus...
What you will get a dictatorship. He won’t leave office again.
Hes a scammer!A narcissistic compulsive liar. We should never allow a narcissist run the world greatest counter.
💯✨️👍
sorry guys, I used to hate him 7 years ago, but I have now completely changed my perspectives and thoughts on Donald Trump. Yes, I hated him, but now I like this guy more than any president! He's the best president ever ever ever ever ever! We want him back to Make America Great Again! The world needs him badly.
He's the only guy, the real narcissist, who can make dictators around the world pee their pants. The world is indeed in bad shape after Joe took over. Vote for Trump.
Trump 2024 ❤️
Or the "brain dead".
Ad hominems are the refuge of the Left, Ho Chi Minh. (7 years ago? You're probably in a camp by now.)
@@Ye80s Sick as fuck!
A financial analyst wrote in a publication that Trump's Taj Mahal was so extravagant that it would never make any money. Trump threatened to sue the the publisher unless the analyst retracted the article and apologized. The analyst refused to do so. His boss fired him. His boss warned him, telling him that he would see to it that he never worked as a financial publication analyst again if he told anyone about the episode.
I applaud that man for holding on to his principles, and defying his misguided tyrannical boss------
Typical Hump Bull---z
yep, sounds like tRump the bully!
Hes a damn crook! He's like his father. Heartless
The FBI should really give him a good going over, dont let him slide on nothing!
Trump steak, Trump country club, Trump wine, Trump magazine. How many failures before he loses his crown as "astute businessman"? I'll vote for him as con man of the year, but not for POTUS.
trump shuttle his airline total failure
Bill Meagher Trolling and no counterarguments.
@@billmeagher2297
So you're saying Trump cries more than a ten month old?
Well. Too bad you have to live with him as POTUS for 8 more years.
@@LPkOhOnIz that didn’t age so well
HE is a bigger con MAN than I gave him credit FOR.
Too him 50 yrs to be master crook
Took bankman freid 1 yr
I wanna know why he can get away with this shit time after time what will it take to weak people up dam
This needs to be brought to attention Update TODAY not just 7 years ago..
5:17 how do you legally move personal debt onto a company you own? If that happened in the UK, it would certainly be fraud.
Lol its same in the UK but only applies to limited and public companies
It's fraud here, too.
here you can overvalue assets, pledge them to the business, or have the business buy the debt; its also a fraud, here as the NY atty gen has proven!
Question:
How do you fuck up a casino?
You get President Orange 🍊 Adolf that racist Ass Clown 🤡 to manage the Casino!
@@bennywurz2995
Bend over and make a funny sound like:
Wuurrrrrzzzzz.
@@bobjones9600 So very Funny! 🤣
Now let's play a game of Fuck Off!
I'll let you start!
Trump's biggest revenue generator was his starring appearance in a TV reality show for as long as the series was running, not from any of his businesses.
Plus the $400M he inherited from daddy.
This was the case in DC with his hotel. Same pattern, same result.
Bankrupted casinos?....are you kidding me? How in the fuck do you fail at a business where people bring you money 24hrs. a day and walk away with very little to show for it? I'm sure it wasn't caused from to many payouts.
And people said he was a good businessman!!!!!!!!!! Yeah right!!!!!!!!!!!!!!!💯
Making BILLIONS is a bad businessman? Damn. I wish i was a bad as trump at being a businessman.
Thank you Letitia James.
"Donald, when your daughter grows up, she'll have a name that projects success in the casino gaming industry. All she has to do is marry a guy named Borgata" - Artie Lange
No, it's not an exact quote.
No, Trump very much did not like that joke.
6:53 love seeing how red trump gets when being questioned about his business skills. bit of a tell there!
Either you never failed at anything(HUGE doubt) or you didn't have parents who cared about you
*Orange
He’s been red the whole time not cuz of that tf
You can easily bankrupt a casino but suddenly draining all the coins inside the slot machine and put them inside your pocket.The bank has none, investors has none, contractors has none , and all yours.
Greedy slumbag.
I love how he keeps trying to talk over people and just keeps fidgeting like "will they just shut up and let me talk?"
NOT just contractors, every vendor that was dealing with him when he folded got SHAFTED.
I know, I was working for one at the time and communicated with many.
Why didn't any of the folks that voted for Trump, didn't bother the do alittle background check to see who and what the hell they were voting for. If this is how people vote today then our future democracy is in real trouble.
Someone please identify all of the crimes he committed and prosecute, prosecute, prosecute.
@WrathMachine what has he done for you lately? He did nothing for 2AM. He never reformed healthcare. He disparages the troops in private. Years ago he started a trade war he said would be easy to win but it's still going on now. The result; our government was forced to subsidize the farming industry to prevent farmers from going bankrupt. He wrecked the coal industry and steel industry. Interesting that he didn't socialize them. Maybe because he never cared about people in those industries or he truly believes coal does need to come to an end but just says the opposite for votes? His good buddies are all dictators. He shuns allies. He's named as a the criminal mastermind for crimes his former lawyer already went to prison for and he only escaped temporarily because of his current status. The list goes on. He's morally corrupt. Incompetent. Incoherent. Inept. Now he's asking for as much money from his constituents as possible to fight supposed legal battles that all have no merit, but, he gets to keep all of the money his donors give him, which is tens of millions nearly on a daily basis. Seems like a scam far worse than Trump U. He can get 1,000 lawsuits thrown out of court and still come out on top simply by asking gullible people to send him a check to supposedly fight an election outcome. I'm not criticizing you. I am asking you to open your eyes and not let him take advantage of you anymore.
@@RedondoBeach2 Thank you for stating those facts, every word is absolutely true.
It's happening right now guilty on the call to Ukraine, Georgia and the documents also inflating his properties what a grifter FDT
It's starting to look as though no one could keep up with them all.
So...you go bankrupt with a casino...I mean, literally a "business model" built on a scam in which you can't lose.....and then go bankrupt?
I guess because he thought if one casino is good three must be better.
I think in his greedy criminal mind, that if it worked once, he decided to try it again, and again---- To keep milking the cow till the run went dry----
This should be re-posted so more people see it presently.
It's relevant.
He robbed his own casinos into bankruptcy. See... no one knows how much money people lose in there except the owner and his employees. Easy as pie to rob your own casino... Do you really think he didn't if he could?
I love this channel! Amy Goodman, definitely one of my favourite broadcast journalists!
Great choice!!
the only truth left in America,love her too
Using "every dirty trick in the book" constitutes a winner in Trump's world. Actually, it's not hard to get rich by cheating. Doing it with integrity is hard, but plenty succeed that way.
Landrew0 all the rich cheat on tax and their deals,they made all the rules that favor them
bunny fish
I wouldn't want to live in such a cynical world as that. The world is full of true heroes, who win without casting their integrity aside.
William A. Black cites a book by Nobel prize economists Akerloff & Romer called Looting: Bankruptcy for Profit.
This is about *intentionally bankrupting a firm or project as a business strategy*.
That was the strategy of the Housing Bubble and the Great Financial Crash.
BIGGLY WINNING and BIGGLY GRIFTING!!!
And knowing that, he still took money from his dad to help him "save" his casinos.
Opportunist, yes. Presidential, no. Qualified for office, hardly.
So Hillary was far more qualified? You mean the bitch that should have been put in prison years ago?
And yet hes succeeding as one of the best presidents in years. Lets look at the economy growth and employment ratings. GDP. Higher incomes. Lets find some good. Just because trump plays the gambling game like any other opportunist who would do the same doesnt mean he is unfit to be president. I mean shit we put a man in office who funded iran with billions and filled the heads of millions with broken promisses his entire terms served. Obama was a liar and the biggest con this country has seen. Lied to those who voted for him by not keeping one single promise meanwhile trying to look appealing to his black african american followers making them look like a bunch of imbeciles. Thats a man who deserves to be ridiculed for corruption and having no backbone whatsoever
Casino managers to trump: You're fired! :D
Your wish acomplished..
The show should be moved to Fox , so you can enlighten 45 fan base.
Trump should be fitted with a custom orange "suit" with no tie or, shirt required, right after he leaves, or is "escorted" from the WH, same goes for most of his cronies & family member's!
He's a skimming conman.
I find it ironic that Trumps purchase of a casino,a venue where GREED IS GOD,should be the key investment that went bellyup.
Let this be a reminder four years later today 😵
His supporters know all that and still support him.
How do you deal with that kind of person.
His investors like his voters must be tired of winning.
the new word for bankrupt and crooked should be trumpf
Damn period it's basically the same thing he did while in presidential office. Even making the FBI and other delegates use his facilities and charge them for it XD same MO
Which happens to violate the Constitution's emoluments clause, which basically says you can't take any outside money while you're being paid as president.
Its not easy to bankrupt the house. Apparently the house always wins...unless it's Trump's house.
Conman Trump!!!!
Sadly, people will still vote for this guy despite everything.
Yep, that's what happens when a big majority of his supporters can't read, or can't comprehend and the remainder have IQs below 90.
And they will do it again.
Best choice out there. Oboma sold out the country. Trump trying to get it back
@@catman19 first of all Obama didn’t sell out anything... just another statement without any proof!! Second of all if u know dumpy at all... he will sell this country down the road so fast it will give us whiplash cuz dumpy cares about one thing only.... himself!! And now since he lost the election... and yes he is going to try fight it in the courts but it’s it’s not going to work because every states own SOS has said there’s no wrong doing... but the man-child in chief can’t accept defeat!! So now he has 2 months before he’s out!! Guess what he will do... it’s not going to be pretty!!!
Those are Trumplicans who voted for him.
1/6/2021. The man never changed. Greed greed
He left office as he entered. Ripping others off.
They can't check out his "claim" that he's worth ten billion dollars, because he has no business records here in the U.S.A., the place he claims to loves so much, he don't even want a wife from here, his actions should speak with volume, you can't say one thing and show another, unless you believe you're speaking to fools .
loved how his clothes line was made in china, he brought so many companies back to USA, can I sell you the Brooklyn Bridge. please sent me $100 and it is yours, I have the deed, like the fake Electors, don' t worry it is all legit. And you can put up toll booths to collect in and outbound cars and don't have to pay taxes all cash, no E-Z Pass CASH ONLY, Jr and Eric will man the toll booths
He should be locked up for being so reckless with other peoples money. People trusted him and he was just out for himself.
"I knew when to get out, my timing was great" [in leaving Atlantic City]. No Donald. Your casinos went through multiple bankruptcies in a city that was once far easier to make money than it was in Las Vegas and you lost all your equity in the properties you financed. You didn't go through the exit door voluntarily, the banks pushed you through it. Always blew my mind at how packed the casinos used to be in Atlantic City and could charge what they wanted to non-gamblers, and could attract many heavy gamblers but you STILL were losing money. The wood-fired pizza at the Taj Mahal buffet was really good, I will give you that.
Why do you supposed Pete Rozelle told Donald he would never own an NFL franchise as long as he (Rozelle) was NFL Commissioner? He saw right through him and knew what a con man and a crook he was.
You can't expect Trump supporters to look for their own facts, when all they care about is looking for any news that already agrees with them.
That’s u guys 😂
Aren't casino's corrupt by their own definition..
NO. no casino ever forced anyone to come inside and bet. stupid.
If the one that walks towards the door is a gamble leave a line-up
of surer things outside if not let them in (they don't want your money
that you worked for ?)
easy.. cheat everyone and leave them holding the bag as you steal anything not nailed down
This is a serious (and, I guess, naive) question: How is it that people keep going into business with him?
Ahhh, that's when the Russians come in.
They think they’re gonna be the ones that come out lucky
Yes, Trump makes Madoff look like an altar boy with his lifelong criminal business activities----
My God, we have terrible choices for President , don't we?
I'm currently researching Trump to see how bad he might be, but Hillary has a terrible history littered with endless scandals, lies, racism, and sexism. Don't forget to give the harpy credit where credit is due.
Polar Bearsrus ..actually theres a vid of hillary saying she is a white supremist.
Tom Campbell - Not at all. Trump has pulled every grift that could even be imagined. Anyone who has been watching Joe Biden for many years knows he doesn't play that way and never has. It depends if you believe Fox's bullshit or not. If you're in Donnie's cult you'll never believe he ever, ever broke the law. It's all up to you.
@@Fitzavig - Did I miss the part where Hillary Clinton is running for office? I guess I missed the memo.
@@kystore1823 old comments my dude
Notice at the 6.30 portion when he rudely interrupts and like a child lies through his teeth
Too bad that Carly Fiorina did not call Chump a LIAR to his face every time he interrupted. In fact everyone needs to call Chump a LIAR and a CONMAN to his face everytime he speaks. And add to that LOSER as well.
Ieads you on.
They want to use him he'll use them they're trying to capitalize all so.
What alot of private citizens dont understand business people can easily become rich if they don't suffer shame as they shaft people ..
Once a con man, always a con man
The total absence of any morality
@williamjr sport but not the Grinch. once a Grinch always a Grinch
Carly hit on something at 6:25 didn't she? When she said interest on debt, Trump looked at her like, "what do you know?".
Everything to Trump is a disaster.
True. If i was such a disaster i too had billions on my name. I wish i was as bad as trump :(
Gee, here's an idea - let's let a guy who never held a job in his life - and wouldn't last a week at McDonalds - play president. Yeah, that'll work!
In an old bio by a former Trump casino exec who tells how a "whale" was playing huge baccarat, losing big but when he started to come back, Trump lowered the limits (from 300k to 25k a hand) alienating not just the whale himself but any whale who might consider playing at a Trump casino.