Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
7 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
apparently, the trumpf started over 500 successful businesses. latest delusion to (Original Post) KG Apr 2018 OP
Trump Family filed 450 new Wellstone ruled Apr 2018 #1
Depends how you define success. If your criteria is grift, then yes, his businesses are very ... cos dem Apr 2018 #2
I say prove it Angry Dragon Apr 2018 #3
Businesses configured like Matryoshka dolls, sure! nt Anon-C Apr 2018 #4
i can't name any but i read it on the interwebs so it is true!!!!!!!! Takket Apr 2018 #5
Probably counting legal entities unc70 Apr 2018 #6
I don't doubt it. There are ways to take advantage of bankruptcy laws and such unblock Apr 2018 #7
 

Wellstone ruled

(34,661 posts)
1. Trump Family filed 450 new
Sat Apr 7, 2018, 03:48 PM
Apr 2018

Business Names in China,those are just names. Did the same in Russia as well as several Mid East Countries.

As far as Start ups,doubt that ,the Guy does not have two nickels to rub together. His family is running a Grift Ponzi Scheme . Have you heard one single true Money Person say he has true wealth,not. Maybe Hannity or Dobbs,but what the do they know.

cos dem

(903 posts)
2. Depends how you define success. If your criteria is grift, then yes, his businesses are very ...
Sat Apr 7, 2018, 03:51 PM
Apr 2018

successful.

unc70

(6,117 posts)
6. Probably counting legal entities
Sat Apr 7, 2018, 04:22 PM
Apr 2018

For tax and other reasons, the Trump businesses are separated legally by individual properties and functions within each fir various services. So there are dozens or more businesses associated with a single condo building, several for just a single condo unit.

This is typical with real estate developers and a few other industries.

How successful Trump is is another question.

unblock

(52,285 posts)
7. I don't doubt it. There are ways to take advantage of bankruptcy laws and such
Sat Apr 7, 2018, 06:04 PM
Apr 2018

I can set up two businesses that are basically double or nothing coin tosses. If I can convince people to lend me money for such things, I can win big on the successful business and stick the lenders with the loss on the losing business.

In practice, if Donnie can renegotiate with creditors (which he does a lot) instead of declaring bankruptcy, he might not even have to declare the losing business a failure. Really it's only the formal bankruptcies we know are failures.

Many private businesses lose money for lenders and owners and suppliers but the public never really finds out about it. This leaves Donnie and his supporters free to claim they were successes.

Latest Discussions»General Discussion»apparently, the trumpf st...