I'm shocked Donald Trump ran his company into the ground four times. Totally, completely shocked.

[Tommy_Carcetti]

http://money.cnn.com/2016/05/09/news/economy/donald-trump-us-debt/index.html?section=money_markets



Why Donald Trump's debt plan is reckless

by Heather Long @byHeatherLong
May 9, 2016: 3:10 PM ET

Donald Trump dubs himself the "king of debt." Experts say he doesn't have a clue -- at least when it comes to U.S. government debt.

Only a few weeks ago, Trump said he could eliminate federal debt in just eight years, a nearly impossible task. Trump's own tax plan would add trillions to the debt.

Now he says the U.S. should just borrow more and renegotiate the terms later.

"I would borrow, knowing that if the economy crashed, you could make a deal," Trump said on CNBC last week.

The reaction on Wall Street and in Washington was that Trump can't be serious. U.S. bonds are seen as one of the safest (if not THE safest) places to put your money in the world. Tinkering with that would almost certainly hurt America for years to come.

[Agnosticsherbet]

1. Like George W. Bush, he has a history of failed companies.

[Johonny]

2. Luckily those hated big government laws

helped him walk away from his obligations... they claim to hate, but they don't hate the government as much as they protest.

[Moral Compass]

3. Haircuts happen to holders of the debt of failed or failing companies

I've seen a number a short pieces on how stupid Trump's comment about US debt holders taking a "haircut" was. In those pieces there is commentary about how it is normal for debt holders to sometimes take pennies on the dollar.

No one has noted that this only happens if you own the debt of a failing enterprise. Something Trump has s great deal of experience with. He managed several large businesses into the ground.

He has proven again and again that he can build a brand, that he is a great marketer--but he has never proven that he can perform as a manager.

He wins the nomination and he immediately thinks about the steps he would take when he has turned the US into a failed enterprise. He is planning on turning our nation into a bankrupt.

The political and financial press don't seem to be able grasp how telling this one comment is.

[Wellstone ruled]

4. Were did the money go?

Did it go offshore? In every Case,Trump received Debtor In Bankruptcy Funding by the same companies he screwed over. Remember,Trump does what is called Royalties for naming rights. Hundred's of Thousands per building.

[Gomez163]

5. Good lawyering. Every startup business is a separate corporation

not personally guaranteed by Trump. When it fails he files BK for the corporation and the creditors look to the assets of the corp.