The Soapbox

hoolstoptheheels

Joined: 01/04/2001 Posts: 27000
Likes: 34258


Mostly, I think the Cohen investigation


Could explode the myth that Trump is a great businessman. Or a businessman at all. The meat of this article's assertion is that The Trump Organization made its money not through shrewdness, hard work, or any sort of business acumen. They did it by slapping a pretty gold "Trump" nameplate on projects no other legit businesses would touch. Because they were corrupt deals put together by corrupt people - often govt officials now under criminal shadows in their own countries, and internationally.

I have no trouble believing that. From my quarter century in distressed investing I know of Trump as an almost constant presence in the distressed marketplace. As a source of debt in dramatically overextended projects trading at deep discounts. As a guy you wouldn't trust as far as you could throw him if you do participate in one of his deals.

Which was enough for me to be fascinated that people would vote for him. If we also now get details of the international scum he did business with, it should make 2020 a hopeless campaign for Trump. So much so, that maybe he even decides not to run so he can always make his Trumpian claims that he could have won. But I still think that if this marks the beginning of the end of Trump's presidency, it'll be because it makes him unelectable, not impeachable. Impeachable would have to come with proof of something like treason, with enough certainty to get a lot of repubs to vote for it.

No, more likely he's a one term pres with legal problems waiting for him when he leaves office, and maybe a family business in tatters because of the spotlight his presidency shined on it. But I suspect he'll still make millions preaching conspiracy theories to his gullible believers.

(In response to this post by HowieT3)

Posted: 04/15/2018 at 10:18AM



+5

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Current Thread:
  Mostly, I think the Cohen investigation -- hoolstoptheheels 04/15/2018 10:18AM
  Lol. ** -- Hokieesith 04/14/2018 10:19PM
  Are you laughing at yourself? -- hoolstoptheheels 04/15/2018 10:28AM
  Perhaps forensic accounting is not your strong suit. -- hoolstoptheheels 04/15/2018 11:28AM
  Oh. Just wondering. ** -- hoolstoptheheels 04/15/2018 12:39PM
  "Him showing tax returns is not forensic accounting"? -- hoolstoptheheels 04/15/2018 12:27PM
  How many non shady people has he done business with? -- Hokieesith 04/15/2018 12:31PM
  I'd be happy to if he'd just provide the transparency. -- hoolstoptheheels 04/15/2018 12:38PM
  And he's not meeting with wiseguys, right? -- HowieT3 04/14/2018 9:53PM
  Hey, that doesn't look like Prague. ** -- Chuck Taylor 04/15/2018 07:58AM
  Nm** -- wahoo138 04/15/2018 07:28AM

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