Yepa, he told us his thinking before the election
just like Atlantic city and his business of setting up a series of LLCs, just go bankrupt because it is the bank's fault for giving you the loan. While that is against my moral and ethical compass, it is true that is the bank's fault.
Just like home loans, I would never default on that loan when the market tanks. I would wait it out. In reality, that is a business decision between the bank and individual. If the individual is willing to take a hit on his credit score for years ( I think it is 7 years), then so be it. It is a business decision between the bank and a individual. The individual can make that business decision even if it is against my moral and ethical compass.
The issue with Trump is he acted like the US government should behave the same way. The problem is talking like that makes US bonds tank which is suppose to be a safe investment for many retirees and US\foreign investors.
The US and individuals cannot depend on Russia banks backing us like Trump businesses. THAT IS A NATIONAL SECURITY THREAT.
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In response to this post by Hoo TV)
Posted: 07/11/2018 at 11:38PM