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Reply to "Yuji officially endorses Donald Trump. Who is supporting Grandma Hillary ?"

Bibi Haniffa posted:
caribny posted:
Bibi Haniffa posted:

He never filed for personal bankruptcy.  These are all entities under the Trump Organization with other partners.  On Wall Street the nice word for this is "Restructured Deals."

So the fact that his record of failure as a business man doesn't bother you? This when the very reason why you claim that he will be a good president is based on this.

Either Trump is incompetent, or he is a dead beat cheat he refuses to pay his bills.

On Wall Street using Bankruptcy protection is a very common practice to restructure a company.  Even Fortune 500 companies do it.  It doesn't mean that you are poor or you don't have money.  It is part of the business machinery of the financial system.  Many of these companies later emerge from bankruptcy and some even become financial giants again.  Remember what happened in 2008 to the banking system when the housing market crumbled the financial industry.  It is how business works, and the smart ones use the system to their advantage.

The bottom line is that only mismanaged companies file for Bankruptcy protection and they are forced to restructure or be taken over.  I guess you do not know why the banking industry was forced to seek a bailout in 2008?  Read it would help.

FM
Last edited by Former Member
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