Trump Victory in the Republican Primary Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Trump Victory in the Republican Primary

DJT 10.84

-2.0%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: zax	9/17/2015 10:56:26 AM
	of 1289

Fact check snippet: washingtonpost.com “I never went bankrupt, by the way.” –businessman Donald Trump What’s Trump talking about? He’s making a distinction about the fact that his companies have filed for Chapter 11 bankruptcy protection, which means a company can remain in business while wiping away many of its debts. The bankruptcy court ultimately approves a corporate budget and a plan to repay remaining debts; often shareholders lose much of their equity. Trump personally has not gone “bankrupt” but as a result of his corporate bankruptcy restructurings, he did have to give up personal assets, such as yacht, to help make loan payments, and his equity stake in various casinos was greatly reduced. Trump claims he is worth $10 billion but other estimates put it much lower—around $3 billion. Max Ehrenfreund of The Washington Post’s Wonkblog documented that Trump’s business performance was actually relatively poor given the massive real estate assets that he inherited from his father. Citing an independent evaluation, Business Week put Trump’s net worth at $100 million in 1978. Ehrenfreund said that had Trump gotten out of real estate entirely, put his money in an index fund based on the S&P 500 and reinvested the dividends, he’d be worth twice as much — $6 billion — today. So that suggests his business skills are not quite as savvy as he claims.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next