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lawhawk5/08/2019 7:05:41 am PDT

re: #150 DangerMan

I’m gonna say..for now…that’s how much trump said he lost

He admits he lost a bunch and carried the losses (which is allowable under NOL rules), because that’s what he thought all real estate bigwigs did to minimize their tax burden. He’s actually suggesting tax fraud by exaggerating losses. That’s a huge no-no.

Nothing he says makes any sense.

He isn’t a successful businessman. He’s a con artist who managed to carry off his grift because he inherited a fortune that allowed him to repeatedly fail without consequences. And as the sums got larger, he got leverage over the very banks and creditors because the more he owed, the more power he had to dictate terms (which is the opposite of how it works when you don’t owe as much).

As others point out, if you owe the bank $100, the bank owns you, but if you owe the bank $1 million, you own the bank. We saw this with Deutsche Bank, which is why their cooperation with NY investigators is so worrisome for Trumpworld. They know that the tax and financial information will reveal fraud, malfeasance, money laundering, etc., and that he never should have gotten a fraction of the funds he ultimately got.