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FFH5
Premium
join:2002-03-03
Tavistock NJ
kudos:5

1 edit
reply to J E F F

Re: LOL Investors Of Trump Tower In Toronto Got Swindled!

said by J E F F:

Trump has claimed bankruptcy, how many times? Anyone who aligns themselves with that swindler deserve what they get. Sorry, not pity for these people.

Reading the only link provided in this thread, Trump(other than selling use of his name and being a minority investor himself) isn't a party to the development of this building. So he won't be party to any of the lawsuits and bankruptcy won't involve him. »en.wikipedia.org/wiki/Trump_Inte···ronto%29
»www.theglobeandmail.com/news/tor···pid=rss1
--
A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the public treasury.


J E F F
Whatta Ya Think About Dat?
Premium
join:2004-04-01
Kitchener, ON
kudos:1
Even nicer eh? Trump (the person) knows how to separate himself from everything. This is why he has so much money.
--
If you can't explain it simply, you don't understand it well enough. - Albert Einstein


FFH5
Premium
join:2002-03-03
Tavistock NJ
kudos:5

1 edit
said by J E F F:

Even nicer eh? Trump (the person) knows how to separate himself from everything. This is why he has so much money.

True. OPM - Other People's Money. That is how the rich get richer. They don't risk their own money in a project. They get others to risk theirs, while Trump profits from consulting contracts, marketing deals, selling his name, etc.

A lot of these investors had no business at all in investing their money in a risky project(as all Real Estate projects are). I limit my Real Estate investments to REIT mutual funds where my risk is limited strictly to the amount I want to put in to it and where liquidity and diversity of investments limits the size of potential losses. An example: »performance.morningstar.com/fund···re=en-US
--
A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the public treasury.


G1gg1ty

@start.ca
Caveat emptor.


Ian
Premium
join:2002-06-18
ON
kudos:3

1 recommendation

reply to FFH5
said by FFH5:

....selling his name, etc.

Which was the case here. Even a cursory, most simplistic, due diligence into these deals would have revealed that Trump was licensing his name, but not investing a dime in the property, personally or through his companies.

Even the Joe-Blow blue-collar investors here should have wondered "Why is that?". The obvious answer was "Because it's a shitty deal and not even Donald Trump is that stupid." But they were blinded by their own greed.
--
“Any claim that the root of a problem is simple should be treated the same as a claim that the root of a problem is Bigfoot. Simplicity and Bigfoot are found in the real world with about the same frequency.” – David Wong


Free Gold

@videotron.ca
said by Ian:

Even the Joe-Blow blue-collar investors here should have wondered "Why is that?". The obvious answer was "Because ...

"There's a sucker born every minute".