What does the future hold for Donald Trump? - threadbans in OP

Quin_Dub

https://www.boards.ie/discussion/comment/122025085#Comment_122025085

Certainly - But scamming a few hundred million out of the rubes for this nonsense might mean he gets to keep Mar A Lago or whatever as it would reduce the number of properties that would have to be seized to recoup the ~$500M he owes.

So he still benefits..

Patrick2010

https://www.boards.ie/discussion/comment/122025132#Comment_122025132

Should be used to it now

https://finance.yahoo.com/news/were-watching-trumps-7th-bankruptcy-unfold-171903858.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmllLw&guce_referrer_sig=AQAAACmczmkPg4w0ozDev5iMMQdDfrm85-ndnt1D2PENGDa3ruOfd9cwZ-xv8zVqB4eG_ysabq8ZVG80kMTCatGtKrIsFz-LLRAMQUAPVNOL_L1s-IRwHHeqkclIBYVnkaPxGXjh0jQuKeb4aROoSxlaTg1RQjSqjYUf1-Nh-e2o8dac

Rick Newman·Senior ColumnistUpdated Tue, Oct 13, 20207 min read

As a businessman, Donald Trump ran 6 businesses that declared bankruptcy because they couldn’t pay their bills. As the president running for a second term, Trump is repeating some of the mistakes he made as a businessman and risking the downfall of yet another venture: his own political operation.

In the 1980s, Trump was a swashbuckling real-estate investor who bet big on the rise of Atlantic City after New Jersey legalized gambling there. He acquired three casinos that by 1991 couldn’t pay their debts. The Taj Mahal declared bankruptcy in 1991, the Trump Plaza and the Trump Castle in 1992. Lenders restructured the debt rather than liquidate and Trump put his casino holdings into a new company that went bankrupt in 2004. The company that emerged from that restructuring declared bankruptcy in 2009. Trump’s 6th bankruptcy was the Plaza Hotel, which he bought in 1988. It went bankrupt by 1992.

Quin_Dub

https://www.boards.ie/discussion/comment/122025456#Comment_122025456

Historically , he'd have declared bankruptcy in a heart beat and run off with the remaining cash leaving his creditors high and dry , but now he has a political calculus to determine.

His whole Schtick is that he is a mega billionaire and the greatest businessman/negotiator the world has ever seen.

If he declares bankruptcy (again) that gets destroyed in the eyes of voters.

He NEEDS to win politically or he's going to jail so he has to work out (in his mind) which is less damaging politically - Going bankrupt and protecting his money/properties or fighting this in the courts and losing but maybe gaining political support that helps him win in November.

For now at least it seems that he's chosen the latter path , but as it all comes to a head in the coming weeks he might change his mind again.

Brief_Lives

https://www.boards.ie/discussion/comment/122023534#Comment_122023534

this is the funniest post…

Stanley 1

https://www.boards.ie/discussion/comment/122024801#Comment_122024801

Junior is trying to hold up DJT shares with his mates but most time spent doing coke in 40 Wall Street bathroom, Eric running around trying to hide businesse's cashflow but really hiding from his missus, Ivanka don't want to know, her marriage is on the line, Daddy or Jared.

ancapailldorcha

I'm out of the Trump loop, I have to say. The latest seems to be that he fell asleep in his own trial.

I've no idea how someone could fall asleep in their own trial, regardless of guilt or lack thereof.

Detritus70

https://www.boards.ie/discussion/comment/122025604#Comment_122025604

Is he buying shares or what do they do? Buying those shares is like buying soap bubbles, it's just burning cash.

I'm a complete dunce when it comes to shares, if people buy the shares the money goes to the company, so does it matter if the share price tanks?

You got their money and they have a worthless piece of paper, isn't that a good deal, especially if a common is as grossly overvalued as Truth Social?

eightieschewbaccy

The way he's behaving in the trial is definitely not gonna help him in the court of public opinion. I can't wait to see how it hits in terms of his polling. Say he's fuming.

Cody montana

Ex-Playboy model Karen McDougal who claims she had a ten month affair with former President is cleared to testify at his hush-money trial

Overheal

ex Trump Congressman, Madison Cawthorn of NC, where is he now edition:

https://www.newsweek.com/madison-cawthorn-republican-crashes-car-florida-state-trooper-1890638

Rawr

https://www.boards.ie/discussion/comment/122025908#Comment_122025908

Most of the time, the money from a share purchase is going to whoever is selling those shares, often not the company itself. Plenty of swapping between hands in the hope that whoever is selling will make a little profit on the sale if the shares value goes up. It's essentially gambling with little chucks of company ownership.

No expert myself, but I think that the company that's putting itself on the market does get money from the initial sale of available shares, or at least whoever it is that owns those inital shares. Donnie isn't allowed to sell his shares yet, but once he can, all of that money goes to him (or the SDNY depending on what happens).

But since the share value is tanking, you're getting the initial investors wanting to sell their stocks before their investment is a total loss for them. So they sell at a loss, which drops the value of the shares and scares others into selling at a loss, which drops the value of the shares…and so on…in this insane emotion-driven bulls*it production that the world's economy is apparently built upon.

Quin_Dub

https://www.boards.ie/discussion/comment/122026010#Comment_122026010

All correct - You also have the scenario where no one (or very few people) is buying the stock and the price keep dropping as the share price is the current "asking price" as it were.

If no one is biting , the asking price keeps dropping so if/when they get the approval to release all the available shares to the market the share price will plummet as supply will far outstrip demand.

The drop yesterday was the result of any actual sensible shareholder bailing out now before that total collapse happens.

Overheal

”imagine committing so many crimes you get bored at your trial”

https://youtu.be/NgeLRtpC2WI?si=Wvh5EjRD6hNvA1OK

LambshankRedemption

https://www.boards.ie/discussion/comment/122024661#Comment_122024661

Never mind his kids gradutation, he didn't even attend the inauguration of his successor.

Part of me thinks the reason he doesn't attend graduations is because he thinks he is worthy of the bigger prize on the day.

Detritus70

https://www.boards.ie/discussion/comment/122026036#Comment_122026036

I'm amazed it hasn't dropped further.

Quin_Dub

https://www.boards.ie/discussion/comment/122026186#Comment_122026186

It's the MAGA's - They see it as an article of faith to give him all their money so he can take them to the promised land..

I read an article the other day and it was quoting various reddit threads where the MAGA's were talking about wanting to "support their President" and having been "sent by God" to buy the stock as they discussed draining their Roth IRA (Pension) accounts to buy this junk..

The only other people buying the stock are short sellers , but they are few and far between because there are very limited numbers of people that are willing to buy the other side of that trade.

Rawr

https://www.boards.ie/discussion/comment/122026186#Comment_122026186

Can still take time. Plenty of shenigans to pull off before the shares are worthless. You've also got the wierd phenomenon of MAGA cultists buying shares as tribute to their God-King. That not enough to actually rescue the $DJT shares from oblivion, or increase their value, but it might slightly delay the total collapse of them.

TinyMuffin

is the truth social down. I googled trump truth to see his latest bowel movements but not loading.

duploelabs

https://www.boards.ie/discussion/comment/122025901#Comment_122025901

Put two suspects into a cell for the night, the one that sleeps is the one that's guilty

ancapailldorcha

https://www.boards.ie/discussion/comment/122026342#Comment_122026342

According to David Simon, that's a popular Baltimore PD trick. Leave the perp in a room by himself for a while and see if he sleeps. If so, he's guilty.

Quin_Dub

https://www.boards.ie/discussion/comment/122026350#Comment_122026350

Or the one that is "too stupid and arrogant to know how much trouble they are in" is the one that sleeps..

Detritus70

https://www.boards.ie/discussion/comment/122026405#Comment_122026405

That would be me. 😀
Eat when you can, sleep when you can, sh*t when you can. Pretty much my motto.

Cody montana

Down down down!

Trump media.

How low will it go?

duploelabs

https://www.boards.ie/discussion/comment/122026350#Comment_122026350

More reason why everyone should watch the wire

Quin_Dub

https://www.boards.ie/discussion/comment/122026566#Comment_122026566

It popped up briefly this morning when they announced plans to launch their own Streaming Service where all those content creators who were "cancelled" everywhere else could present their stuff along with a "news" channel which I assume would be something akin to NewsMax, but with a brain injury.

Obviously people weren't excited enough to keep buying the stock based on this promise.

At current run rate it will be below $20 before the week-end - That still leaves Trump with a $2B windfall if he can get out quick enough , but more likely it will continue to slump before he can get past the various procedural barriers allowing him to sell his shares.

everlast75

https://twitter.com/kyledcheney/status/1780234724482408877

🍿🍿🍿🍿

Quin_Dub

https://www.boards.ie/discussion/comment/122026761#Comment_122026761

Yeah, but he's only asking that Trump be forced to remove the multiple offending online posts and that the judge "admonish" him to ensure he complies with the order. He's not asking for him to be found in contempt and sanctioned.

Yet again , Trump getting special treatment - anyone else would be in "pre-trial detainment" already.

ancapailldorcha

https://www.boards.ie/discussion/comment/122026698#Comment_122026698

The people who should watch it will just shriek about how "woke" it is. Imagine, a show with a mainly black cast, set in a majority BAME city exploring themes like corruption, racism, policing, education, inequality, and journalism getting made now and not getting pilloried by the usual types.

lostboy75

https://www.boards.ie/discussion/comment/122026735#Comment_122026735

The 2b he would get is subject to someone/s willingness to buy the shares, the current fluctuations is based on a very small percentage of sellers and they alone have tanked the prices. If TFG put even a few percent of his holding up for sale I suspect it would drop the price to single digits. There is no way he can sell it all or even a reasonably percent of it without having a few large scale buyers in the wings. What the rules on that are I don't know though.

Point being, share price is no reflection of what he would get on the day

Stanley 1

https://www.boards.ie/discussion/comment/122027066#Comment_122027066

Surely Nasdaq should have stepped in by now and cancelled the whole farce, cannot be doing their "fit and proper" reputation any good and if a stroke is to be pulled has to be when Donnie allowed to sell.