Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

I do not see any fires. Where are US troops engaged ???

 

There's no troops anywhere on the 800 plus US bases nor are there any Aircraft carriers in the Persian Gulf or SCS nor any troops or special soldiers in any of the covert bases around the world, there's no javelins nor special forces in Ukraine. These vessels are floating around empty and these bases just sit there unoccupied, nothing is happening.... now go catch that butterfly called Trump's taxes

 

There was no good reason to create Fannie and Freddie. Let's get rid of them.

 

What crimes did Trump commit? None? Then there's no issue here.

 

He was the biggest of the big NYC real estate investors at that time, so naturally he took the biggest losses on his returns to get the biggest benefits of the laws the congress had written into the tax code.

That's exactly what you're supposed to do, go for the gusto!

 

They won't learn anything, given that they tend to be thicker that whale sandwiches.

Trump has discussed this many times on interviews, mentioned it on The Apprentice, and even wrote a book about it 20 years ago ago. Now the NY Times runs an article and Los Stupidos think they have learned something new and important. They are hopeless. https://en.wikipedia.org/wiki/Trump:_The_Art_of_the_Comeback

https://publicintegrity.org/business/taxes/trumps-tax-cuts/you-paid-taxes-these-corporations-didnt/

 

Where are these troops engaged ?? What covert bases ??

 

Ok you just wait here while I run around and detail all the geopolitics of the past two years for you. Pay attention or remain in your bubble, I'm not here to educate you.

 

So you obviously made all of this up.

 

I disagree, they just need to be properly regulated. It can not happen when the chairman of the Fin Service Committee, Barney Frank, has a sexual relationship with the head of Fannie. I don’t care about there love life, the issue is that govt can be compromised. It might not have been intentional, but corruption starts that way

 

That the data still shows your position is bullshit, lol

 

Not even Democrats believe that Obamanomics is a winning position.

 

The data is perfectly clear. The economy has been on the exact same unchanging upward trend since 2010. I am so sorry that this fact clashes with your ideology, and forces you to detach yourself from reality, I really am.

 

I was so pleased to read your well thought out explanation.

I do recall that and it lasted a long time. I invented around 1980 what was called the sleeping mortgage.

Get this. We can't do it today and I will explain why not.

I sold homes doing this. My buyer would assume the basic VA or FHA loan with an interest rate of 7 percent. That rate lasted for a good number of years.

This by the way managed to sell the home for the sales prices sellers set as long as the price was actually valid per market sales. Homes got hard to sell but in my part of Ca, prices did not shoot down much if anything.

So we had the first mortgage. Then since the buyer did not have enough cash to pay the seller for all of his equity, next came the amount of loan we could afford at a rate of say 15 percent. While that was high, at least it was capital for the buyer to use. And the payments on both loans were affordable for the buyer. And he would not default. But we were short of money to pay off the rest of the equity. So that the Seller carried back at say 8 percent for 5 years. The sleeping part was the buyer paid no payments at all to the seller who collected at the end of 5 years as a balloon payment.

Frankly sellers did not mind as much as buyers minded. They feared not having the money in 5 years to pay off the sleeping note.

What actually happened is in 2 years, I went to the buyers and asked them if they wanted me to save them a ton of money.

They said sure.

I then got in touch with the former owner and told them my buyer would pay them off now but for a large discount. I gave them time to decide. Did not put pressure on them. All but 1 Seller agreed to the discount.

Well the seller got his cash and the buyer used the cash for no cost. We by that time found lower priced loans to pay off the sleeping loan.

But the one guy who turned down the offer worked out fine. The buyer by taking advantage of cheaper financing was still able to pay off that guy and still save interest.

Why can't we now do this.

First mortgages are actually very low priced. Rates fell a lot. Lenders can enforce a prepayment penalty today. When my loans worked, we escaped all prepayment penalties.

VA and FHA low rate loans are harder to assume. And the rates can be made higher. Then the FHA and VA could not block a new buyer.

So the most recent crash. Democrats could have saved the market. They did not believe Bush. Bush told them around a dozen times the crash could happen. Bush later took over F/F to help restore the lending industry.

https://en.wikipedia.org/wiki/Federal_takeover_of_Fannie_Mae_and_Freddie_Mac

 

So you say Obama fixed the economy in 2009? By doing what?

 

The fact is that loans crashed first. And the banking firms such as Lehman had their necks out like the thanksgiving turkey does for dinner.

I blame Fannie and Freddie most for the housing collapse. But of course we do blame some of it on banks.

However most banks were solid. And when Paulsen forced them to take huge amounts of cash, they all raised hell with Paulsen and damned him for making them borrow from the Fed. And as soon as possible, they paid the Feds back. So they never were in danger.

So why blame F/F ??? Easy. People ignore who sets the lending rules. And not all rules are good. In fact FF rules killed them. Bush had to take them both over.

What rules? Rules we lenders had to obey. We were told earlier by FF that rules changed. And we could market bad loans to buyers. We were told the homes appreciate so not to worry. Brokers do not make the rules. FF made the rules. So they got the blame.

 

When did his father have his hands on 400 million dollars? Why would he hand such a fortune over?

 

^^^^ Thread Win

 

Nobody believes that. Even the Democratic Party. You appear to be one man on an island.

 

I know I would and I believe others too want to see where you come up with those figures about Trump?

Money inherited spends as well as other money in the bank. I recall a long time ago when it was in the news that Trump was really in serious trouble. But he bounced back. He wrote a couple of books explaining that. Did you read both of those books?

I don't know what he earned on TV but I bet it was a hell of a lot of cash. Look at the cash Oprah Winfrey made off of TV. She really must be worth over a billion dollars.

I do not recall ever hearing that Trump made money in the stock market. Sure he owned corporations that have stocks, but a stock market trader is not normally a builder of buildings or golf courses.

Early in the 90s, around the time of Bill Clinton becoming president the stock market took a dive;. We called it the dot.com bust. The dot.coms caused the market to soar for a few years. But when it dived, it dived fast.

I undershot Oprah Winfrey. She is worth at least 2.6 billion dollars.

Oprah Winfrey/Net worth

2.6 billion USD
2019

 

One trip to Mar-a-Lago on Air Force One will eat that up and more. He's hoping to fool rubes who don't see through empty gestures, and succeeding apparently

 

And just how much one trip to Honolulu on Air Force One eats up?

 

And no apocalypse happened when Trump was erected into the White House? Trump did not ruin what Obama was so tirelessly building over his reign?

 

Tarp, omnibus stimulus spending etc.

 

We do know that a clear majority did not.