Eric Trump: Dad started with nothing

Tom, dear, get your story straight. Either his dad set him up with a million dollar loan or without. Which version do you prefer? You're not trying to have it both ways, are you?

And that someone can borrow money or obtain guarantees cheaply, easily, without paperwork, fees and headaches within the family doesn't make him a banking reject, it's actually a no-brainer and it doesn't make the family the lender of last resort, it makes it a normal family. Duh

 

My story is straight.

You're the one playing games by trying to insinuate that the million dollar loan was a loan Fred set Donald up in to start a business.

This is not true, and never has been.

Fred Trump used his son as a front man for a few of his projects. In one instance, Fred had to give Donald a million in order to avoid missing a draw in a construction loan.

Since you don't know anything about construction and not much about business, I will explain.

No one misses a draw on a construction loan, except under one condition. Construction loan draws are used to pay contractors. If the money does not exist when the invoices come due, this means either the bank is stepping in to protect their interest in the deal, or the developer has already obtained the money and used it for something else. Shady developers do this by faking lein releases, which is illegal, and automatically causes the loan to be in default if they get caught.

Trump had to pay his trades, so he went to daddy. Otherwise the banks would have called his loans and put his project under.

 

We're talking about Donald J Trump and his business, not how Fred Trump used his son on one of HIS projects. Again, see if you can get your story straight. One minute Fred set Donald up with a million, next he didn't set him up with a million but loaned him a million later, now it's not even Donald's business, it's his daddy's project

Lol, Tom, it's actually pretty funny

 

My point stands uncontested. You have yet to back up your claim in any way. Nor have you refuted a thing I have said, although you have tried to play games with words in order to hide the fact that you can't refute the fact that the "borrowed a million" claim is, and always has been false.

I never said Fred set Trump up with a million. You keep pretending that I did.

Fred Trump used his son as a front man. He put his son in charge of a couple of project, and has to lend him a million in order to cover his son when he spent the money. That isn't how Donald got in business, no matter how many games you try and play.

Fred Trump co singed on Donald's early deals, and his first big deal. the Commodore Hotel redevelopment was actually Fred's deal with the Pritzkers. Donald was the front man and he got to play the role of self made upstart for the business press. He was a front man.

Fred would wind up bailing Donald out in Atlantic City to the tune of far more than a million dollars.

Any way you cut it, Donald never started small, and was never self made. He never lacked for money or work a day in his life, thanks ot his daddy.

If you want to keep pushing your favorite lie, you might try providing some evidence.

We both know you can't.

 

Are you saying Fred was training and grooming his son Donald in his business until Donald was ready to branch out on his own and run his own company? And once Donald did branch out, without his father's million, starting with nothing, he went on to create a global business empire, employ tens of thousands of Americans and make several billions?

And your problem with this is?

 

Same goes for Trump and hiring foreign workers/outsourcing his products. Both are hypocrites.

 

Exactly, bingo, that was the exact point I was making. Except the hypocrites are the libs who accuse Trump. That people who campaign to change laws/rules don't commit financial/political suicide and play by existing laws/rules until they're changed is common sense, not hypocrisy.

 

Donald Trump never started out with nothing. Fred set him up, paid his bills, underwrote his projects, and bailed him out of his screw ups.

All of that is well documented.

You're being as childish as your hero now. I challenged you to document your claim. Of course, we both know you can't.

So you persist with your silly little word games.

Trump never started with nothing. He has it handed to him, and he almost lost it all.

 

According to you, he did not start with nothing and he didn't start with a borrowed million and he was running his daddy's projects and then suddenly one day he has his own profitable and independent (of his dad's) business.

Frankly you're making absolutely no sense, if he has his own business he had to start it somehow lol

 

Man, that'd be awesome.

 

That's what inheritance is.

 

I doubt they could afford them, they were probably on food stamps as cheap as Trump is

 

He inherited a part of his dad's estate in 1999 - 2000. By that time Donald had been in business for himself for 30+ years, had created his own business empire and brand name and had massed a fortune close to $1 billion.

 

Trump is not going to bring manufacturing jobs back to the US, and as far as labor--Trump is anti-union. Trump doesn't give a rat's arse for the little guy. It is all a lie.

 

If he cared for the little guy he wouldn't be making his clothing in other countries, stiffing contractors and misusing foreign worker visas to displace American workers in his hotels.

He's a shyster.

 

"Shyster" was coined just for Trump.

 

is it a sign, omen, or portent; that we may have a Shyster, representing the "Great Shysters", in the Middle East?

 

Some successful people have learned that one essential key to success is to blow your own horn. Trump is very accomplished at doing that, but imo that does not necessarily translate to excessive hubris. It could be just a tactic.

 

Right; he spent his whole life working. That's what we need as President--someone that gets things done.

 

Looks to me as though he was tested by his father for competency and given increasing responsibility as he was able to handle it. Trump's Dad chose him to be his successor, after all. Another older brother was useless and Trump was chosen over that one.

 

They certainly didn't do much to protect us from the Muslims Obama was placing in positions of power.

 

I remember that time my dad gave me 14 million dollars.....don't you?

 

Maybe as young children. No nanny taught his oldest daughter how to run his business.

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I remember the time my Dad found me a "cream puff" used car. I believe I paid it off.

 

Trump made his money the old fashioned way.....his daddy gave it to him. LOL

 

Trump Revealed

https://www.washingtonpost.com/trumprevealed/

These stories are based on reporting for “Trump Revealed,” a broad, comprehensive examination of the life of the Republican nominee for president. The best-selling biography, written by Post reporters Michael Kranish and Marc Fisher in collaboration with more than two dozen Post writers, researchers and editors, was published by Scribner on Aug. 23.