Creating jobs that NEVER pay ..

[chikenwing]

Trumpbots think its an HONOR to get fucked by Donnie.

And Clinton cocksuckers think it's an honor to get fucked by the Clintons.

there it is .... AUTODEFLECT ..... CLINTON

mention Trump and shazam ........ ^^^^^^^^^ magically appears .

Yeah, and auto-deflect, Trump.

You ignore the reprehensible nature of your candidate, by deflecting to a business venture of the GOP candidate.

Hypocrite.

ok. fine lets compare apples to apples

how many times has Clinton built a Casino, declared bankruptcy, and left contractors holding the bills, putting some of them out of business?

No she just ***** over whole countries lybia ring a bell?
How many deaths?safe place for ISIS thousands displaced.
How many people's deaths are on Trump's head?

 

[Soggy in NOLA]

Note the use of "Trump" and "he" throughout this article.

Donald Trump did not enter into these contracts. A legal entity developed and partly owned by Trump entered into the contracts. The company had Trump's name, but there were no personal guarantees or, apparently, any payment security (payment bond, L/C, etc). Anyone entering into a contract with this legal entity was obliged to do a bit of "due diligence" to satisfy itself that it was signing on with a company that had the wherewithal to meet its debts.

Construction subcontractors typically insist on either milestone or progress payments, which are intended to ensure that they will never be very far under water if the project goes belly up or if the project owner does not pay. Also, non-payment during construction is grounds for suspending the work - without penalty, for those with the balls to do so. Finally, these companies apparently were willing to sign contracts that waived their statutory right to file a mechanic's lien - something that should only be done on rare occasions when there is no question of payment. Had they not signed away their lien rights their bargaining position would have been much better when the casino failed to pay.

In this case, it was a very speculative venture, created on the assumption that there would be enough people willing to pay premium prices for food, lodgings, and services, when compared to other gambling establishments nearby. The contractors mentioned in the article made very poor business decisions and did not exercise very good project management during the course of the work.

Trump develops projects all over the world, many of which are very speculative in nature. In most cases they are successful, but sometimes the projects fail. There is no comparison with a lifetime politician (or wife of a politician) who basically does nothing, and can basically never fail to do it.

Finally, these companies apparently were willing to sign contracts that waived their statutory right to file a mechanic's lien - something that should only be done on rare occasions when there is no question of payment.

it pays to never assume one of the richest men in the country will make good on his debts ... got it.

It isn't his debt spongebrain.

 

[Siete]

Note the use of "Trump" and "he" throughout this article.

Donald Trump did not enter into these contracts. A legal entity developed and partly owned by Trump entered into the contracts. The company had Trump's name, but there were no personal guarantees or, apparently, any payment security (payment bond, L/C, etc). Anyone entering into a contract with this legal entity was obliged to do a bit of "due diligence" to satisfy itself that it was signing on with a company that had the wherewithal to meet its debts.

Construction subcontractors typically insist on either milestone or progress payments, which are intended to ensure that they will never be very far under water if the project goes belly up or if the project owner does not pay. Also, non-payment during construction is grounds for suspending the work - without penalty, for those with the balls to do so. Finally, these companies apparently were willing to sign contracts that waived their statutory right to file a mechanic's lien - something that should only be done on rare occasions when there is no question of payment. Had they not signed away their lien rights their bargaining position would have been much better when the casino failed to pay.

In this case, it was a very speculative venture, created on the assumption that there would be enough people willing to pay premium prices for food, lodgings, and services, when compared to other gambling establishments nearby. The contractors mentioned in the article made very poor business decisions and did not exercise very good project management during the course of the work.

Trump develops projects all over the world, many of which are very speculative in nature. In most cases they are successful, but sometimes the projects fail. There is no comparison with a lifetime politician (or wife of a politician) who basically does nothing, and can basically never fail to do it.

Finally, these companies apparently were willing to sign contracts that waived their statutory right to file a mechanic's lien - something that should only be done on rare occasions when there is no question of payment.

it pays to never assume one of the richest men in the country will make good on his debts ... got it.

It isn't his debt spongebrain.

so he filed for bankruptcy in anther persons name ... his name isn't on the flashing neon sign out front ...

you and kosh get a room and compare IQ's

 

[Mr Natural]

so he filed for bankruptcy in anther persons name ... his name isn't on the flashing neon sign out front ...

you and kosh get a room and compare IQ's

 

[Soggy in NOLA]

Note the use of "Trump" and "he" throughout this article.

Donald Trump did not enter into these contracts. A legal entity developed and partly owned by Trump entered into the contracts. The company had Trump's name, but there were no personal guarantees or, apparently, any payment security (payment bond, L/C, etc). Anyone entering into a contract with this legal entity was obliged to do a bit of "due diligence" to satisfy itself that it was signing on with a company that had the wherewithal to meet its debts.

Construction subcontractors typically insist on either milestone or progress payments, which are intended to ensure that they will never be very far under water if the project goes belly up or if the project owner does not pay. Also, non-payment during construction is grounds for suspending the work - without penalty, for those with the balls to do so. Finally, these companies apparently were willing to sign contracts that waived their statutory right to file a mechanic's lien - something that should only be done on rare occasions when there is no question of payment. Had they not signed away their lien rights their bargaining position would have been much better when the casino failed to pay.

In this case, it was a very speculative venture, created on the assumption that there would be enough people willing to pay premium prices for food, lodgings, and services, when compared to other gambling establishments nearby. The contractors mentioned in the article made very poor business decisions and did not exercise very good project management during the course of the work.

Trump develops projects all over the world, many of which are very speculative in nature. In most cases they are successful, but sometimes the projects fail. There is no comparison with a lifetime politician (or wife of a politician) who basically does nothing, and can basically never fail to do it.

Finally, these companies apparently were willing to sign contracts that waived their statutory right to file a mechanic's lien - something that should only be done on rare occasions when there is no question of payment.

it pays to never assume one of the richest men in the country will make good on his debts ... got it.

It isn't his debt spongebrain.

so he filed for bankruptcy in anther persons name ... his name isn't on the flashing neon sign out front ...

you and kosh get a room and compare IQ's

You need a basic course in business law spongebrain. He never declared bankruptcy, no matter how many times you tell yourself that he did, he didn't. Given your logic, if I own stock in Exxon and they declare bankruptcy, then I filed bankruptcy.

You libs have no clue.

 

[RandallFlagg]

At this point what does it matter?

what point? it never matters to Trumpbots at any point.

you pay for, and lay millions of dollars of expensive marble then get nothing for it ... tell that guy it doesn't matter.

I don't know....maybe he should be in a union? Maybe read his contract a little better? I don't understand what the hell your point is...

 

[g5000]

Given your logic, if I own stock in Exxon and they declare bankruptcy, then I filed bankruptcy.

Oh. Is your name on a gas station?

 

[g5000]

2020:

Hey. It wasn't my name on the $10 trillion of new US debt I ran up...

 

[Siete]

At this point what does it matter?

what point? it never matters to Trumpbots at any point.

you pay for, and lay millions of dollars of expensive marble then get nothing for it ... tell that guy it doesn't matter.

I don't know....maybe he should be in a union? Maybe read his contract a little better? I don't understand what the hell your point is...

then go find a thread you DO understand.

 

[RandallFlagg]

At this point what does it matter?

what point? it never matters to Trumpbots at any point.

you pay for, and lay millions of dollars of expensive marble then get nothing for it ... tell that guy it doesn't matter.

I don't know....maybe he should be in a union? Maybe read his contract a little better? I don't understand what the hell your point is...

then go find a thread you DO understand.

Well, you said that you are upset that the guy didn't get paid what he thought. Apparently he is a liberal and can't read a simple contract. But I guess that doesn't fit your narrative of "Oh, poor pitiful me".

 

[BluesLegend]

So stupid liberal hacks are okay with filing personal bankruptcy stiffing paying customers with their bills but a corporation should never file for bankruptcy even when money grubbing politicians kill the business with oppressive taxes? There's a reason so many casino's in Atlantic City went bust, yep Dem's in state government sunk their tax and spend vamp fangs into the area killing it.

 

[Siete]

So stupid liberal hacks are okay with filing personal bankruptcy stiffing paying customers with their bills but a corporation should never file for bankruptcy even when money grubbing politicians kill the business with oppressive taxes? There's a reason so many casino's in Atlantic City went bust, yep Dem's in state government sunk their tax and spend vamp fangs into the area killing it.

provide a list of casinos that went belly up in 1990 .....

`````````````

casinos all over the country struggled after 43 took office and went through 2 recessions.

 

[BluesLegend]

So stupid liberal hacks are okay with filing personal bankruptcy stiffing paying customers with their bills but a corporation should never file for bankruptcy even when money grubbing politicians kill the business with oppressive taxes? There's a reason so many casino's in Atlantic City went bust, yep Dem's in state government sunk their tax and spend vamp fangs into the area killing it.

provide a list of casinos that went belly up in 1990 .....

I lived there fool, NJ Democrats and their crime family public employee unions are corrupt as hell. Why don't you look up the property tax rates in Atlantic City then you won't look like a retard.

 

[Soggy in NOLA]

Given your logic, if I own stock in Exxon and they declare bankruptcy, then I filed bankruptcy.

Oh. Is your name on a gas station?

Oh goody, another numbnut with zero understanding of basic business law.

 

[Siete]

So stupid liberal hacks are okay with filing personal bankruptcy stiffing paying customers with their bills but a corporation should never file for bankruptcy even when money grubbing politicians kill the business with oppressive taxes? There's a reason so many casino's in Atlantic City went bust, yep Dem's in state government sunk their tax and spend vamp fangs into the area killing it.

provide a list of casinos that went belly up in 1990 .....

I lived there fool, NJ Democrats and their crime family public employee unions are corrupt as hell. Why don't you look up the property tax rates in Atlantic City then you won't look like a retard.

I could care less where you lived and property taxes ... the casino business wasn't in trouble when and where you claim it was ...

 

[BluesLegend]

So stupid liberal hacks are okay with filing personal bankruptcy stiffing paying customers with their bills but a corporation should never file for bankruptcy even when money grubbing politicians kill the business with oppressive taxes? There's a reason so many casino's in Atlantic City went bust, yep Dem's in state government sunk their tax and spend vamp fangs into the area killing it.

provide a list of casinos that went belly up in 1990 .....

I lived there fool, NJ Democrats and their crime family public employee unions are corrupt as hell. Why don't you look up the property tax rates in Atlantic City then you won't look like a retard.

I could care less where you lived and property taxes ... the casino business wasn't in trouble when and where you claim it was ...

Your ignorant.

 

[whitehall]

Maybe the left just doesn't freaking understand how the economy works. They keep whining about more infrastructure jobs and government employment but they don't understand that government jobs do not and can not grow the freaking economy. All they do is transfer confiscated taxpayer dollars from one segment of society to the other. Government doesn't make a dollar that they don't print or confiscate sometimes at the point of a gun. Barry Hussein never made an honest dime that wasn't confiscated from taxpayers and Hillary never had a freaking job that wasn't arranged by her pervert husband. Y'all quasi-socialist low information lefties might not like it but the risks and accomplishments of private sector entrepreneurs like Trump and his construction projects are the only way the economy grows.

 

[francoHFW]

submit a bid, get the contract, build a showplace, then wait in line to collect 33 cents on the dollar for the work you completed in good faith..


Trump Taj bankruptcy left many contractors angry

Who cares? Happens every day all over America. Tell us, what has the Clinton Crime Foundation done for anyone other than make the Clintons filthy stinking rich?

Plenty, dupe/ignoramus. Google it and find some reality among all the Pubcrappe. Actually, they make all their money giving speeches, especially to GOP a-holes...lol

 

[g5000]

Given your logic, if I own stock in Exxon and they declare bankruptcy, then I filed bankruptcy.

Oh. Is your name on a gas station?

Oh goody, another numbnut with zero understanding of basic business law.

I'll take that as a no.

Your analogy fails.

 

[Siete]

So stupid liberal hacks are okay with filing personal bankruptcy stiffing paying customers with their bills but a corporation should never file for bankruptcy even when money grubbing politicians kill the business with oppressive taxes? There's a reason so many casino's in Atlantic City went bust, yep Dem's in state government sunk their tax and spend vamp fangs into the area killing it.

provide a list of casinos that went belly up in 1990 .....

I lived there fool, NJ Democrats and their crime family public employee unions are corrupt as hell. Why don't you look up the property tax rates in Atlantic City then you won't look like a retard.

I could care less where you lived and property taxes ... the casino business wasn't in trouble when and where you claim it was ...

Your ignorant.

Your ignorant




YOU'RE an idiot ..