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How Russian Money Helped Save Trump's Business

Risky Thicket

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It should be no surprise to anyone.

In the fall of 1992, after he cut a deal with U.S. banks to work off nearly a billion dollars in personal debt, Donald Trump put on a big gala for himself in Atlantic City to announce his comeback. Party guests were given sticks with a picture of Trump’s face glued to them so they could be photographed posing as the famous real-estate mogul. As the theme music from the movie Rocky filled the room, an emcee shouted, “Let’s hear it for the king!” and Trump, wearing red boxing gloves and a robe, burst through a paper screen. One of his casino executives announced that his boss had returned as a “winner,” according to Trump biographer Michael D’Antonio.

But it was mainly an act, D’Antonio told Foreign Policy. In truth Trump was all but finished as a major real-estate developer, in the eyes of many in the business, and that’s because the U.S. banking industry was pretty much finished with him. By the early 1990s he had burned through his portion of his father Fred’s fortune with a series of reckless business decisions. Two of his businesses declared bankruptcy, the Trump Taj Mahal Casino in Atlantic City and the Plaza Hotel in New York, and the money pit that was the Trump Shuttle went out of
business in 1992. Trump companies would ultimately declare Chapter 11 bankruptcy two more times. When would-be borrowers repeatedly file for protection from their creditors, they become poison to most major lenders and, according to financial experts interviewed for this story, such was Trump’s reputation in the U.S. financial industry at that juncture.


Source
 

Middleground

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Not shocking at all. Nice to see proof of this, but many of us have suspected for years that he was probably worth much less than he bragged.
 

Born Free

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Not shocking at all. Nice to see proof of this, but many of us have suspected for years that he was probably worth much less than he bragged.

A left wing rag and you believe everything you read
 

SenorXm/Sirius

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He bankrupted The Plaza Hotel in Manhattan. I have no idea how anybody can bankrupt a five star hotel in Manhattan. You got to be an effing buffoon to do that. It's now coming out that he is a complete moron and fool.
 

Rexedgar

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It's only been 27 yrs ago, maybe it will come out in the coming months for maybe in the next 27 years

What’s Trump been eating?
 

Mycroft

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It should be no surprise to anyone.



Source[/FONT][/COLOR]

I wonder...

If a Russian buys something from you with US dollars, is he paying you "Russian money"?

Oh...hey...don't worry, I'm not questioning your OP. Just wondering.
 

Lord Tammerlain

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I wonder...

If a Russian buys something from you with US dollars, is he paying you "Russian money"?

Oh...hey...don't worry, I'm not questioning your OP. Just wondering.

I expect the stronger concern and likely one, is money laundering for various Russian criminal ords
 

Rogue Valley

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Russians have purchased expensive condos in Trump Tower NYC and in Florida. But no one ever moved in. They are still empty today.

Real-estate is a classic vehicle for money laundering. It's a win/win for both Trump (the sale price) and the Russian oligarchs (traded dirty money for valuable fungible property).
 

SenorXm/Sirius

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Russians have purchased expensive condos in Trump Tower NYC and in Florida. But no one ever moved in. They are still empty today.

Real-estate is a classic vehicle for money laundering. It's a win/win for both Trump (the sale price) and the Russian oligarchs (traded dirty money for valuable fungible property).

Yep.. and Trump and his crime family live and do business and the money was laundered in New York. So Trump's pardons won't do him a damn bit of good if New York goes after him and his Mafia like family.
 

azgreg

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Trump steaks

With ketchup.

tenor.gif
 

Mr Person

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It should be no surprise to anyone.



Source[/FONT][/COLOR]

"Yeah, but he has money" - Supporters

"So do we" - The Mob






1992, 27 yrs ago, can't you find something a little further back than that? Oh, and your source, never heard of them, they read like a left wing rag.

A left wing rag and you believe everything you read

It's only been 27 yrs ago, maybe it will come out in the coming months for maybe in the next 27 years

You call that proof, show me the proof.

"oh, ****! A squirrel! LOOK AT THAT!" - Supporter(s)
 

DaveFagan

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Russians have purchased expensive condos in Trump Tower NYC and in Florida. But no one ever moved in. They are still empty today.

Real-estate is a classic vehicle for money laundering. It's a win/win for both Trump (the sale price) and the Russian oligarchs (traded dirty money for valuable fungible property).

I see, I see, I see! Or maybe I don't. If Russians buy and it's dirty momey and Saudis buy and it's not dirty money, you must have left something, or a lot of things, out of your cogent or lame analysis. Let me think. Russians bad. Have we heard that before from either Pete or repeat?
/
 

PeteEU

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Cardinal

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I wonder...

If a Russian buys something from you with US dollars, is he paying you "Russian money"?

Oh...hey...don't worry, I'm not questioning your OP. Just wondering.

If a Russian is one of the sources of Risky Thicket's wealth, and then Risky runs for President, refuses to show his tax returns, refuses to reveal his prior business relationship with said Russian and then lies about it for years, all the while speaking fondly of said Russian for no immediately obvious reason, then that would probably be the problem.
 
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