Manhattan DA’s Office Digs Into Forgiven Loan In Trump Chicago Skyscraper Project | Talking Points Memo

It would be fairly foolhardy for Trump to try to have the guy who knows where all of his skeletons are buried turned into the “fall guy”. Trump is arrogant, corrupt, abusive, and impulsive, but not suicidal.

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And the plural is “sub-penis”?

Asking for a friend. In Florida.

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Yep the perfect fall guy is someone who knows almost nothing.
Sorry Eric.

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His (sagging) body pretty obviously follows the Law of Gravity.

That may be the end of the list, though.

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That’s a good one, Brian! Hilarious!!!:joy:

I agree, that’s got to be about the only law he follows… The law of gravity! :rofl:

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Oh, I’m sure he counted on it! :laughing:

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That’s only 'cause he can’t hire lawyers to try and indefinitely delay the consequences.
I suppose that’s the advantage of having natural laws that are self-enforcing.

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Other Peoples Money, OPM they call it. Who cares how they make a buck, they’re making a buck that’s all that counts.

But something don’t sound right, in zero sum world that $287 million has got to come from somewhere. Or be compensated for in other ways.

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I am keen on the Criminal cases against Trump…

And the Civil.

The latter can bust him to eventually be as poor as a…(type of) person he has tortured for 50+ years.

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He cheats there too with lifted shoes.

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The appeals process in the court of the laws of physics is brisk and final. As folks learn on curvy sections of highway 17 here every year.

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…poor as the people he exploits at his golf clubs.

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Come on. No need to single out Eric. Impotus has many, many options.

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If it wasn’t for the Deep State, he wouldn’t need trial.

… and Cerberus Capital Management…

Cerberus is the three-headed dog of Greek mythology that prevents the dead from leaving Hades.

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The American individual taxpayer. Remember profits are privatized , losses socialized.

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So it appears that in addition to all of his other financial shenanigans, Trump vastly inflates his claimed worth by claiming forgiven debt essentially as an “asset” — that’s a neat trick, magically transforming massive liabilities into massive claims of actual income. Yes, forgiven debt is treated as income for tax purposes, but only Trump would then claim that amount of forgiven debt as part of his claimed wealth.

Think about it — you owe someone $300 million, they forgive the debt, but you then claim that means you’re worth $300 million because you have to report that forgiven debt as income? The mind boggles.

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The New York Times previously reportedthat before Trump defaulted on the loan from Fortress, the company had expected to receive more than $300 million from the Trump Organization that included the $130 million in principal and roughly $185 million in anticipated interest and fees.

Am I really supposed to think the brilliant people running a hedge fund expected to make all of this money from a guy who can’t get a loan from any bank and perpetually welches on his debts? Seriously? I could have told them, even back then, (though the article doesn’t specify exactly when this loan was made) the story would end as it did.

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Bonuses are paid quarterly and the big one annually. The brilliant people got their money for landing the “deal”. No backsies on bonuses for deals that go sour years in the future. The joy of managing other people’s money.

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In that case, do I have a deal for them. Involves a bridge and Florida.

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