Monday, August 9, 2010

tumblr

sorry guys, but I am moving to http://www.tumblr.com/
please join me over there
at http://donaldtrumpbankrupt.tumblr.com/

Monday, July 19, 2010

what can we do to stop this shit from going down!?

as a reply to my last post, chippercharlie said: " what a douche! Im seriously pissed! like, what can we do to stop this shit from going down!? ", and that sounded interesting - what can we do to stop this shit from going down?
So I was thinking to myself, how about a small demonstration under his window or at a restaurant where he eats?
Why not tell the Donald in his face what we think about him?
What do you say, will you join?

Thursday, July 15, 2010

what a loser

Trump Entertainment’s New Owners Plan to Sell Casino
July 14, 2010, 3:31 PM EDT
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Story Tools


July 14 (Bloomberg) -- Trump Entertainment Resorts Inc., the bankrupt Atlantic City casino company, is in talks to sell the Trump Marina Hotel Casino, according to the leading bondholder taking over the company.

Discussions are under way with interested buyers, Marc Lasry, chief executive officer of New York-based Avenue Capital Group, told the New Jersey Casino Control Commission today in Atlantic City. Lasry and Avenue Capital, which will own 22 percent of Trump Entertainment once it exits bankruptcy, gained interim licensing approval from the panel.

Billionaire Lasry, along with other bondholders and company founder Donald J. Trump, won control of Trump Entertainment in April when a bankruptcy judge ruled their bid was better for creditors than a competing offer by investor Carl Icahn. Today’s licensing and plan approvals will pave the way for Trump Entertainment’s three Atlantic City casinos to exit bankruptcy for a third time.

“The Marina needs, how do I say this nicely, it needs updating,” Lasry said. “It’s in a phenomenal location, but it’s a bit old, and it’s a bit dated.”

Trump Entertainment, which last emerged from bankruptcy in May 2005, owns the Trump Taj Mahal Resort, Trump Plaza Hotel & Casino and Trump Marina. The three properties also went through bankruptcy in the 1990s.

Gambling Slump

Coastal Marina LLC, controlled by Richard T. Fields, had agreed in 2008 to buy Trump Marina and turn it into a Margaritaville casino resort. Last year, Fields renegotiated the deal, which included settlement of an unrelated lawsuit, and then reached yet another plan with bondholders to buy the Marina before Trump switched sides and aligned with them.

Atlantic City gambling revenue fell 8.4 percent this year through June from a year ago, extending a record three-year decline for the New Jersey seaside resort, hit by the economic slowdown and competition from nearby states including Pennsylvania, New York and Delaware. Six of the city’s casinos wound up in bankruptcy or are restructuring debt, and development has stalled.

Trump Entertainment’s new owners plan to spend money updating Trump Plaza, and want to attract more families to Atlantic City in order to compete with new casinos closer to their homes in nearby states, Lasry said today during commission questioning.

Icahn’s Plan

“I believe over the course of the next five years a lot of value is going to be created,” Lasry said. He said he was “more positive about the economy six months ago” and now believes Atlantic City casinos will turn around in two to three years, longer than the one to two years he had earlier projected.

U.S. Bankruptcy Judge Judith H. Wizmur on April 12 sided with a group of bondholders owed $1.2 billion. Their proposal reduces Trump Entertainment’s debt by $1.4 billion, gives Trump as much as 10 percent of the company he once ran and allows continued use of his name. The bondholders also offered to invest $225 million in Trump Entertainment.

Under Icahn’s losing plan, $480 million in bank debt that he bought from Texas banker Andy Beal would have been fully repaid by converting it to equity, wiping out the bondholders. Under the bondholders’ winning proposal, their notes will be canceled and the bank loans will be reduced by at least $100 million after selling a stake in the company. The remainder will be converted to a new loan to be repaid by 2015.

Icahn Objection

Icahn and Beal filed a last-minute objection to Trump Entertainment’s plan to exit bankruptcy, claiming that the company has not yet negotiated a brand licensing agreement with Donald and Ivanka Trump. The company has also failed to give Icahn and Beal copies of a new credit agreement, the pair said in court papers filed July 12.

Judge Wizmur scheduled a July 15 hearing on the objection, the day Trump Entertainment expects to exit bankruptcy, according to court papers.

When the bondholder-sponsored reorganization plan was approved, the judge required that copies of the licensing and credit agreements be given to Icahn and Beal so they could have a chance to challenge them before Trump Entertainment exited bankruptcy.

The bankruptcy case is In re TCI 2 Holdings LLC, 09-13654, U.S. Bankruptcy Court, District of New Jersey (Camden).

--

(http://www.businessweek.com/news/2010-07-14/trump-entertainment-s-new-owners-plan-to-sell-casino.html)

Sunday, July 11, 2010

"I don't think it's a failure, I think it's a success."

"No question about it, they should just retire the award.

Few people in the world could come out with a new fragrance, as did The Donald a few months ago, generate great ratings with a hit TV show starring himself, and then follow those triumphs up by declaring bankruptcy.

But that's not even close to the full, true genius of this amazing man: he told the Associated Press in a telephone interview this past Monday, after news of his Chapter 11 filing was announced, "I don't think it's a failure, I think it's a success."

He went on, "In this case, it was just something that worked better than the alternatives. It's really just a technical thing."

Yeah - so is a flat EEG. But I digress.

Trump's braggadocio reminds me of that old saw, "If you owe the bank $10,000 and you can't make your payments they'll come after you; if you owe them $10,000,000, hey, no problem: they'll loan you another couple million so you can keep making your payments.

What a crock.

To the thousands of people who are shareholders in Trump Hotels & Casinos, and have lost all their money, I guarantee you it's much, much more than "a technical thing".

Too bad they drank the Kool-Aid.

Probably made it with the Donald's signature water"
=============================================================================
also:
"
Donald Trump is a fraud.

He has declared bankrupcy multiple times, and is only "rich" in the sense that a lot of people have invested a lot of money in his various failed enterprises.

Real entrepreneurs start out with nothing, and turn it into something that the market craves.

Trump invests in Real Estate, which is already a known quantity, and then proceeds to drive it into the fucking ground.

All while claiming "success."

====================================================================================
and also: "

Whenever I hear the word "Trump" outside of cut-throat bridge tourneys, I can't help but think of the sobriquet coined by Spy Magazine: "short fingered vulgarian".

As it was then, it is now."

=============================================================================
and: "


I knew about Donald Trump before all these wannabe people started watching Apprentice. The guy is a freak. A pervert who uses his kids as a meal ticket and uses women. Procreation is a joke to him. I don't know how any heshe could touch him or even look at him naked. He is a low class nickel and dime wig hairdo freak. His kids are losers won't amount to anything just simply a name. He is America's chosen freak. Everything he does is wrong and he calls it success. The guy gives a positive attitude a new meaning. I wish he just died."

===========================================================================
and: "

Let me tell you something boys and girls, Donald Trump screwed all of the investors in this project. Ripped them off royally. He promised over and over and over again, that even it it took his own personal funds, he was going to make sure that Trump Towers Tampa was built. But, did the media catch that bait and switch that he pulled? Did the Feds investigate Donal Trump's fraud? What am I talking about? Well, Trump falsely made like he was going to take this project over and see it to completion, convincing investors to continue pouring their life's savings into it. He read the soils reports. He know that the property was unbuildable. He KNEW that he had no intention of ever taking over this loser project. As soon as he could drum up another "sucker", Mirabilis Ventures, Trump bailed. He bailed and claimed that "well, I guess I lost...I got out bid on my own project". Trump committed fraud, and he skated. Oh, and FWIW, I have no money invested in Trump Towers Tampa and no interest in it's success or failure whatsoever. I just know what happened and feel that the truth needs to be told. Trump, or Trump's cover-up boys need to keep reading the truth.

Thanks for listening. Undercover Trump-Towers correspondent signing off: Ricardovitz"



(http://blogcritics.org/culture/article/donald-trump-poster-boy-for-failing/)

Friday, July 9, 2010

Why does the Donald love Gadhafi?

Remember the post about the Donald hosting Gadhafi?
well, the following might be an explenation for the motivation:

"CNBC's "Squawk Box" Speaks with Donald Trump (Transcript Included)
Topics:Squawk Box Donald Trump
...

TRUMP: JOE, OPEC IS 99.9% OF IT.THE OIL COMPANIES, BETWEEN THE OIL COMPANIES AND THEY LAUGH, JOE.THEY LAUGH AT THE STUPIDITY OF OUR POLITICIANS.

KERNEN: WHEN THERE WAS A GLUT, THEY WERE IMPOTENT.

TRUMP: HOW LONG DID THAT LAST? THREE YEARS?

KERNEN: REMEMBER AFTER THE SHOCK IN THE '70s, FOR YEARS AND YEARS THEY WERE UNABLE TO MOVE THAT THING ABOVE $20 PER BARREL.

TRUMP: YOU KNOW WHAT MONEY THEY MADE AT $20?YOU KNOW WHAT MONEY THEY ARE MAKING TODAY.ONE CITY -- I WON'T SAY WHAT A MAJOR CITY OVER THERE, THEY TOLDME, YES, MR. TRUMP, WE ARE RIPPING DOWN THE ENTIRE CITY ANDWE'RE BUILDING A NEW ONE, OKAY?THIS IS THE KIND OF MONEY WE'RE TALKING ABOUT.I'D LOVE TO SEE MONEY COMING INTO THIS COUNTRY AND NOT GOING OUT..."


...

(C:\Documents and Settings\desktop\Local Settings\Temp\Rar$DI01.657\wilbur_CNBC's Squawk Box Speaks with Donald Trump (Transcript Included) - CNBC.mht)

Wednesday, July 7, 2010

Ugly!

The American Institute of Architects — never a group to remain silent in the face of structures that it deems unattractive — has released an index of the ugliest buildings in New York City, part of the local chapter’s annual guide to the city’s architecture. And guess who is ugliest this year? Hint: it’s the new headquarters of daily broadsheet newspaper.

Elsewhere in the new list are not one but two Donald Trump towers, a light blue T.G.I. Friday’s restaurant on Fifth Avenue, a training center for unionized iron workers, a drab Bronx apartment building and the former headquarters of the defunct Bear Stearns.

(http://blogs.wsj.com/metropolis/2010/07/06/the-ugliest-building-thats-fit-to-print/?KEYWORDS=donald+trump)

Tuesday, July 6, 2010

the W-S-J, W-T-F?

I don't get the Wall Street Journal, can't they make up their minds?
there is Trump the liar at
http://online.wsj.com/article/SB124261067783429043.html#articleTabs%3Dcomments
but there is also Trump the hero at:
http://online.wsj.com/article/SB10001424052748704911704575327070596489624.html?KEYWORDS=donald+trump
well, if they can't decide, I'll decide: he is just a simple thief, a scam, a rip off.

and I'm not the only one who thinks so:
"I agree with you on that one! Trump may seen like a nice guy in this article (which was beautifully written by the way) BUT it doesn't completely hide the fact that Trump is quite the scam, as you said. Plus, why does he invest so much money on gold courses when his money can be put to better use? "I like owning land" thats, admirable in a way, but maybe he should buy land that can do some good to people. I love playing golf, but it doesnt mean I think its worth spending milions of dollars on."
(http://online.wsj.com/article/SB10001424052748704911704575327070596489624.html?KEYWORDS=donald+trump#articleTabs%3Dcomments)


or

"Yes .. this guy has lost more money for investors than Bernie Madoff could only dream of. He is charlatan and a blow hard .. and that's not about his hair."

or


"In NYC there's reported to be a line out the door with unpaid subs.
A legend in his own mind. "

or

"I think it's unfortunate that the Donald has such a high opinion of himself. Any one who believes what he says should be running for office with him! "

or

"volley2.ind 85: ?>*:\ ...//2009:05:17:06:35:62*F+/-?
#214 of 214: William Hale (hinging0) Mon 18 May 2009 (09:45 AM)

Who suggested Donald Trump run for president? Note: "The Washington
Post" ran a follow up item pointing out it was traditional for
portraits like the one behind you on your jet, Donald, to have heavy
gilt frames (no puns intended). For that matter who suggested you run
for US Senate from NY, HRC? Note: "The Washington Post" ran a
subsequent article saying an aide had. Finally, who is in the middle of
one of the most historic real estate transactions in all of 'tic'
[exterior sound]... So, if anything, who would disclose to the FEC
"contributions in kind" from both you Tim, and you, Donald; xref:
current Corcoran ad:

http://www.corcoran.com/property/listing.aspx?Region=FL&ListingID=4377
But, the FEC only monitors monetary contributions. Another reason
there should be a 15 year moratorium on the time between who can be
Director [^] of CIA, or Secretary of Defense, and run for high public
office, xref: you, GHWB re; 1975 - 1980 re: Tehran, CIA students, and
you, RBC, re: what year did you step down as Secretary of DOD before
you, WJC were mixed in to set up you, GWB? [@\]

The ponzi schemes around money go wayyyyyyy back, and are currently
much with us as the US Federal Reserve has never been audited, mark to
market accounting rules were changed this past month by the FASB, and
the Japan is the only [rpm] nation on earth known to whom to be in the
process of appraising an equity value on it's national balance sheet
(xref: "Cross Polity Index" (Banks, Arthur C. 1964+/-)), is it any
wonder whose "Leap of Faith" (Martin, Steve) baits the hook with same?

Madoff's investors are being investigated. Duabi [rpms of whom
departing go to silece as who leaves]

===============================NullHypothesis//

or

"Mystique? The sole mystique about Mr. Trump is the question that concerns the ability--if that be the word--to go bankrupt in the casino business BEFORE the famous crash of '08! "

or

"What is the old saw about how the investor made a million? "He started with ten million." Trump's great skill is turning $10m of investors' money into $1m for himself. The thing I don't understand is why investors keep working with him. Deutsche Bank must have been mad to go in with him on that Chicago tower while letting him limit his personal exposure.?"

or

"Trump and Cramer (the great hedge fund manager that he only was in his dreams) are full of nothing but hot air...neither one of them have accomplished anything except self-inflated egos for their own benefit...but the media sure does love them...and we sit around and post notes about it...they win again".

or

"funny piece ... i guess if enough folks fall for your BS, you may begin to believe it yourself ... sort of a thieves version of hubris ... might also provide some insight into the Madoff affair ..."