i heard, last week or so, that donald trump's casino and some hotels have filed for chapter 11 bankruptcy protection. some 1.8 billion in debt.
last night i heard this same man giving business advice on the radio.
now wait, what is the message here?
if you have millions, it is alright not to repay your debts. not to be "good" on your notes--save the ones that are "good" for you. what the heck is wrong with this society?
i watch the apprentice and see how trump is revered and how his influence is like some great glory shining out from behind his combover. (and what's with the combover anyway? you have to have a lot of money to look really bad and still be cool, but that is me being petty now!).
if our financial situation worsens and we file for bankruptcy, you better believe they are hauling away my car, liquidating any assets, and plaguing me for at least seven years on my credit report. no one will be asking me for financial advice.
but they still do ask trump. i don't get it. i simply don't get it.
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2 comments:
Hey Suz, it's Jules. Blogger wouldn't let me sign in. Or maybe I used the wrong name. I don't know.
Anyway, good news. Bankruptcy is on your report for 10 years, not seven!
And Trump can keep his millions because it's the business -- probably a corporation -- not him personally, that's losing money.
Business laws are great!
I know the point you're making, though. Welcome to the American Dream.
We're immigrating.
of course, jules, thank you for clarifying the business aspect of that for me. but it still comes down to, if i were the owner of a business that flopped, i'd have to pay! unless of course i had a lot of money to get out of paying.
sigh.
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