Donald Trump Should Probably File for Bankruptcy, but Likely Won’t Because He’s Worried It Would Make Him Look Like a Loser: Report
https://www.vanityfair.com/news/donald-trump-bankruptcy-financesOpen linkView original on lemm.ee563
Comments77https://www.vanityfair.com/news/donald-trump-bankruptcy-financesOpen linkView original on lemm.ee
He already looks like a loser.
Great news Donald! You don't have to worry anymore!
Has done for decades, but that doesn't seem to register with his cult.
That ship has sailed.
What a loser
This would be bankruptcy number seven-ish?
Trump has never declared personal bankruptcy. This would be a huge blow to him, as everything from his business empire to his personal wealth, would be gone.
I wish, but I'm sure he parked ample sums with his children and in-laws. He'll never be poor, if only because he'd rather be dead.
A smart person would’ve done that. Trump is neither smart nor generous.
Didn't his son in law get billions from Saudi despots in return for access to classified documents?
That’s probably why he got those billions. Which raises an interesting question: why isn’t Jared helping him out?
Because Jared is smart enough to let Trump burn.
Most of Trump's children are finally wising up and realizing that he's absolutely not going to dodge all of the shit here, and keeping close or supporting him could mean getting caught in that net.
He can use the footage of the sheriffs locking up his properties during the seizures to fund raise. It doesn't hit the same if he declares bankruptcy for the 7th time in his life.
He should leave some pond cake out. Maybe he can make a hit music video with the camera footage.
(I got that reference)
(I didn’t)
AfroMan got his house raided on some BS kidnaping warrant and the police are his pound cake. He made bank using the CCT footage in a few music videos
https://youtu.be/9xxK5yyecRo
Thx!
He's going to squeeze those rubes dry eventually.
His campaign fundraising is already falling behind Biden's.
The problem is I think they have been bled dry. They had some savings and assets, but the last few years they have been cashing them in to go to rally's and donate to Trump, expecting to get it back 10x return.
It's gonna be ugly when reality hits them, and that's why this is going to be so dangerous and most likely turn violent. Hopefully the violence can be contained , but many of his supporters simply won't accept reality that he is unpopular outside of their make believe world.
I'm hoping that seeing so many of the Jan6 useful idiots in jail might help mitigate that.
Wait would it work that way? These are open businesses, no? I would have assumed they would allow continuity of operations as the assets are sold.
Trump is giving way too much credit to his supporters, who openly don't care about his previous 6 bankruptcies, and have even ridiculously tried to spin said bankruptcies to their GodEmperorDaddy's credit.
I thought filing for bankruptcy was smart? Isn't that what he said before about his previous bankruptcies?
Different kinds of bankruptcy, but essentially he said they were smart, business decisions: https://www.politifact.com/factchecks/2015/sep/21/carly-fiorina/trumps-four-bankruptcies/
That quote sounds like a toddler talking about their bowel movements.
Is Trump just three kids in a trenchcoat?
News flash: He's a loser
What? No way. Trump supports would just say Trump is smart for going bankrupt.
Don't all winners declare bankruptcy at the height of their winning?
It is to game the corrupt system man
drags cigarette
Did losing the presidency after I've term not make him look like a lost already?
His followers don’t think he lost, remember. Most of them still think he’s president.
Sadly, and strangely, this is true. Although, ironically, they’re still voting for him.
They are not voting for a third term president. They’re voting for a forever term dictator.
Yes, but my point is they’re voting for him even though they claim he’s still the president in office. Why are they voting if he never left the office? It’s just weird.
Because they are insane
I'll be voting for Biden even though he is in office. Is that weird, too?
Argh, I badly worded it. Yeah that’s a fair point. It’s semantics.
If not for the ridiculous system and the insistence of the DNC leadership on making sure he's the only alternative to fascism, yes.
Voting for Biden WOULD be very weird if you were not doing it under duress.
But he's still a loser so we have that
There's this thing I've noticed on Facebook, I don't fully understand but they post things Maga really want to be true like 'try that in a small town singer smashes tailor swift attendance record' with an obviously unrelated or fake picture. The comments are almost everyone acting like it's true, there was one about some woke companies share value falling fifty percent with everyone celebrating then once comment linking to a share price tracker pointing out its not even close to true.
I don't know who makes them or why but the comnent section believes them.
This is why I deleted all of my social media accounts years ago. All I have now is a mastodon account.
I don’t really consider this social media in the same way. Lemmy is a social news aggregator, so it’s adjacent to social media, but people here aren’t friends, we’re all anonymous. It’s not really the same thing. Perhaps one might call it “pseudosocial media”.
I think that ship has sailed
This dude will unlock all xbox/steam/Playstation achievements in one go.
Most bankrupted businessman Most charged ex president in history Most impeached president in history Told most lies in one presidential term (in history)
And the list goes on and on and on.
Most anti-american president in history.
I don't understand how he has supporters when he constantly goes on about how great Russia is. Aren't you guys supposed to be mortal enemies or something.
Nah, Russia is white and Christian.
Look like?
I’ll pay attention when I see assets getting seized.
Breaking News: Trump officially a loser!
It would be such a beautiful sight if he'd finally trip over his own ego.
Wouldn’t it?
Is there a limit on how many times one can declare bankruptcy?
Surely he has hit it by now.
All t hat winning must get exhausting.
I don't know why he would be worried about bankruptcy making him look bad. It's never bothered him before........
Only his businesses have declared bankruptcy before. He’s never declared personal bankruptcy. If you declares his personal bankruptcy, his whole empire could come crumbling down.
I disagree that he thinks bankruptcy doesn't play well for him. He'll probably play the victim card for the ruling and try to spin bankruptcy as some kind of genius financial 'turning-of-the-tables'. He knows he can spin it any way he wants to his base but is too narcissistic to acknowledge anyone else could see through it.
I mean, that is the only play he could make, of course, but his image of a big, strong, brilliant business billionaire will be very difficult to maintain while he is sitting in the poorhouse. He will be stripped of his entire identity of anything other than a big fat, drooling, dumb ass crybaby. I don’t know that his supporters will be very interested in voting for that anymore.
That might work if they had a chance to see him through any other lens than their self-imposed media bubble.
Trump's public persona in those spaces never bore any resemblance to reality and they'll keep curating his messianic image until well after he's in the ground.
It’s a lens, not a magic portal to another dimension. There’s only so much it can distort before it will break.
It's actually closer to a magic portal to another dimension than you think. Have you ever watched OAN or Newsmax?
I saw them suddenly shut up about voting machines.
He can spin however he likes to his base, don't care. Once the money is yanked, his true power is yanked. That's why he's panicking.
Little people can worship him as the Messiah, but the big dogs will fall away fast. Once he loses the big money support, he's done.
I can't imagine that bankruptcy would dissolve his public judgements anyway.
Are we seeing a repeat of 2016?
Winning was secondary to setting up a nice grift...
Taking over the RNC to siphon money off for legal bill instead of using those resources for down ballot races.
One would think that Donnie could get someone to post his bond with a lean against his truth social windfall.
Letting NY seize a few properties is good theater.
Declaring personal bankruptcy could have unintended consequences
Yes ... THAT'S what would make him look like a loser...
Wouldn't he also have most of his assets seized if he declared bankruptcy?
I don't understand how somebody could be bankrupt, yet still be allowed to own all those gaudy buildings?
Don’t worry. After Monday, he probably won’t own them anymore.
I'm sure he will live in a nice flat paid for by putin. The Russians might even get him some golden sneakers he can keep campaigning in.
Hasn't that shark kind of jumped already?
https://files.catbox.moe/0syrel.gif
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I declare BANKRUPTCY!!!!