Business Insider reporting Trump Tower N.Y. and Chicago Tower in financial trouble

Discussion in 'Political Opinions & Beliefs' started by 61falcon, Sep 18, 2021.

  1. 61falcon

    61falcon Well-Known Member

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    Business Insider is reporting that Wells Fargo Bank which holds a $100 Million loan note on Trump Tower N.Y.has placed a debt watch on the property due to declined occupancy rates;
    They 're also reporting a decrease in value of the Chicago Business tower which has seen a 95% decrease in it's retail sales rental space causing a huge decrease in the properties value.
     
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  2. Creasy Tvedt

    Creasy Tvedt Well-Known Member

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    Let's pretend this just effects Trump, and not every landlord that has been crushed by the Democrat's lockdown and eviction moratorium tyranny.

    Won't that be fun?
     
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  3. 61falcon

    61falcon Well-Known Member

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    MUCH OF IT occurred while TRUMP WaS PRESIDENT !!!!
     
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  4. Creasy Tvedt

    Creasy Tvedt Well-Known Member

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    And it's being turned up to 11 now that the senile potato is president in name only.
     
  5. Golem

    Golem Well-Known Member Donor

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    I guess the "Big Lie" isn't producing for him anymore.
     
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  6. Creasy Tvedt

    Creasy Tvedt Well-Known Member

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    Neither is real estate since the Democrats crushed the industry with lockdowns and eviction moratorium tyranny.

    But let's pretend like all that is only pwning the Drumpf.
     
    Last edited: Sep 18, 2021
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  7. ChiCowboy

    ChiCowboy Well-Known Member

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    This may sound crazy, but I think Trump's twisted mind operates in perpetual "rip-off" mode. I think he somehow convinces himself that debt is free money.
     
  8. Creasy Tvedt

    Creasy Tvedt Well-Known Member

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    You do realize that the Democrats are currently trying to squeeze out trillions of dollars of "free money" debt as we speak, do you not?

    Pelosi suggests tying infrastructure plan and $3.5 trln budget
    https://www.reuters.com › world › pelosi-suggests-tying-i...

    Aug 15, 2021 — U.S. House Speaker Nancy Pelosi told lawmakers Sunday that she had ... $1 trillion infrastructure plan and a $3.5 trillion spending package ...
     
    Last edited: Sep 18, 2021
  9. Darth Gravus

    Darth Gravus Banned

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  10. 61falcon

    61falcon Well-Known Member

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    They are trying to compete with Dirty Donalds ADDITION of $8 Trillion to the NATIONAL DEBT during his single term presidency, while doing ZERO to upgrade and modernize our infrastructure. His single contribution, tax breaks for the already filthy rich.
     
  11. 61falcon

    61falcon Well-Known Member

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    Maybe Dirty Don will be adding to his already impressive bankruptcy filings count.
     
  12. ChiCowboy

    ChiCowboy Well-Known Member

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  13. Creasy Tvedt

    Creasy Tvedt Well-Known Member

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    He'll have lots of company in the bankruptcy courts thanks to the Democrat's lockdown and eviction moratorium tyranny, that's for sure.
     
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  14. Darth Gravus

    Darth Gravus Banned

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    I thought it was Trump's CDC that started that
     
  15. 61falcon

    61falcon Well-Known Member

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    DUH?? Didn't we have lockdowns under Trump and eviction moratoriums???? Biden just extended them and now as of Sept. 6 they 're all terminated at the Federal level.
     
  16. Pred

    Pred Well-Known Member

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    Lockdowns were never needed this year. In FL they ended last year and our unemployment and economy recovered quickly. NY and CA are still suffering. NYC may never recover. The number of businesses closed is staggering and frightening to see, block after block of “For Lease” Signs.
     
  17. Darth Gravus

    Darth Gravus Banned

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    I think many cities will never be the same.

    In my opinion, the longest lasting legacy of COVID will be the shift in work arrangements. In the St Louis area ATT is letting 50% of their workforce stay 100% remote. My brother is an architect out of Atlanta. This summer his firm told them they had to be back in the office starting Aug 1. 6 of the architects, including my brother, said that they would quit vice coming back to the office so his firm let them keep working from home. They get far more work out of my brother from home, he will work till 7 or 8 on a normal basis at home, but would not stay in the office that late.

    The USDA is making some positions 100% remote, and I am sure some other agencies are as well. I know a guy that is 100% remote in a job that is technically out of DC. He lives in Ill and the agency he works does not have to pay him DC locality pay, saving them 13 grand or so a year on just him.

    Cities relied on those that worked in the office buildings, those will probably never be full again
     
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  18. MJ Davies

    MJ Davies Well-Known Member

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    I worked from home when I was working for Corporate America. It is VERY easy to overwork when you just have to go to your home office. I regret it. My body and mind are exhausted. I pushed myself way too hard for far too long.

    Please tell your brother, turn off the lights at whatever time he would normally leave work and pretend like he has to commute to the office. I wouldn't wish my pain on anybody.
     
  19. MJ Davies

    MJ Davies Well-Known Member

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    Well, he did get forced to pay back the MILLIONS he stole from donors' bank accounts.

    However, because he's a jack@ss, he is refusing to pay Giuliani and Powell said she is financing herself to represent the Big Lie (which she said she was lying and "no reasonable person would believe my election fraud lies" - very telling that doesn't hit a nerve for the believers of the Big Lie).
     
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  20. Darth Gravus

    Darth Gravus Banned

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    He gets out of the house and does stuff in his garden or on his land as a "break" from work. But you do offer good advice
     
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  21. 61falcon

    61falcon Well-Known Member

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    Unless we begin to see an uptick in the birth rate in our country we re going to be faced with a multitude of problems in our nation as we close schools and colleges throwing educators out of work. We will see an expansion of nursing homes and their low paying jobs to cater to an increasing senior citizen population.
     
  22. Hey Now

    Hey Now Newly Registered

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    Well, "what difference does it make" :), he still would be grifting the heck out of his flock. Now, it just makes the grift more "necessary".
     
    Last edited: Sep 19, 2021
  23. 61falcon

    61falcon Well-Known Member

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    And the foolish brethren keep giving to the king of con men.
     
  24. kriman

    kriman Well-Known Member Past Donor

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    Think about these absurdities. In one case, they say Trump owes taxes. In another case, they say Trump is losing money.

    It is my understanding of the tax code that if you do not make any money, you don't pay any taxes.
     
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  25. 61falcon

    61falcon Well-Known Member

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    His Pac's are giving him millions as his sheep love to be sheared.
     

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