Kinja reply list

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Bear BrianHannah Gold
6/11/16 12:36pm
This was such a good, well-reported story. Please take the time to read the entire thing, and then ask yourself how it is even remotely possible that this douchebag has not been indicted by now.
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  PhiBetaCrappaBear Brian
  6/11/16 12:38pm
  Co-sign.
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  burnerburneredburnerestBear Brian
  6/11/16 12:39pm
  White collar crime is rarely investigated.
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ARP2Hannah Gold
6/11/16 12:45pm
Is this in any way similar to buying companies, saddling them with debt to pay yourself, and then having the companies declare bankruptcy? Because that’s really common stuff among VC’s.

The problem is, we have an outdated notion of success. Assets - liabilities, margins, net income, EBITDA, or those sorts of things don’t really matter. It’s using corporate structures and tax laws to maximize wealth for yourself, while saddling debt on other investors, suppliers, or the public.
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  Icecold DavisARP2
  6/11/16 12:54pm
  WTF are you on about, Bernie Bro?
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  HellishHarlotARP2
  6/11/16 12:55pm
  So what your saying is all this bootstrappy bootstrapping I’ve been doing is hogwash?
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dogslikecheeseHannah Gold
6/11/16 12:42pm
Atlantic City is in debt because the city was riding on the cash of casino gambling tax revenue. After NYC opened up video gambling and Pennsylvania opened up all gambling, all the slot gamblers (a majority of early AC casino business) started staying close to home. AC has a bloated budget of city employees it can now not afford—most of the budget bloat is in high level employees and the police force, which no politician can touch because of the unions. So unfortunately, the shitty 30k a year city employees will either get laid off or pay even more in benefits while the 90k police officers will continue to see 5% & 10% annual raises.
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  Icecold Davisdogslikecheese
  6/11/16 12:43pm
  AC was deep in debt long before gambling opened up on the rest of the East coast.
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  Jeb! & The Hologramsdogslikecheese
  6/11/16 12:52pm
  It’s also very risky to put all your eggs in one basket. AC gambled (rim shot) on the casino/resort waterfront being enough to prop the town up. The rest of the city is a fucking crime-ridden swampy ghetto shithole. Now, the casinos are collapsing and what’s left is East-East St. Louis.
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ThewalkingdudeHannah Gold
6/11/16 12:30pm
Guys, I’m starting to suspect that Trump may not be sincere when he says he only wants the best for all of us. Very sad.
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  DanielThewalkingdude
  6/11/16 1:16pm
  Sad!
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  Toodeloo, slow canoe!Thewalkingdude
  6/11/16 2:23pm
  “Very sad” is incorrect. The proper usage is simply “Sad!"
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Paul MooreHannah Gold
6/11/16 12:42pm
As Trump or his supporters would tell you, that's just the way the system is set up. If there are profits to be made on human misery and financial ruin, he would be a yooge loser if he didn't take advantage of the opportunity. It's the only classy thing to do.
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  PhiBetaCrappaPaul Moore
  6/11/16 12:46pm
  Atlantic City, the housing crisis, and the backs of people who built his buildings. What a despicable excuse for a human being.
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  HellishHarlotPhiBetaCrappa
  6/11/16 12:56pm
  Bragging about winning from the housing crisis is soooooo fucked I can’t believe people are totally cool about that!
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COdogmanHannah Gold
6/11/16 12:49pm
The most disturbing (but least surprising) part of the story to me was that Trump kept repeating that he had made a ton of money from all of these terrible deals and that was the only important part. Not the impact that his calculated failures had on the community or the contractors he stiffed each time he went strategically bankrupt, but that HE did well through all of it.

This man redefines narcissism.
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GuyFromIpanemaHannah Gold
6/11/16 12:45pm
This was a great article. But it won't change the minds of any of his supporters, many of whom are delusional. We live in a country where people will lavish respect and admiration on you if you're rich — no matter how you accumulated your wealth. That's why we glorify drug dealers and scumbag bankers.
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  mushin999GuyFromIpanema
  6/11/16 2:11pm
  I’m not sure about Trump supporters not changing their minds. The hardcore of the hardcore are not, mainly because they can’t listen to info contrary to their fanaticism. But as more and more of this comes out his non-fanatical supporters are becoming more squeamish. There’s a significant amount of GOP legislatures that are yanking support and crying “WTF!!!”
  
  I’ve had some interesting, civil conversations with Trump supporters. They are looking at things differently, and they’re not always wrong. Take the veterans donations. One guy I talked to said, “he did give roughly $6m to vets and yet he’s being killed for it.” Which is a fair point. No matter how cynical, and self-serving I think the act was, he did give monies that are enough to fund some of those organizations for a decade. The Trump supporter takes this lack of recognition as a sign that the media is manipulating the information because they have a bone to pick. (Lord knows they never do that). Point coincided.
  
  When we talked about advocating torture and what that means for the soldiers who actually have to do it, the trump supporter coincided that he never looked at it that way and expressed discomfort with his candidate’s position.
  
  Trump is a douche. The people who support him are people supporting a douche, some of which are douches themselves. But painting Trump supporters with a broad brush is no different than Trump painting Mexicans/Muslims/Women/ Syrians/African-Americans, etc...with general negative terms. It has the added bonus of ensuring people who are painted with that brush won’t listen to a word you say.
  
  Everybody says the rhetoric is destructive then immediately starts throwing gas on the conflagration.
  
  Sorry, I’m a preachy douche today.
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  Chuck E.GuyFromIpanema
  6/11/16 3:21pm
  His die hard supporters do not constitute anything close to an electoral majority, and not even a majority of Republicans. He “dominated” by pulling 30-40% pluralities. The numbers he gets unoposed in the last GOP primaries ranged from 70-80%. He gets 40% of independents who always vote GOP, and that’s it. He doesn’t even have the numbers Mitt Romney or John McCain had, and they lost.
  
  Yes, his support is rock solid. No, it isn’t anywhere near enough to win.
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EllaCindersHannah Gold
6/11/16 12:34pm
I’m surprised that Atlantic City didn’t file for municipal bankruptcy already. There must be a way for someone to make money off that.
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  AnnieW50EllaCinders
  6/11/16 1:18pm
  Yeah, there is a tried and true way. Buy up the debt (bonds) for pennies on the dollar. The when it’s all being hashed out make sure you get 100%, not the discounted price you paid. For a good example see Greek and GM bonds. The closer to Atlantic City folding see increased traffic in their junk bonds.
  
  Maybe we are lucky and it’s not always that way. There seems to be some sign that the people that did this in Puerto Rico might get a haircut instead of a payday.
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EatTheCheeseNicholsonHannah Gold
6/11/16 12:33pm
So, Trump definitely writes his name in Sharpie on his dick each morning, right?
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  b-rarEatTheCheeseNicholson
  6/11/16 12:35pm
  In size 0.5 font so it’ll all fit
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  Declan HackettEatTheCheeseNicholson
  6/11/16 12:38pm
  Given his stubby little fingers, I think he does it one letter per day!
  
  Actually, if he included the spaces in “Donald J Trump”, its a handy fortnightly repeat…
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I'm Fart and I'm SmunnyHannah Gold
6/11/16 12:41pm
So basically his business model is the plot of The Producers?
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  Armageddon T. ThunderbirdI'm Fart and I'm Smunny
  6/11/16 1:48pm
  
  GIF
  
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