“I’m the king of debt. I’m great with debt. Nobody knows debt better than me,” Trump told Norah O’Donnell in an interview that aired on “CBS This Morning.” “I’ve made a fortune by using debt, and if things don’t work out I renegotiate the debt. I mean, that’s a smart thing, not a stupid thing.” “How do you renegotiate the debt?” O’Donnell followed up. “You go back and you say, hey guess what, the economy crashed,” Trump replied. “I’m going to give you back half.” Trump 2016: "This election is rigged against me." *accepted 2016 election results* Trump 2020: "This election was rigged against me." *refused 2020 election results* czcams.com/video/dnviB3mWGos/video.html Donald Trump says Billions And Billions And Billions... czcams.com/video/u_aLESDql1U/video.htmlsi=Y9SfiXFxeAAT76yl 21 Things That Are "So Easy" for Trump (According To Trump) czcams.com/video/YA631bMT9g8/video.htmlsi=O45DWY892vx7HOBe Trump Says "China" czcams.com/video/RDrfE9I8_hs/video.htmlsi=ddCoDFxX0wjRxhMI "Fake news! He never said..." "When you're a star, they let you do it." - Donald 'Miss Universe' Trump "And you consider yourself to be a star?" - E. Jean Carroll lawyer, in deposition "I think you can say that, yeah." - Defendant Donald 'John' Trump "It's a witch hunt." "We're winning in appeals." "Winning by a lot." - Ajudicated serial defamer & sexual assaulter, and defrauder of banks & IRS, Donald John Trump ordered to pay $5 M + $83.3 M, and $355 M, plus interest. ... Or, "Fight like hell or you're not gonna have a country, anymore-!" ... A few moments later: Record low unemployment, in 2024. "But Fortune Magazine loves Trump!" See: Fortune.com article, March 10, 2016 How Donald Trump Made Millions Off His Biggest Business Failure As a businessman, Donald Trump gained fame as a gambling czar rivaling his renown as a developer. But a close examination of his record in gaming reveals that while Trump profited richly, his stock and bondholders could hardly have fared worse. It’s undeniable that Trump’s special arrangements with his casino company displayed his trademark creativity. Among the most imaginative deals was a package that gave him a bonus despite the fact that his casino empire was losing tens of millions of dollars a year... From mid-1995 to early 2009, Trump served as chairman of Trump Hotels and Casino Resorts (renamed Trump Entertainment Resorts in 2004), and held the CEO title for five years (mid-2000 to mid-2005). During Trump’s 13 years as chairman, the casino empire lost a total of $1.1 billion, twice declared bankruptcy, and wrote down or restructured $1.8 billion in debt. Over the same period, the company paid Trump--essentially Trump paying himself--roughly $82 million by Fortune’s estimates, collected from a dizzying variety of sources spelled out in the company’s proxy filings, as varied as payments for use of Trump’s private plane to fees paid directly Trump for access to his name and marketing expertise. ... In June of 1995, Trump took Trump Hotels public, and it soon grew to encompass three Atlantic City casinos, the Trump Plaza, Trump’s Castle, and the Trump Taj Mahal, as well as a riverboat emporium in Gary, Indiana. By 1996, the company boasted a market cap exceeding $1 billion, making Trump’s 41% stake worth around $400 million. That was perhaps the only time a major pillar of the GOP front runner’s net worth was verifiable and transparent. (Read More: Why Former Trump University Students Are Suing For Fraud) But from its beginning as a public company, Trump Hotels struggled under a heavy debt load, which started at $494 million, and rose to $1.8 billion as Trump piled on more and more debt consolidating his empire under the public company. In the end, it was the excessive borrowings that proved the company’s undoing. Nonetheless, it never seemed to diminish Trump’s annual paycheck. That’s because Trump’s bonus arrangement with the company sidestepped the ravages of debt. Under his unusual pay deal, Trump Hotels granted its chairman annual incentive pay based on EBITDA, an acronym for earnings before interest, taxes, depreciation and amortization. The key omission is interest. The deal, eventually called the Castle Services Agreement, stipulated that if Trump¹s Castle, later renamed the Trump Marina, generated EBITDA of $50 million or more, Trump would receive a payment guaranteed payment of $1.5 million. In addition, he’d get an extra bonus, called a “profit override,” of 10% of every dollar exceeding $45 million. The rub was that though the Trump Marina posted decent operating earnings before interest expense, its part of the company’s huge debt load resulted in big losses after paying its creditors. From 1999 to 2001, the Trump Marina lost $76 million as interest payments swamped its operating profits. That picture applied to the entire company. Over the same three year period, the company¹s interest bill totaled a staggering $646 million, almost twice its earnings from operations. Those interest costs were the principal component of its combined net losses of $278 million over those three years. But because of the EBITDA formula, Trump still qualified for an annual bonus. Over that period, Trump pocketed $7.5 million from the Castle Services agreement, and around $15 million over the seven or so years the arrangement existed. ... Trump Hotels and its successor, Trump Entertainment, filed for bankruptcy in late 2004, then again in early 2009, when Trump finally departed as chairman. The company’s travails weren’t over. It surrendered to chapter 11 a third time in 2014. It’s now a subsidiary of Icahn Enterprises, run by The Donald’s now friend, legendary financier Carl Icahn. No amount of spin will make Trump’s dozen years at the helm of Trump Hotels, the only public company Trump has ever run, look like anything but a flop that damaged thousands of shareholders, bondholders, and workers. The sole “winner” now packs arenas across America, mesmerizing tens of thousands of cheering fans with tales of his business triumphs.
Can't stop LOL
LOL - thank you Jim!
Lay in bed and collect money.. Rest all day and just live..but when ur a president wife u can't do that..no words
Unless you get the rona... hmmm...
Feminist icon honestly lol
We're supposed to be impressed because she can walk and point to things? 🤔🤔🤔
To be fair, that's pretty advanced level stuff for Trump & their supporters
Good one!
Relatable
Omg lmao
War on Christmas!
Creepy like her husband.
is Melania Trump Christian? she don't sound like it, she belongs to spoil and rich club
She's from Slovenia right, they are predominately Christian/Catholic
But maybe her husband has converted her to the Trump God, because with his extreme egomania he believes he is above all else.
@@TheThailightZone maybe she believes in ankh, but it's insult to him
@@TheThailightZone So, Russia is Christian Orthodox and look what they ar exon f to Ukraine.
I’m sure she sure loved her Christmas presents though
not true! That’s why you have only eleven subscribers.
This is true deal with reality.
“I’m the king of debt. I’m great with debt. Nobody knows debt better than me,” Trump told Norah O’Donnell in an interview that aired on “CBS This Morning.” “I’ve made a fortune by using debt, and if things don’t work out I renegotiate the debt. I mean, that’s a smart thing, not a stupid thing.”
“How do you renegotiate the debt?” O’Donnell followed up.
“You go back and you say, hey guess what, the economy crashed,” Trump replied. “I’m going to give you back half.”
Trump 2016: "This election is rigged against me." *accepted 2016 election results*
Trump 2020: "This election was rigged against me." *refused 2020 election results*
czcams.com/video/dnviB3mWGos/video.html
Donald Trump says Billions And Billions And Billions...
czcams.com/video/u_aLESDql1U/video.htmlsi=Y9SfiXFxeAAT76yl
21 Things That Are "So Easy" for Trump (According To Trump)
czcams.com/video/YA631bMT9g8/video.htmlsi=O45DWY892vx7HOBe
Trump Says "China"
czcams.com/video/RDrfE9I8_hs/video.htmlsi=ddCoDFxX0wjRxhMI
"Fake news! He never said..."
"When you're a star, they let you do it."
- Donald 'Miss Universe' Trump
"And you consider yourself to be a star?"
- E. Jean Carroll lawyer, in deposition
"I think you can say that, yeah."
- Defendant Donald 'John' Trump
"It's a witch hunt." "We're winning in appeals." "Winning by a lot."
- Ajudicated serial defamer & sexual assaulter, and defrauder of banks & IRS, Donald John Trump ordered to pay $5 M + $83.3 M, and $355 M, plus interest.
... Or, "Fight like hell or you're not gonna have a country, anymore-!"
... A few moments later: Record low unemployment, in 2024.
"But Fortune Magazine loves Trump!"
See: Fortune.com article, March 10, 2016
How Donald Trump Made Millions Off His Biggest Business Failure
As a businessman, Donald Trump gained fame as a gambling czar rivaling his renown as a developer. But a close examination of his record in gaming reveals that while Trump profited richly, his stock and bondholders could hardly have fared worse. It’s undeniable that Trump’s special arrangements with his casino company displayed his trademark creativity. Among the most imaginative deals was a package that gave him a bonus despite the fact that his casino empire was losing tens of millions of dollars a year...
From mid-1995 to early 2009, Trump served as chairman of Trump Hotels and Casino Resorts (renamed Trump Entertainment Resorts in 2004), and held the CEO title for five years (mid-2000 to mid-2005). During Trump’s 13 years as chairman, the casino empire lost a total of $1.1 billion, twice declared bankruptcy, and wrote down or restructured $1.8 billion in debt. Over the same period, the company paid Trump--essentially Trump paying himself--roughly $82 million by Fortune’s estimates, collected from a dizzying variety of sources spelled out in the company’s proxy filings, as varied as payments for use of Trump’s private plane to fees paid directly Trump for access to his name and marketing expertise.
...
In June of 1995, Trump took Trump Hotels public, and it soon grew to encompass three Atlantic City casinos, the Trump Plaza, Trump’s Castle, and the Trump Taj Mahal, as well as a riverboat emporium in Gary, Indiana. By 1996, the company boasted a market cap exceeding $1 billion, making Trump’s 41% stake worth around $400 million. That was perhaps the only time a major pillar of the GOP front runner’s net worth was verifiable and transparent.
(Read More: Why Former Trump University Students Are Suing For Fraud)
But from its beginning as a public company, Trump Hotels struggled under a heavy debt load, which started at $494 million, and rose to $1.8 billion as Trump piled on more and more debt consolidating his empire under the public company. In the end, it was the excessive borrowings that proved the company’s undoing. Nonetheless, it never seemed to diminish Trump’s annual paycheck.
That’s because Trump’s bonus arrangement with the company sidestepped the ravages of debt. Under his unusual pay deal, Trump Hotels granted its chairman annual incentive pay based on EBITDA, an acronym for earnings before interest, taxes, depreciation and amortization. The key omission is interest. The deal, eventually called the Castle Services Agreement, stipulated that if Trump¹s Castle, later renamed the Trump Marina, generated EBITDA of $50 million or more, Trump would receive a payment guaranteed payment of $1.5 million. In addition, he’d get an extra bonus, called a “profit override,” of 10% of every dollar exceeding $45 million.
The rub was that though the Trump Marina posted decent operating earnings before interest expense, its part of the company’s huge debt load resulted in big losses after paying its creditors. From 1999 to 2001, the Trump Marina lost $76 million as interest payments swamped its operating profits. That picture applied to the entire company. Over the same three year period, the company¹s interest bill totaled a staggering $646 million, almost twice its earnings from operations. Those interest costs were the principal component of its combined net losses of $278 million over those three years. But because of the EBITDA formula, Trump still qualified for an annual bonus. Over that period, Trump pocketed $7.5 million from the Castle Services agreement, and around $15 million over the seven or so years the arrangement existed.
...
Trump Hotels and its successor, Trump Entertainment, filed for bankruptcy in late 2004, then again in early 2009, when Trump finally departed as chairman. The company’s travails weren’t over. It surrendered to chapter 11 a third time in 2014. It’s now a subsidiary of Icahn Enterprises, run by The Donald’s now friend, legendary financier Carl Icahn.
No amount of spin will make Trump’s dozen years at the helm of Trump Hotels, the only public company Trump has ever run, look like anything but a flop that damaged thousands of shareholders, bondholders, and workers. The sole “winner” now packs arenas across America, mesmerizing tens of thousands of cheering fans with tales of his business triumphs.