DawgTalkers.net Forums DawgTalk Palus Politicus Repeal and Replace III

Quick, tell Pit I do know something!

Thats one form of good debt ... there's a bunch more ...

Come on Daytna ... I'm counting on U to understand business ..... teach um something .... me thinks hes talking more about a different kind of "good" debt ....

There's more good debt?

Maybe like Student Loans?

Everybody hate them but they can be good debt.

Since rates are fairly low, and interest can be tax-deductible, depending on your income. Benefits include enhanced career opportunities and increased earning potential.

Doing ok?

It's when deals are made. You get to renegotiate the debt. I think it was JP Morgan that said the only way to pay off old debt is with new debt. So say you have a maxed credit card at 10k and the interest went up and there is no way you can pay it back. Renegotiate the debt and borrow to pay it off.

That may not be a great example so let me explain in real estate deals. A house goes into foreclosure. Balance owed is 100k. House is still worth 100k or maybe more with a little remodeling. I go to the bank and offer 60k for the home. The bank accepts because it costs to foreclose etc. I borrow 60k to buy the house, stick a little money into it and resell for 100+. 40k profit for me...yay!

Thats called a short sale. Debt can always be renegotiated and a profit made from it.

Debt that goes to debt collectors is sold at a discount to the collector. Their profit is made when it's collected.

It's the main reason Trump said let Obamacare collapse on its own. We'll have the leverage at that point.

Woooohooo .... I'm so excited .... someone actually understands business ...

My simple definition would be "using other peoples money to make money for you" ... theres a bunch of ways to do that .... your example in real estate is an EXCELLENT example of one way ...

If you set it up right it also limits your risk ... hell if u do it right u can eliminate your risk all together and be rolling the dice with 100% other peoples money ...

I love how Pit and his liberal buddies run around making it sound like Trump favors the kind of debt oBUMa ran against and then doubled ... that's BAD DEBT .... VERY VERY BAD DEBT as a matter of fact ... I'm pretty sure Trump knows the difference .... what do you think??? ... *LOL* ...

You said you read all of trumps books and have followed him in business for many years before he entered the presidential race ... so you know all about him ... the ups and downs .... well what he was doing in business was incredible ... he sold his name and then controlled everything ... and hes getting paid either way ... he's the bookie and the one placing the bets ... *LOL* ...

Thats incredible .... just selling your name and then getting to control everything .... GENIUS ...

I wouldn't say I know everything about him, I don't sleep with the guy LOL! I read The Art of the Deal back in 89 when I was in the Army. Reread it again about 6 months ago.

'Think Like a Billionaire' was the only one I really didn't care for because it was more of a product pushing book.

He has so many incredible deals. He actually purchased the land under the Empire State building and collects rent on it.

He's had a few blunders; New Jersey Generals, although he claims to have had the solution to save the league but other owners didn't want to invest any longer....who knows.

The Trump Shuttle he bought from Pan Am IIRC failed big time.

Overall, the deals he structured at the time were innovative and that creative thinking was what hooked me to him. I will say tho he's a narcissist and a bully at times (I'm not a psychologist. He actually thought he was the best baseball player in the state of New York when he was in high school. He said the only reason he didn't go pro was because the contracts were not large enough. LMAO

I tend to look past all that crap and judge him on business alone. Even today he cracks me up saying how GREAT everything he does will be. Health care will be the GREATEST...we'll see

Great definition...well said

Is that code?

lmao

But, when a republican gives a bail out you say it's a bad thing?



Names of the experts you've spoken to?

Why? You don't know them. Are you just being obtuse?

This Is Donald Trump’s Go-To Lender

It may be the perfect match of lender and borrower.

The bank that Donald J. Trump turns to more often than not when it comes to financing his real estate dreams is also the bank with some of the biggest reputational problems in the world.


Deutsche Bank AG (db, +0.85%), Germany's largest bank, has led or participated in loans of at least $2.5 billion to companies affiliated with the Republican front-runner and extended loan commitments of at least another $1 billion, according to The Wall Street Journal. And that is despite the bank's most important decision refusing to do business with him since they fell out in 2008.

One of the most conspicuous features of Trump's campaign to date is the way that the securities and investment industry, traditionally a big backer of Republican candidates, has steered away from Trump. The WSJ cites calculations by the Center for Responsive Politics that Trump has received less than $18,000 from Wall Street to date. By contrast, Hillary Clinton's campaign has received roughly $19 million, it said.

The corporate lending arm of Deutsche itself has been shunning him for years since the two sued each other over $334 million loan related to build the 92-story Trump International Hotel and Tower in Chicago (a deal that netted Deutsche $12.5 million in fees, according to the WSJ).

Deutsche had cited Trump's own capriciousness in its lawsuit, quoting his own words, as penned in his 2007 book, “Think Big And Kick Ass In Business And Life.”

“I figured it was the bank’s problem, not mine,” Trump wrote, according to the lawsuit. “What the hell did I care? I actually told one bank, ‘I told you you shouldn’t have loaned me that money. I told you that [censored] deal was no good.’”

The case was settled out of court in 2009. After that, Deutsche's private bank, which caters to the ultra-rich, took up the baton of dealing with Trump, extending the loan by five years, according to the WSJ.

Deutsche has courted controversy for years in the U.S., coming under constant pressure from regulators to raise its capital levels and improve its internal risk management processes. The bank has racked up lawsuits related to everything from manipulating benchmark interest rates to mis-selling U.S. mortgages and violating U.S. sanction on Iran and other countries.

Anshu Jain and Jürgen Fitschen, its co-CEOs, resigned last year as cumulative scandals and regulatory issues came home to roost, leading the bank to a record loss of 7 billion euros ($7.8 billion) and forcing it into a major restructuring. John Cryan, the new CEO, sent the bank's shares to their lowest in over 20 years last week when he warned that the bank may lose money again this year.

http://fortune.com/2016/03/21/donald-trump-bank-loans/

Is this that "good debt" you were talking about?

2 days ago...

Deutsche Bank‏Verified account
@DeutscheBank

#DeutscheBank was awarded „Best Investment Bank in Germany“ @Euromoney

Why isn't Trump doing business with American banks? Make Germany Great Again?

Chase Manhattan did countless deals with Trump

http://www.investopedia.com/updates/donald-trump-rich/

Not sure what kind of debt it was ... good or bad .... back in 07 and 08 ... could have been either ...

What was your take away from the article Pit? What did you learn? What did your business mind glean from that article? ... can't wait to hear what u learned and your thoughts on what the article said ....

This oughta be fun ....

...better yet, what did your financial expert friends think about this?

Thanks man ... thats the funniest thing I've read on here in awhile ...

Mitch McConnel wants to work with dems... lol

So do I.
So does America.
But Dems don't work, they whine.

GOP governors urge caution on health care changes

https://www.yahoo.com/news/gop-governors-urge-caution-health-care-changes-081124429--politics.html

CARSON CITY, Nev. (AP) — The pressure is on Republican senators — from congressional leaders, conservative groups and impatient GOP voters — to fulfill a seven-year-old promise to scrap much of Democrat Barack Obama's health care law. But back home, Republican governors who have experienced some of the upside of the law are warning their GOP senators to first, do no harm.

For these governors, the issue is less about delivering a triumph to President Donald Trump and more about not blowing a hole in state budgets and maintaining health care coverage for constituents. In the critical next few weeks, some governors are uniquely positioned to press home-state Republican senators who could deny Majority Leader Mitch McConnell the votes he needs to pass a Republican health care bill.

"We are the voice of reality," Nevada GOP Gov. Brian Sandoval told The Associated Press.

Sandoval said he has been in regular contact with Nevada Republican Sen. Dean Heller to discuss the ramifications of the evolving GOP plan. Heller, who faces a tough re-election next year, has joined Sandoval in opposing the current measure.

For wary Republicans, the main concerns about the GOP plan are rolling back premium subsidies that help people buy private insurance policies and phasing out the expansion of Medicaid, the federal-state insurance program for the poor, disabled and many nursing home patients. In Nevada, more than 220,000 residents have gained coverage through Medicaid expansion, 13,000 of them children.

"They set policy, but we're the ones who have to develop the budgets, develop the care, develop the plans, work directly with the people," Sandoval said. He said if money is reduced, governors will be left to decide among unpopular choices: "Raise a tax or limit coverage or change eligibility requirements" for coverage.

Heller is listening.

"I cannot support a piece of legislation that takes insurance away from tens of millions of Americans and tens of thousands of Nevadans," he said recently.

Ohio's John Kasich has been one of the most outspoken GOP governors in criticizing GOP proposals. That has increased pressure on Ohio GOP Sen. Rob Portman, who announced his opposition to the bill after McConnell abruptly postponed a vote.

"My concern all along has been, could low-income Ohioans get access to the health care they need and more specifically, the treatment for the opioid epidemic?" he told reporters this past week.

Portman said he has discussed with Kasich various financing options that would ease any changes to Medicaid while not gutting drug treatment programs. One McConnell proposal would be to provide an additional $45 billion over a decade for states' drug abuse programs.

In Arizona, GOP Gov. Doug Ducey has called Obama's law "a disaster" and stopped short of outright opposition to McConnell's version. But he has urged Republican Sens. Jeff Flake and John McCain to shield states from extensive Medicaid cuts. The program covers 1.9 million Arizonans, nearly 28 percent of all residents. The expansion alone covers 400,000.

Both senators have yet to indicate how they'd vote on a GOP bill.

Alaska Gov. Bill Walker, an independent who identifies as a conservative, has had regular contacts with the state's two Republican senators — Lisa Murkowski and Dan Sullivan — over what the Republican health care overhaul will mean for his state. Alaska has some of the highest health care costs and greatest medical needs in the country.

Traditional Medicaid covers about a quarter of Alaska's 740,000 residents, while the expansion benefits 34,000 more.

Murkowski has said she doesn't have enough information to vote for the GOP plan. She has opposed the elimination of federal money for Planned Parenthood, a provision of the bill.

McConnell has little wiggle room. With 52 Republican senators, just three defections leave him short of a majority. Democrats are unified in opposition.

The Republican leader has said he plans to introduce yet another version of the bill after Congress returns on Monday. But McConnell also said that if he is unable to get 50 votes for the GOP plan, he would try to shore up insurance markets, a legislative step that would involve Democrats.

In Nevada, Sandoval and Heller have a public service record that has overlapped since 1994, when Sandoval won a seat in the Nevada Legislature and then-Assemblyman Heller was elected to the secretary of state's office. Sharing a moderate approach in their conservativism, they have a relationship going back decades.

"He trusts me to give him information," the governor said, "and he trusts me" for speaking up for people who have benefited from the Medicaid expansion.

When scandal forced out Republican Sen. John Ensign in 2011, Sandoval tapped then-Rep. Dean Heller to fill the Senate seat.

Asked whether he would consider endorsing one of Heller's challengers if the senator eventually voted to roll back Medicaid, Sandoval laughed.

"No," he said. "Absolutely not."

___

Barrow reported from Atlanta. Associated Press writers Becky Bohrer in Juneau, Alaska; Bob Christie in Phoenix, and Dan Sewell in Cincinnati contributed to this report.

___

Follow Noon and Barrow on Twitter at https://twitter.com/AlisonNoon and https://twitter.com/BillBarrowAP

I'm not at all sure where you get your information but the economy was on the brink, Obama helped lead the charge to return it to growth mode. Under his presidency, the economy was stabilized, War was drawn down but not stopped (kind of a miss there)and people that couldn't get health insurance were able. I'm one of them.

Obama was far from perfect, (name me a president that you think was) but in the end, he wasn't nearly as bad as trump already has been.

It's pretty obvious actually. The bank had to sue him for the money. Trump of course thought it was the banks problem.

George Washington, it's been all downhill from there.

If you mean that, remember, he wasn't perfect either..

I'm not saying EVERYTHING Obama did was wrong,,,just most of it. I'm not going to rehash everything, it's been said several times.

Yes he killed Bin Laden, but also created a vacuum for ISIS to be formed.

Yes the economy started to improve at the cost of and additional 10 trillion dollars.

Yes some folks were able to get insurance but like a bridge builder boasting to onlookers of a newly built bridge as it collapses in the water below....he says hey, at least a few people were able to get across.

Like I said, I don't know where you are getting your information, but Isis was formed prior to Obama being elected...

http://www.christianpost.com/news/who-is...in-iraq-124853/

if you don't like that source, go find another. Just google ISIS beginnings.

As for health insurance, there are something like 10 million people left on the ACA (otherwise known as Obamacare). At one time there were 23 million but some found other avenues for insurance (like jobs) others, couldn't afford it no matter how much the government paid and yet others just didn't want it anymore.

The thing for me is I have had Cancer and circulatory issues in the past. I'm also diabetic. If not for the ACA, I'd have been told, no insurance for you.

I'm lucky, I could afford to get insurance in the open market (I own a company and that's how I accomplished that)

You keep hearing how much Insurance premiums have risen under the ACA. Hell, did anyone take a moment to look back at the 7 or 8 years prior to the ACA. Good lord they were rising by leaps and bounds. (I went from something in the low hundreds per month to 1600 per month in less then 10 years, the largest jump took place prior to 2010)

The ACA is far from perfect. What the Republicans are doing now is far from perfect.

You wanna know how to get a system that will work for most Americans? I'll tell you.

Make sure that whatever plan(s) are available to the public be mandatory for Congress and all Federal Employees.

I promise you this, if you make it so Mitch McConnell and Paul Ryan MUST use the same plan, we'll get health insurance taken care of and every one would love it.

And yet, there will be a faction out there that won't like it.

As for the 10 Trillion dollar increase in the debt, what was it when Bush took office. I'm not blaming Bush, but it had been in an upward spiral since 2000.

In order to get us out of the economic mess he inherited, money needed spent. Some he may have been able to control, others he couldn't have.

Again, what else you got!

They just don't care Damon. They just don't care. Because you know, Trump.

More Fake News!

Obama pulled us out of Iraq and ISIS grew to create the Caliphate. He created their power base, he created their income sources with the oil he gave them.

It is you who cares nothing for the truth!

My comment was about him being able to get healthcare at a reasonable cost with his pre-existing conditions. But nice try.

Don't try to back out now, you answered Daman and he was talking ISIS.

It's my fault 40 for not writing a book for every post so my words can't be twisted.

It wouldn't help as they can't even seem to comprehend a few sentences.

And the vast majority of his post was about healthcare. Try again.

I hear the Republicans just released their new healthcare plan!

Money for nothing and your chicks for free!

Still a fail that wont be passed. I guess the repubs arent bright enough to learn that healthcare shouldnt be a shell game.

Is the new plan any better than your current plan?

No.

Trumpcare 3.zero