What a pig. In 2006, Trump said he hoped the housing market would crash

[cali]

Two years before the housing market collapsed in 2008 and millions of Americans lost their homes, Donald Trump said he was hoping for a crash.

"I sort of hope that happens because then people like me would go in and buy," Trump said in a 2006 audiobook from Trump University, answering a question about "gloomy predictions that the real estate market is heading for a spectacular crash."

The U.S. housing bubble burst two years later, triggering the stock market crash of 2008 that plunged the U.S. economy into a deep recession, leaving millions of Americans unemployed.

Trump was speaking with Jon Ward, a marketing consultant who "masterminded all the initial education programs for Trump University," according to his website. The audiobook is available on iTunes.

"If there is a bubble burst, as they call it, you know you can make a lot of money," Trump said in the 2006 audio book, "How to Build a Fortune." "If you're in a good cash position -- which I'm in a good cash position today -- then people like me would go in and buy like crazy."

The Trump campaign did not respond to requests for comment.

Few, including Trump, predicted the 2008 crash or the magnitude of the recession that would ensue.

"I'm not a believer that the interest market -- that the real estate market is going to take a big hit," Trump said in the same interview.

But Trump's comments in the audio book, a project of his Trump University -- which is currently facing three lawsuits representing thousands of former students -- underscore the challenges the billionaire and presumptive Republican nominee will increasingly face in the general election as comments from his life before politics return to haunt him.

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http://www.cnn.com/2016/05/19/politics/donald-trump-2006-hopes-real-estate-market-crashes/index.html

[fleabiscuit]

1. He is truly nothing but bad news. n/t

[world wide wally]

2. Gee, would it be beyond Trump to manipulate markets if he became President?

He would stand to make a fortune!

[fleabiscuit]

3. Him becoming President would probably crash all markets. :-)

[Journeyman]

4. George W. was in Japan, early in his Presidency, and he made a "mistake" . . .

and sent the Yen plummeting. He was speaking to a group in Tokyo in 2002 when he mentioned "devaluation" and the Yen fell through the floor.

Within moments, aides hastily pointed out he meant "deflation" and the value of the Yen returned to its original point. But for those few moments anyone who knew that statement was coming stood to make a fortune, and probably did. The press wrote it off as "yet another Bushism," one of those "endearing gaffes that make him so popular" (remember, this was 2002). But I saw it differently. And ever since, I could only see such "errors" through the prism of BushCo deception and deceit.

Trump, I've no doubt, would avail himself of these sorts of "opportunities" whenever he felt he could profit from them. Remember what Bartcop used to say: Whenever someone makes a "mistake" and someone else profits from that mistake, expect that mistake to be made endless times in the future.

Here's Bartcop, from the grave, foretelling the horrors of a Trump presidency before it's even begun.

[world wide wally]

7. How many "terror threats" would we be hearing?

[Journeyman]

11. I believe we'd hear an increase in "terror warnings" no matter which Republican became President...

it's in their nature, it seems, to both live in fear and hope to govern with fear.

Trump, on the other hand, would probably give us many more financial alerts, incidents in which his cohorts and cronies could profit off of prior knowledge.

[Liberal_in_LA]

5. The rape statements about Bill are warnings to not bring up his past

[TeamPooka]

10. People have been talking shit about Bill for 25 years. We've heard everything before. Trump's past

is new to most of the USA.
Bill's a big boy, he can handle it.
Trump can't handle any type of reality check on his ego..

[Matrosov]

6. He's just being a good capitalist

Buy low, sell high, then hope for everything to crash so that there can be more low buying and eventually high selling.

So what if a few lowly Average Joes have their lives ruined in the process? They must be either lazy or stupid, otherwise they'd be good capitalists as well and not lowly Average Joes.

[Jitter65]

8. The prescient Mr. Trump. I hope Hillary puts that statement in an ad in all 50 states. nt

[zappaman]

9. Piece of shit.

Sickens me that he has a chance to be POTUS.