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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump caught on tape in 2006 saying he hopes the housing market crashes because it would benefit him
Last edited Fri May 20, 2016, 09:57 AM - Edit history (1)
Donald Trump in 2006: I 'sort of hope' real estate market tanks(CNN)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."
...............
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."
More, plus AUDIO:
http://www.cnn.com/2016/05/19/politics/donald-trump-2006-hopes-real-estate-market-crashes/index.html
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Trump caught on tape in 2006 saying he hopes the housing market crashes because it would benefit him (Original Post)
kpete
May 2016
OP
JCMach1
(27,582 posts)1. Callous... and then by the end of tape he says the market WON'T crash...
So, CALLOUS and flat out WRONG!
annabanana
(52,791 posts)2. Mean. greedy and wrong . .
presidential trifecta fer sure
HughBeaumont
(24,461 posts)3. Wow.
MH1
(17,608 posts)4. That'll be good for another 2 point bump in the polls.
I mean a bump up for Trump. Because, only "losers" lost out in the housing crash, and people support Trump because he's a winner, baby!!!
What a world we live in. Sigh.
Angel Martin
(942 posts)5. interesting that Trump
realized that a real estate crash was possible.
He did better than Bernanke and the bond rating agencies who said that housing prices never go down.