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dixiegrrrrl
dixiegrrrrl's Journal
dixiegrrrrl's Journal
October 17, 2018
Trump and Ivanka mis-lead/mis-stated how many units of the Trump Ocean Club, in Panama City, had "pre-sold", which was an important number to obtain construction financing, in this case, bonds issued by Bear Sterns Bank.
there is a question if those pre-sold contracts were ever scrutinized by the banker who signed off on the bonds.
That was Nov. 2007.
6 months later, Bear Sterns went bankrupt and was taken over by J.P. Morgan Chase.
But wait...there is more.
Mis-stating important details was a pattern, a long running con, and the losers were the buyers who DID end up buying condos in Trump buildings, either pre-sold or after construction, when they thought most or all of the units had sold, so it would be a good investment.
Projects Where a Trump Family Member Overstated Sales Numbers
Dominican Republic
Claim: Donald Trump claimed $365 million in sales in a 2007 letter to The Wall Street Journal.
Reality: Trump reported $290 million in a 2009 project audit.
Result: Never built.
Fort Lauderdale
Claim: Trump announced the hotel/condo was “pretty much sold out” in April 2006, according to a broker who attended the presentation.
Reality: 62 percent of units were sold as of July 2006, according to bank records that emerged in a court case.
Result: Entered foreclosure. Trump’s name removed before construction completed.
Las Vegas
Claim: Condos “sold out,” Trump told The Associated Press in 2005
Reality: About 25 percent of units were sold by 2011, according to press accounts.
Result: Built.
Panama
Claim: “It’s a 1,000-unit building, we've sold over 90 percent of it,” Ivanka told Portfolio in 2008.
Reality: As of three months later, 79 percent of the units were pre-sold, according to Moody’s.
Result: Built, but went bankrupt; Trump name removed.
SoHo
Claim: In 2008, Ivanka told reporters that 60 percent of units had sold.
Reality: A Trump partner’s affidavit revealed that 15 percent had been sold at the time.
Result: Built, but went bankrupt; Trump name removed.
Tampa
Claim: The building “sold out,” Trump told The Wall Street Journal in 2007.
Reality: The developers failed to sell a minimum of 70 percent of units, according to a Trump company letter that year, which deemed that a violation of its contract.
Result: Never built.
Toronto
Claim: In a 2009 interview, Ivanka referred to the property as “virtually sold out.”
Reality: 24.8 percent of units had sold, according to a 2016 bankruptcy filing by the developers.
Result: Built, but went bankrupt; Trump name removed.
From a ProPublica story
https://features.propublica.org/trump-inc-podcast/trump-family-business-panama-city-khafif/
Everything he touches, dies. # 23
He killed a bank:Trump and Ivanka mis-lead/mis-stated how many units of the Trump Ocean Club, in Panama City, had "pre-sold", which was an important number to obtain construction financing, in this case, bonds issued by Bear Sterns Bank.
there is a question if those pre-sold contracts were ever scrutinized by the banker who signed off on the bonds.
That was Nov. 2007.
6 months later, Bear Sterns went bankrupt and was taken over by J.P. Morgan Chase.
But wait...there is more.
Mis-stating important details was a pattern, a long running con, and the losers were the buyers who DID end up buying condos in Trump buildings, either pre-sold or after construction, when they thought most or all of the units had sold, so it would be a good investment.
Projects Where a Trump Family Member Overstated Sales Numbers
Dominican Republic
Claim: Donald Trump claimed $365 million in sales in a 2007 letter to The Wall Street Journal.
Reality: Trump reported $290 million in a 2009 project audit.
Result: Never built.
Fort Lauderdale
Claim: Trump announced the hotel/condo was “pretty much sold out” in April 2006, according to a broker who attended the presentation.
Reality: 62 percent of units were sold as of July 2006, according to bank records that emerged in a court case.
Result: Entered foreclosure. Trump’s name removed before construction completed.
Las Vegas
Claim: Condos “sold out,” Trump told The Associated Press in 2005
Reality: About 25 percent of units were sold by 2011, according to press accounts.
Result: Built.
Panama
Claim: “It’s a 1,000-unit building, we've sold over 90 percent of it,” Ivanka told Portfolio in 2008.
Reality: As of three months later, 79 percent of the units were pre-sold, according to Moody’s.
Result: Built, but went bankrupt; Trump name removed.
SoHo
Claim: In 2008, Ivanka told reporters that 60 percent of units had sold.
Reality: A Trump partner’s affidavit revealed that 15 percent had been sold at the time.
Result: Built, but went bankrupt; Trump name removed.
Tampa
Claim: The building “sold out,” Trump told The Wall Street Journal in 2007.
Reality: The developers failed to sell a minimum of 70 percent of units, according to a Trump company letter that year, which deemed that a violation of its contract.
Result: Never built.
Toronto
Claim: In a 2009 interview, Ivanka referred to the property as “virtually sold out.”
Reality: 24.8 percent of units had sold, according to a 2016 bankruptcy filing by the developers.
Result: Built, but went bankrupt; Trump name removed.
From a ProPublica story
https://features.propublica.org/trump-inc-podcast/trump-family-business-panama-city-khafif/
October 16, 2018
I just noticed how tiny they made trump's hands.....lol
4 takes on the now infamous trump painting....
I just noticed how tiny they made trump's hands.....lol
October 16, 2018
I noticed while browsing IMDB it's in its 8th season.....
What is it about the Walking Dead that makes it so darn popular?
I noticed while browsing IMDB it's in its 8th season.....
October 14, 2018
I admit to enjoying then, esp. at the end of a long bla bla bla trump day. Am I alone?
Show of hands if you like the crazy drivers in Russia yutube videos....
I admit to enjoying then, esp. at the end of a long bla bla bla trump day. Am I alone?
October 12, 2018
Many years ago, as a therapist for a rural Mental Health center, it was my job to go once a month to the state mental health hospital to document progress, if any, of our catchment area patients. We had 4-5 of them in the place.
The fact that said patients were still hospitalized speaks to the severity of their illness and the need for round the clock care.
On one trip, our very recently hired program director came along with me. He had been hired for administrative skills, did not have a mental health background, but he sure tried hard to act like he did.
We met with a male patient who was seriously schizophrenic, even when medicated.
When I asked him if he knew why he was in the hospital, he started talking and talking and talking.
I watched the Program Dir. listening closely, then leaning forward, very attentive towards the guy as he went on and on,
trying to follow the patient's train of thought, waiting for the moment when something he said would make sense, not willing to show he was not getting the point behind all those words.
which was impossible because the patient was pretty much speaking the classical word salad, Nouns were used, even whole
sentences, but as the ideas tumbled out, they were left in the dust as new thoughts hit, and off he would go in another direction.
We eventually landed on Mars, as I remember it.
My tag along buddy had exactly the look as Trump did, nodding with fake interest, not following the rapid spewing of changing ideas, but appearing oh so very glued to the speaker, with a growing expression of wanting someone to jump in and rescue him.
with the sound off the video, it is even more apparent.
sadly, it is even more obvious that CNN and other news reporters were filming Kanye who seemed very much to need his meds.
Watching Trump when Kanye was blathering on was so familiar to me
Many years ago, as a therapist for a rural Mental Health center, it was my job to go once a month to the state mental health hospital to document progress, if any, of our catchment area patients. We had 4-5 of them in the place.
The fact that said patients were still hospitalized speaks to the severity of their illness and the need for round the clock care.
On one trip, our very recently hired program director came along with me. He had been hired for administrative skills, did not have a mental health background, but he sure tried hard to act like he did.
We met with a male patient who was seriously schizophrenic, even when medicated.
When I asked him if he knew why he was in the hospital, he started talking and talking and talking.
I watched the Program Dir. listening closely, then leaning forward, very attentive towards the guy as he went on and on,
trying to follow the patient's train of thought, waiting for the moment when something he said would make sense, not willing to show he was not getting the point behind all those words.
which was impossible because the patient was pretty much speaking the classical word salad, Nouns were used, even whole
sentences, but as the ideas tumbled out, they were left in the dust as new thoughts hit, and off he would go in another direction.
We eventually landed on Mars, as I remember it.
My tag along buddy had exactly the look as Trump did, nodding with fake interest, not following the rapid spewing of changing ideas, but appearing oh so very glued to the speaker, with a growing expression of wanting someone to jump in and rescue him.
with the sound off the video, it is even more apparent.
sadly, it is even more obvious that CNN and other news reporters were filming Kanye who seemed very much to need his meds.
October 11, 2018
ICYMI: Ariz. Gov. chose, as McCain's replacement, a lobbyist for RW Judicial Network.
The group makes the list of names for Judge appointees, including SCOTUS.
Intrepid SpicyFiles found the information, it's what she does ever so well:
https://twitter.com/SpicyFiles/status/1046433637816836097
October 8, 2018
Seems it only started last week. Now I haz a sad.
Tonight is last episode of Better Call Saul.....wahhhhh
Seems it only started last week. Now I haz a sad.
October 5, 2018
Note: Amazon already does the price changing bit, online. I know because I have watched ny "saved" items vary in price, sometimes consierably. Have saved some money, but also have taught Amazon where my price pressure point is.
If you want to glimpse the future of retail, check out an Amazon Go store.
Seattle DU-ers...have you been in the store up there?
They're sleek and modern, with a minimalist vibe. Black merchandise racks. Wood veneer. Polished concrete. Pop music plays softly in the background; cameras nestled in the ceiling monitor your every move as you wander the aisles.
"Big deal," you may be thinking. "Sounds like Whole Foods." True. But you won't see a single cashier, cash register, or self-service checkout stand. Such things have no place in the future. You simply walk in, grab what you need, and go. Amazon bills your credit card as you pass through the turnstile on your way out. Moments later, an app in your phone provides a receipt detailing what you've bought, what you paid, and even how long you spent inside.
Imagine a world where you never wait in line, or even open your wallet. A world where stores know so much about you that they recommend products and lead you right to them. A world where shoplifting, which according to the National Retail Federation drains some $47 billion from retailers nationwide each year, is all but impossible.
Snip:
Automated pricing, already used for things like airline tickets, could come to retailers as well. A store's AI might see you, a loyal customer, standing in front of the yogurt case or trying on winter coats and offer a 15 percent discount. Or it might charge you more, because it knows you're in a rush and live in an affluent zip code. Prices may also fluctuate in real time based on demand, just like ridesharing.
https://www.cnn.com/2018/10/03/tech/amazon-go/index.html
"Big deal," you may be thinking. "Sounds like Whole Foods." True. But you won't see a single cashier, cash register, or self-service checkout stand. Such things have no place in the future. You simply walk in, grab what you need, and go. Amazon bills your credit card as you pass through the turnstile on your way out. Moments later, an app in your phone provides a receipt detailing what you've bought, what you paid, and even how long you spent inside.
Imagine a world where you never wait in line, or even open your wallet. A world where stores know so much about you that they recommend products and lead you right to them. A world where shoplifting, which according to the National Retail Federation drains some $47 billion from retailers nationwide each year, is all but impossible.
Snip:
Automated pricing, already used for things like airline tickets, could come to retailers as well. A store's AI might see you, a loyal customer, standing in front of the yogurt case or trying on winter coats and offer a 15 percent discount. Or it might charge you more, because it knows you're in a rush and live in an affluent zip code. Prices may also fluctuate in real time based on demand, just like ridesharing.
Note: Amazon already does the price changing bit, online. I know because I have watched ny "saved" items vary in price, sometimes consierably. Have saved some money, but also have taught Amazon where my price pressure point is.
Profile Information
Gender: FemaleHometown: Washington state, for half my life
Home country: USA
Current location: SW Alabama. for the rest of my life
Member since: Wed Feb 27, 2008, 02:09 PM
Number of posts: 60,010
