Donald Trump Should Probably File for Bankruptcy, but Likely Won’t Because He’s Worried It Would Make Him Look Like a Loser: Report

gregorum@lemm.ee to News@lemmy.world – 560 points –
Donald Trump Should Probably File for Bankruptcy, but Likely Won’t Because He’s Worried It Would Make Him Look Like a Loser: Report
vanityfair.com
72

He already looks like a loser.

Great news Donald! You don't have to worry anymore!

He already looks like a loser.

Has done for decades, but that doesn't seem to register with his cult.

He’d apparently rather have his assets seized by the New York attorney general.

He can use the footage of the sheriffs locking up his properties during the seizures to fund raise. It doesn't hit the same if he declares bankruptcy for the 7th time in his life.

He can use the footage of the sheriffs locking up his properties during the seizures to fund raise

He's going to squeeze those rubes dry eventually.

His campaign fundraising is already falling behind Biden's.

The problem is I think they have been bled dry. They had some savings and assets, but the last few years they have been cashing them in to go to rally's and donate to Trump, expecting to get it back 10x return.

It's gonna be ugly when reality hits them, and that's why this is going to be so dangerous and most likely turn violent. Hopefully the violence can be contained , but many of his supporters simply won't accept reality that he is unpopular outside of their make believe world.

and most likely turn violent. Hopefully the violence can be contained

I'm hoping that seeing so many of the Jan6 useful idiots in jail might help mitigate that.

Wait would it work that way? These are open businesses, no? I would have assumed they would allow continuity of operations as the assets are sold.

5 more...

This would be bankruptcy number seven-ish?

Trump has never declared personal bankruptcy. This would be a huge blow to him, as everything from his business empire to his personal wealth, would be gone.

I wish, but I'm sure he parked ample sums with his children and in-laws. He'll never be poor, if only because he'd rather be dead.

A smart person would’ve done that. Trump is neither smart nor generous.

Didn't his son in law get billions from Saudi despots in return for access to classified documents?

That’s probably why he got those billions. Which raises an interesting question: why isn’t Jared helping him out?

Because Jared is smart enough to let Trump burn.

Most of Trump's children are finally wising up and realizing that he's absolutely not going to dodge all of the shit here, and keeping close or supporting him could mean getting caught in that net.

Trump is giving way too much credit to his supporters, who openly don't care about his previous 6 bankruptcies, and have even ridiculously tried to spin said bankruptcies to their GodEmperorDaddy's credit.

I thought filing for bankruptcy was smart? Isn't that what he said before about his previous bankruptcies?

Different kinds of bankruptcy, but essentially he said they were smart, business decisions: https://www.politifact.com/factchecks/2015/sep/21/carly-fiorina/trumps-four-bankruptcies/

"Hundreds of companies" have filed for bankruptcy, Trump said earlier in the debate. "I used the law four times and made a tremendous thing. I'm in business. I did a very good job."

That quote sounds like a toddler talking about their bowel movements.

I’m in business. I did a very good job.”

Is Trump just three kids in a trenchcoat?

Did losing the presidency after I've term not make him look like a lost already?

His followers don’t think he lost, remember. Most of them still think he’s president.

Sadly, and strangely, this is true. Although, ironically, they’re still voting for him.

They are not voting for a third term president. They’re voting for a forever term dictator.

Yes, but my point is they’re voting for him even though they claim he’s still the president in office. Why are they voting if he never left the office? It’s just weird.

I'll be voting for Biden even though he is in office. Is that weird, too?

Argh, I badly worded it. Yeah that’s a fair point. It’s semantics.

If not for the ridiculous system and the insistence of the DNC leadership on making sure he's the only alternative to fascism, yes.

Voting for Biden WOULD be very weird if you were not doing it under duress.

There's this thing I've noticed on Facebook, I don't fully understand but they post things Maga really want to be true like 'try that in a small town singer smashes tailor swift attendance record' with an obviously unrelated or fake picture. The comments are almost everyone acting like it's true, there was one about some woke companies share value falling fifty percent with everyone celebrating then once comment linking to a share price tracker pointing out its not even close to true.

I don't know who makes them or why but the comnent section believes them.

This is why I deleted all of my social media accounts years ago. All I have now is a mastodon account.

I don’t really consider this social media in the same way. Lemmy is a social news aggregator, so it’s adjacent to social media, but people here aren’t friends, we’re all anonymous. It’s not really the same thing. Perhaps one might call it “pseudosocial media”.

This dude will unlock all xbox/steam/Playstation achievements in one go.

Most bankrupted businessman Most charged ex president in history Most impeached president in history Told most lies in one presidential term (in history)

And the list goes on and on and on.

Most anti-american president in history.

I don't understand how he has supporters when he constantly goes on about how great Russia is. Aren't you guys supposed to be mortal enemies or something.

I’ll pay attention when I see assets getting seized.

Is there a limit on how many times one can declare bankruptcy?

Surely he has hit it by now.

All t hat winning must get exhausting.

It would be such a beautiful sight if he'd finally trip over his own ego.

I don't know why he would be worried about bankruptcy making him look bad. It's never bothered him before........

Only his businesses have declared bankruptcy before. He’s never declared personal bankruptcy. If you declares his personal bankruptcy, his whole empire could come crumbling down.

Are we seeing a repeat of 2016?
Winning was secondary to setting up a nice grift...
Taking over the RNC to siphon money off for legal bill instead of using those resources for down ballot races.
One would think that Donnie could get someone to post his bond with a lean against his truth social windfall.
Letting NY seize a few properties is good theater.
Declaring personal bankruptcy could have unintended consequences

I can't imagine that bankruptcy would dissolve his public judgements anyway.

Yes ... THAT'S what would make him look like a loser...

Wouldn't he also have most of his assets seized if he declared bankruptcy?

I don't understand how somebody could be bankrupt, yet still be allowed to own all those gaudy buildings?

Don’t worry. After Monday, he probably won’t own them anymore.

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