What Happened To Trump Financial And Trump Mortgage? #LoserDonald
August 27, 2016
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3:04Now PlayingWhat Happened To Trump Financial And Trump Mortgage? #LoserDonald
YouTube Description
as posted by the channelDonald Trump used to be involved with the companies Trump Financial and Trump Mortgage. They both went out of business due to poor management. Cenk Uygur, John Iadarola, Jimmy Dore, and Alonzo Bodden, hosts of The Young Turks, break it down. Tell us what you think in the comment section below.
"“I think it’s a great time to start a mortgage company,” Trump told a CNBC interviewer in April 2006, adding that “the real estate market is going to be very strong for a long time to come.”
Within 18 months, as the experts’ worst fears began to pan out and home prices began to dip, Trump Mortgage closed, leaving some bills unpaid and a spotty sales record that fell short of Trump’s lofty predictions. Trump distanced himself from the firm’s demise, saying at the time that he had not been involved in the company’s management and that its executives had performed poorly.
As a presidential candidate a decade later, Trump says he would use the skills that made him successful in real estate to fix Washington. His decision to embrace the mortgage business illustrates the potential dangers of a business philosophy that has relied in part on a willingness to put aside the advice of experts and take risks.”*
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Hosts: Cenk Uygur, John Iadarola, Jimmy Dore, Alonzo Bodden
Cast: Cenk Uygur, John Iadarola, Jimmy Dore, Alonzo Bodden
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The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 68pm ET.
Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary)
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