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Response to Tommy_Carcetti (Original post)

Mon May 9, 2016, 04:14 PM

3. Haircuts happen to holders of the debt of failed or failing companies

I've seen a number a short pieces on how stupid Trump's comment about US debt holders taking a "haircut" was. In those pieces there is commentary about how it is normal for debt holders to sometimes take pennies on the dollar.

No one has noted that this only happens if you own the debt of a failing enterprise. Something Trump has s great deal of experience with. He managed several large businesses into the ground.

He has proven again and again that he can build a brand, that he is a great marketer--but he has never proven that he can perform as a manager.

He wins the nomination and he immediately thinks about the steps he would take when he has turned the US into a failed enterprise. He is planning on turning our nation into a bankrupt.

The political and financial press don't seem to be able grasp how telling this one comment is.

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Replies to this discussion thread
Arrow 5 replies Author Time Post
Tommy_Carcetti May 2016 OP
Agnosticsherbet May 2016 #1
Johonny May 2016 #2
LineNew Reply Haircuts happen to holders of the debt of failed or failing companies
Moral Compass May 2016 #3
Wellstone ruled May 2016 #4
Gomez163 May 2016 #5
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