Art of the loss — what blowing a billion tells us about Trump

[spence]

Originally Posted by Jim in CT

The commercial real estate market completely collapsed, and there was a major recession. Did the Times article mention those things, or did they lay 100% of the blame on him? I'm not saying he's Warren Buffet or Bill Gates. I'm saying there were enormous challenges to real estate investors in that timeframe. That's what caused the S&L collapse, even insurance companies went under because they had invested their reserves in commercial real estate.

Funny, Trump's explanation was that he's a genius at exploiting tax loopholes and it's all a game.

[Jim in CT]

Originally Posted by spence

Funny, Trump's explanation was that he's a genius at exploiting tax loopholes and it's all a game.

losing money, and how he did the accounting, are not the same thing. and obviously he didn’t do the accounting himself regardless of what he says.
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