[Johny Joe Hold]

The knives are out for our Christian friend, Donald Trump. There is a new story that Trump Casinos are filing the bankruptcy.

Casinos keep some of your gambling money and pay the rest out as winnings. Greedy casinos, where the owners are not Christians, keep more money than they should. Christian owners, like Donald Trump, give money back to the public. That is why we should rejoice in the business acumen of this generous and wonderful man.

That Donald's casinos are going broke is a sign from God that this man should be the Christian's choice for President.

http://www.wsj.com/video/trump-casin...bref=obnetwork

[Pastor Ezekiel]

Donald Trump is a financial genius, of that there can be no doubt. I've always said that casinos are a tax on the stupid, and Mr. Trump is so full of the Holy Spirit that he realized that the stupid need to be parted from their wealth.

For the Lord, of course.

[Free Market Fred]

Originally Posted by Johny Joe Hold

The knives are out for our Christian friend, Donald Trump. There is a new story that Trump Casinos are filing the bankruptcy.

Greetings Brother Johny. You raise an interesting point here - filing for bankruptcy. It has been my experience that the public misunderstands the whole legal concept of "bankruptcy." As someone with a bit of expertise in financial matters, I'd like to take a moment to clarify what the term "bankruptcy" really means.

In the not too distant past, declaring bankruptcy was for losers. A person who was bankrupt could not pay his or her debts. Before bleeding heart liberals started messing up the legal system, if a man owed money and could not pay, he and his wife, children or servants were forced into debt slavery, until the creditor recouped losses through their physical labor. The slaves could be sold, which provided a quicker way for creditors to recover losses.

This was a perfectly rational system that has been in place for thousands of years. There were other variations on the theme, such as debtors' prisons, or selling off wives and daughters as "comfort women," in which case a man's debts could be forgiven if the hotties fetched a good price. Again, this system worked well, and didn't require Big Government to interfere with the Godly free market.

But then this system of "legal bankruptcy" came along, upsetting the apple cart. Poor people who owed money could be forgiven simply by declaring bankruptcy in a court, and get away without paying anything at all! Fortunately, we fixed that bad corrupt system in 2005 with the Bankruptcy Abuse Prevention and Consumer Protection Act. Thanks to this law signed by America's most awesome president, George W Bush, low life deadbeats can still go ahead and declare bankruptcy - but it does them little good! We can still seize all their present assets and any crumbs they earn in the future.

The only flaw with the new improved Bankruptcy Act is that we still can't pass the debt down to wives or children, or sell them, as in the golden times of the past. The fact is that ever since that communist Jew-Democrat Franklin Roosevelt freed the slaves, debt recovery has been very problematic for creditors. This is why we need another Republican in the White House, so that we can at last restore slavery to its traditional glorious (and Biblical!) role.

But getting back to the Trump casino bankruptcy, it's important to understand that there is a big difference between an individual defaulting on debts vs. a corporation declaring legal bankruptcy. Obviously, when an individual can't pay medical bills, mortgage payments, or credit card bills, this should constitute a crime and the full force of the law should be used against him and his family so that creditors can recover all that is owed (plus late fees and interest payments of at least 200%). That is only fair.

But when a corporation goes bankrupt, no one individual is responsible, and therefore there is only one logical way to handle the situation: the government should provide a bailout. To take a real world example, when my company's AIG subsidiary went bust in 2008 (thanks to the fraudulent credit default swaps we sold to investors), there was no single person who could be blamed - especially after we kept those paper shredding machines going 24 hours per day for a whole week. So the logical thing to do was have the Federal Reserve give us $85 billion in immediate bailouts, plus trillions more to our partners. Thanks to this shrewd and logical legal maneuver, not only were we able to protect CEO jobs, but AIG was able to pay $165 million in executive bonuses just six months later! Our Goldman-Sachs division was similarly bankrupt, but thanks to bailouts we are now earning record profits and paying out amazing bonuses! Had it not been for bankruptcy reforms, none of this would have been possible.


Americans expressing their support for Wall St bailouts

So in the case of The Donald's casino, remember, it's the casino that's going bankrupt, not Donald (who is still worth billions). With the appropriate bailout, we can protect Donald's wealth as well as the rest of his executive board. The only people who might suffer are all the illegal aliens employed in the casino who could lose their jobs, but they're mainly Mexicans, and since they can't vote so I don't see why good right-thinking Americans should be concerned at all!

In short, corporate bankruptcies - coupled with taxpayer bailouts - is a win-win. It's good for business, good for shareholders and good for the USA! By declaring bankruptcy, Trump Casino Realty is proving that it is a patriotic corporate citizen! Remember, under the law, corporations are people too - except when it comes to serving jail time.

[Prayer Warrior]

Originally Posted by Free Market Fred

In short, corporate bankruptcies - coupled with taxpayer bailouts - is a win-win. It's good for business, good for shareholders and good for the USA! By declaring bankruptcy, Trump Casino Realty is proving that it is a patriotic corporate citizen! Remember, under the law, corporations are people too - except when it comes to serving jail time.

Amen! Rich people are already paying way too much in taxes anyway through progressive taxes. Corporate bailouts just equalize the playing field so wealthy business owners get back some of their taxes and get the rate in taxes they already should have been paying in the first place.

[Dr. Anthony J. Toole]

This casino problem could be solved EASILY by proper management. EASILY I tell you. If Trump were in charge of this thing, it would over so quickly believe me. The current management team are bunch of clowns that are stupid and incompetent.

[Ezekiel Bathfire]

Surely, the answer is simply to lay a bet that will cover the cost of your debts? Why hasn't Mr Trump thought of this?

[Fred Hall]

The answer is clear. The government should give Donald Trump 5 billion tax payer's dollars as a bailout. It is only fair... and what Jesus would want.

[Johny Joe Hold]

Originally Posted by Fred Hall

The answer is clear. The government should give Donald Trump 5 billion tax payer's dollars as a bailout. It is only fair... and what Jesus would want.

I have inside information that when Donald releases his personal tax data, it will show the government owes him millions of dollars. I would guess he has been making loans to the government to keep it afloat during the big spending Obama years.

He will not write off these loans you can be assured. Either the government will have to pay him back or he will take ownership of a big part of the government.

[Free Market Fred]

Originally Posted by Fred Hall

The answer is clear. The government should give Donald Trump 5 billion tax payer's dollars as a bailout. It is only fair... and what Jesus would want.

A measly $5 billion? That's about one week's worth of bailouts for my company. At first that might sound like a lot, be realize that we have 15 members on our Executive Board, so that's a trivial $333 million per week per board member. With the inflated cost of yachts and Lear jets these days, that's chump change, but in these hard times we all need to tighten our belts just a little.


Taking my little yacht on a Caribbean cruise