2024 Presidential Race

#44,051
#44,051
LSU-SIU said:
What is there to acknowledge? 🤷‍♂️

The issue with the student loans is the government assuming the risk, you. In the case you cite, that is not the case.
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Sen. Tim Scott said that, "In America, if you take out a loan, you pay it back."

He is exactly right. That is how it should work. A man who calls himself a billionaire should never default on a loan, now should he?
 
#44,053
#44,053
BowlBrother85 said:
Sen. Tim Scott said that, "In America, if you take out a loan, you pay it back."

He is exactly right. That is how it should work. A man who calls himself a billionaire should never default on a loan, now should he?
Click to expand...

That isn't how it works legally, haven't you heard of bankruptcy?

He's saying as an individual he feels that, but the reality isn't always so and legally the answer can be no.
 
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#44,054
#44,054
Glad to see this to where illegals are warned about voting and understand the issues if caught. This of course is to have the most secure election possible in 2024.

www.yahoo.com

Trump-allied group launches Spanish-language ads warning noncitizens against voting

The ad campaign paid for by the Article III Foundation comes as voter registration deadlines near and early voting begins in states with sizable Latino populations, like Arizona, Nevada, and Pennsylvania.
www.yahoo.com www.yahoo.com
 
#44,057
#44,057
LSU-SIU said:
That isn't how it works legally, haven't you heard of bankruptcy?

He's saying as an individual he feels that, but the reality isn't always so and legally the answer can be no.
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Yes, that is how it's supposed to work legally. The borrower does have a legal obligation to repay the debt .... although, there are ways around paying off debt that are legal. My point is, that nobody who claims to be a billionaire should have defaulted on as much debt as Donald Trump has. It is ridiculous how much Trump boasts of his wealth, considering how much money he has borrowed without paying back.
 
#44,059
#44,059
BowlBrother85 said:
Yes, that is how it's supposed to work legally. The borrower does have a legal obligation to repay the debt .... although, there are ways around paying off debt that are legal. My point is, that nobody who claims to be a billionaire should have defaulted on as much debt as Donald Trump has. It is ridiculous how much Trump boasts of his wealth, considering how much money he has borrowed without paying back.
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Donald Trump did not default though, those are corporate entities. Shareholders are not generally responsible for corporate debt. Corporations default and file for bankruptcy everyday.

The issue with the student loans you (meaning the taxpayer) are responsible for the debt.
 
#44,061
#44,061
BowlBrother85 said:
LOL ..... Okay. My point still holds true, however.
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No. Your whole post doesn't make sense in context. Legally debt doesn't have to be repaid, and realistically no debt doesn't have to be repaid. There is process to handle such events.

I don't even know what your point is, he is saying he feels that way.

The issue with student loans can be resolved easily, the federal government get out of the loan business and make the loans dis chargeable.
 
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#44,062
#44,062
LSU-SIU said:
No. Your whole post doesn't make sense in context. Legally debt doesn't have to be repaid, and realistically no debt doesn't have to be repaid. There is process to handle such events.
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Yes, the borrower does have a legal obligation to repay debt. What are you talking about?
 
#44,063
#44,063
BowlBrother85 said:
Yes, the borrower does have a legal obligation to repay debt. What are you talking about?
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In context no. Meaning I can default on a loan, yes, someone can sue, but if there is no money.... there is no money. (just an example)

There are also just write downs on debt, there is loans which are reworked, etc.

Individuals and corporations file bankruptcy every day.... lots of them. Why? No money.
 
#44,064
#44,064
LSU-SIU said:
In context no. Meaning I can default on a loan, yes, someone can sue, but if there is no money.... there is no money. (just an example)
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That would depend on the type of loan ..... whether or not it is secured, and many other variables. You can default on a mortgage with a lien against your property, of course ... but the lender can take your house.
 
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#44,065
#44,065
BowlBrother85 said:
That would depend on the type of loan ..... whether or not it is secured, and many other variables. You can default on a mortgage with a lien against your property, of course ... but the lender can take your house.
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Sure, but the same thing holds true. The issue with the student loans is not really about whether they can pay it back, its really why the government is involved.

I don't see what that has to do with Donald Trump, or his entities.... whoever it is on the back-end... its their problem.
 
#44,066
#44,066
LSU-SIU said:
Donald Trump did not default though, those are corporate entities. Shareholders are not generally responsible for corporate debt. Corporations default and file for bankruptcy everyday.

The issue with the student loans you (meaning the taxpayer) are responsible for the debt.
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Technically, you're correct. In reality and practice, his name association with it is far more damaging than anything else. You and others stupidly make it about the fact he might not have lost any money. Even better for him, he isn't liable for it. He's not the "business man" we need for this country. You voted for him, didn't you? I know you claim you don't vote, but you defend him like you voted for him. It's ok. You can admit it. If you think he is the lesser of two bad candidates, that's cool. You often refer to him as a victim, and that is silly. He made his bed
 
#44,067
#44,067
BernardKingGOAT said:
Technically, you're correct. In reality and practice, his name association with it is far more damaging than anything else. You and others stupidly make it about the fact he might not have lost any money. Even better for him, he isn't liable for it. He's not the "business man" we need for this country. You voted for him, didn't you? I know you claim you don't vote, but you defend him like you voted for him. It's ok. You can admit it. If you think he is the lesser of two bad candidates, that's cool. You often refer to him as a victim, and that is silly. He made his bed
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he is the victim of two assassination attempts...
 
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#44,068
#44,068
BowlBrother85 said:
Sen. Tim Scott said that, "In America, if you take out a loan, you pay it back."
Click to expand...

Loans are governed by contracts. Contracts that have risks and the lenders understand this fact. They expect defaults and are prepared for them.

BowlBrother85 said:
He is exactly right. That is how it should work. A man who calls himself a billionaire should never default on a loan, now should he?
Click to expand...

The more money you have, the less loan docs have teeth.
 
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#44,069
#44,069
BernardKingGOAT said:
Technically, you're correct. In reality and practice, his name association with it is far more damaging than anything else. You and others stupidly make it about the fact he might not have lost any money. Even better for him, he isn't liable for it. He's not the "business man" we need for this country. You voted for him, didn't you? I know you claim you don't vote, but you defend him like you voted for him. It's ok. You can admit it. If you think he is the lesser of two bad candidates, that's cool. You often refer to him as a victim, and that is silly. He made his bed
Click to expand...

This seems like a strange kind of rant that I'm having a hard time figuring out. I have no idea as to Donald Trump's real finances, I can't say I really care that much.

Corporate debt is different than personal debt. If GMAC goes default, its shareholders are not liable either. There is nothing special about all this. You are combining a bunch of stuff into a rant which put together makes little sense to most adults.

You often refer to him as a victim, and that is silly.
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Click to expand...

I would say he has been a victim to many crimes, I would say its a fact not a opinion. I would say you sound like a complete lunatic.

I'm constantly confused to be honest, Donald Trump is the greatest lefty Democrat that ever lived, he destroyed both parties.
 
#44,070
#44,070
VOLLeeann said:
Loans are governed by contracts. Contracts that have risks and the lenders understand this fact. They expect defaults and are prepared for them.



The more money you have, the less loan docs have teeth.
Click to expand...

About half the time, I feel like this forum is part of a real life 70s Saturday Night Live skit.
 
#44,071
#44,071
volinbham said:
he is the victim of two assassination attempts...
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Yes. And?
You know good and damn well most posts about Trump being a victim are about his legal troubles and divisive rhetoric.

If you want to vote for him, you should vote for him. I hope it would be because you are voting against Harris.
 
#44,072
#44,072
BernardKingGOAT said:
Yes. And?
You know good and damn well most posts about Trump being a victim are about his legal troubles and divisive rhetoric.

If you want to vote for him, you should vote for him. I hope it would be because you are voting against Harris.
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Well, he is a victim of conspiracies, treasonous act (which we all are), etc. Where have you been? All the stuff from Russia Gate to the all the lawfare stuff is generally all nonsense and criminal in nature.

These are crimes against the American people as well.
 
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#44,074
#44,074
LSU-SIU said:
This seems like a strange kind of rant that I'm having a hard time figuring out. I have no idea as to Donald Trump's real finances, I can't say I really care that much.

Corporate debt is different than personal debt. If GMAC goes default, its shareholders are not liable either. There is nothing special about all this. You are combining a bunch of stuff into a rant which put together makes little sense to most adults.



I would say he has been a victim to many crimes, I would say its a fact not a opinion. I would say you sound like a complete lunatic.

I'm constantly confused to be honest, Donald Trump is the greatest lefty Democrat that ever lived, he destroyed both parties.
Click to expand...
Yes, thanks for telling me things I've known forever. Hate that you spent that time doing it. Hey, you can't help it that you're a deluded simpleton. The manner in which GMAC operates is entirely different than how Trump entities operate. That you used as an elementary analogy was fine, but those entities have entirely different regs.

You don't have the first clue as to what most people think. You know a fringe. Trump has been a victim to many crimes? Some? Sure, but has committed far more. At least that are on an actual documented, adjudicated record. Yeah, you dumbass, civil counts too.
 
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