Earlier today on Power Lunch, Donald Trump popped by to thank the gang for the special they’ve produced about him airing tonight. They chatted about a slew of topics including Michelle Caruso-Cabrera being pissed off her appearance on this season of The Apprentice was cut and whether or not Don will run for president. “A lot of people think I should [and] for the first time in my life, I’m really thinking about it,” Trump admitted. Continue reading »
Donald Trump
Renowned Businessman And Bankruptcy Expert Announces He’s Thinking Of Running For President
By Bess LevinDespite Trump’s Claims To The Contrary, Carl Icahn Has DEFINITIVE PROOF He And The Don Are Not Good Friends
By Bess LevinThe Times had a long profile of Carl Icahn over the weekend, wondering if the activist investor still has a fight in him, his likes and dislikes (being referred to as “raider,” for one), his early years in the biz (“When he turned 15, he played his own version of the ice futures market as a cabana boy at a beach club, ordering extra ice on hot mornings to sell to visitors who would run out later in the day”) and whether he has any plans to retire (“What else am I going to do?” Mr. Icahn asks. “Play shuffleboard?”). The article also discusses Icahn’s public feud with Donald Trump over three Atlantic City casinos bearing the Don’s name, which Carl was trying to gain control of. Here’s what Donald had to say about the matter:
“He told me he was doing it because he heard I wasn’t involved, but he knew I was involved, that I had a deal with bondholders,” Mr. Trump said. “I was very surprised and also very disappointed that Carl got involved,” Mr. Trump added. He said the two had been friends for years and that Mr. Icahn had sought his advice when he was divorcing his first wife. Mr. Trump said the two had not spoken since the call.
And here’s Ichan’s side the story:
“I should be the one that is surprised he is upset,” Mr. Icahn said. “I might possibly feel bad had I interfered at a time when he was running the business,” but that’s not the case, he added.
But the way more important thing that Uncle Carl wants to clarify? These two are in no way close friends, even using the loosest definition of the term. You wanna know how Carl knows this? Take a look at this picture:
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Cityfile reports that you now have the opportunity to sit your ass in the Don’s cockpit. Trump put his Boeing 727 up for sale yesterday. No word on the asking price but it’ll probably cost you considering that you’re getting three bathrooms with “gold plated sinks,” “abundant storage for fine china and crystal” and a “circular shower.” Make him an offer.
Donald Trump Has An Aging Plane To Sell You [Cityfile]
Could it be? Is the Donald about to fire bankruptcy? That’s what our totally unfounded (and usually spot on) sources claim. I have to say, looking at that monstrosity of a tower on the river in Chicago, I am unsurprised. (Let’s not even start on the Atlantic City casinos). We’d love to say Donald is everything that’s wrong with this country, but at least the guy tries to pay off his debts in bankruptcy (all of which so far have been limited to corporate bankruptcy though he had a close shave in the ’90s) and he’s certainly had a lot of experience in the field, so things are looking up for his creditors (maybe). So really, when you think about it, it’s actually Donald’s hair that is everything that is wrong with this country.
The son of Donald Trump is also called Donald Trump, and now he is following his father’s footsteps by attaching his name to a financial company that will speculate on real estate. Two years ago, Donald Trump launched a mortgage company that would focus on luxury properties. It failed dramatically when the housing market crashed. Now Bloomberg is reporting that Junior Trump is planning on launching a “hedge fund” that will invest in property in India.
Trump mortgage turned out to be a company that was run by a shifty chief executive and had very little to do with anyone called Trump. The Donald Senior had licensed his name out to the company but had little role in management–a fact that no-one knew until it failed.
So will The Little Donald be running a hedge or just attaching his name to it? It’s not clear right now. What is clear is that he intends for the fund to invest money in the same way that Trump Mortgage did–specializing in high end properties. Others who are looking to invest in real estate in India? Oh, right. Those real estate savvy folks over at Lehman Brothers.
Trump Jr. Plans $1 Billion Fund for Indian Property [Bloomberg]
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The Donald Gets A Scottish Cheer [Portfolio]


