One all time fave… and next post another…

…maybe…https://www.commondreams.org/views/2018/09/17/cooking-books-trump-universe by Nomi Prins
Nomi Prins is a former Wall Street executive and author. Her newest book is Collusion: How Central Bankers Rigged the World (Nation Books). Her previous books include All the Presidents’ Bankers: The Hidden Alliances That Drive American Power (Nation Books) and Other People’s Money: The Corporate Mugging of America. Follow her on Twitter: @nomiprins
A couple of prescient quotes:

Now, here’s a question for you as we head for the November midterm elections, sure to be seen as a referendum on the president: Could Donald Trump be a one-man version of either Enron or Lehman Brothers, someone who cooked “the books” until, well, he imploded?

and:
"Unlike his casinos, the Trump Organization has not (yet) gone bankrupt, nor — were it to do so — is it in a class with Enron or Lehman Brothers. Yet it does have something in common with both of them: piles of money secreted in places designed to hide its origins, uses, and possibly end-users. The question some authority may pursue someday is: If Donald Trump was willing to be a part of a scheme to hide money paid to former lovers, wouldn’t he do the same for his businesses?"
and:

The main issue in question: Did the Trump Foundation use any of its funds to benefit The Donald or any of his businesses directly? Underwood thinks so. Asshe pointed out, it “was little more than a checkbook for payments from Mr. Trump or his businesses to nonprofits, regardless of their purpose or legality.” Otherwise it seems to have employed no one and, according to the lawsuit, its board of directors has not met since 1999.

and:
"In 2013, Schneiderman filed a civil suit against Trump University, calling it a sham institution that engaged in repeated fraudulent behavior. In 2016, Trump finally settled that case in court, agreeing to a $25 million payment to its former students — something that (though we don’t, of course, have the tax returns to confirm this) probably also proved to be a tax write-off for him."
and, in conclusion:

Originally published at http://www.tomdispatch.com/

http://www.tomdispatch.com/post/176468/tomgram%3A_nomi_prins%2C_cooking_the_books_in_the_trump_universe/#more

Advertisements
Posted in Random Miscellaney

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: