Exhibit A – Drumpf Shows Why Business-People Make Lousy Politicians

by Freadom – In the mid ‘90’s “Chancy Inc.” was imploding. Almost daily, the charismatic and mercurial founder announced new and bolder plans to dig us out of the multi-million dollar hole we were in. Senior executives were quietly bailing for more stable climes. Investors were asking if the situation could be righted or if the company should be scuttled. Sloppiness and overconfidence were the root causes of our problems. When things turned sour short-term fixes only made things worse. As an analyst I was asked to review the financial projections for our biggest new product. It took less than a day to tease out the hubris. Making the first year’s revenue projection would require selling to 100% of the target market. It was a mystery who would be left to buy in the second year.(1) We were in turnaround. I see lots of conflicting coverage about the Drumpf campaign shake...

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NYT: “In Maze of Trump’s Empire, $650 Million in Debt”

by igualdad – The New York Times has conducted an investigation into Trump’s convoluted business dealings that include over 500 Limited Liability Corporations, complex loan structures, and secret investment partners.  It should be noted that while Trump has filed the required FEC report, this form is not designed to capture the complexity of a financial portfolio such as Trump’s. “For instance, they have boxes once a certain number is reached that simply state $50 million or more.” Many disparities between Trump’s claims and others’ findings exist. For example, Trump has stated his net worth to be in the 10 billion dollar range while other entities, such as the Wall Street Journal and Forbes have estimated it to be in the 1-4 billion dollar range. Other discrepancies with his report of debt load have been found further muddying the waters on Trump’s financial ties. Both known and unknown financial ties raise serious ethical concerns. In Maze...

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