Inside the Bailout That Saved a Debt-Ridden Trump Organization | The Choice 2016 | FRONTLINE
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- เผยแพร่เมื่อ 15 ก.ย. 2024
- Go inside the era when Donald Trump's business empire almost collapsed in this excerpt from "The Choice 2016."
Stream "The Choice 2016" in full on PBS and online: to.pbs.org/2bErFWG
From veteran FRONTLINE filmmaker Michael Kirk, "The Choice 2016" is FRONTLINE’s acclaimed two-hour film investigating what has shaped Hillary Clinton and Donald Trump, where they came from, how they lead and why they want to take on one of the most difficult jobs imaginable.
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"It doesn't seem like he took economics or accounting in college" + "I think the bankers looked at him like a promoter, not like a CEO". Scarily accurate quotes in hindsight.
Followed in the Republican tradition of tax cuts and exploding the deficit
The scary thing for me is that 70+ million americans still believe in this guy🤯
Fortunately, the number of his supporters is dwindling extremely fast!
@mr.sandman1177 That's BS, unfortunately
When I tell them my back story they still don't care Trump should have gone to jail for what he did..
They love cults.
Great people who are being misled by Trump
I remember when all this was happening. How anyone could trust him is beyond me.
@Ryan Hanifan Trump made sexual remarks about his 1 year old daughter. And further sexual remarks about another adult daughter. He has stated many times to young girls that he will be dating them in so many years. Trump also had ties to Jeffrey Epstein. He would walk in on the Ms. Teen beauty pageant dressing room and bragged about it on live radio. Among other remarks on grabbing women’s privates. He’s had many pending sexual assault charges including one where there may be DNA evidence if he submits to a DNA test. You make a comment like that out of context you better be able to refute all these things about your idol Donald J Trump you imbecile. Don’t delete your comment. I want anyone on TH-cam to know how illogical and foolish RYAN HANIFAN is. 😆😆😆
@Linda C. Really? So I guess Elon Musk, Warren Buffet, Steve Jobs, Bill Gates, Mark Zuckcenburger and Jeff Bezos are all constantly in court due to sexual harassment/ assault allegations. NO THEY ARE NOT! Because they are men of character. Maybe you want Trump to get a little frisky with you Linda. You know he wears a diaper because he shits himself constantly. Maybe you like that. Maybe you want to change his diaper every time he shits himself.
RYAN HANIFAN has left the chat. You can delete your comment but I’m not deleting mine. 😂🤣😂
I know right.....
Don the Con
"From that time Jesus began to preach, and to say, Repent: for the kingdom of heaven is at hand." Matthew 4:17
"Ye have heard that it hath been said, An eye for an eye, and a tooth for a tooth: But I say unto you, That ye resist not evil: but whosoever shall smite thee on thy right cheek, turn to him the other also." Matthew 5:38-39
How in the HELL could Anybody believe he was a good businessman?????????
He truly had fantastic PR. If you say it enough times people will actually begin to believe you.
Two words: “The Apprentice”. If that’s all they saw of him and remember, then they’ll see exactly how the show portrayed him.
And I'm sure none of you guys have or had any businesses that actually mattered. Please keep your 9 to 5 because clearly you guys don't understand how businesses work. One business failure can teach more than 100 successful ventures, but you wouldn't understand.
He's a billionaire, or as he thinks being billions in debt is the same as being a billionaire, that's why he loves debt
They said he blamed and fired people for his bad decisions and he did the same as president and he's still doing it after he said he would hire the best people
"If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem" - so true in today's climate
Well said👏🏽😔 we live in such a society now
IOW, his butt and business was saved because he is such a BS artist. Not because of any business acumen.
If you watched this first and then voted for this orange clown, there's something really, dangerously wrong.
@Hrcn Marie IMHO trump is too stupid himself to exploit presidential power on the fly as he is "shown" to be doing in his "public persona". He is following a well researched script. He has been coached, trained, groomed for this very role. Reagan too. (which predates your 99 date benchmark). The media is always ONboard (curse them always!) to play out the kabuki. We are being played in a most vile manner for their purposes.
@Hrcn Marie Is everything okay at home?
I love how his former employees have nothing nice to say about him. Interesting
Devon A they do
2 OF THEM ARE GOING TO JAIL NOW HAHAHAHAHAHA
I think that the "in GOD we trust" in America must be an acronym for Greed Oppression and Denial. Why wasn't this clown exposed DURING the election and the run up ..the news media could not stop focusing on him while Sanders was drawing 50 to 60 THOUSAND at every event and polling 14 points higher than Trump. ALL the media could seem to cover was Trump and Clinton....Who is going to investigate the corporate owned media for the manipulation of the news coverage throughout the campaigns?
Total orange trash
@@coriejohnson4434 good point
‘No matter how powerful you are, and no matter how much money you think you have, no one is above the law.’ NY AG, Letitia James.
And people said “He ShoULD Be PrESidEnt Bc hE WAs A BuSInESs MaN” now look at where we are.
Best damn business man I've ever read about
@JJoe before covid, the economy was growing slower under trump vs Obama
@JJoe right??? We were going down the shitter long before Covid. That’s awesome. That racist bigot liar narcissistic moron was an embarrassment to the country way before Covid. Great comment. 😂😂😂👍👍👍✌️✌️✌️✌️✌️✌️✌️✌️
@JJoe slowest growth of ANY administration ever. He screwd up the growth that Obama saved us from after the massive economic failure of Bush Jr (another Republican).
@JJoe Economic growth driven by record deficits and debt. My personal financial situation would look great too if I borrowed a million dollars a day
As someone who is a gambler and frequents casinos, I've said it before and I'll say it again..... How do you bankrupt a casino?
Trump did not pay his employees so they picketed out in front of his NJ casino. My husband were camping in the Toms River area of NJ when he decided to go to his casino. It was closed... all his workers were picketing. He stopped making money to pay the bills,so he filed for bankrupsy..
That's why he's fighting to prevent his taxes being released up to the Supreme Court.
All Trump had to do is take all that money he inherited and put it into low risk investments and he would actually be rich now instead of massively in debt. The man is the definition of buffoon.
Coy Hampton he is rich now . He didn’t inherit much compared to what he made off of his lone
You can't even spell bully. Go fly a kite.
yeah but he would just be another rich guy, not a "rich guy" who can now bend policy to enrich his pockets
Your an idiot.
They are actually smart enough to know they are getting buttfucked. You get buttfucked so often you don't even recognize it when it is happening
This man is never prepared to hear the truth, listen to advisors or humbly step down from incompetence. Not then, not now.
"He sorta blamed the people around him for what went wrong, instead of himself". "He started blaming people. He started firing people. Started yelling at people. He said I can be a screamer and he certainly was according to various accounts." Hmmmm. Who could have guessed that he'd be doing THE EXACT SAME THING IN 2020?
Trump as Barnum: selling the circus tickets and bringing clowns.
And the sideshow freaks.
Hopefully when Trump is no longer around ,his winter wonderland known as Mar-a Lago will be foreclosed on because he has defrauded and stolen from too many people for far too many years without adequate consequences, which says a lot about the laws in this country that are supposed to apply to everyone but the reality of this is quite the opposite.
The banks should of let him fail.
I agree, just like the federal government should have let the banks fail...just like grade school teachers should have let you fail because of your miserable idiot grammar.
But just like the banks and trump you should consider yourself lucky.
should of
@@tomk4t Youre also wrong you fucking idiot.
@@ThunderAppeal I was merely pointing out his grammatical error because he's probably too thick to see it himself. Maybe if he read and re-read my comment it would come to him. It wasn't meant for you...
@@tomk4t My apologies for being a ripe prick.
Not probably, but he is most certainly too thick to see it himself.
Besides his comment is 2 years old and you have to admit we are two dorks arguing on the internet.
Guy is nothing more than a big con. Calling him P.T Barnum was perfect.
I will release my tax returns before the election.
Mexico will pay for the wall.
✔ #1 Got that, no need to release those now.
⬜#2 (mumbling) Once it's up, it's up, maybe I can get a third term saying Mexico will pay to tear it down.
That is actually insulting .... to PT Barnum, Barnum was much smarter than Trump.
$3 billon dollars to the banks? Shit I can't imagine what this guy might do to our economy.
Andrew Taylor he's already devalued the dollar lowest value dollar this early in any presidency
Well, as of Aug, 2018 he has successfully added $2 Trillion to the US Debt. And the economic forecast is not good !! But, people seemed to think he'd be good as President.
Oh dear comment has not worked out very welll lol
yep
Update added 9 trillion in debt !
Even though today Trump is proving beyond doubt he’s the guy we knew he was, there still is 70 million that want more of it
Strange sort of projection, no?
I recall reading where Trump said that if you owe the bank $30,000 and can't pay it back, you are in trouble. When you owe the bank $3 billion and can't pay it - the bank is in trouble. I think this is how he will view the US debt if, God help us, he is elected.
KCFlyer2 it’s not like he can actually pay all of it off. No other president was good for the debt except jackson
He's nothing more than a BRAND.
I think now in 2020, taking his name off them would bring them back to life.
I lived over 40 years before realising that up to the point where trump started the run for president, I'd never hated anyone. But I do now. I'm not proud of it. But I do hate him.
A promoter, not a CEO. And for those on the receiving end of Trump's promises, half a loaf is better than none.
mojoman2001. 💩💩💩💩💩💩💩😵😵
Yup same personality we see today 2018. Personalities do not change.
'He was too big to fail'. As explained, he was so indebted they needed him as a figurehead, a messenger boy if you will. Pathetic.
The entire program is excellent. Highly recommended.
Not recommended because it's nothing but a piece of liberal media trash that does nothing but lie about Trump and twist stories to suit their narrative, all motivated by jealousy and hatred toward him.
@@VancouverTVGuy The only one twisting and coming up with stuff to fit their narrative is you making that claim to defend Trump from the truth that exposes him. Nice try.
@@VancouverTVGuy don't dare try and defend a notorious liar
@@nicoctane1669 - Wrong, kid - that's exactly what you yourself are doing as you defend the Democrats and their lying liberal media puppets (including Public BS).
@@lairdriver - And yet you defend the Democrats and their liberal media cheerleaders, who are themselves notorious liars - hypocrite much?
Here is a idea (the bankers think) Lets make him the President. Its like the movie " trading places" staring Eddy Murphy.. He will be under our little finger.
To think the guy that bankers believe did not take economics or accounting is now leading a depresión era economy
HOW'S MAN SUPPOSED FEED HIS KIDS ON ONLY $450K!?
This aged well! He’s a TOTAL LOSER!!😆
Trump needs to go
Guy who doesn't get basic macroeconomic theory is negotiating international trade agreements. Lol
you talk alot for a nobody
They should have let him languish and fail the way small contractors he cheated out of their revenue stream failed.
Understanding numbers has been a reoccurring problem.
Now you know who is pulling the strings.
Branding is everything. You could have 2 identical products but what differentiates them? It’s the brand name. Customers will always go with the brand that resonates with them the most. It took me 10 years from the age of 16 to figure that out. (since the day I started caring about entrepreneurship.)
Things us Atlantic City people knew. I grew up there. I was there before him and was still there after he left. And the city for years wanted him gone. My Dad worked at the Taj Mahal and he still laughs at how people thought Trump was a genuis.
Everything Trump touches withers and slowly dies..
Poor boy! Having to live on a $450,000 a month allowance. How could he possibly go on!
Hello! 2024 here to tell you he hasn't changed a bit!
Blame everyone else Trumpism.
$450,000 a month? I bet that really cramped his lifestyle. That shows what bankers think what's adequate. In the early 90's,$45,000 a month was fantastic.
For years and years, New Yorkers knew quite well how much of a con man he is. Thank God the New York AG and DA will finally put him where he belongs. The State Penn.
Worst man in the planet 2016 2017 2018 🥇
obama s legacy
tranagender isis and open borders nice
When everything is going your way, it's easy to see that you're right. When everything is not going your way, it's easy to see that you're wrong, even if you might be right.
I prefer businessman who don't need bailouts. This guy is a pathetic chump.
Surely even the most slow-witted have twigged. He is everywhere, every day. And that is his measure of success. Constant attention. What sits under the headline doesn't matter to him, as long as it is about him. I'm sure he'd prefer it to be adoration, but not even God is universally revered, and the Unindicted Co-Conspirator must surely know that he has done nothing but play a game of diminishing returns.
You could overlay his amateurish and delusional response to his bankruptcies then with his amateurish and delusional response to his election loss now. Incredible....he's learned nothing.
This country deserves what it gets.
Humpty Trumpty had a great fall and took all of the rest of us with him. SOS
Well, at least he’s consistent. A failure then, and a failure now.
After 8 years that started with 5.5% growth, 5 years at 4%, 1@3% & 1@2.75% - IT'S EASY to pour gas on and start a boom economy. Get someone to vote who didn't two years ago, do you have to elect a governor, a school board, bond issues, the sheriff, even judges, state Congress, US Congress and Senate, 65 Days, are they registered, where is their polling place, do they have early voting, absentee ballots, and if you didn't vote, you are the only one you need to motivate.
TallyHo - But he's President and you're not, which makes your claim wrong then and wrong now.
So with this film out there and readily available Trump still became president. Jesus Christ, America has gotten stupid.
People how can you be loyal to this guy? Are you like him ? Do you lie , cheat , act like a low life on a daily basis. If not why should you stand with him and back him up. Just saying
I think this is the documentary that was broadcast right after the election.. things might have been different if this had been broadcast before the election
His dad set him up and he lost it faster than anyone thought possible bankruptcy after bankruptcy and he can’t even read his lines that is why he goes off script he just can’t read it
only people in the back water believe this guy knows anything about numbers
That's the old saying. Borrow 200 thousand dollars, the bank owns you. Borrow 200 million, you own the bank.
I sat next to a gentleman at the high-limit Baccarat table and in less than an hour he lost a hundred grand. The only explanation for the Taj going under is mob skimming.
Wow look at the design of his Casino. Looks like St. Basil's Cathedral in Russia.
People understood the power of misrepresentation in sales..
As long as you never let them see you sweat, people buy into your bullshit..
Always blame everyone else for your failures and never look weak..
People, especially his supporters, are willing to risk this country and it suffering irreversible damage because they don't see themselves losing anything personally- downright irresponsible and they must not be allowed to vote Trump into a 2020 Presidency!
Trump: No one in America history has been treated so unfairly like me IN BUSINESS!
Trump voted out. Scared to leave Whitehouse.
As they say , if you owe the bank $ 3 million and default , you are in trouble . If you owe the bank $ 3 Billion and default , the bank is in trouble .
You all heard the first line there "We were in a deep recession."
USA should have seen this before voting for him .
And now he is being taken down at LAST!!!
To Trump/MAGA supporters, explain how this is fake or a plot to takedown your idol.
Whose hair is crazier Donald Trump or boris Johnson?😅
What piece of GARBAGE, he needs to be impeached NOW !
The would-be king.
HUGE MISTAKE.... should have let him CRASH & BURN
That is the problem, everybody sat back and coddle this man and he ends up as President.
It's easy to be rich when daddy gives you 450 million+ in inheritance (inflation-adjusted).
"He's a great businessman, he will shake up Washington. He'll run this country like a business. "
and drain the swamp. lol. I feel bad for his followers. What a false idol to look upto?
Caveat emptor, you know.
So your telling me he wasn't the great businessman. Like he says he was.
450,000.00 monthly allowance and he gets to keep bullshitting people. That's a banks idea of a bailout. What a crock of shit. They should have taken every hotel and casino and whatever else he owned and left him for dead. If I ever foreclose on my house I want a similar deal.
He has been delusional his entire life:Feeling bone spurs, imagining he made the Wharton Dean’s List, seeing Muslims celebrating in the street from his office (while he was supposedly at the collapsing World Trade Center towers) on 9/1/01. Seeing himself as a success
Seeing himself as a success and imagining a large crowd at his inauguration, thinking that he won the election without help from Putin, saying that he is working hard (hardly working), announcing that he has accomplished more than any other president-have all served to make him look foolish in the minds of those who are able to think for themselves. He has set progress back at least a decade, while expanding not only his waistline but the national debt and turning allies into those who snicker behind his back. The GOP will have to answer for much in the 2020 elections. With their current stonewalling catching up with them, I doubt if they will ever figure out what hit them.
The Truth will set you free...
GOD IS IN CONTROL!
You have been conned, bigly
"Too big to fail"! Um
Yeah, but he won the presidency for a reason. Liberals were getting too progressive, too anti-white, anti-tradition, too socialist for a lot of us. I held my nose voting for Hillary and can totally understand how Trump got elected.
Trump blaming others no! Right. This guy is done.
Never should have bailed him out. A total piece of crap.
Well they were told the truth. they were warned. But 4 years on and all America deserves is a very slow sarcastic hand clap 🤦♂️
The 'Promoter' got elected
Way to go Yanks. You did .. err ... errr... really shit.
GIF received a 2008 bailout....and just recently their female CEO announced the lay off of thousands of American workers...even though profits were up...as well as stock price! She announced the layoffs would allow them to prepare to be more competitive in the future!🙏
I do not get this at all. If the banks believed the trump name was so lucrative, why was everything failing?
Everything was failing because he lied about everything....just like he does now. Banks had so much money tied up in his lies they kept chasing their own bad loans in the hopes they could recover their losses. GREED WILL ALWAYS BITE YOU IN THE BUTT.
@@perfect1150 i get the failing part, but why did the banks think the trump name was still such a draw then?. They said rather than foreclose, the buildings were worth more with his name on it, thats what i dont get.
@@denisemarie7991 Why did the banks think the T**** name was such a draw......look at the history......people went there because of the name......but the name sure as hell didn't keep them there.........that's where the banks made a miscalculation. They forced him to sell his toys, put him on a $450,000 a month allowance so he would continue to promote the business. Reality is a closed business doesn't make money and the real assets (land, buildings, personal property) weren't worth what was owed. Trump is the Don King of real estate. The statement, "He was too big to fail" is all you need to hear.
Banks are like a bad gambler chasing their losses.....just keep going deeper and deeper in hopes of getting the big win. Besides when Trump gets prosecuted for over valuing his assets to get loans and under valuing them to avoid taxes it'll make more sense to everyone.
*I am an Independent who has persistently voted Liberal, usually further Left than the corporate media would like. I still have visceral hatred for Frontline softballing Bush for year 2000. PBS gets sh*t from me now.*
Yet you're here ... PBS did get something from you. A comment. Lame
@@epramos6800 Well, my Comment was more like Painting the sidewalk with "A Rapist Lives Here" with an arrow because it's true.
If you want to say that it "Helps" then I agree.
Good to see something come to fruition.
One can't access your videos unless they happen to have cable or satellite connection so in essence they most certainly are not "free".
Donald Trump is the Don King of entrepreneurship
P.T.Trump
Im in the development business, He was know as "the carnival barker" back then. Nothing more.
Amazing!!!! Trump is still going strong in 2021!!
*Once a loser ALWAYS a loser*
From pent house to cell house... MAGA up! 😂 🔥 🎥
The Bankers were Wilbur Ross, the Ceo of Rothchilds inc. Never forget, it was the Rothchilds that did that. Lol.
So basically, he’s been the same his entire life. No surprise.
Those who don't learn from history