theformerlyrich

posts about #theformerlyrich more →
The Trumps Lose Yooge
Cox-ucking Recession Rox The Box
Ruth Madoff's 1BR Fixer-Upper
The Three Stages of Madoff Victimhood
New York Lived the Dream. Now, the Nightmare
Jobless Men Are Brutes
Everything Bad Happens Today
Five New Careers For Former Bankers
Gold-Digging Shrews Whine About Banker Mates
Fashion Meets Finance, Is Bored

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Swifter
11/18/09

In reply to The Trumps Lose Yooge
You gotta be a real tool to go broke running a casino. It's a license to coin money.
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mimigoliath
11/18/09

In reply to The Trumps Lose Yooge
For real: Donald Trump Jr. recently agreed to be a "celebrity spokesperson" for my shitty company. I would reveal the name of the company, but that would cost me my unemployment if they fired me. All I'll say is that if you were to search for it, you'd see the word "scam" quite a bit. It's embarassing, but I can't afford to quit.
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TubOfTaft
11/18/09

@mimigoliath: Let me guess, one of those Acai Berry companies?
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mimigoliath
11/18/09

@TubOfTaft: Ha! No, much scammier. I really wish I could reveal it.

#tips
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Dave J.
11/18/09

@mimigoliath: Aspray?
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shostakobitch
11/18/09

@mimigoliath: Condos in Baja?
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Fuzzy Dunlop
11/18/09

In reply to The Trumps Lose Yooge
People who impugn Trump's business credentials are ridiculous. To put it simply, if a man owns 100 companies, 90 of which are doing well and 10 of which fail, he is doing pretty damn well for himself. Yet every time one of Trump's business ventures goes under, people like Rosie O'Donnell think it means that he is personally bankrupt. Um, no.
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Hamilton Nolan
11/18/09

@Fuzzy Dunlop: "People who impugn Trump's business credentials are ridiculous."

That is ridiculous.
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Fuzzy Dunlop
11/18/09

@Hamilton Nolan: OK, sentence one of my post may have been hyperbole. But what about sentences two and three? Do you disagree that, overall, Trump continues to do very well for himself? Your post made it sound like the casinos are the be-all and end-all of his business holdings.
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large orange
11/18/09

@Fuzzy Dunlop: the successes that Trump has had (chiefly the Apprentice and getting paid to put his name on buildings he didn't own or build) have always been from his celebrity, not his business success. Basically, his business plan from the start was:

1. Do the sort of thing business guys do: buy and sell things.
2. Promote myself as someone with amazing super business talents.
3. ???
4. Profit!!

It turns out (3) is "People are gullible and will believe (2), which means I can sell my name."
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Fuzzy Dunlop
11/18/09

@large orange: It's true that he didn't build/develop many of the properties with his name on them, but that's not the case for all of them. In any event, according to Wikipedia (which can never be wrong), Forbes valued his personal wealth at $3 billion. So there's something to his business plan, whatever it is. I don't think its fair to simply tar the guy as a high-class Spencer Pratt.
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large orange
11/18/09

@Fuzzy Dunlop: Everyone would agree that Daddy Trump is successful if "successful" means "making a lot of money." (Which it does!)

I think the reason he chaps so many people's asses is that his success is based on his self-marketing as a business genius. Which he is not, except in the very limited field of self-marketing.

People who like Trump say "hey, if that's what it takes to play the game and win." People who dislike him say "he's still a wildly deceptive guy who exaggerates his own accomplishments in order to take money from people who want to be rich like he is."

Both are correct!
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charliebabbles
11/18/09

@Fuzzy Dunlop: "Do you disagree that, overall, Trump continues to do very well for himself?"

No, I don't disagree with that. And it goes right to the heart of my problem with him. He does well, but everyone else gets screwed, especially his investors.
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BookishLookish
11/18/09

In reply to The Trumps Lose Yooge
Trump has always been smoke and mirrors and hair spray, and now with Ivanka joining, you can add a bit of silicone to the equation.
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smithhimself
11/18/09

@BookishLookish:

Correct as always, Bookish. The standard M.O. is that he packages a deal and adds his name. But this doesn't mean that he owns controlling interest. He ACTS like the does and many journalists accept this as fact because -- well, because he has a TV show.
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Juancho
11/18/09

@BookishLookish: me-ow, I was just going to say bronzer.
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BadUncle
11/18/09

In reply to The Trumps Lose Yooge
How much does he make from Apprentice? Maybe this is becoming the tide that floats his boat, like "ship builder" George Steinbrenner's acquisition of a ball club.
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jodru
11/18/09

@BadUncle: Haven't you heard? The Donald's selling vitamins now, Amway style!

Don't miss the opportunity to sign up 5 other people to sell Donald's vitamins underneath you so you can earn off their sales!

[www.trumpnetwork.com]
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BadUncle
11/18/09

@jodru: Coupled with a colonic-cleansing franchise, the Trump brand could really move some product.
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AliHajiSheik
11/18/09

@jodru: how do you swallow a vitamin embossed with the word Trump in 10 foot tall bronze letters?
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momof3wildkids
11/18/09

@AliHajiSheik: You choke it down, just like Melania does.
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Uncle_Billy_Slumming
11/18/09

@momof3wildkids: roflmaobagaflobj
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ligmasagbatch
07/20/09

In reply to Cox-ucking Recession Rox The Box
Ever since I read about that performer firing a farmer's blow into a patron's drink and the patron drinking it, I get a sick feeling when I read anything about The Box. If it's gonna be that kind of party, I'm looking for the mashed potatoes.
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maevemealone
07/20/09

@ligmasagbatch: The show I saw there a few weeks ago was Rose Wood doing a scat play act that involved a toilet and drinking from a plunger after smearing him/herself in shit. It's one show you don't want front row seats for.
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NigelAstydameia
07/20/09

In reply to Cox-ucking Recession Rox The Box
Sign of the times: "I used to work at The Box. Now I live in one."
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depardoo
07/20/09

In reply to Cox-ucking Recession Rox The Box
Next time, try douching.
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kneetoe
07/20/09

In reply to Cox-ucking Recession Rox The Box
When you get there and there's a chastity belt locking the doors you'll know The Box is no longer open for business.
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BookishLookish
07/20/09

@kneetoe: I'll promote this. Knee, please choose an avatar so they can give you a star. They just go hand in hand.
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Thatcornellguy
07/09/09

In reply to Ruth Madoff's 1BR Fixer-Upper
Awww...she's living the just-out-of-college grad's life with a small apartment in a nice part of town to be safe, except mommy and daddy aren't going to be giving the landlord the rent check every month. this is precious.

and this will probably be my life in one year. now im crying.
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NewsFlashGordon
07/09/09

In reply to Ruth Madoff's 1BR Fixer-Upper
"many closets" = two closets?

By New York real estate math, I now have many dollars in my bank account. Huzzah!
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Mama Penguino
07/09/09

In reply to Ruth Madoff's 1BR Fixer-Upper
I swear I'm not being purposefully naive. Do grown folks really live like this? That is, would a person over the age of 21 actually move into a place like this and call it home for more than a few weeks?
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irishflyesq
07/09/09

@Mama Penguino: Yes, and in NY we call it luxury.
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1.1.1.
07/09/09

@irishflyesq:

A friend of mine who lives outside of NYC is still kicking himself for not buying a $90K pied à terre (read: broom closet) 20 years ago. Such a bargain.
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Proofer3
07/09/09

@Mama Penguino: I think perhaps you are being purposefully naive. In many places in the world, this flat would house 6 people. In many places in NEW YORK, this flat would house six people.
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TabithaIapetus
07/09/09

In reply to Ruth Madoff's 1BR Fixer-Upper
Wow. That's what $465k buys in NYC? I am so glad I live in the hinterlands. Of course we don't have Broadway... but I have seen some naked cowboys.
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Xylo
07/09/09

In reply to Ruth Madoff's 1BR Fixer-Upper
Are those the only windows in the whole place?! Even my little Toronto rental has windows, windows, everywhere; south and west-facing.
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depardoo
07/09/09

In reply to Ruth Madoff's 1BR Fixer-Upper
Curiously no picture of the bedroom. 481 sf sounds more like a studio.
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DorothyMantooth
07/09/09

@depardoo: It IS a studio! Look, no door to the "sleeping area." And hey, 481 square feet is actually a pretty big studio. Way to live the dream, Ruthie!
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