20 May 2016 12:14 pm
This is the economic genius who decided that the spring of 2006 would be the perfect time to introduce Trump Mortgage LLC.Trump Repeatedly Told Trump U There Was No Bubble Months Before Housing Collapse
Just months before the U.S. housing market started to crash, beginning the downward spiral that sent the globe on the road to the massive 2008 financial crisis,
Donald Trump was advising Trump University students that he didn’t think there was a bubble in the real estate market.
The comments from Trump in an October 2006 audiobook were one of numerous times Trump said through Trump University that he didn’t think there was a housing bubble.
In another Trump University audiobook released earlier that year, Trump said to take talk of real estate bubble talk with a “pinch of salt.”
And, in an September 2005 blog post Trump, said to dismiss predictions of a housing collapse as “doom and gloom.”
That's how he operates.“I think it’s a great time to start a mortgage company,” Trump told a CNBC interviewer in April 2006, adding that “the real estate market is going to be very strong for a long time to come.”
Within 18 months, as the experts’ worst fears began to pan out and home prices began to dip, Trump Mortgage closed, leaving some bills unpaid and a spotty sales record that fell short of Trump’s lofty predictions.
Trump distanced himself from the firm’s demise, saying at the time that he had not been involved in the company’s management and that its executives had performed poorly.
https://www.washingtonpost.com/politics ... story.html
He promotes his companies, then when they fail, he shifts the blame to others and walks away leaving a trail of unpaid bills.
In 2015 the serial liar said that he actually predicted the bubble.
From the above link:
