Facebook Notes, March 19, 2019

The NY Times takes a granular look at Donald Trump's finances.

He's not the first president who turns out to be "all hat, no cattle."

In 2003, a Deutsche Bank team led by Richard Byrne — a former casino-industry analyst who had known Mr. Trump since the 1980s — was hired to sell bonds on behalf of Trump Hotels & Casino Resorts. Bank officials escorted Mr. Trump to meet institutional investors in New York and Boston, according to an executive who attended.

“Mr. Trump told Deutsche Bank his net worth was about $3 billion, but when bank employees reviewed his finances, they concluded he was worth about $788 million, according to documents produced during a lawsuit”https://t.co/WCujdjyG0O via ⁦@nytimes⁩

— John Harwood (@JohnJHarwood) March 19, 2019

The so-called roadshow seemed to go well. At every stop, Mr. Trump was greeted by large audiences of fund managers, executives and lower-level employees eager to see the famous mogul. The problem, as a Deutsche Bank executive would explain to Mr. Trump, was that few of them were willing to entrust money to him.
Mr. Trump requested an audience with the bank’s bond salesmen.
According to a Deutsche Bank executive who heard the remarks, Mr. Trump gave a pep talk. “Fellas, I know this isn’t the easiest thing you’ve had to sell,” the executive recalled Mr. Trump saying. “But if you get this done, you’ll all be my guests at Mar-a-Lago,” his private club in Palm Beach, Fla.
The sales team managed to sell hundreds of millions of dollars worth of bonds. Mr. Trump was pleased with the results when a Deutsche Bank executive called, according to a person who heard the conversation.
“Don’t forget what you promised our guys,” the executive reminded him.
Mr. Trump said he did not remember and that he doubted the salesmen actually expected to be taken to Mar-a-Lago.
“That’s all they’ve talked about the past week,” the executive replied.
Mr. Trump ultimately flew about 15 salesmen to Florida on his Boeing 727. They spent a weekend golfing with Mr. Trump, two participants said.
A year later, in 2004, Trump Hotels & Casino Resorts defaulted on the bonds. Deutsche Bank’s clients suffered steep losses. This arm of the investment-banking division stopped doing business with Mr. Trump.

Details at YouTube.https://t.co/XEZGCQuRe0 https://t.co/GnhJndJ0HU

— John Ballard (@Hootsbudy) March 19, 2019

It’s not insignificant that Warren tweeted this clip out on her own account. https://t.co/tdVSqJV2JV

— Jack Jenkins (@jackmjenkins) March 19, 2019

I was excited about the new landmark on the West Side until I saw this...

For the record, this is my Congressman.
I rarely bother to contact him.
It strikes me as a lost cause. 

Did I mention Amy Klobuchar kicks ass?

Links for future note...

Here’s what one leader of primary care physicians said about the new software @DeptVetAffairs is developing to determine eligibility for its controversial medical private care plan:

“I will instruct every one of my PCPs not to do this.” https://t.co/XIUYYrnJfr

— ProPublica (@ProPublica) March 19, 2019

...and this NPR report may be related...

I'm not posting this Tweet on Facebook because I don't want to give it any more oxygen. This note is for future reference.
Here is the president of the United States.

Warning: This is beyond sick. I knew better, but I had to hear it myself.

There are lies that are awful, then there is this. https://t.co/ivwG2IFQVa 

— Tim Wold (@TimWold) March 19, 2019

After reading this link about Beto I had to post a screencap to Facebook.