If you have ever run a business or ever tried to start a business the following article I think is unfair in the way it talks about this business. However, it is true this business failed. But, what they fail to mention is that business owners learn a lot more from their failures than they ever do from their successes. So, it can be said that all successful people have to fail a lot before they can succeed. So, in this sense ANY business is a gamble from start to finish. But, in the end, "Nothing ventured nothing gained". So, anyone who succeeds at any business has to take risks or there is no chance of succeeding at all.

 

Even what Trump is doing now running for President is a form of entrepreneurship on his part and actually should be considered to be that in the first place. 

 

To me, the question has to be: "What are his motives for wanting to be president?" and "Where will he take this country?" and do we want such a narcissist as President of the United States or one who takes offense so easily? Do we want someone who appeals only to the paranoia in people? And who asks them to be violent to champion his cause? Whatever that cause might be? I have listened to him and still can't completely figure out what he plans to do if he becomes president? And this is a problem in itself.

Where is your plan Mr. Trump. I have heard enough platitudes to make the masses "FEEL Good" like new lovers promise each other the moon. However, where is your plan?

 

 

 

 

 

 

Election 2016: Your money, your vote

Trump Mortgage...in 2 minutes

by Kathryn Vasel   @KathrynVasel March 14, 2016: 11:39 AM ET

This Trump business failed in less than 2 years

In 2006, there were already warning signs that the housing market was in trouble.

But that didn't deter Donald Trump from getting into the mortgage business.

Trump Mortgage, LLC launched in spring 2006.
But the company didn't last long.
Related: Trump University controversy ... in 2 minutes
Now, Trump, who frequently touts his business acumen on the campaign trail, is catching some flak for the failed venture.
Here's what you need to know:
1. The timing was poor.
Though the bursting of the housing bubble wasn't completely apparent yet, home prices were starting to fall in early 2006.
In 2007, the bottom fell out when home owners started defaulting on shoddy loans and real estate prices came crashing down. Foreclosures spiked, mortgage lenders and banks crumbled and lending dried up. Not an easy environment for a new mortgage business to break into.
The company described itself as the "strongest and safest residential and commercial mortgage company in the industry," on an archived version of its website.
2. Trump wasn't too concerned.
Despite the warning signs, Trump was still upbeat about the real estate market.
During an April 2006 interview on CNBC, Trump said he thought it was "a great time to start a mortgage company," according to a transcript of the interview.
"I've been hearing about this bubble for so many years from you and everybody else in your world, but I haven't seen it. I will let you know when I see it."
He also said during the interview that the company was "swamped" with customers seeking out financing and that "the real estate market is going to be very strong for a long time to come."
Sadly, it wasn't.

An archived webpage of TrumpMortgage.com from Wayback Machine.

3. It wasn't actually lending money.
Trump Mortgage launched as a mortgage broker, which means it helped facilitate loans between borrowers and lenders, but didn't actually lend any money to homebuyers.
But that could've been the next step. The Wall Street Journal reported that Trump was considering starting a mortgage bank.
Job postings on an archived TrumpMortgage.com page showed the company was looking to hire a mortgage originator and a loan processor. Both positions required knowledge of different loan types, including subprime and government-backed loans.
4. The CEO's qualifications raised some eyebrows
E.J. Ridings was tapped to run Trump Mortgage, but his business credentials raised some red flags.
A 2006 report by Money Magazine claimed Ridings made "false or misleading claims" about his professional background. The article called into question his claims of being a top Wall Street executive and his experience in the mortgage world.
5. The plan was to educate consumers
The company claimed to be all about transparency and aimed to educate borrowers to help them understand their loan options.
The company's mission said that "trust" is an important part of the process.
"The Trump Mortgage Team is dedicated to making sure that every loan, every client, receives nothing less than the full Trump experience -- integrity, honesty, safety, guidance and exceptional personal service," the website read.
6. It didn't last long
Trump Mortgage closed in 2007, less than two years after it opened.
News reports cited that the company failed to hit financial targets, and Trump placed some of the blame on his executives.
Trump distanced himself from the company, reportedly saying he didn't want to get overly involved in the mortgage business.
7. Trump's campaign downplays his role
In April 2006, Trump took the stage at the company's press launch at Trump Towers. He said the company was going to be very successful, according to the New York Times.
Today, Trump's presidential campaign calls the failed business a "tiny deal."
"[That] was a tiny deal that Mr. Trump looked at, but never ultimately moved forward with because Mr. Trump decided he didn't want to be in this business foreseeing the market crash," Trump campaign spokeswoman Hope Hicks told CNNMoney via email.
When asked for further clarification, Hicks repeated that the company was "just a look."
"Mr. Trump has over 500 companies. This was just a look, but he decided he didn't like the market."

CNNMoney (New York) First published March 14, 2016: 11:39 AM ET

 

 end quote from:

• Trump Mortgage ... in 2 minutes