Scams & Frauds
Revolution tower screwed
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Water leaks in the elevator shaft have caused major electrical problems at landmark building.
Bananama Republic (http://www.bananamarepublic.com/tag/trump-ocean-club/)
Water leaks in the elevator shaft have caused major electrical problems at landmark building.
Don't say we didn't warn you. Newland Properties, the developer of the embattled Trump Ocean Club in Panama - the most intensely hyped real estate project in the history of the country - is filing for Chapter 11 - and that is just one step from bankruptcy.
Trump Ocean Club faces plethora of legal demands related to delays, down payments gone missing and loss of value of their apartments - and they are already defaulting on their debt.
Isn't our indefatigable president just fucking sharp like a razor to see all those similarities and bring them to the table in France? How amazingly bright, no, to compare Panama with Dubai on a trip to Europe, which is very much exposed to Dubai's debt pile!
Trump Ocean Club goes the way of Greece, including bond debt restructuring, bank trouble, being downgraded and all the other fun that comes with the collapse of capitalism.
Want to see a fine mix of hypocrisy, xenophobia and narrow-mindedness at work? Look no further than Panama, a country where they've turned cooking sancocho from these ingredients into an art form.
The opening ceremony, sources insist, will feature Alberto Vallarino being lowered from a helicopter so that the tip of the building penetrates his ass. This day will then forever be a National Holiday in Panama, "Dia de la Estrella MarrĂ³n".