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Politics : Politics for Conservatives

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To: prometheus1976 who wrote (69575)2/23/2016 10:24:08 PM
From: greenspirit  Read Replies (2) of 124724
 
Reports say Trump was given upward of 100 million dollars by his father as an inheritance, he was also given a large business to run. Since Trump has never released any objective data one way or the other on his inheritance, we only have reports to go on.

Yes, Casino's in Atlantic City did go broke. Here's Trump's bankruptcy record there.

1991 - Trump Taj Mahal (with $1 billion in debt).
1992 - Trump Plaza Hotel (with $550 million in debt).
2004 - Trump Hotels and Casino Resorts, filed for Chapter 11 bankruptcy protection (with $1.8 billion of debt).
2009 - Trump Entertainment Resorts, filed for Chapter 11 bankruptcy protection (with $1.74 billion of debt).

When you start with 100 million, are given a company worth millions and subtract billions in debt via bankruptcy, it's not a record I would claim labels him a business genius. His only genius was being born with a silver spoon in his mouth and a line of lawyers a mile long to keep the spoon full of bankers money.

The rest of your post is opinion and conjecture. Who knows, you may be right, but it's certainly not something that you can claim "I make things up about".
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