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Politics : Politics for Conservatives
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To: prometheus1976 who wrote (69575)2/24/2016 8:23:42 AM
From: Brumar89  Read Replies (2) of 124746
 
Trump made a big mistake going into Atlantic City. It nearly busted him.

.... In the early 1990s, as two of his casinos went bankrupt and his Trump Airlines failed, he went to his siblings for loans totaling $30 million.

As reported in The New York Times, this money allowed Trump to stay in business at a time when he was $900 million in the red. It was lent with the understanding that, if necessary, Donald would repay it from his share of his father's estate. (Fred was alive but affected by the early stages of Alzheimer's dementia at the time.)

Complex as it may seem here, the history of Donald Trump's finances has always been murky. Over the years most of his activities have been carried out in privately held companies, which issue no public accounting reports, and he has always contested estimates appearing in the financial press.
.....
cnn.com
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