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Politics : A Hard Look At Donald Trump

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Thehammer
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From: Brumar892/27/2016 12:30:15 PM
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Trump's 4 bankruptcies - 1991, 1992, 2004, 2009

As part of each bankruptcy, Trump had to give up some or all of his equity and/or he lost his authority to make day to day decisions.

Trump has declared bankruptcy for his Trump Taj Mahal, Trump Plaza Hotel and Casino, Trump Hotels and Casino Resorts, and Trump Entertainment Resorts.

In each case, Trump over-leveraged the property with high yield junk bonds. People who knew the Trump name and trusted him lost big.

On a positive note, he’s been bankruptcy-free for six years
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