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  1. #1
    Senior Member Reputation points: 118256 ridextreme's Avatar
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    Quote Originally Posted by mcaguru View Post
    after looking into his past bankruptcies they always came after the Lenders allowed him to over-leverage and then drive him into bankruptcy!!!
    Trump never "drove into bankruptcy". You are letting the liberal media brainwash you.

    Trump NEVER filed for personal BK or ever went bankrupt. However, 3 of his casino's in Atlantic City filed for BK after Pennsylvania started to operate casino's which hurt not only Trump's businesses in AC, but All of them were negatively effected. The city itself is on the verge of a BK but this was not Trump's fault, it was due to new competition in neighboring Pennsylvania.
    Last edited by ridextreme; 03-15-2016 at 11:51 AM.

  2. #2
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    Trump may have had a lot of business duds but this guy is a consummate deal maker, relentless self promoter, risk taker and has balls the size of Atlantic City. He's on the verge of being the next President so he's doing something right.

  3. #3
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    Quote Originally Posted by ridextreme View Post
    Trump never "drove into bankruptcy". You are letting the liberal media brainwash you.

    Trump NEVER filed for personal BK or ever went bankrupt. However, 3 of his casino's in Atlantic City filed for BK after Pennsylvania started to operate casino's which hurt not only Trump's businesses in AC, but All of them were negatively effected. The city itself is on the verge of a BK but this was not Trump's fault, it was due to new competition in neighboring Pennsylvania.
    OK but many large companies close locations bottom-line is his casinos took on tremendous debt that he could not pay back and he tried to work out structures but as he said he was dealing with very bad people I.E. his lenders.
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  4. #4
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by mcaguru View Post
    OK but many large companies close locations bottom-line is his casinos took on tremendous debt that he could not pay back and he tried to work out structures but as he said he was dealing with very bad people I.E. his lenders.
    His Casinos took hits, the investors lost millions...and he made out with millions. Sub contracting work and consulting out to his own companies. Meanwhile all the other Casino stocks skyrocketed during the same time.

    Yeah, that's "winning"

  5. #5
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    Quote Originally Posted by ridextreme View Post
    Trump never "drove into bankruptcy". You are letting the liberal media brainwash you.

    Trump NEVER filed for personal BK or ever went bankrupt. However, 3 of his casino's in Atlantic City filed for BK after Pennsylvania started to operate casino's which hurt not only Trump's businesses in AC, but All of them were negatively effected. The city itself is on the verge of a BK but this was not Trump's fault, it was due to new competition in neighboring Pennsylvania.
    You actually don't have this right at all. He declared waaay before out of state gambling was an issue. And destroyed may local family owned businesses. He overleveraged and had to bail.



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