Editor's Blog0 min ago
Why We Must Treat Trump With Respect
Food for thought? The complete article copied and pasted below.
Answers
Best Answer
No best answer has yet been selected by naomi24. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.It's simply not true that Trump hasn't suffered financially due to his Bankruptcies:
He funded the construction of the $1 billion Trump Taj Mahal casino in Atlantic City, N.J., which opened in 1990, primarily with junk bonds at a whopping 14 percent interest. A year later, the casino was nearly $3 billion in debt, while Trump had racked up nearly $900 million in personal liabilities
In March 1992, the Castle filed a prepackaged bankruptcy plan, and Trump gave up his 50 percent share in the casino for lower interest rates on $338 million worth of bonds.
In December 1992, Trump relinquished a 49 percent stake in the Plaza to a total of six lenders, according to ABC News. Trump remained the hotel’s CEO, but it was merely a gesture; he didn’t earn a salary and had no say in the hotel’s day-to-day operations, according to the New York Times.
more here:
http:// www.pol itifact .com/tr uth-o-m eter/st atement s/2016/ jun/21/ hillary -clinto n/yep-d onald-t rumps-c ompanie s-have- declare d-bankr upt/
He funded the construction of the $1 billion Trump Taj Mahal casino in Atlantic City, N.J., which opened in 1990, primarily with junk bonds at a whopping 14 percent interest. A year later, the casino was nearly $3 billion in debt, while Trump had racked up nearly $900 million in personal liabilities
In March 1992, the Castle filed a prepackaged bankruptcy plan, and Trump gave up his 50 percent share in the casino for lower interest rates on $338 million worth of bonds.
In December 1992, Trump relinquished a 49 percent stake in the Plaza to a total of six lenders, according to ABC News. Trump remained the hotel’s CEO, but it was merely a gesture; he didn’t earn a salary and had no say in the hotel’s day-to-day operations, according to the New York Times.
more here:
http://
Islay, // it is pretty sickening that he trumps on about what a great business man he his but he has folded and filed for several of his businesses!! That is why I will never respect the letchy man that he is! //
If that were the sole reason you will never respect him you wouldn't have referred to him as a "letchy man".
If that were the sole reason you will never respect him you wouldn't have referred to him as a "letchy man".
Related Questions
Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.