How's it going?

Storm Shelter
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Just remember he is the guy who bankrupted a casino for christ sake.

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No, sir - not “A” casino. “Casinos”

Major Casino-Related Bankruptcies

  1. Trump Taj Mahal (1991)
    Opened in 1990, the Taj Mahal quickly faced financial difficulties due to high-interest debt, leading to a Chapter 11 bankruptcy filing in 1991. citeturn0search2

  2. Trump Plaza Hotel (1992)
    This property filed for bankruptcy in 1992, resulting in Trump relinquishing a portion of his ownership to lenders. citeturn0search2

  3. Trump Castle (1992)
    Also known as Trump Marina, this casino underwent bankruptcy proceedings in the same year. citeturn0search1

  4. Trump Hotels & Casino Resorts (2004)
    The holding company for Trump’s casino interests filed for bankruptcy in 2004 to restructure approximately $1.8 billion in debt. citeturn0search2

  5. Trump Entertainment Resorts (2009)
    Formerly Trump Hotels & Casino Resorts, this entity filed for bankruptcy again in 2009 amid declining revenues. citeturn0search2

  6. Trump Entertainment Resorts (2014)
    The company filed for bankruptcy once more in 2014, leading to the closure of the Trump Plaza Hotel and Casino. citeturn0search4

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I know you guys will be outraged but it’s pretty clear the casino bankruptcies were a business strategy. But carry on in fantasy land.

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How could you ever be wrong when even the man’s failures are all part of a master plan?

A genius among geniuses here…

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I’m not saying he’s a genius for it. I’m saying it was most likely just part of his strategy.

He financed the casinos in junk bonds. It’s almost like he milked it and ran. You can say- hey that’s scummy…. Ok. Or you can say it was business and he executed on it.

1/3 of CEO’s go through at least 1 bankruptcy. I don’t really see how a chapter 11 really tells you anything about a person.

Companies and investors use them as a financial tool.

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Maybe people would say “scummy” business tactics say a lot about a person.

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1 bankruptcy could be used for restructuring but they still pay their debts.
6 times says more than enough that someone is abusing the system.

I don’t know why you believe in this man, but you are convinced he’s a genius. I believe he’s is a mass manipulator.

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So was it his master plan when his main business consultant told him not to build the Tahj because it would not work? He still did it. Was it his master plan to not pay his contractors who later sued him. Was it his master plan to have a University which was total fraud and was sued for it and lost. His plan is to screw people out of Money. That is what Trump does. Just because you want to see it another way is on you.

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This has to be one of the dumbest statements ever made.
A strategy that repeatedly leads to loss of control, layoffs, and massive investor losses isn’t exactly a badge of honor. Further, Trump lost ownership stakes, had to give up parts of his business to creditors, and defaulted on obligations. Junk bond financing with sky high interest rates wasn’t genius, it was reckless. If this was a strategy, it was one that hurt investors, cost jobs, and left Atlantic City worse off.
If you’re going to call that “savvy,” you’ve got to be okay admitting that he profited while everyone else lost. After his failures he was $900 million in personal debt, $3.5 billion in business debt and lost most of his assets.

You have a strange penchant for supporting the worst in mankind

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The Taj was open 25 years you fucking idiot…Seems like Trump won that argument.

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That’s a curious statement - in less than a year after opening, it filed for Chapter 11 bankruptcy in 1991. Trump gave up 50% ownership to bondholders in exchange for reduced debt, basically losing control a year after it was built. So, it stayed open, but wasn’t Trump’s beyond its first year.

If you call that winning, you’re weird.