Why did Donald Trump keep going bankrupt in the 1980′s?
I was too young back then to be aware of politics, but when my mom heard that Trump was considering a run for president, that was her first comment – “Donald Trump – the bankruptcy king???”
So what’s the story behind Trump’s many bankruptcies?
Reaganomics killed the Trumpster
He filed bankruptcy on some of his casinos and actually ended up making more money than before.
just about every successful person sits on top of mountains of failures.
I don’t know, but when I know he’s running for sure I’ll do some research. he seems to be doing well now. great comeback if you ask me. you gotta respect that.
To make an omelet you have to break a few eggs.
Real estate development is a boom and bust business.
he made TOO MANY deals…
the sign of success is failing and getting back up on your feet and trying again. Trump is a HUGE SUCCESS and could out deal anyone of you liberals ..>He would eat your lunch in a debate too.
Too much nose candy and bling to buy those eastern european prostitutes he keeps marrying.
He is a terrible businessman. He has failed at every thing he has ever attempted. He even lost money in a casino. What the tea baggers don’t realize is that GE, parent company of MSNBC signs Donalds pay checks these days. He is there to be a distraction and keep the birthers busy.
Because of his conservative fiscal responsibility.
as in life…you live and you learn
Trump thinks that filing for bankruptcy is part of good business practices. With that type of mind set who could ever possibly vote for him? Isn’t that exactly what Conservatives claim Obama is doing?
LOL
I’m sure he is worried as he counts his billions now.
he took risks and they were bad. he himself did not go bankrupt but the businesses he owned or partly owned did. that and all that palimony and alimony would sink just about any business man.
By investing in things he didn’t own & couldn’t control. Just like the United States is something he doesn’t own & wouldn’t be able to control. Being the President of the United States would be completely different than Running a Business. You can’t Fire Elected Officials & those who have been approved by the Senate or Congress. If he doesn’t like a Governor, Senator, a Member of Congress, or a Supreme Court Justice, He can’t get his little gavel & say, “You’re Fired”. That’s not the way the U.S. Government works. Too many people think that when you run for the President of the United States of America that you are running for the Dictator of the World lol. As a President of the United States of America he would have far less influence on the United States of America & the rest of the World than he has influence over the Companies he is in charge of. If he got that, & understood it he would not even consider running for President of the U.S. And if American Citizens got that & understood it, no one would seriously consider voting for him.
he went bankrupt twice in the early 1990′s because of the recession. He borrowed money to build, at high interest rates to build hotels and casinos. The recession left him unable to pay his loans, and he had to file for bankruptcy.