Tuesday, May 10, 2016

Donald Trump’s bankruptcy dodge: This is how lawyers and regulators helped him fudge solvency and avoid collapse

Donald Trump’s bankruptcy dodge: This is how lawyers and regulators helped him fudge solvency and avoid collapse

"Today Trump shrugs off the four bankruptcies, saying it’s a standard business tactic to restructure debt. But back in 1990 he was as afraid of that word as he is today of taking another tough question from Hugh Hewitt or Megyn Kelly. And but for government saving Trump by taking his side against his bankers, his business would have been tied up in years of litigation and we almost certainly would not be imagining the prospect of Donald Trump living at 1600 Pennsylvania Avenue. Because Trump would have been sunk beneath a sea of red ink."