Wabash wrote:Since none of his financial records are public we really have no idea of the levels of his success or failure.
Too bad you weren't a member of the lucky sperm club like Trump. You'd be **** in the tall cotton if you were.
1. Bankruptcies actually are a matter of public record.
6 Corporate Bankruptcies
Trump has filed Chapter 11 bankruptcy for his companies six times. Three of the casino bankruptcies came during the recession of the early 1990s and the Gulf War, both of which contributed to hard times in Atlantic City, New Jersey's gambling facilities. He also entered a Manhattan hotel and two casino holding companies into bankruptcy.
Chapter 11 bankruptcy allows companies to restructure or wipe away much of their debt to other companies, creditors, and shareholders while remaining in business but under the supervision of a bankruptcy court. Chapter 11 is often called "reorganization" because it allows the business to emerge from the process more efficient and on good terms with its creditors.
One point of clarification: Trump has never filed personal bankruptcy, only corporate bankruptcy related to his casinos in Atlantic City. “I have never gone bankrupt,” Trump has said.
Here is a look at the six Trump corporate bankruptcies. The details are a matter of public record and have been widely published by the news media and even discussed by the president himself.
3. Lincoln, Grant and McKinley also filed for bankruptcy. Obama renamed Mt McKinley Denali. For Trump's sake, he had better hope presidents who used bankruptcy are assassinated on an every other basis.