HEY Tea Baggers, know how good of a businessman Trump is? He sucks at it!

[DainBramaged]

He's been bankrupt FOUR times in 20 years. And you want this clown carrying your flag? Of course you do you're all one-issue bigots, that's all.


For legendary tycoons, Donald Trump tops the list, but how many times has Donald Trump filed for bankruptcy? The 90’s recession wasn’t picky about who it affected. Donald Trump felt the pinch as well. His decision to use high interest bonds to finance the assembly of the Taj Mahal casino caused life to get very stressful for the tycoon.

In 1991, unable to pay a $3.5 billion loan, he declared business bankruptcy. He also came close to filing personal ruin. At the time, his personal debt was estimated to be around $900 million. Due to the bankruptcy, banks and bondholders lost millions. They came to a compromise with Donald Trump. The banks gave him lower interest rates and a longer time frame to repay the debt and Donald Trump gave the investors half the ownership of the Taj Mahal. In mere months the casino was back in business.


Not even a year later, Trump Plaza Hotel folded and Donald had to declare bankruptcy. Again, he worked out a deal where he’d give up 49 percent of the hotel to Citibank and the other lenders and he’d get more time to pay the loan back. It took him two years to repay most of his debt with many sacrifices. He had to give up the Trump Shuttle.

The bankruptcy saga didn’t stop there. In 2004, Donald filed for bankruptcy protection and restructured his debt. He reduced his ownership of Trump Hotels & Casino Resorts to 27 percent and gave bondholders stocks to help lower his debt and then stepped down as CEO. In 2005, things settled down and Trump Hotels & Casino Resorts came out of bankruptcy with a new name, Trump Entertainment Resort Holdings.

Unfortunately the reemergence didn’t last long. On February 17th 2009, Donald Trump filed for Chapter 11 bankruptcy with a debt ratio of $50 million in assets to his $500 million in debt. This filing made the third bankruptcy for Trump Enterprises.

http://www.mademan.com/mm/how-many-times-has-donald-trump-filed-bankruptcy.html

[Drale]

1. I can't figure out why banks keep giving him financing

They have to have lost billions on him by now.

[nebenaube]

6. and for peons, bankruptcy is no longer an option... n/t

[proud2BlibKansan]

2. I can't get past the hair

I realize that's immature of me. :)

But damn, with all that money, he can't afford a decent stylist?

[DainBramaged]

3. He is a clown, and the media loves clowns......Beck was a perfect example

until he went crazy.

[nebenaube]

5. he's bald on top... not much you can do with it. n/t

[proud2BlibKansan]

7. I'd start with a better toupe

[mrcheerful]

4. The wing nuts have this odd love affair with failed business people

4 years ago they tried running Dick DeVoss of scamway fame for Michigans Governor, who was such a failure that his daddy had to step in and fire him as CEO of a pyramid scam because he ran it into the ground. Then there was the monkey boy Chimp who couldn't even run a oil company without running it into the ground so he then tried running a baseball team and failed doing that, so the nit wits decided that was a sign of real leadership. Why is anyone surprised that the nit wits admire Trump, he fits in with all of the other failures they love so much.

[felix_numinous]

8. RW prefer a nitwit puppet to fascinate/ distract/piss off

the public, while the dirty deals are going on in the back room. It is a very simple ploy, but we cannot afford to fall for it again.

[GreenStormCloud]

9. Don't forget his multiple trophy wives. Great family values - NOT. N/T

[DainBramaged]

10. YUP, forgot. What a scumbag.(his first two wives)