Quote:
Originally Posted by Rochard
Donald Trump is the smartest man in the world.
His business model is beautiful. He borrows large sums of money from people to build something - a casino, a business tower - and then charges that same group millions to manage it. If whatever he builds fails, he still gets paid. His casino in Atlantic City has been in bankruptcy THREE TIMES and yet he still made millions from it.
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that's not his biz model at all and the one you describe is hardly elegant. borrowing cash and issuing junk bonds and other flimsy financial instruments to raise money then have the debt so crushing it creates multiple bankruptcies is bullshit. that's like calling snake oil beautiful
and in fact, trump hasn't been associated with Trump Properties for ~a decade so the multi-bankruptcies and trump still got paid is nonsense.