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Originally Posted by crucifissio
Actually his father was rich, and more importantly he had connections <-----huge huge advantage
trump "got rich" by being a puppet son, his father even bailed out his casino-s by buying chips and not cashing them in...
what you said about trump using illegal imigrants and fucking over everybody he could is true...its just that he did not get rich, he got born rich...
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Then he went bankrupt and was only saved because he was too big to fail. Even his claimed wealth isn't as big as people think. He's in debt up to his neck and should he hurt the 1% who stay at his hotels and buy his expensive goods. He goes broke.
And he was the first
"Too big to fail." In fact he has said that if you borrow a lot, the debt becomes the banks problems.
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In order to avoid having to file for bankruptcy, Trump met with four of his major lenders: Citibank, Bankers Trust, Chase Manhattan Bank and Manufacturers Hanover, and told the banks that if they foreclosed on his properties they, too, would lose tremendous amounts of money. By his own lights, Trump was too big to fail. In the end, he convinced the banks to loan him an additional $65 million, which he'd use to keep his businesses afloat. The banks also agreed to defer, for five years, the interest and principal payments on Trump's outstanding loans. As Trump would say, â??â??It came out that the banks really liked me a lot and they respected me and they respected what I had done.â??â??
Read more: How Donald Trump Survived Near Bankruptcy | Investopedia How Donald Trump Survived Near Bankruptcy | Investopedia
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Sound familiar?