1. Trump's Taj Mahal Bankruptcy in 1991 was the first of his Chapter 11 filings. The Taj Mahal (which is now The Hard Rock Hotel and Casino ) is located in Atlantic City and cost Trump $675 million in junk bonds at a 14% interest rate for the finalization of construction. Within a year, the casino owed 3 billion and Trump personally was liable for $900 million, forcing him to negotiate a deal with his lenders in order to keep the business alive. To lower his own interest rate and receive more time to repay his loans Trump sold his 220-foot yacht and his Trump Shuttle Airline and agreed to a bank-set limit on his spending. As for the company’s debt, Trump surrendered 50% his ownership and equity in the casino to the bondholders in exchange for lower interest rates and more time. 2. Trump Plaza in 1992 was another casino-hotel owned by Donald Trump. This casino was also located in Atlantic City and begun struggling to keep its business after the opening of the Taj Mahal. It was $550 million in debt. The bankruptcy terms were negotiated by Trump in 1992 by “debt restructuring” with the creditors of the plaza where $250 million of the debt was exchanged with $200 million of bonds to get a lower interest rate with an additional $100 million of preferred stocks. Trump also lost 50% ownership. 3. Trump Castle in 1992 was the third casino-hotel owned by Trump and going bankrupt in the same year as Trump Plaza. All three casinos in Atlantic City were competing against each other and all going bankrupt. A deal was struck with the bondholders giving them 50% of ownership in exchange for reduced interest rates and elimination of $25 million of the debt. The total debt before the deal for the Castle was $338 million. The Trump Castle is now known as the Golden Nugget. 4. Trump Plaza Hotel in Manhattan overlooking Central Park was the third Chapter 11 bankruptcy filed by Trump in the year 1992. This renowned New York hotel was $550 million in debt when Trump attempted to sell off several parts of it as condominiums but was unsuccessful. Instead, the banks took over 49% of the estate and forgave $250 million of the debt along with a reduced interest rate. 5. Trump Hotels and Casinos Resorts was an entity that Donald Trump had combined the Taj Mahal, Trump Plaza, and Trump Castle under in 1995. However in 2004, the company once again filed for bankruptcy as it was $1.8 billion in debt. Trump’s ownership of the company and casinos was reduced from 47% to 27%. 6. Trump Entertainment Resorts (TER) was what became of the Trump Hotels and Casinos Resorts after the 2004 bankruptcy. TER went bankrupt as well in 2009 after being in debt $1.2 billion. After arguments over restructuring, Trump again lost ownership down to 10% and resigned as chairman of the board. Later he sued TER stating that the company was no longer representing his name at the highest level as he would have. This lawsuit became the last straw and caused TER to go bankrupt again and close its doors for good. Trump made up to $160 million from foreign countries as president: "Trump pulled in the most money from the United Kingdom, where his Aberdeen and Turnberry golf courses in Scotland helped him gross $58 million. Trump’s now-defunct hotel and tower in Vancouver helped him pull in $36.5 million from Canada. Trump brought in more than $24.4 million from Ireland, home to his often-visited Doonbeg golf course, as well as $9.6 million from India, and nearly $9.7 million from Indonesia. "Trump’s failure to divest from his businesses and his actions as president have resulted in more than 2,300 conflicts of interest between his administration and his personal financial interests, according to a report released this month by my organization, Citizens for Responsibility and Ethics in Washington. " Within the administration, CREW has recorded 643 visits to Trump properties from at least 253 Trump administration officials, including high-level White House staff, members of Trump’s Cabinet and individual agency employees. In addition, 94 members of Congress have made 193 visits to a Trump property. Forty-seven state officials, including 20 Republican governors, have made 64 visits to Trump properties, sometimes resulting in state taxpayer funds being spent there. Even the vice president has made a habit of patronizing the president’s businesses. Since its creation in 2017, Mike Pence’s political action committee has spent nearly a quarter of a million dollars at Trump properties, according to Federal Election Commission records maintained by ProPublica. During an official visit to Ireland this week, Pence and his entourage are staying at a golf resort owned by the president even though the resort, in Doonbeg, is several hours away from Dublin, where Pence’s official meetings are taking place.
What a resilient guy!! He should be an inspiration to us traders! Blew up his accounts 6 times and still didn't give up! And not only that he even became president!! And now he's about to become the president again!!
Kamalas achievements: Being assigned Border Czar -- nevertheless still having wide open borders! Result: +10 million illegal aliens in 4 years. Putting men in jail (and refusing parol), that later are being found innocent. Her answer on inflation is: We have price gauging. - If that is the case, dear Kamala, and you know about it... why don't you do something about it right now?! (truth is of course she does not know anything) Oil is being imported from Venezuela and other (dictatorial) countries, while the US has its own oil, but companies are forbidden to use it. Green New Deal: While the US has to obey strict & tough rules, its adversaries are able to use ANY old technology, without restrictions, to produce. In addition to slave-like low labor and no standards for its workforce. The left, woke lunatics truly think, that the US will heal from this kind of politics. Instead, the real opposite is happening, and it does not make me wonder any more.
Did you bet on his win, right now for every dollar you bet you will automatically win .37 cents!! Throw a $1000 to win a free cool $370 bucks!
I remember when Kamala told a group of people to fight like hell and storm the Capitol with the intent of intimidating Pence to commit treason.
Take the sum of all things bad about Trump and whatever you don't like about his personality... roll them all together... and they DON'T AMOUNT TO A PIMPLE ON AN ELEPHANT'S BUTT COMPARED TO THE ONE ISSUE THAT OVERSHADOWS EVERYTHING... IMMIGRATION!! Kamala and the Left are planning to admit even MORE immigrants. If that happens, America is TOAST! Trump says he'll deport the immigrants... America won't survive if that isn't done. That's the Bottom Line issue in this election. Therefore... If you have to "hold your nose" to vote for Trump, you must do so if you care about your future and that of your family and friends.
no like this Kamalas achievements: Being assigned Border Czar -- nevertheless still having wide open borders! Result: +10 million illegal aliens in 4 years. Putting men in jail (and refusing parol), that later are being found innocent. Her answer on inflation is: We have price gauging. - If that is the case, dear Kamala, and you know about it... why don't you do something about it right now?! (truth is of course she does not know anything) Oil is being imported from Venezuela and other (dictatorial) countries, while the US has its own oil, but companies are forbidden to use it. Green New Deal: While the US has to obey strict & tough rules, its adversaries are able to use ANY old technology, without restrictions, to produce. In addition to slave-like low labor and no standards for its workforce. The left, woke lunatics truly think, that the US will heal from this kind of politics. Instead, the real opposite is happening, and it does not make me wonder any more. btw at least trump had a business to bankrupt democrats are just bloodsuckers off taxpayers.