People often cite Trump bankrupting a casino as evidence that he's not good at business, but that's misleading. He actually bankrupted four casinos - ThreadSky

thorbenson.bsky.social • 1 day ago

People often cite Trump bankrupting a casino as evidence that he's not good at business, but that's misleading. He actually bankrupted four casinos

Comments

kanetewaa.bsky.social•1 day ago

Now he is set to bankrupt the thing that prints the money

hotdogfungus.bsky.social•1 day ago

art of the deal: how to buy and bankrupt casinos then get elected president to dodge your creditors.

rozrk.bsky.social•1 day ago

Begs the question. If someone succeeds at something, or gets away unscathed when they fail but makes a profit anyway, and leaves carnage behind, is it really a sign of “good” business. Trump cares for Himself. 2. His woman, and his chattel children, 3. His money 4. His army of rebels

215poundsonthemoon.bsky.social•1 day ago

"Four casinos" is a Trump lie. It was actually six... and Hillary was right, as usual.

Link: https://www.washingtonpost.com/politics/2016/live-updates/general-election/real-time-fact-checking-and-analysis-of-the-first-presidential-debate/fact-check-has-trump-declared-bankruptcy-four-or-six-times/

timw1956.bsky.social•1 day ago

Trump also was the cause of the USFL shutting down in 1986.

cpjones.bsky.social•1 day ago

I really feel like this is the thing that shows he's a terrible businessman more than the bankrupt casinos

doremusjessup.bsky.social•1 day ago

Six if you also count hotels

kitykatz.bsky.social•1 day ago

The phrase "the house always wins" exists for a reason, and casinos are generally seen as good money-makers.

Trump filed four separate casino-related bankruptcies within two decades.

One might be bad luck, multiple bankruptcies suggest bad management. Let's hope he doesn't bankrupt America.

tinpottop.bsky.social•1 day ago

*he laundered money though four casinos, just like he's laundering money through illegitimate government and private sources now.

But yes, you're more concise.

reader80.bsky.social•1 day ago

This. He bankrupted the casinos so that he could get richer. The investors are the chumps.

tinpottop.bsky.social•1 day ago

I think it was a mix. Primary investors turned illegal funds into legal funds. Wannabe investors were the chumps.

Either way, he came out ahead.

ejofive.bsky.social•2 hours ago

Everything Trump touches dies.

roddyceramics.bsky.social•1 day ago

was shocked that trump steaks™️ didn’t work out

jamieosborn.bsky.social•1 day ago

He was playing 4D chess though. You forget that.

augustadsays.bsky.social•1 day ago

four?
I am in the dark, please tell me more and where does his airline fit in?

dan-murphy.bsky.social•1 day ago

If you include hotel/ casinos, it's actually SIX bankruptcies. Unparalleled in the history of hospitality stupidity.
https://www.google.com/search?q=how+many+casinos+did+trump+bankrupt&sca_esv=0acf367a45d96c2b&sxsrf=AHTn8zrIY1lKYrAzGl6ho7q4e7L_qwNJpw%3A1743854366689&source=hp&ei=HhvxZ4zNJ6a69u8Px6ic8A0&oq=how+many+casinos+did+trump+bankrupt&gs_lp=EhFtb2JpbGUtZ3dzLXdpei1ocCIjaG93IG1hbnkgY2FzaW5vcyBkaWQgdHJ1bXAgYmFua3J1cHRIv_ABUKYOWNrkAXABeACQAQCYAdYBoAH3LaoBBjAuMzEuNLgBA8gBAPgBAZgCHKAC8ieoAg_CAgcQIxgnGOoCwgIKECMY8AUYJxjqAsICBxAuGCcY6gLCAgoQIxiABBgnGIoFwgIEECMYJ8ICCxAuGIAEGJECGIoFwgIREC4YgAQYkQIYxwEYigUYrwHCAgoQABiABBhDGIoFwgILEC4YgAQY0QMYxwHCAgUQABiABMICCxAAGIAEGJECGIoFwgIFEC4YgATCAggQLhiABBjUApgDJPEFjtS-dbXNonCSBwYxLjIxLjagB96wAbIHBjAuMjEuNrgHzic&sclient=mobile-gws-wiz-hp

americaninlisbon.bsky.social•1 day ago

I'm not really sure you can blame him. The Russian mob's beak can get quite dry and wetting it must have been quite expensive.

davekasspr.bsky.social•1 day ago

and destroyed the city in which they existed

didioguzu.bsky.social•1 day ago

😂😂😂

chrisgustafson.bsky.social•1 day ago

Stealing this

meshugaas.bsky.social•1 day ago

It is easy to bankrupt a casino if you aggressively skim the profits and launder the money. Then right off the loses to not only avoid paying taxes but get a refund. Worked so well he did it four times.

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