fun fact about President Businessman: he didn't just bankrupt *a* casino. He bankrupted *multiple* casinos. www.thoughtco.com/donald-trump... - ThreadSky

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tomtomorrow.bsky.social • 11 days ago

fun fact about President Businessman: he didn't just bankrupt *a* casino. He bankrupted *multiple* casinos.

https://www.thoughtco.com/donald-trump-business-bankruptcies-4152019

Comments

shanzival.bsky.social•11 days ago

Iirc in one case the casino was doing well until a helicopter crash killed the executives/board and Trump decided to take it over himself

blaisefaint.bsky.social•11 days ago

When he owned a casino, he bought a nearby casino to compete with HIMSELF!

kayjay8080.bsky.social•11 days ago

pitusa.bsky.social•11 days ago

He’s bringing that expertise to bankrupting the USA as his crowning achievement.

cosmiclobster.bsky.social•11 days ago

He was all pissed off because Nevada wouldn't let him open a casino because of his ties to organized crime. So we went to Atlantic City and bought 3 casinos right before the market crashed, and he lost all three within the first year or two. He sure showed Nevada!!! LOL

jacklint.bsky.social•11 days ago

The banks thought he was a good risk.

One key fact is he lost little/nothing. He lost other people's money

oldarmy327.bsky.social•10 days ago

I've read the bankruptcies were due to malfeasance rather than incompetence...

1) Load up on debt
2) Extract cash
3) Oopsie, can't pay you back

Haven't dug to get truth, but seems believable.

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