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Donald Trump's bankruptcy was great for him, a disaster for everyone else

Donald Trump didn’t just decide to go into the Atlantic City casino business. He jumped in. Big league. Trump opened two competing casinos in the small, beach-front city and was still determined to have the largest casino in town. To get there, he picked up a third casino in the form of the half-finished Taj Mahal. … Donald Trump had to convince this commission that he could raise enough money at a low enough interest rate to make this ambitious project feasible.
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