Post Profile






Donald Trump went crying to Congress for a very special tax break

In 1990, Donald Trump opened the biggest casino in Atlantic City. In 1991, that casino filed for bankruptcy. Lots of the debt Donald Trump had personally guaranteed in his completely unworkable attempt to operate three competing casinos in the same small city, and to finance his casino with high interest junk bonds, fell back on his shoulders. So he did what any big businessman in America would do—he went crying to Congress.
read more

share
See more about: Atlantic City

Related Posts


A 1990s mugging and the roots of Donald Trump’s hardline criminal justice views

News : Yahoo! News: The Upshot

Donald Trump waves to staff members of the Trump Taj Mahal Casino Resort as they cheer him on before the grand opening ceremonies in Atlantic City, N.J., in April 1990. In 1991, Donald Trump’s mother was walking to a nearby bakery i...

Trump empire back in bankruptcy as two NJ casinos file

News : The Newsroom

(Reuters) - Trump Entertainment Resorts Inc, which operates two casinos in Atlantic City, joined the list of casino operators in New Jersey that have filed for bankruptcy. Trump Entertainment operates the Trump Taj Mahal Casino Reso...

Questions About Donald Trump’s Business Practices

US Politics / Liberal : Alan Colmes' Liberaland

Michael Isikoff looked into Donald Trump’s business practices and the view isn’t always pretty. Trump hotels and casinos in Atlantic City have filed for bankruptcy protection three times. While Trump blamed market forces, he has lon...

Trump Drowned Atlantic City Casinos In Debt

US Politics / Liberal : Alan Colmes' Liberaland

Far from the brilliant businessman he portrays himself, The Donald has a history of debt and bankruptcies along with bitter memories of those he did business with in Atlantic City. The real story of Trump’s rise and fall in Atlantic...

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

US Politics / Liberal : Daily Kos

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. T...

Comments


Copyright © 2016 Regator, LLC