COMMENTS:
* I think that the picture of Donald Trump, at the top of the article, says it all.
* I smell rotting fish... Will America take out its trash?
* So the Donald says junk bonds make the company junk but has no problem using it. Sounds like what Ted Cruz said about Obamacare and then end up enrolling in it. The far right hypocrisy never ceases to amazed me!
* Okay, Carnival Barker, I don't like you. You're a liar. You're a cheat. You've filed bankruptcy four (4) times. You hate service men and women who are captured and don't think they are heroes because they are captured. You've received four (4) deferments to prevent from going to Vietnam. You've cheated on two wives. You've had three wives. Now, you want to do your daughter. You discriminate against every race except the White race. You've got the #$%$ and the skinheads in your corner. You've filed over 100 lawsuits. You're thin-skinned. You're a hateful ugly person. I could say more. You stink, Carnival Barker. Now, come on and sue me.
* He's a blowhard, an egomaniac, & a liar. Totally unfit to be President. He treats these events that left investors holding the bag for the hundreds of millions he was defaulting on as if they never happened. What an idiot. He always seems to have to correct something he said the day after he says it. Can't imagine why!!! He's a joke. What's truly said is so many people are totally ignorant to his business mismanagement & lies. He's not as smart as he thinks he is, but just likes to hear himself talk.
* Typical trump. If it attacks him, he sues.
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Donald Trump Threatens to Sue Washington Post
By Joe Otterson, January 19, 2016
Donald Trump may be looking to get litigious with the Washington Post after the newspaper published an article detailing the bankruptcy of the billionaire presidential candidate’s Atlantic City casino.
When asked to discuss the details of the Taj Mahal’s failure in the early ’90s, Trump said, “This was not personal. This was a corporate deal. If you write this one, I’m suing you.”
The Washington Post article lays out how Trump ended up using junk bonds to raise the money necessary to buy the casino in the late 1980’s, despite criticizing such bonds during regulatory hearings.
“I’m talking about banking institutions, not these junk bonds, which are ridiculous,” Trump testified in 1988. “The funny thing with junk bonds is that junk bonds [are] what really made the companies junk.”
The Trump Taj Mahal opened its doors in April 1990, but went bankrupt in July 1991 after failing to pay back interest payments to bondholders. However, Trump told the Post he would make the same move again in the same circumstances.
“I didn’t want to have any personal liability, so I used junk bonds,” he said. “I accept the blame for that, but I would do it again.”
The article goes on to point out that Trump, despite distancing himself from his failed casino, was intimately involved from day one. He owned a 100 percent stake in the Taj Mahal, but was forced to sell off half of his share when things began to falter.
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