There’s an old saying that if I owe you $1000 and can’t repay, I have a problem. If I owe you $10 million and can’t repay, YOU have a problem.
I’m not endorsing Trump’s behavior, but in the past he’s shown a willingness to overextend his holdings using massive loaned money, then using that massive loaned money as leverage to negotiate better terms from the lenders.
The lenders end up with a choice: pennies on the dollar in a bankruptcy, or renegotiation of terms so they get a much larger amount of their loaned money back.
Depending on how you look at it, it’s either complete scumbag behavior, or great business accumen.
How do you think the Donald will handle the budget, deficit, etc??? Seems a lot of his businesses use OPM.
I have no idea how he will deal with the budget!!!