Trump sees bankruptcy as a competitive advantage

Bakersfield Bankrutpcy, Attorney, Lawyer, Attorneys, Lawyers, Taft, Lamont ^

[mnehring]

Before anyone thinks Trump is a fiscal Conservative, one should understand how he runs his businesses. He takes big risks but uses the government bankruptcy system to his advantage so he doesn't face the consequence of massive debt that doesn't reap a return.

[RockinRight]

Thanks for posting an article from nearly 7 years ago.

[mnehring]

I didn’t know history had an expiration date.

[E. Pluribus Unum]

Id GM had gone bankrupt instead of being bailed out by the taxpayers, they could have renegotiated their contract with the UAW and become a viable proposition.

As it is, they took billions of our dollars instead, and they are headed over the cliff once again.

[patlin]

It's not the 1st time this one has been posted around the freeper block in the last couple of weeks by Palin supporters who are livid about Donald's assertiveness. Too bad their gal isn't as assertive, she might gain momentum in the polls too. This isn't the establishment's America anymore. We the people are taking it back from them.

[Black_Shark]

Sounds like a smart man, using loopholes to his advantage. Besides, I would think that he would run a country a little different than a struggling business that he takes over.

[taxtruth]

Before anyone thinks Trump is a fiscal Conservative, one should understand how he runs his businesses. He takes big risks but uses the government bankruptcy system to his advantage so he doesn’t face the consequence of massive debt that doesn’t reap a return.

America should do the same thing and kick the federal no reserve out of the country and go back to a gold standard.This funny money game is OVER and the government knows we can never pay in the long run.

[RockinRight]

I suppose you never fly on any airline either...since just about all of them (except maybe SWA) have filed Chapter 11 at one point or another.

[screaminsunshine]

I agree. The USA should declare it and start over.

[taxtruth]

So very true!

[Tainan]

Like it or not...Trump is right.
Its tool of business. Doesn't mean you have to agree with it, but thats the way it works.
He would be shirking his fiduciary duty if he did not pursue the use of this tool (bankruptcy).

He doesn't hide it and he makes public comments about it. No deception

Again...Like it or not...Trump is right.

[RockinRight]

Trump insisted, as part of the restructuring efforts, to the investing of $55 million in cash of his own money.

Sounds like he was also willing to put his personal stake in there...

[bigbob]

I like both of them and have no problem with the article. Part of being smart is knowing how to take advantage of situations and opportunities. If someone doesn’t like how a person took advantage of a situation created by law, they need to take that up with the people who make laws, not the people who abide by them.

[RockinRight]

It’s not quite that easy. What do you think China would do?

[Georgia Girl 2]

That casino BK is old news. Trump is smart enough to get the bankers to lend him so much money that they cannot afford to let him go into BK. They always have to allow him to restructure on better terms. He is very shrewd.

[mnehring]

I don’t want an airline executive to be Commander in Chief of the United States Armed Forces either.

[RockinRight]

Too many well-intentioned Freepers do this a lot.

They know just a little too little about subjects like:

-banking/lending/finance
-business
-governing (NOT politicking)
-etc...

And make comments that show the true lack of understanding as to the reality of how something works.

[screaminsunshine]

T-Bill soup? I care less what China does. Screw em.

[RockinRight]

The country could use some of that negotiation power!

[tsowellfan]

Wow that’s an old article.