Trump Spent $1 Million Per Week on Himself While Stiffing Builders

National Review ^ | March 8, 2016 | Celina Durgin

[reaganaut1]

What is Donald Trump’s art of deal-making? Failing to uphold his end of the bargain.

In 1990, while Trump was dropping $1 million every week on his homes, yacht, private jet, and other personal expenses, he had defrauded contractors and construction workers by upwards of $60 million. His struggling casinos, airline, and real-estate holdings couldn’t simultaneously maintain his lifestyle and pay hired workers, so he chose to keep the former and cheat the latter.

Trump owed a team of construction firms and suppliers payments for their work on his Taj Mahal hotel and casino, which were nearly bankrupt. (Trump himself was about $3 billion in debt to banks and junk bond holders.) Marty Rosenberg, then–vice president of Atlantic Plate Glass, said Trump owed his company about $1.5 million in late payments for a glass job on the hotel. S. A. Miller writes in the Washington Times,

Mr. Rosenberg, who was vice president of Atlantic Plate Glass at the time, helped form a committee of construction firms and suppliers stiffed by Mr. Trump. He then served as a member of the so-called Group of Seven leading the committee’s negotiations that resulted in the contractors getting partial payments.

Atlantic Plate Glass lost about $450,000 in the settlement, said Mr. Rosenberg, adding that his personal finances took a hit because of his minority stockholder stake in the firm, and that the company struggled but overcame the loss.

Others fared worse, he said, including smaller businesses that didn’t survive.

[cowboyway]

I hope I detect sarcasm

Yes. Lots of it.

greed and power consume people who think it is an “art” to get the “deal” done at any cost

New York values.

[Bidimus1]

Oh that is just so precious I guess pictures of yourself in middle school count as substitutive argument in Trump World