Posted on 10/03/2016 5:23:13 AM PDT by orchestra
Though there are still four years to go in the 90's, business and government leaders in New York honored Donald J. Trump yesterday for pulling off what they called "the comeback of the decade."
Mr. Trump, the developer who came to epitomize opulent wealth during the 80's before tumbling into deep financial trouble, has managed to erase much of his debt and is moving ahead with major projects at a time other developers are idling.
Judging from the attention showered on him yesterday at the Union League Club, some of New York's civic and business leaders are quite captivated by Mr. Trump, despite the financial uncertainties that still surround some of his properties.
But the operative word at the luncheon was comeback, though Mr. Trump might dispute that he ever went far away. William D. Fugazy, the limousine magnate and chairman of the Forum Club, the group of business and civic leaders that sponsored the luncheon, presented Mr. Trump with a boomerang encased in glass. "You throw it and it always comes back," he said as he handed it over.
In a flattering speech, Lieut. Gov. Betsy McCaughey called Mr. Trump "the comeback kid." Charles A. Gargano, who as chairman of the Empire State Development Corporation is himself considered one of the new powers of the state, joked about a Perot-Trump presidential ticket. "He would be the most loved Vice President since Spiro T. Agnew," he said. Mr. Gargano, who heads the state's economic development efforts, added, "Thank you for your tax dollars."
After the collapse of the real estate market of the 1980's, Mr. Trump's company was left holding some $8.8 billion in debt, causing his personal net worth to drop to a low of about $1 billion in the red by 1991.
(Excerpt) Read more at nytimes.com ...
Published: October 25, 1995
Singing a different tune then-
The Times knew this was a bad year for Trump. Somehow they made sure to get that years tax return. If not then why didn’t they get 1999 or 2007 or whatever? Why isn’t this article front and center of the news?
I believe that is the point; this looks to be an attempt to force DT to release his returns to "prove" he pays taxes.
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