To: wardaddy
Trump is living proof of the axiom that if you owe the bank $100,000 the bank owns you; if you owe the bank $1 billion, you own the bank. A poorer man would have been bankrupt; the banks couldn't afford to let Trump go under. He did do one remarkably prescient deal; buying the Columbus Hotel on on what, 42nd Street at a very cheap rate when NYCity had hit rock bottom and turning it into a Hyatt just as Manhattan rebounded.
16 posted on
03/30/2004 5:24:26 PM PST by
laconic
To: laconic
yep!
I wish I "owned" a bank...lol...I deal mainly with small county banks and when I get over 10% of their loan portfolio...they cut me off. Prudent on their part.
28 posted on
03/30/2004 7:21:58 PM PST by
wardaddy
("We have surrendered our liberty to a black robed oligarchy")
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