Now Harvard lawyer Cruz should have specified.... these were not "personal bankruptcies." These were debt-restructuring moves.
Trump did not file for bankruptcy and get to walk away scot-free. Restructuring debt means Trump still had to repay the money.....at even higher interest rates....b/c banks don't do these restructuring deals to be nice.
More importantly, there's a question as to whether bankruptcy was even Trump's idea---one ex-Trump exec's book recalled Trump's corporate team sometimes overruled him....to make him do things he did not want to do.
First and foremost, Trump's A/C bankruptcy benefitted banks. A Trump loan gave banks little or no risk; banks lent Trump so much money, they were literally in business w/ him. If he went down, they went down.
So restructuring the debt benefitted banks, and repayment commenced at even higher rates.
For a Harvard lawyer w/ two Ivy League degrees, Cruz is amazingly stupid about simple contract law.
Cruz is the smartest guy in America... Have you not read? /heavy sarcasm
You sure got that one down pat, Liz. Let me know when you’re tired of shooting fish in a barrel.
Please remember — these are our FRiends. They are hurting. Even if they win Iowa, they are supporting one excellent conservative underdog who will march barefoot from state to state on political broken glass. If Cruz wins at this point — more power to him!
Trump and Cruz are big boys. Unless a new shocker comes up our current research and debates fade in importance each day here-on-out. They are in the driver seat now.
I promised to focus less on the primary.
But King — what a smear!
And the timing?
Suspicious.
Why did King wait so long to ‘come out’ and villify Jerry Falwell Jr?
King’s endorsement of CRuz was paid for by amnesty supporting PAC $$.
Someone who “knows things” said so.
See how that works? Just sayin’.
And, I used to have a lot of respect for King. He’s reminding me a lot of that other Rep King. Hmmmm.
Funny to see the CRuz campaign and operatives lefty tactics being used and levels they are sinking to.
I was hoping to find some truth behind all the emotional smoke screens and things are much clearer now.