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Donald Trump's Casino Group Files Bankruptcy
Fox News ^ | February 17, 2009

Posted on 02/17/2009 4:07:08 AM PST by Zakeet

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This just sucks!

1 posted on 02/17/2009 4:07:08 AM PST by Zakeet
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To: Zakeet

He has been living a the edge for years. I won’t be sad to see him fall. Too bad we are all going with him. He does have greater distance to fall.


2 posted on 02/17/2009 4:09:17 AM PST by bmwcyle (The end is near and this time I mean it.)
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To: Zakeet
The filing marked the third appearance in bankruptcy court for Trump Entertainment, which most recently emerged from bankruptcy proceedings in 2005.

Why anyone would do business with this guy is beyond my comprehension.

3 posted on 02/17/2009 4:15:10 AM PST by dirtboy
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To: bmwcyle
Trump's been strutting around for years proclaiming what a superior businessman he is.With a asset to debt ratio of 1-to-10 he's been exposed as an amateur.
4 posted on 02/17/2009 4:19:49 AM PST by Farmer Dean (168 grains of instant conflict resolution)
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To: dirtboy

Some banker got a big fat fee and performance bonus.


5 posted on 02/17/2009 4:19:50 AM PST by pointsal
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To: Zakeet
He sucks... has always been a poser... always a millionaire on the back of others... now that back snapped... AGAIN!

LLS

6 posted on 02/17/2009 4:25:43 AM PST by LibLieSlayer (hussein will NEVER be my president... NEVER!)
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To: bmwcyle

I think it is for decades. This is his 3rd or 4th bk.

That he would be anyone’s business idol is ridiculous. Art of the Bannkruptcy is more like it.


7 posted on 02/17/2009 4:49:55 AM PST by 1010RD (First Do No Harm)
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To: 1010RD

Who keeps losing money when he files? The investers must have it to write off.


8 posted on 02/17/2009 4:54:01 AM PST by bmwcyle (The end is near and this time I mean it. Get right with JESUS NOW!)
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To: Zakeet

At least he didn’t beg for a Gov’t handout.


9 posted on 02/17/2009 4:54:46 AM PST by aclusux.com (visit my site at http://www.aclusux.com)
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To: aclusux.com

......At least he didn’t beg for a Gov’t handout.....

He didn’t need to beg. The capital loss on a corporate return is freely given.


10 posted on 02/17/2009 4:56:46 AM PST by bert (K.E. N.P. +12 . The original point of America was not to be Europe)
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To: bmwcyle

It must be a different bunch of saps every time. Who would fall for this over and over again?


11 posted on 02/17/2009 4:57:56 AM PST by 1010RD (First Do No Harm)
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To: Zakeet

You’re fired!


12 posted on 02/17/2009 5:04:48 AM PST by Red in Blue PA (If guns cause crime, then all of mine are defective.)
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To: aclusux.com

No, but he’s probably in line for a job in the Obama administration, in finance, Treasury, or the like. He’s just shown his qualifications (again).


13 posted on 02/17/2009 5:10:37 AM PST by Mad Dawg (Oh Mary, conceived without sin, pray for us who have recourse to thee.)
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To: dirtboy

For 2 decades, whatever annual profit there is, Trump pays himself a management fee and confiscates it. He makes even more money stiffing people in bankruptcy then he does when he’s busy bleeding the company dry year after year. One of the dirtiest, sleaziest businessmen the US has ever known.


14 posted on 02/17/2009 5:40:49 AM PST by T. Jefferson (Batton down the hatches, full speed in reverse)
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To: Zakeet

Trump walked away because there is isn’t anything in it for him to stay.


15 posted on 02/17/2009 5:44:07 AM PST by Loyal Buckeye
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To: Zakeet

How far the mighty have fallen. One wonder’s if he thinks it was all worth it?


16 posted on 02/17/2009 6:30:16 AM PST by Citizen Tom Paine (Swift as the wind; Calmly majestic as a forest; Steady as the mountains.)
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To: Zakeet
Photobucket HE'S SO BROKE HE HAS TO DO HIS OWN HAIR NOW.
17 posted on 02/17/2009 7:31:48 AM PST by RetSignman (DEMSM: "If you tell a big enough lie, frequently enough, it becomes the truth")
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To: 1010RD

He could always start a new “Apprentince” show...Welfare Apprentice? Just a thought in case he lurks here.


18 posted on 02/17/2009 7:39:32 AM PST by azishot (I just joined the NRA.)
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To: Zakeet
Don't worry. No one will have to hold a tag day for Trump.

His empire consists of large and small corporations, businesses and holdings that are doing well. Others of his ventures will tank in this economy.

He just declares bankruptcy on the one or ones that are kaput and the investors and stockholders are left holding the back while he moves on.

The man is no dummy and I'm sure his personal fortune is well-protected both here and abroad.

Leni

19 posted on 02/17/2009 7:39:47 AM PST by MinuteGal
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To: MinuteGal

bttt


20 posted on 02/17/2009 8:29:32 AM PST by MinuteGal
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