Ted’s wife makes a lot of money, so there is no reason the bank would be concerned that they would get paid back. Anyone with a brain can figure out that if Ted ever leaves public service, he’d make at least a million per year as an appellate lawyer. His services would be in high demand all across the country. If there was ever a low risk loan, this would be it.
Same can’t be said for Trump’s bankruptcies. Dis he pay back all his creditors? The answer is a big NO.
Ted’s wife makes a lot of money, so there is no reason the bank would be concerned that they would get paid back.
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At the time Ted was making even more money as a law partner.
Buying a business that’s failing, taking it into bankruptcy to restructure, building it back up (keeping and creating jobs) and selling it for a profit used to be what risk/reward capitalism was all about.