“One of Trumps businesses going broke is not the same as Trump going broke. ....”
I know, that’s the problem. Trump’s creditors had to pay.
There’s something wrong with the system when a billionaire gets to stick it to his creditors. This is far different from investing in stocks.
They are not creditors they are investors as is Trump. If an business goes belly up the investors sell wht they can to recoup loses. Since Trump was an investor, Trump also lost part of his investment. Nobody screwed anyone over, not all businesses succeed. Trump suscess to failure rate is probably one of the best ever. Hundreds of successes verses four failures. Very impressive. Turning a 1 million dollar loan into 10 billion is quite a feat.
Inaccurate. Trump's creditors had to accept renegotiated terms. If you think that large-scale, business-to-business bankers making $ multi-million business investments went without food or clothing because of this, you are naive.
One of the main reasons for the business restructuring was to preserve the jobs of the many employees and little people by keeping the business running. He could have folded it and simply worked out a different deal with the lenders.
Face it, you don't like Trump, and are desperate to post a smoking gun. But your actual knowledge of finance is outclassed and outstipped. Posting financial opinion is not your strong suit. So stop trying to be Woodward and Bernstein here, and just focus on why you do like your candidate and why you want what he represents, and you'll feel better.