Cruz is desperate ..... he contrived a scenario of a "poor put-upon woman victimized by Trump."
The widow/s conniving was so apparent. Trump offered her more and more money as he built his casino around her pigsty of a home. In the end the widow's scheme to blackmail Donald flopped.
Mrs Coking stubbornly refused the million dollar offer for her
pre-WW11 abode. Holding out allowed the casino to be built around
her property She figured she could extract even more money for the
postage-stamp size property.
Cruz should have mentioned that.
Trump/s offer was a whopping $1.9 mill----another Cruz stumble. She turned it down. Her son got her to come and live with him and they put it on the market for 5 mil. No buyers. It finally was auctioned off for back taxes and sold for half a million. That was the gross...not net.
The son's agenda was apparent, as well. The son thought he would make a killing since everything would eventually go to him. Tough luck, bud.
The fact remains Trump praised the Kelo decision and eminent domain.
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.
This is the difference between actual fact by direct ACTION and opponent supporters’ opinion hell-bent on demonize a man’s opinion about Kelo.
Trump offered way over what the ‘widow’ actually ended up getting. She chose to gamble - in a city known for gambling.