How Trump bankrupted the Taj Mahal Casino... not once but twice

[OscarLevant]

Donald Trump claims to have considerable business acumen but the record says otherwise. This is one example of six bankruptcies our president has filed over the years. Now businesses don't often go bankrupt right away, but put a incompetent leader at the helm and it will happen sooner or later. just as America seems to be doing good, but underneath it is hemorrhaging, his tax plan granting the wealthy more and more riches and the middle class A few crumbs and many have less disposable income then they did before Trump not to mention the tariffs are causing Farmers bankruptcy and there are suicides, if America continues on its current trajectory of extreme deficits it will spell disaster.

Bloomberg once said of Trump, "Trump wants to run America like he runs his businesses, God help us". Unlike Trump who is probably a fake billionaire Bloomberg has an estimated 50 billion in assets.

How Trump bankrupted the Taj Mahal - Business Insider

 

[AliHajiSheik]

Donald Trump claims to have considerable business acumen but the record says otherwise. This is one example of six bankruptcies our president has filed over the years. Now businesses don't often go bankrupt right away, but put a incompetent leader at the helm and it will happen sooner or later. just as America seems to be doing good, but underneath it is hemorrhaging, his tax plan granting the wealthy more and more riches and the middle class A few crumbs and many have less disposable income then they did before Trump not to mention the tariffs are causing Farmers bankruptcy and there are suicides, if America continues on its current trajectory of extreme deficits it will spell disaster.

Bloomberg once said of Trump, "Trump wants to run America like he runs his businesses, God help us". Unlike Trump who is probably a fake billionaire Bloomberg has an estimated 50 billion in assets.

How Trump bankrupted the Taj Mahal - Business Insider

What a poorly written article, and a post that has nothing to do with the content of the article.

Why not just post your own opinion and leave the article out of it?

 

[ocean515]

Donald Trump claims to have considerable business acumen but the record says otherwise. This is one example of six bankruptcies our president has filed over the years. Now businesses don't often go bankrupt right away, but put a incompetent leader at the helm and it will happen sooner or later. just as America seems to be doing good, but underneath it is hemorrhaging, his tax plan granting the wealthy more and more riches and the middle class A few crumbs and many have less disposable income then they did before Trump not to mention the tariffs are causing Farmers bankruptcy and there are suicides, if America continues on its current trajectory of extreme deficits it will spell disaster.

Bloomberg once said of Trump, "Trump wants to run America like he runs his businesses, God help us". Unlike Trump who is probably a fake billionaire Bloomberg has an estimated 50 billion in assets.

How Trump bankrupted the Taj Mahal - Business Insider

More Trump TDS on display from the left's MSM outlets.

Tell us, what else happened in Atlantic City? Was the Taj Mahal the only Casino to go bankrupt?

Click bait for the well trained audience.

 

[HumblePi]

Donald Trump claims to have considerable business acumen but the record says otherwise. This is one example of six bankruptcies our president has filed over the years. Now businesses don't often go bankrupt right away, but put a incompetent leader at the helm and it will happen sooner or later. just as America seems to be doing good, but underneath it is hemorrhaging, his tax plan granting the wealthy more and more riches and the middle class A few crumbs and many have less disposable income then they did before Trump not to mention the tariffs are causing Farmers bankruptcy and there are suicides, if America continues on its current trajectory of extreme deficits it will spell disaster.

Bloomberg once said of Trump, "Trump wants to run America like he runs his businesses, God help us". Unlike Trump who is probably a fake billionaire Bloomberg has an estimated 50 billion in assets.

How Trump bankrupted the Taj Mahal - Business Insider

It's funny because I saw Donald Trump at the Taj Mahal in Atlantic City in the late 1990's. He was descending the main lobby escalator with the same 'look at me' expression as he had at Trump Tower with Melania when he confirmed his candidacy. I stayed in the Taj Mahal hotel a few times. Initially, it was 'the place' to be since it was the newest and grandest on the boardwalk. It was opened as the Taj Mahal between 1990 and 2016. Trump boasted that it was the "Eighth Wonder of the World!" when he opened it.

The last time we stayed overnight at the Taj was in 2011. The rooms were dingy, the bedding was old, stinky and dirty, it was totally creepy and we felt like we were staying in a $20 motel along a back highway somewhere.

On the day it closed, Trump himself no longer owned anything more than the name attached to the Taj. In its last days, the casino was controlled by the financier Carl Icahn. The Taj opened in April 1990 and had financial problems almost immediately.

Trump financed it with junk bonds and could not cover their payments with profits from the gaming operations. On four of the Taj's first 16 days of operation, its bank account contained less than $0, with deficits as deep as $1.7 million, according to a New Jersey Division of Gaming Enforcement report from 1990.

The state approved a $65 million bailout in 1990 because of fears that closing it would cripple the Atlantic City economy. The Taj filed for bankruptcy the next year, allowing it to shed hundreds of millions in debt. It was the first of four trips through bankruptcy court for Trump's casino operations.

 

[less right]

More Trump TDS on display from the left's MSM outlets.

Tell us, what else happened in Atlantic City? Was the Taj Mahal the only Casino to go bankrupt?

Click bait for the well trained audience.

Five of Trump's six corporate bankruptcies were in the gaming industry.

1991 - Trump Taj Mahal
1992 – Trump Castle Hotel & Casino
1992 – Trump Plaza Casino
2004 – Trump Hotels & Casino Resorts (which came out of bankruptcy under a new name, "Trump Entertainment Resorts")
2009 – Trump Entertainment Resorts

Trump should stay out of the gaming biz.

 

[Torus34]

Five of Trump's six corporate bankruptcies were in the gaming industry.

1991 - Trump Taj Mahal
1992 – Trump Castle Hotel & Casino
1992 – Trump Plaza Casino
2004 – Trump Hotels & Casino Resorts (which came out of bankruptcy under a new name, "Trump Entertainment Resorts")
2009 – Trump Entertainment Resorts

Trump should stay out of the gaming biz.

He's apparently trying to get back into the entertainment business. Looks like he's fixing to star in a new rip-off show called, 'Are You Smarter Than A 16 Year Old?' The trailer leaves little doubt that the contest winner is as yet undecided.

 

[less right]

He's apparently trying to get back into the entertainment business. Looks like he's fixing to star in a new rip-off show called, 'Are You Smarter Than A 16 Year Old?' The trailer leaves little doubt that the contest winner is as yet undecided.

I hope he's planning on retiring and hosting the show himself.

 

[calamity]

Donald Trump claims to have considerable business acumen but the record says otherwise. This is one example of six bankruptcies our president has filed over the years. Now businesses don't often go bankrupt right away, but put a incompetent leader at the helm and it will happen sooner or later. just as America seems to be doing good, but underneath it is hemorrhaging, his tax plan granting the wealthy more and more riches and the middle class A few crumbs and many have less disposable income then they did before Trump not to mention the tariffs are causing Farmers bankruptcy and there are suicides, if America continues on its current trajectory of extreme deficits it will spell disaster.

Bloomberg once said of Trump, "Trump wants to run America like he runs his businesses, God help us". Unlike Trump who is probably a fake billionaire Bloomberg has an estimated 50 billion in assets.

How Trump bankrupted the Taj Mahal - Business Insider

THe man is a moron. We all knew it, even his supporters.

 

[ocean515]

Five of Trump's six corporate bankruptcies were in the gaming industry.

1991 - Trump Taj Mahal
1992 – Trump Castle Hotel & Casino
1992 – Trump Plaza Casino
2004 – Trump Hotels & Casino Resorts (which came out of bankruptcy under a new name, "Trump Entertainment Resorts")
2009 – Trump Entertainment Resorts

Trump should stay out of the gaming biz.

I'll ask the question again and add a key word to see if you're willing to answer the question.

What happened to the economics in Atlantic City?

 

[chuckiechan]

Five of Trump's six corporate bankruptcies were in the gaming industry.

1991 - Trump Taj Mahal
1992 – Trump Castle Hotel & Casino
1992 – Trump Plaza Casino
2004 – Trump Hotels & Casino Resorts (which came out of bankruptcy under a new name, "Trump Entertainment Resorts")
2009 – Trump Entertainment Resorts

Trump should stay out of the gaming biz.

You forgot to insert the time line when New Jersey legalized gambling. That’s what killed A.C.

 

[less right]

I'll ask the question again and add a key word to see if you're willing to answer the question.

What happened to the economics in Atlantic City?

The economics were bad. But Trump stuck around and filed 4 more bankruptcies.

 

[less right]

You forgot to insert the time line when New Jersey legalized gambling.

That's your job if you think it's important.

 

[CaughtInThe]

Anybody else wonder if Donald Trump is purposely manipulating the markets with his comments after tipping off his family and friends? All he has to do is say 1 or 2 things and the market will rush one way or the other. Like if he announces that a China deal is close the market just takes off.

I think a whole lot of research on insider trading will be done for this entire era of DC politicians.

 

[ocean515]

The economics were bad. But Trump stuck around and filed 4 more bankruptcies.

He might be faulted for staying with the city longer than he should have, but why is he to be attacked for trying to keep things going, and all the people he could employed?

Was President Trump himself responsible for the economic collapse of Atlantic City?

 

[Rexedgar]

He might be faulted for staying with the city longer than he should have, but why is he to be attacked for trying to keep things going, and all the people he could employed?

Was President Trump himself responsible for the economic collapse of Atlantic City?

He has always worried about the little people.

 

[less right]

He might be faulted for staying with the city longer than he should have, but why is he to be attacked for trying to keep things going, and all the people he could employed?

Was President Trump himself responsible for the economic collapse of Atlantic City?

Did I blame Trump for Atlantic City's problems?

I just pointed out his record and opined he should stay out of the gambling industry.

 

[ocean515]

Did I blame Trump for Atlantic City's problems?

I just pointed out his record and opined he should stay out of the gambling industry.

The gambling industry can be very lucrative. Who predicted the collapse of Atlantic City?

 

[Grim17]

Donald Trump claims to have considerable business acumen but the record says otherwise. This is one example of six bankruptcies our president has filed over the years. Now businesses don't often go bankrupt right away, but put a incompetent leader at the helm and it will happen sooner or later. just as America seems to be doing good, but underneath it is hemorrhaging, his tax plan granting the wealthy more and more riches and the middle class A few crumbs and many have less disposable income then they did before Trump not to mention the tariffs are causing Farmers bankruptcy and there are suicides, if America continues on its current trajectory of extreme deficits it will spell disaster.

Bloomberg once said of Trump, "Trump wants to run America like he runs his businesses, God help us". Unlike Trump who is probably a fake billionaire Bloomberg has an estimated 50 billion in assets.

How Trump bankrupted the Taj Mahal - Business Insider

Well that's the final straw... Impeach his ass NOW!

:lamo

 

[Carleen]

Donald Trump claims to have considerable business acumen but the record says otherwise. This is one example of six bankruptcies our president has filed over the years. Now businesses don't often go bankrupt right away, but put a incompetent leader at the helm and it will happen sooner or later. just as America seems to be doing good, but underneath it is hemorrhaging, his tax plan granting the wealthy more and more riches and the middle class A few crumbs and many have less disposable income then they did before Trump not to mention the tariffs are causing Farmers bankruptcy and there are suicides, if America continues on its current trajectory of extreme deficits it will spell disaster.

Bloomberg once said of Trump, "Trump wants to run America like he runs his businesses, God help us". Unlike Trump who is probably a fake billionaire Bloomberg has an estimated 50 billion in assets.

How Trump bankrupted the Taj Mahal - Business Insider

Trump does not have a good record as a businessman. He cheats, doesn’t pay his debts and was just fined for fraud. This is what he has brought to the WH as president. He has disgraced the office of the presidency.

 

[washunut]

Donald Trump claims to have considerable business acumen but the record says otherwise. This is one example of six bankruptcies our president has filed over the years. Now businesses don't often go bankrupt right away, but put a incompetent leader at the helm and it will happen sooner or later. just as America seems to be doing good, but underneath it is hemorrhaging, his tax plan granting the wealthy more and more riches and the middle class A few crumbs and many have less disposable income then they did before Trump not to mention the tariffs are causing Farmers bankruptcy and there are suicides, if America continues on its current trajectory of extreme deficits it will spell disaster.

Bloomberg once said of Trump, "Trump wants to run America like he runs his businesses, God help us". Unlike Trump who is probably a fake billionaire Bloomberg has an estimated 50 billion in assets.

How Trump bankrupted the Taj Mahal - Business Insider

Read the article. Can you point out where it shows how Trump bankrupted the property twice. I see a list of trivial items that would NOT have put the casino out of business.

I would call the headline here misleading. Many here would call this a lie if Trump had said it!

 

[OscarLevant]

Read the article. Can you point out where it shows how Trump bankrupted the property twice. I see a list of trivial items that would NOT have put the casino out of business.

I would call the headline here misleading. Many here would call this a lie if Trump had said it!

The article made the claim, if it's not true, let Trump sue.

...Trump bankrupted the property twice as part of his public casino holding company Trump Entertainment Resorts.

The article then went on to explain how he did it. I'm not a finance wiz, you figure it out.

 

[Condor060]

Donald Trump claims to have considerable business acumen but the record says otherwise. This is one example of six bankruptcies our president has filed over the years. Now businesses don't often go bankrupt right away, but put a incompetent leader at the helm and it will happen sooner or later. just as America seems to be doing good, but underneath it is hemorrhaging, his tax plan granting the wealthy more and more riches and the middle class A few crumbs and many have less disposable income then they did before Trump not to mention the tariffs are causing Farmers bankruptcy and there are suicides, if America continues on its current trajectory of extreme deficits it will spell disaster.

Bloomberg once said of Trump, "Trump wants to run America like he runs his businesses, God help us". Unlike Trump who is probably a fake billionaire Bloomberg has an estimated 50 billion in assets.

How Trump bankrupted the Taj Mahal - Business Insider

560 Trump owned businesses around the world and only 6 file for Ch 11? Thats about a 98% success rate. Not to mention that his casinos filed for reorganization and are still running today. They didn't file Ch 7 and liquidate.

 

[washunut]

The article made the claim, if it's not true, let Trump sue.



The article then went on to explain how he did it. I'm not a finance wiz, you figure it out.

As to the second point I did and told you. If you want to understand it is right there for you.

On the first point repeating a lie is no less repugnant than the original telling of the lie.

 

[less right]

Tell us, what else happened in Atlantic City? Was the Taj Mahal the only Casino to go bankrupt?

What happened to the economics in Atlantic City?

Was President Trump himself responsible for the economic collapse of Atlantic City?

Who predicted the collapse of Atlantic City?

This isn't Jeopardy. You don't have to put everything in the form of a question.

 

[ocean515]

This isn't Jeopardy. You don't have to put everything in the form of a question.

True.

But it's a way to get a poster off their butt, and do some research on a subject they want to discuss, rather than forcing the person they are having a discussion with to do all the work.