Discussion for article #226072
Trump told the AP he has not considered whether to divest his remaining ownership stake in the company.
To put it another way: I am going to force the whole thing into bankruptcy. Screw over everybody and sue the crap out of everybody to raise as much capital as I can without using one dime of mine. Then I will buy it back really cheap out of bankruptcy, fix the whole place up with other peoples money and make some more millions. All I have to do is repaint my name on the buildings that I will now own free and clear. All profit will be mine mine mine. lol
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W O W! Splendid analysis.
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Most things “Trump” are structured like these casinos: he lends his name to developers of projects for cash and equity.
He is nothing but a brand.
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“The Trump name … has become synonymous with the highest levels of quality, luxury, prestige and success.”
As soon as I read that I had a mental image of that SNL bit that Vanessa Bayer and Cecily Strong have done. You know, the models that aren’t porn stars anymore?
What a complete and utter buffoon. He is really the total package!
Good analysis, and quite possible. I do have one quibble…
I have doubts that Trump actually owns anything “free and clear”. It’s just not his style.
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donald, as usual, has it exactly backwards. his name tarnishes everything it is associated with.
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He doesn’t. He makes money selling the Trump brand to projects that other people are financing. And it is not unusual for these to be distressed projects. A classic case is the Trump National Bronx golf course…a new muni built on a waste dump costing NY taxpayers ~$250 million. Somehow, the Trump brand will magically rescue this financial disaster.