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To: doc1019

Trump inherited $40 million.
Ended up with $10 Billion
That is a 250 multiplier!
Very rarely anyone has accomplished such success.


8 posted on 08/14/2015 9:36:28 PM PDT by entropy12 (I prefer a president who says "you are fired", over professional politicians, puppets of rich donors)
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To: entropy12; doc1019; SMCC1

Trump eventually found himself in serious financial trouble. In 1990, due to excessive leveraging, The Trump Organization revealed that it was $5 billion in debt ($8.8 billion by some estimates), with $1 billion personally guaranteed by Trump himself. The survival of the company was made possible only by a bailout pact agreed upon in August of that same year by some 70 banks, allowing Trump to defer on nearly $1 billion in debt, as well as to take out second and third mortgages on almost all of his properties. If it were not for the collective effort of all banks and parties involved in that 1990 deal, Trump’s business would have gone bankrupt and failed.

http://www.alternet.org/story/156234/exposing_how_donald_trump_really_made_his_fortune%3A_inheritance_from_dad_and_the_government’s_protection_mostly_did_the_trick


34 posted on 08/14/2015 10:16:10 PM PDT by AdmSmith (GCTGATATGTCTATGATTACTCAT)
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