It’s really hard to employ people when you use borrowed money and keep filing bankruptcy. If real estate drops again like it most likely will, he will be bankrupt again.
Looking at his property portfolio that is spread around the world to at least 13 countries, other than the U.S., I would say his company is quite widely diversified as to locations.
Since when is having a business entity going bankrupt a crime. It happens all the time. Just look in the legal section of your newspaper. Bankruptcies are listed on a regular basis. Banks go bankrupt all of the time, but the government steps in and forces another bank to buy the assets.
Remember Lehman Bros. under Obama.
*** Its really hard to employ people when you use borrowed money and keep filing bankruptcy. If real estate drops again like it most likely will, he will be bankrupt again.***
Take some time off from your busy posting day and educate yourself as to why investors may end up going bankrupt. Donald Trump’s testimony in front of a house sub-committee in 1991 should help you understand it. Government interference in the marketplace is often the blame, rightfully so, for these bankruptcies.
Everyone should watch this. Donald Trump is no lightweight.
https://www.youtube.com/watch?v=Rksd80-FCAw