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Donald Trump's Many Business Failures, Explained
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Candidate
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Contributor | RP |
Last Edited | RP Aug 02, 2016 01:41pm |
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Category | Profile |
Author | Kurt Eichenwald |
Media | Magazine - Newsweek |
News Date | Tuesday, August 2, 2016 11:10:00 AM UTC0:0 |
Description | Lost contracts, bankruptcies, defaults, deceptions and indifference to investors—Trump’s business career is a long, long list of such troubles, according to regulatory, corporate and court records, as well as sworn testimony and government investigative reports. Call it the art of the bad deal, one created by the arrogance and recklessness of a businessman whose main talent is self-promotion.
All of these names and numbers can grow confusing for voters with little exposure to the business world. So to sum it all up, Trump is rich because he was born rich—and without his father repeatedly bailing him out, he would have likely filed for personal bankruptcy before he was 35. |
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