Trump: “Almost Every Major Dealmaker Has Used The Bankruptcy Laws As A Business Tool. Icahn, Black, Zell—But Nobody Says They Went Bankrupt!” [@realDOnaldTrump, twitter, 6/19/15] Trump: “Out Of Hundreds Of Deals & Transactions, I Have Used The Bankruptcy Laws A Few Times To Make Deals Better. Nothing Personal, Just Business.” [@realDOnaldTrump, twitter, 6/19/15] Donald Trump Bragged About Taking Companies With Bad Companies, Chaptering Them, And Ending Up With “A Nice Little Asset.” “I’ve inherited a lot of bad contracts over the years, you know, where I buy a company cheap. Because the poor guy didn’t know what he was doing and he made a bad deal. So you buy it cheap, you throw it into a chapter, you beat up everybody, and you have a nice little asset. Right. You know. You do it. I do it professionally. There’s always a clause.” [Donald Trump Rally, Sparks, NV, 10/29/15] Donald Trump Bragged About An Instance In Which He Bought A Company And “Immediately Threw It Into A Chapter And Beat The Hell Out Of The Banks” — “That’s Called Good Business.” TRUMP: “I've used the laws of the country to make good deals for myself and also, I've had hundreds and hundreds of companies. Three or four sometimes I've restructured so people could keep their jobs among other things. ... I did one deal where I bought the accompany, it was a terrible accompany, the guy made a terrible deal, … and I bought it, immediately threw it into a chapter and beat the hell out of the banks, the poor banks and made a good deal out of it. That's called good business, now I’m a different world, but that’s called good business. And you do those things. You use the laws of the country, the laws of the land and I did. So have ,and I could go one, two, three, name the top ten business people you know, I can tell you most of them have done the same thing.” [Morning Joe, MSNBC, 11/11/15] BANKRUPTCY FILINGS All Of Donald Trump’s Atlantic City Casinos Had Filed For Bankruptcy Before, In 1992, When They Were More Than $1 Billion In Debt. “This will be the second time the Trump casinos have filed for bankruptcy. In 1992, the three casinos he then owned, the Taj Mahal, Castle, and Plaza, all in Atlantic City, ended up in Chapter 11, burdened by more than $1 billion in debt.At the time, Trump himself was at brink of bankruptcy, but later regained control of the casinos and wrote a book about his experience in 1997 called ‘Trump: The Art of the Comeback.’” [Wolf Blitzer Reports, CNN, 8/10/04] DEBTS Trump On His Debt: “I Wish It Were Only $900 Million. I Actually Had Many Billions Of Dollars Of Debt, And Actually $975 Million Was Personally Guaranteed.”QUESTION: “Donald Trump, most Americans are having trouble getting rid of couple thousand dollars of credit card debt, you got rid of $900 million of debt. How in the world did you do that?” TRUMP: “Well I wish it were only $900 million. I actually had many billions of dollars of debt, and actually $975 million was personally guaranteed. So it was more catastrophic than even your beautiful introduction, which I appreciate very much.I really went Confidential Page 71
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