“As NBC News points out, Trump has never personally filed for bankruptcy. But it’s a little misleading, as four of his businesses have. That includes the Trump Taj Mahal in 1991, Trump Plaza Hotel in 1992, Trump Hotels and Casinos Resorts in 2004 and Trump Entertainment Resorts in 2009.” [MSNBC, 10/29/15] TRUMP WOULD HAVE MADE MORE MONEY BY INVESTING HIS INHERITANCE IN A MUTUAL FUND, BUT INSTEAD DECIDED TO MAKE A LIFE OUT OF “MAKING DEALS” Donald Trump Would Have Made More Money By Simply Investing His Money In A Mutual Fund Indexed To The Stock Market Than He Made Through His Real Estate And Other Business Ventures. “As ‘really rich’ as Donald Trump is today, he might have been even richer if, instead of dabbling in skyscrapers and casinos, he’d simply taken his eight-figure inheritance decades ago and sunk it into the stock market. Had the celebrity businessman and Republican presidential candidate invested his eventual share of father’s real estate company into a mutual fund of S&P 500 stocks in 1974, it would be worth nearly $3 billion today, thanks to the market’s performance over the past four decades. If he’d invested the $200 million that Forbes magazine determined he was worth in 1982 into that index fund, it would have grown to more than $8 billion today.” [National Journal, 9/2/15] TRUMP’S BUSINESS HAVE GONE INTO BANKRUPTCY MULTIPLE TIMES TRUMP’S POOR DECISION MAKING SKILLS HAVE SENT HIS COMPANIES INTO BANKRUPTCY FOUR TIMES, AND HE HAS BARELY AVOIDED IT HIMSELF Since 1991, Trump-Related Companies Have Filed For Corporate Bankruptcy Four Separate Times. “But just once for good measure: Donald Trump, personally, never declared bankruptcy. … Still, since 1991, Trump-related companies have filed for corporate bankruptcy four separate times. Filing for Chapter 11 bankruptcy allows a corporation—which is legally distinct of its shareholders, owners, board, and C.E.O.—to stay in business while it re-structures and attempts to reduce its debt. So, while he’s been able to keep his personal finances in order, the businesses that so proudly trumpet his billion-dollar name are something of a different story.” [Vanity Fair, 6/29/15] 10/29/15: MSNBC: Donald Trump’s Claim That He Never Filed For Bankruptcy Was “A Little Misleading” – Four Of His Businesses Have Declared Bankruptcy. “As NBC News points out, Trump has never personally filed for bankruptcy. But it’s a little misleading, as four of his businesses have. That includes the Trump Taj Mahal in 1991, Trump Plaza Hotel in 1992, Trump Hotels and Casinos Resorts in 2004 and Trump Entertainment Resorts in 2009.” [MSNBC, 10/29/15] TRUMP NARROWLY AVOIDED PERSONAL BANKRUPTCY Donald Trump’s Creditors Could Have Forced Him Into Bankruptcy But Chose Not To Because They Were Reluctant To Face Him In Bankruptcy Court. “After a decade Confidential Page 31
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