BANKRUPTCIES AND DEBTS BANKRUPTCY: “A GREAT DEAL” AND A “BUSINESS TOOL” Trump Called Bankruptcy A “Great Deal.” TRUMP: “I'm going to be selling a piece of my stake for a tremendous infusion of cash that comes into the company. You know, it's been a great company to me over the years, but it's a very small portion of my net worth, less than 2 percent.” MASON: “And you don't mind having the word 'bankruptcy' attached to your name?” TRUMP: “Well, I don't love it, but I feel that this is a great deal.” [CBS Evening News, CBS, 8/10/04] Trump On His Four Bankruptcies: “Every Once In A While—Again, You Take Advantage Of The System. ROBERTS: “Some of them have gone bankrupt. Four of them.” TRUMP: “Well, I have 70 some-odd companies. Every once in a while--again, you take advantage of the system. It's called the system. And in order to take advantage of the system that we're in, sometimes, on occasion--seldom, in my case--but you take a company, and you do-- in my case, I did a couple of (unintelligible). It worked out great for me, because that's what I'm supposed to do, I'm supposed to make money. But I could be making money for the American people as opposed to letting us get ripped off like we have by other nations. And they're ripping us. And they're ripping us big league, Cokie, and you know it.”[This Week, ABC, 12/5/99] Trump Bragged About Taking Personal Advantage Of The Bankruptcy Laws. Washington Post on the first 2015 GOP debate: “That appeared to be the case on Thursday. Trump committed no major mistakes. If he was overbearing at times, well, that has been part of his appeal. If he was impolitic at other times — bragging about buying access to politicians or taking personal advantage of the bankruptcy laws — he has done that before” [Washington Post, 8/6/15] When Asked About His Bankruptcies, Trump Claimed He Has “Taken Advantage Of The Laws Of This Country.” “Trump on his business bankruptcies ‘Out of hundreds of deals that I’ve done, on four occasions I’ve taken advantage of the laws of this country…Virtually every person that you read about on the front page of the business section [takes advantage of them]. The difference is that when other people use the laws you don’t read about it.’” [Politico, 8/6/15; Republican Primary Debate, Cleveland OH, 8/6/15] Trump On Bankruptcy Laws: “I Used It Four Or Five Times Over The Years To Make Great Deals. Because I Took Advantage Of What’s There. And That’s A Great Thing.” [Donald Trump speech at New England College, 4/27/15] Trump: “Stop Saying I Went Bankrupt. I Never Went Bankrupt But Like Many Great Business People Have Used The Laws To Corporate Advantage—Smart!” [@realDOnaldTrump, twitter, 6/19/15] Trump: “People Buy Deals & Immediately Put Them Into Bankruptcy In Order To Make Better Deals. It’s A Very Effective & Commonly Used Business Tool.” [@realDOnaldTrump, twitter, 6/19/15] Confidential Page 70