- Moderator
- #1
Trump ran his casino empire like he ran our government, driving our nation's finances closer to bankruptcy.
The New York Times even did a piece on the Taj Mahal casino that Trump opened in 1990 and he pulled the same grift as the owner that he now pulls on his supporters.
But a close examination of regulatory reviews, court records and security filings by The New York Times leaves little doubt that Mr. Trump’s casino business was a protracted failure. Though he now says his casinos were overtaken by the same tidal wave that eventually slammed this seaside city’s gambling industry, in reality he was failing in Atlantic City long before Atlantic City itself was failing.
But even as his companies did poorly, Mr. Trump did well. He put up little of his own money, shifted personal debts to the casinos and collected millions of dollars in salary, bonuses and other payments. The burden of his failures fell on investors and others who had bet on his business acumen.
The New York Times even did a piece on the Taj Mahal casino that Trump opened in 1990 and he pulled the same grift as the owner that he now pulls on his supporters.
But a close examination of regulatory reviews, court records and security filings by The New York Times leaves little doubt that Mr. Trump’s casino business was a protracted failure. Though he now says his casinos were overtaken by the same tidal wave that eventually slammed this seaside city’s gambling industry, in reality he was failing in Atlantic City long before Atlantic City itself was failing.
But even as his companies did poorly, Mr. Trump did well. He put up little of his own money, shifted personal debts to the casinos and collected millions of dollars in salary, bonuses and other payments. The burden of his failures fell on investors and others who had bet on his business acumen.
How Donald Trump Bankrupted His Atlantic City Casinos, but Still Earned Millions (Published 2016)
Mr. Trump boasts of his success at the Jersey Shore resort, but regulatory reviews, court records and security filings indicate otherwise. And others paid the price.
www.nytimes.com