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Dawn of a New Day
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No he's speaking of bankruptcy in general. The entire article is about how Trump has said during debates that bankruptcy is a tool that all CEO's use so its not a big deal. When in fact that's not true.
No it's not. Here's the full detail... he is speaking about one specific bankruptcy.
In 2004, Trump faced his third corporate bankruptcy, when his Trump Hotels and Casinos Resorts which controlled the Trump Taj Mahal, Trump Plaza and Trump Marina (formerly Trumps Castle) casinos in Atlantic City, as well as a riverboat casino in Indiana was buried underneath $1.8 billion in debt.
To help secure lower interest rates and a $500 million credit line, Trump agreed to shrink his stake in the company from 47 percent to about 27 percent.
Trump brushed off the bankruptcy as really just a technical thing that touched only a small fraction of his net worth, telling the Associated Press then, I dont think its a failure, its a success.
