where Trumplethinskin lauded himself and his business acumen as proof that he is a "very stable genius", wonder why he didn't mention his four bankruptcies?
About that PC yesterday at Camp David....
- Thread starter RichardPeterJohnson
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Probably the same reason you don't mention the multiple restraining orders against you.
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I think because people is his world believe that declaring bankruptcy is a legitimate business tactic to reorganize debt.....leaving your suppliers and contractors high and dry while protecting your assets for future financial leverage.
And by his world, you mean the governing laws of bankruptcy by our country? Right? Let’s not act like it’s some “loophole”.
No it isnt. It is administered by a judge or court trustee to insure its use is legal.
In a corporate sense, imo, it allows for wildly risky investments to be a regular practice.
Risk is a 2 way street in investment. Both the lender and the borrower know the risk and should understand the ramifications if bankruptcy is the result.