I'm not sure filing bankruptcy 3 times is a sign of a good business man.
Originally Posted by nuglet
Trump is a fucking joke. However, the bankruptcy complaint is unfair. He's in high dollar real estate. Even the honest real estate moguls have lots of bankruptcies.
You form a corporation or something similar. You borrow money, sell stock, etc. and make an effort to make money. If things pay off, your investors do well. If not, they lose their money. The people investing in such things are generally well informed and know the risks. They know it's high risk and charge high interest rates in return.
Now, if he did something particularly wrong in his bankruptcies, that's a valid complaint, but if you're in the high dollar real estate business and aren't having some bankruptcies, you're probably not earning a good yield overall.
The movie Idiocracy is coming true.