I was talking to my liberal Union hack friend last night. He brought something up and when I try to find any articles it immediately goes to CNN, NPR, NBC and all the usual characters. The articles say verbatim what he was saying.
I am sure there is way more to this.
He hates Trump because and I quote, "I don't like what he did by bankrupting companies and defaulting on loans". Then he went on some diatribe about he knows someone who knows someone who is a high ranking member of PNC bank who said PNC will never loan money to Trump. Trump made money by bankruptcy companies and defaulted on loans.
My answer to him was tell me how many mom and pop stores were bankrupted by Unions?
He looked and said I know.
Typical DEMONrat hypocrisy.
I believe the Trump Organization has owned over 400 companies. Several went bankrupt. Point 1: The failure rate of companies/new ventures is high. Statistically speaking, when you own/create 400+ companies, some will go tits up. Point 2: Define bankruptcy - Ch.7 (liquidation) or Ch. 13 (restructuring). Ask your friend what type of bankruptcy was it and was the point to restructure the company or shut down a not viable company? Another common M&A tactic is to purchase a company in distress, take it through C13 and come out stronger on the other side.