Trump Tower Goes Bust in Canada...

[HipChick]

On Tuesday, a Canadian bankruptcy judge placed the glass-and-granite building into receivership, just four years after Trump and his children cut the ribbon at its grand opening. Once it’s auctioned off, whether or not Trump is the leader of the free world by then, his name may well vanish from its marquee.Trump is not the project’s developer or even an investor; one of his partners, a Russian-born billionaire who got rich in Ukraine’s steel industry, controls the firm that’s in default

Trump Toronto is yet another reminder that his businesses do not always run smoothly. Even before the bankruptcy, the Trump Organization was already mired in litigation over management issues with the project’s owner, Talon International—led by Alex Shnaider, the steel magnate who is perhaps better known for buying a Formula One racing team and hiring Justin Bieber to sing at his daughter’s Sweet Sixteen. The project also faced lawsuits filed by middle-class investors who claim they were suckered into buying time-share-style units in the hotel with wildly overstated projections of Trump Toronto’s performance. Now it’s in receivership, which will produce new ownership and, quite possibly, a new brand.





http://www.politico.com/magazine/story/2016/11/trump-tower-goes-bust-canada-214412

[Achilleaze]

1. Republican Family Business Genius FAIL

Yet another Comrade Casino Republican FAIL.

I guess he's been too busy dodging taxes, and the military draft, to notice his latest clusterf*ck.

Comrade Casino is the Republican business role model for generations now being spawned.