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(44,397 posts)
Mon Jul 18, 2016, 02:53 AM Jul 2016


Donald Trump, who often says he only likes winners, tells one grand tale of loss: In 1990, he nearly went bankrupt and was forced to ask dozens of banks to whom he owed money to change the terms on their loans and forgive some of his debts.

It was, the real estate developer admits in his 1997 book "The Art of the Comeback," the darkest period of his professional life. In his telling, it's a story of redemption, of resilience, and proof of his exceptional negotiating skills and shrewd thinking.

Six people who participated in the loan workout negotiations have a different recollection, raising questions about a key part of the personal narrative that many of Trump's supporters have found compelling as he campaigns to be the next president of the United States on Nov. 8. On the campaign trail he has portrayed himself as a survivor and a master negotiator.


The six bankers and lawyers involved in the talks say the bailout wasn't based on any overture Trump initiated with the banks—and the terms of the deal were dictated by what was best for the banks, not Trump.

Three of the participants say Trump didn't acknowledge he had a problem until his lenders reviewed his books, realized he was on the brink of collapse, and summoned him for debt restructuring talks.


7 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Trump is a con man Skittles Jul 2016 #1
I call him a "Flim-Flam Man." ReRe Jul 2016 #2
Flim-Flam Don OnDoutside Jul 2016 #5
Donald Trump lied?! PJMcK Jul 2016 #3
Posted to for later. 1StrongBlackMan Jul 2016 #4
Trump's bankers said as much back in 1990. Eugene Jul 2016 #6
He's nothing but a media personality. Pia Zadora with money. nt Dreamer Tatum Jul 2016 #7


(10,597 posts)
2. I call him a "Flim-Flam Man."
Mon Jul 18, 2016, 05:25 AM
Jul 2016

Same thing as a con man. 1967 movie starring George C. Scott. Billed as a comedy.


(21,721 posts)
3. Donald Trump lied?!
Mon Jul 18, 2016, 05:58 AM
Jul 2016

It's really not shocking that Mr. Trump says anything he wants at anytime. Throughout his life, no one has ever contradicted him or they were fired, divorced or otherwise removed from his circle.

Hopefully, we have some journalists left in our country who will highlight his lies, incorrect statements and foolishness so the voters will understand who the real Donald Trump is. Otherwise, our country has a big trouble ahead.


(61,259 posts)
6. Trump's bankers said as much back in 1990.
Mon Jul 18, 2016, 12:31 PM
Jul 2016

As they put it at the time, Trump was effectively bankrupt.
The only difference was that his creditors, not the courts, were
restructuring his finances.

Then as now, Trump was serving up the same bluster, bravado,
and outright horses**t.

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