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dixiegrrrrl

(60,010 posts)
18. same guy....
Wed May 15, 2019, 07:42 PM
May 2019

Ross, back then, was involved in handling bankruptcies for high profile businesses.

He was handling the Tag Mahal bankruptcy FOR the shareholders, but ended up also helping Trump survive his bankruptcy.

Wilbur Ross became rich investing in faltering businesses like steel mills and coal mines, finding a fortune in blue-collar industries that others dismissed as beyond saving.

But before he was scooping up Rust Belt factories, the banker was sizing up another troubled asset: Donald Trump. More than two decades ago, Ross represented bondholders who were gunning for Trump after he failed to pay back the high-interest loans he had taken out to build his casino empire.

When Ross arrived in Atlantic City, N.J., for negotiations in 1990, he found a throng of journalists and curious onlookers eager to catch a glimpse of Trump, according to "The Vulture Investors," by Hilary Rosenberg. For the quiet Ross, the scene inspired a revelation: Trump's flashy image had resilience.

Ross embarked on a strategy that helped Trump avoid a personal bankruptcy that could have derailed his unlikely trajectory from real-estate mogul to reality television star to president-elect.


Another article about the same thing:https://www.forbes.com/sites/chasewithorn/2016/12/08/trump-and-his-commerce-secretary-wilbur-ross-a-look-at-25-years-of-connections/#769f5582f820

The monthly figure was in one of the several trump books I have read, I think it was by Tim O'Brien.
TrumpNation: The Art of Being the Donald
https://www.latimes.com/politics/la-na-pol-wilbur-ross-commerce-20161208-story.html
Not to argue with the article but, he didn't have his business apart from himself? underpants May 2019 #1
You'll have to take that up with the four tax experts and real estate tax specialists in the art. Honeycombe8 May 2019 #2
Mostly they are limited liability corporations. marylandblue May 2019 #13
Yes, there are those. And corporate ventures. And everything else that exists... Honeycombe8 May 2019 #16
not sure i understand the question. unblock May 2019 #5
Ok you're right. I skipped a step. underpants May 2019 #6
I think he never declared personal bankruptcy. marylandblue May 2019 #12
Catch Me If You Can Cary May 2019 #3
He has been running one of the most Wellstone ruled May 2019 #4
Remember John Gotti the Teflon don? slater71 May 2019 #7
Money laundering Russian loans I guess. ananda May 2019 #8
+ struggle4progress May 2019 #20
I asked myself that question back in the 1990s. Tommy_Carcetti May 2019 #9
Trump claims that Herbert Ross arranged 450,000 a MONTH income for him dixiegrrrrl May 2019 #10
Source? Totally Tunsie May 2019 #15
same guy.... dixiegrrrrl May 2019 #18
Thanks! Those are interesting reads. Totally Tunsie May 2019 #19
I've gotten a lot of information thru searches dixiegrrrrl May 2019 #21
People love a con. sarabelle May 2019 #11
Living off the cash in the business treestar May 2019 #14
Only if he could fix it so the cash is under the table. Honeycombe8 May 2019 #17
There is no other answer than he is owned and worth nothing, someone else's money. sunonmars May 2019 #22
Living off his father's inheritance DeminPennswoods May 2019 #23
Because he's a standard American deadbeat misanthrope May 2019 #24
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