Trump companies have declared bankruptcy 4 times. Isn't this an abuse of the system?

[Renew Deal]

ABC Article:

Donald Trump -- or companies that bear his name - have declared bankruptcy four times.

Trump has built an American empire from Las Vegas to New York with towering hotels and sparkling casinos. Forbes estimates he's worth $2.7 billion. But not all of Trump's business ventures have been constant money-makers. In 1991, 1992, 2004, and again in 2009, Trump branded companies or properties have sought Chapter 11 protection.

"I've used the laws of this country to pare debt. ... We'll have the company. We'll throw it into a chapter. We'll negotiate with the banks. We'll make a fantastic deal. You know, it's like on 'The Apprentice.' It's not personal. It's just business," Trump told ABC's George Stephanopoulos last Thursday.

A business declaring bankruptcy is nothing new in corporate America, where bankruptcy is often sugar-coated as "restructuring debt." But it might seem alarming to everyday Americans who can't get a bank to restructure their home loans. If you want to get Donald Trump hot under the collar, accuse him of declaring bankruptcy.
<snip>

http://abcnews.go.com/Politics/donald-trump-filed-bankruptcy-times/

How can Trump run for president on his business background if his companies keep going bankrupt? It doesn't say much for his business "skills." Or maybe it says that he's willing to abuse the system for his personal benefit.

[GomezLives]

1. You would think it would be.

[DeadEyeDyck]

2. yes nt

[murielm99]

3. This is not the only thing that gets him hot under the

collar. He seems to get hot under the collar about a lot of things. Not exactly Presidential, Donnie.

[lonestarnot]

4. IMO Comboverhairdude looks to be an eye abuse and not presidential material. Would make a good air

bag.

[Frustratedlady]

5. He's always been a loser in my book. He can't keep a wife, files bankruptcy over and

over, and has a strange fascination with his hair. Anyone who has to expound ad nauseum on his wealth, intelligence and sex appeal doesn't have any.

[lumpy]

6. Donald Trump the bankruptcy welfare queen.

x

[Lasher]

7. Corporations are people, except when declaring bankruptcy.

Junior and his Bush league lapdog GOP Congress gutted bankruptcy provisions for individuals but not for corporations.

Running companies into the ground is not a liability for Trump, anymore than it was for our last Republican president.

[Mimosa]

8. Uuummm, yes it is. Indubitably. n/t

[Mariana]

9. The system was designed to be used exactly that way

by people like him.

[notesdev]

10. Actually it's pretty smart

If you had a chance to stick it to the bankers, not once, but four times... would you pass that up?

By the way, your link now goes to a story with the headline: "Boehner: Gas Prices Could Doom Obama Reelection"

[Faryn Balyncd]

11. Maybe he'll lead the GOP into bankruptcy....