02-28-2016, 02:56 AM
(02-28-2016, 01:28 AM)Nately120 Wrote: Trump's business practices and zeal to take advantage of Chapter 11 bankruptcy over the past 25 years has been around a lot longer than the meme.
No, not really. 3 of the 4 bankruptcies were in the Casino industry, and you might want to read up a little on that - giants were in trouble after the financial crisis so it happens in that industry. And all 3 may have been in Atlantic City, which has been dying for years.
There's plenty to criticize Trump for, but the bankruptcy thing is a non-starter. It's just a personal attack meant to inflame people who don't understand how it really works. I just found it comical that you criticized his followers for not understanding business when you yourself actually don't seem to understand it all.
Trump as the embodiement of "too big to fail" and "socialization of loss" just wreaks of someone who doesn't know what they are talking about. He was never "bailed out" nor were his losses somehow socialized.
