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In reply to the discussion: Trump declared bankruptcy in Puerto Rico, defaulting on municpal bonds, teacher pensions... [View all]vkkv
(3,384 posts)30. Yes, Trump is a scumfuck.
""He failed to live up to his contractual obligation, so he turned and ran and left the original bond holders on the hook."" This is not what you initially posted though..
This::""""" Unfortunately, Trump borrowed $26.4 million in municipal bonds for new construction. He defaulted on a payment of $119,814 to the bondholders in August 2014, then declared bankruptcy on July 13, 2015, due to financial difficulties. """ """
Is not accurate according to Politifac and Buzzfeed and a cast of bankruptcy lawyers.
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Trump declared bankruptcy in Puerto Rico, defaulting on municpal bonds, teacher pensions... [View all]
Atman
Sep 2017
OP
Let's be more accurate: The resort was already in trouble before Trump came in the manage it.
vkkv
Sep 2017
#26
Let's not lose sight of the big picture: Trump made millions, and then filed bankruptcy.
Atman
Sep 2017
#33