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PDF Editor FAQ

Is it common knowledge that Donald Trump convinced his father to purchase $3 million worth of poker chips to help make a $18.4 million loan payment?

I don't know about common knowledge, but I've read a couple of versions of the story. He was fined by the New Jersey Gambling commission for it.

Why do people criticize Trump for his bankruptcies?

I am no expert, but this one bothers me. If Trump elicits critisism it is because HE professes to be so dynamic when in reality he has truly nothing to brag about.One example was his Taj Mahal debacle. In 1989 it went bankrupt by its previous owners. The New Jersey Gambling Commission in charge of the now defunct hotel and casino were interviewing potential entrepreneurs to resume the project. Donald promised he could do it because he was Donald Trump. He was told by this Commission that he could not use junk bonds to fund this project as they were a problem before leading to bankruptcy. He said he has such charisma that banks call him all the time asking him to borrow money from them. The Commission was impressed and went with his proposal. Within six months he was unable to get a single bank to lend him money. Fearing failure he went with junk bonds. The hotel was finished, but Trump went with an extravagant motif, and he over did it thinking it would bring in the big players. It didn't by 1991 it went bankrupt. He proclaimed that he was using the laws of this country to his advantage. Others lost millions. Just how he does business. I just wonder what those "losers" thought...

Will Trump's campaign be permanently damaged if his $916 million tax avoidance plan involved an illegal action? Avoidance is legal; evasion is not.

Tax avoidance is legal and encouraged. Tax evasion, such as having your dad pick up a few million in chips at your bankrupt casino with no intention of ever cashing them, is criminal. The New Jersey Gambling Commission had better get on the stick. You know, I’ve speculated for some months that Trump’s motivation for running for president includes his conviction that he will be immune from prosecution or civil suit while in office, and by the end of his term statutes of limitations will have passed and the opposing litigants will have run out of money or patience, or died.

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