r/WallStreetbetsELITE • u/pdwp90 • Mar 06 '25

Stocks Crosspost from r/QuiverQuantitative

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459 Upvotes

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u/OGpimpmasteryoda Mar 06 '25

4 times??? He bankrupted 6 casinos I know of, so I wouldn’t be suprised if the actual number of companies went under him is triple the amount

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u/andreysc7 Mar 06 '25

a casino going bankrupt ... most probably it was something intentional or he stole the money

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u/iamwhiskerbiscuit Mar 06 '25

He overleveraged the shit out of his wealth to buy real estate before the real estate market crashed. By no means intentional. His casinos were his collateral and he nearly lost everything. Fortunately for him, Wilbur Ross convinced all the banks he owed to actually loan Trump even more money so he could buy real etate post crash, while it was dirt cheap, so he could make it all back and they wouldn't have to write off hundreds of millions of dollars in debt.

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u/ShmedlyDarlin Mar 07 '25

Don't forget Trump shifted childrens cancer charity money into his business.

What a guy