firecat69 wrote:Multiple bankruptcies , all sorts of business failures . No US Bank will touch him after all his failures so he turned to the Russians
I wonder if that was before or after he was bailed out big time by Chinese investors. After the early 1990s real estate downturn, Trump could not service his loans on a large chunk of Manhattan. No one would lend to him and he was forced to go to a Hong Kong consortium of top developers who took over his debts, developed the land and gave him 30%. Years later, the Chinese sold it at a very handsome profit. Trump was furious as he was not consulted and insisted he could have got a better deal. He even tied his erstwhile partners up in lawsuits for several years. Thereafter none of them would ever consider buying a broom cupboard from Trump!