Donald Trump told a Washington Post reporter that he would sue the paper if the Post chose to run a story about the real estate mogul’s casino in Atlantic City, New Jersey, that went bankrupt in 1991.
The Washington Post reported that even though he had criticized high-interest loans called junk bonds and said his reputation as a businessman would win him low interest rates, Trump ended up using junk bonds to raise the $675 million needed to finish building the Taj Mahal casino. The real estate mogul eventually defaulted on those loan payments and the casino filed for bankruptcy, according to the Post.
During an interview about the Taj Mahal casino, Trump told the Post that the casino was still successful.
“I didn’t want to have any personal liability, so I used junk bonds. I accept the blame for that, but I would do it again,” he said.
And he said that the casino’s bankruptcy did not reflect on him personally.
“This was not personal. This was a corporate deal,” Trump told the Post. “If you write this one, I’m suing you.”
The Washington Post ran the story on Monday evening. You can read the full report here.
H/t Mediaite
