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
How’s that suit against the Club for Growth coming along, Donald?
Trump is living proof with a $200million inheritance, the miracle of corporate bankruptcy, and a little luck…why, anyone can make it big in America!
The Republican base will love this.
Perfect. He’s a pretty mediocre businessman, not at all an excellent one, despite the loud claiming of his mouth and no one else’s. And even if he were good at what he claims to do, you can’t have a functioning democracy if you let every thin-skinned billionaire sue every media venue that does a negative story, no matter how provably true.
That was also where he gave his famous quote about his life style not changing when he was going bankrupt: “If you owe the Bank $50 that is your problem, if you owe them $50 Million, that is the banks problem.”
what an arrogant dick…