Quote:
Originally Posted by Lottoguy
Yep, it is obvious you didn't take time to read the article to see how YOUR DONALD does his business. The pianos were for his Atlantic casino in the various lounges and bars. Of course the casino went bankrupt. So, you have to ask yourself what kind of businessman can have a casino go bankrupt when the odds are with you. Donald Trump that's who!
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You obviously don't have any background in business, casinos, or bankruptcy.
One of the current major casino companies is on the verge of bankruptcy because of shifting markets. When the economy started to downturn, most casino companies had already begun to build in Asian markets because their Las Vegas properties could not produce the income needed to cover debt. Harrah's, on the other hand, had invested heavily in upgrades for its US properties like Caesar's Palace.
Similarly, if you explore the reasons for the decline of several hundred hospitals in the US over the past 20 years, you'll see everything from overwhelming bad debt issues to poor market analysis and bad management. A common reason for hospital failure in large cities was patronage expected by crooked politicians in cities like Chicago, Newark, Los Angeles, et al.
My point is that there can be a myriad of reasons for a business failure. When a company goes into Chapter 7 bankruptcy, and even Chapter 11 reorganization, the court will typically make any vendor, consultant, or payee who has received funds within 60-90 days repay the business under the supervision of a trustee. So the piano guy and you likely don't understand all the technical issues faced by Trump's casino.
My recommendation is that you stick with playing the Lotto - unless of course it is in Michigan, Illinois, or Ohio (and a few others).
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