[Magdalen] Trump Revealed

[Roger Stokes]

On 30/09/2016 20:47, Grace Cangialosi wrote:
> Listening now to "Fresh Air" and an interview with two Washington Post about their book "Trump Revealed." The degree of sleaze in his business and real estate history is absolutely mind-boggling...  All based on material available through FOIA.
> Now talking about the way he screwed the contractors on many of his building projects.
> Bankers decided they couldn't afford to lose his business, so they made deals to keep him.
> At one point he hid 5 helicopters so the banks wouldn't take them.
> For many of his current projects, he literally has sold just his name to the actual developers or owners in exchange for providing him with annual income.  If the project fails, it's all on the other guy; Trump hasn't invested any money.

Apart from the questionable legality of some of the payments from the 
Trump Foundation this may be the way that the proprietor of a limited 
liability company may choose to do business. The United States of 
America is not a limited liability company. What would be the effect on 
ordinary Americans (and the rest of the world) if it decided to default 
on its debts?

Roger