Djcnor’s Weblog

Trump Bankrupt?!!! Ha! Ha! Ha! Ha! Ha!

Posted on: February 17, 2009

Alright, perhaps it is just his casino group.

http://gawker.com/5154781/trump-bankruptcy-to-come-just-before-new-apprentice-season-reportedly

But really, just before a new season of The Apprentice?!! You can’t help but laugh.

And this will be the third time! See, there’s a lesson in that: Not even a gazillionaire can really gamble with impunity. In the end, the house always wins, and if there’s anything we’ve learned over the last few months, the banks, the hedge funds, the finance folks are really the house, apparently no less morally bankrupt than mobsters.

Oi! The company’s value has fallen from a peak of $845 million in 2005.┬áto a mere $7.3 million. Let’s see, that’s a drop of about 90%.

http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/4682331/Trump-casino-group-files-for-Chapter-11-bankruptcy-protection.html

Did he put any of his apprentices from past seasons in charge of it, one wonders?

Don’t cry too hard, though. CNN says he’s fine overall.

http://money.cnn.com/news/newsfeeds/articles/djf500/200902171440DOWJONESDJONLINE000645_FORTUNE5.htm

For the meanwhile.

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