President Donald Trump has criticized Federal Reserve chief Jerome Powell for not cutting interest rates as much and as quickly as the president wants.
Trump financed the construction of Trump Taj Mahal casino by taking out high interest loans which meant that he had to make $1.3M a day just to cover both the debt service and operating expenses, a level no casino had ever previously achieved and it proved impossible long-term.
I think Trump should stay far away from anything that has to do with the economy.
Don’t forget that trump is so business savvy he bankrupted a casino.
A casino.
Trump financed the construction of Trump Taj Mahal casino by taking out high interest loans which meant that he had to make $1.3M a day just to cover both the debt service and operating expenses, a level no casino had ever previously achieved and it proved impossible long-term.
I think Trump should stay far away from anything that has to do with the economy.
He was probably planning on his usual strategy of just not paying his debts.