FWIW “Gambit” without elaboration strongly invokes the “the bankrupcies were on purpose” to me, so, did you say it? Strictly no, but it was very suggestive.
FWIW “Gambit” without elaboration strongly invokes the “the bankrupcies were on purpose” to me, so, did you say it? Strictly no, but it was very suggestive.
AFAIK, Trump used investor money and rented his brand - he would have upside if the business succeeded, but had no downside for him - he was paid anyway.
As for the suckˆHˆHˆHˆHinvestors, they had a bad day.
Eh. I wanted to be provocative because I've heard a lot of educated but economically naive people assume 'highly leveraged hotel-casino project' is dumb a priori, even though it's (an example of a) a sensible and common business strategy available to the wealthy. I didn't mean to imply bankruptcy was intentional though.
As to whether Trump did this better or worse than others, I have no idea as I haven't studied it but would assume the latter given the outcome.
A certainty though - plenty of undeserving people you would consider contemptible have successfully played this hand many a time. Yet more reasons to tax land