The latest case against Trump shows history favors the rich

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BidenPresident

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“For too long, powerful, wealthy people in this country have operated as if the rules do not apply to them,” James said in a statement. “Donald Trump stands out as among the most egregious examples of this misconduct.”

Thirty years ago, my colleague and I wrote the following in our Post investigation on his failing casinos: “What is clear is that Trump has not had to face the ultimate financial reckoning.”

Maybe that day has finally come.

https://www.washingtonpost.com/business/2022/09/23/new-york-trump-lawsuit/
 
I’m still stunned at how Trump has been allowed to prosper even as investors and financial institutions faced massive losses. Banks repeatedly renegotiated his debt to bail him out or preserve the value of the assets that served as collateral for loans made to Trump.


Trump survived and thrived because of the willingness of bankers and bondholders to prop him up.

But let struggling consumers default on their mortgages, student loans or credit card debt, and they face financial ruin.



https://www.washingtonpost.com/business/2022/09/23/new-york-trump-lawsuit/
 
BidenPresident said:
“For too long, powerful, wealthy people in this country have operated as if the rules do not apply to them,” James said in a statement. “Donald Trump stands out as among the most egregious examples of this misconduct.”

Thirty years ago, my colleague and I wrote the following in our Post investigation on his failing casinos: “What is clear is that Trump has not had to face the ultimate financial reckoning.”

Maybe that day has finally come.

https://www.washingtonpost.com/business/2022/09/23/new-york-trump-lawsuit/
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