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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: MoneyPenny who wrote (26308)	3/25/2005 12:01:24 PM
From: John Vosilla	Read Replies (1) of 116555

Trump's current attempt to steal the equity in a public casino company where he has a fiduciary duty to the minority shareholder's is amazing. He pushed the parent company into bankruptcy even though only one of the two subsidiary companies had financial problems and the assets weren't even cross collateralized. On top of that he spent the shareholders money to demolish a casino on now very valuable land that has no mortgage on it. He hopes to develop upscale condos on the Atlantic City boardwalk making not only a fortune on developing it himself but screwing the shareholders out of their equity in the land that should have been placed for sale on the open market. Trump must have a lot of friends in high places. If any of us attempted this it would be 30 years to life in prison.

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