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Tuesday, January 27, 2009

The Humbling of The Donald

Rain falls on both the rich and the poor. But it seems that the storms of today's economy has especially buffeted Donald Trump, who in the last six months is one billion dollars poorer . Trump personally guantaned a $40 million construction load from Deustche Bank for his 92-story Trump Tower in Chicago, but now wants to walk away from his obligations because of God. He wants to hide behind a"force majeure" clause, sometimes known as an Act of God. Usually, that would be invoked if there was riots, floods, and pesitilence, not a billionare's foolish gamble. He has countersued Deustche Bank for three billion. Trump has made his career on hustling banks and people. In his book Think Big and Kick Ass in Business and Life, he said he loved “to crush the other side and take the benefits” and mocked the banks that had lost money on loans made to him before another real estate downturn, in the 1990s. “I figured it was the bank’s problem, not mine. What the hell did I care?"

Perhaps Deustche Bank should counter-counter sue for six billion and take down this Nimrod with the squirrel hair once and for all.

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