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[–]magnora7[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

Interesting about the Taj Mahal, I didn't know that. You might be right that it's mostly theater, or that they're only disagreeing on nitpicking stuff. I don't think Trump's comments are moving the market. The market is just ready to pop, Trump or not.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Here's some more on the Taj Mahal bailout: https://www.latimes.com/politics/la-na-pol-wilbur-ross-commerce-20161208-story.html

Ross, then an investment banker working for Rothschild Inc., helped bondholders negotiate with Trump, whose finances were unraveling. The final deal reduced Trump's ownership stake in the Taj but left him in charge, and bondholders were unhappy when Ross presented the plan.

"Why did we make a deal with him?" one asked, according to Rosenberg's book.

Ross insisted that Trump was worth saving.

"The Trump name is still very much an asset," he said.

Here's Wilbur Ross all up in the Syria missling thing Trump did https://upload.wikimedia.org/wikipedia/commons/5/58/President_Donald_Trump_receives_a_briefing_on_a_military_strike.jpg