So Trump runs for prez likely bc he needed publicity to boost his brand and stanch the bleeding from his flailing businesses, wins the White House — which might not have been the goal — and now even w/ the influx of money from biz who want federal favor, is still hemorrhaging $$$
So now Trump has a looooot of money in bills — potentially somewhere well north of $400 milllion wrapped up in loans he personally guaranteed and a HUGE possible tax bill from an old dispute with the IRS — coming due in the next couple years
after The Apprentice blew up and him made a lot of money and re-introduced him to USians as a successful businessman — even tho, uh, see above — he used that money to buy up new hotels and golf courses (????) which then promptly lost tons of money
Not being a fancy finance person, I’m a little lost here: was Trump buying these things bc he thought they would generate profits or did he want losses on those properties so that he could write those losses off? Is that how this works?
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