Donald Trump in New Yorker


On Budget & Economy: Brush with bankruptcy: $700M loss in debt restructuring

A story in the Times contained a reference to his past "brush with bankruptcy," and Trump took umbrage. He "never went bankrupt," he wrote in a letter to the editor nor did he "ever, at any time, come close." In fact, a debt restructuring began in the spring of 1990 and continued for several years. In the process, six hundred or seven hundred or perhaps eight hundred million of his creditors' dollars vaporized and drifted wherever lost money goes.
Source: Mark Singer in New Yorker magazine, "Trump Solo" May 12, 1997

On Principles & Values: Trump Tower glitz: Italian marble 80-foot waterfall

Delineating his commercial aesthetic, he once told an interviewer, "I have glitzy casinos because people expect it. Glitz works in Atlantic City. And in my residential buildings I sometimes use flash, which is a level below glitz." His first monument to himself, Trump Tower, possessed many genuinely impressive elements--a sixty-eight-story sawtoothed silhouette, a salmon-colored Italian-marble atrium equipped with an eighty-foot waterfall--and became an instant tourist attraction.
Source: Mark Singer in New Yorker magazine, "Trump Solo" May 12, 1997

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