If Donald Trump stiffed some Wall Street vultures by having his companies file Bankruptcy, what's the big deal? Shouldn't he be commended?

It's a little more complicated than 99.9% of the public thinks and actually knows. It's a world known by CPA's and some Financial Advisors. Trump did take a hit himself of nearly $1 billion along with all the Contractors and workers everyone makes a big deal about. Where Trump made out is that he wasn't forced to wrap anything or hold anything else as collateral in conditions for the type of bankruptcies that occurred.

UPDATE:

THERE IS NO MAJOR REAL ESTATE DEVELOPER/MANAGER THAT HASN'T TAKEN A HIT, the Las Vegas Desert is littered with the bones of those who lost their A$$ (Notice with dollar signs) in Vegas and especially Atlantic City!

Do you know how many failures have occurred over the past 15 years that make Trump's loss seem like chump change? Almost as many grains of sand in the desert surrounding Las Vegas (Exaggerated for effect)?

The problem with it, is that your claim is false.

He stiffed a contractor on his Mar Largo estate, who nearly went bankrupt and put his own business in jeopardy.........when Donald didn't pay him, and therefore he couldn't meet his own payroll and creditors and suppliers for the work already done.

You can't order $300,000 Worth of work......and then say, I'm only willing to pay $50,000. ....after the $300,000 Worth of work is done..........and then say "sue me" if ya don't like it.

The guy was already OUT $250,000........and didn't have the cash to hire lawyers for lengthy litigation, when his own creditors were expecting to be paid, from the $300,000 he was due.

I think people the people that will jump at the chance to agree with you that Trump is a con artist for filing bankruptcy....will likely have filed for bankruptcy themselves.

Democrats always did have a thing for accusing Republicans of what they themselves are guilty of.

They act like anyone could make it in NYC real estate with a million dollar loan. Dude is recognized legit here, by everyone...till the progressives showed up.

Oh yeah, he's a real American hero. It takes tremendous stamina to be born rich these days.

Hedge .funds = people like you. If your Trumpster is to be commended then how about starting by showing his tax returns?