Clavicular's friend went out with him to the club and spent the whole night watching him pull girls while sitting on his phone ππ
"being Clavicular's wingman is just being a spectator with a front row seat π"
In 1990, Donald Trump owed $3.4 billion and went on NBC acting like nothing was happening.
In 1990, Donald Trump owed $3.4 billion and went on NBC acting like nothing was happening.
He's 44. Sitting in Trump Tower. The Taj Mahal just opened for $1 billion, funded almost entirely by junk bonds at 14% interest. Revenue projections are already falling short. Contractors aren't getting paid. He owes money to over 70 banks. $832 million of it he'd personally guaranteed.
He doesn't flinch.
A year earlier he was on the cover of every magazine in New York. He owned a yacht, an airline, three casinos, the Plaza Hotel. Forbes pegged his net worth at $1.7 billion.
By summer 1990, regulators warned of "the possibility of a complete financial collapse of the Trump Organization."
The Taj Mahal filed for bankruptcy in 1991. Trump Castle and Trump Plaza followed in 1992. The Plaza Hotel filed the same year. His yacht was sold. The airline shut down. The banks put him on a personal budget. The New York Post ran the headline "UH-OWE!"
His father sent a lawyer to one of his casinos to buy $3.3 million in chips. Not to gamble. To inject emergency cash. The Casino Control Commission fined them $65,000 for the illegal loan.
The banks could have buried him. They didn't. They calculated that the name on the building was worth more than the debt behind it. So they restructured. He gave up equity, sold assets, and clawed back deal by deal.
In 1995 he declared a $916 million loss on a single tax return.
By 2004 he was hosting the most watched show on television. By 2016 he was President of the United States.
The man on this tape is $3.4 billion underwater and talking like he owns the room. That's either delusion or the reason he survived.