The thing about Trump (The Donald) though is the fact he is an expert in the Chapter 11 arena.
True among many other practices that I see no honor (ftr, the use of other's money is not an issue) and he is a great promoter whose name for whatever reason remains in demand. I am not sure if this will hold true in the future but based on his past, there is no basis for me currently to win ,lol, this debate other than the simple cliche and maybe more but not relevant.
He practically wrote the book on it and how to come out smelling like a rose afterward.
He has had 8 lives.
His main secret to his winning formula is the fact that he gets his investors and banks so far out on a limb and over-leveraged with him and his ventures that (They) cannot afford to let him fail. This has been the case in his two past filings history
The above certainly is true but no secret (will not nit pick "winning" as you prolly just used as a figure of speech) and also as you state specifically applies to his two past casino filings.
Many different dynamics now and personally he was told to go sit in the corner. I want to view the 10-K but it appears all he stands to lose is his equity valued at ~ $1.5 million. It will be a challenge at least for Trump Entertainment to be party to any on-going concern pursuant to the AC casinos.
Of course Trump will not sit in the corner as there may be something for him to gain (definitely in a non-declining stable market without the uncertainty of future economic and credit conditions). Do what you gotta do but with class,character,integrity and honesty.
So, he did know what he was talking about in his book "The Art Of The Deal"..."The Donald" loves the credit markets
I assume the premise is your post since you say "So". Correct me if I misunderstood.
I reread 4 chapters tonight after dusting. I was not focusing on whether his overall premise is correct but at that time I believe his only failure was the USFL. Humility does not exist in his vocabulary. Regardless, today TAOTD is no college text book but in the 80's it was a must read that was almost repulsive as I reread tonight but then again 1987 was the year of Gordon Gecko.