Quote:
Originally Posted by WhipperSnapper
Why shouldn't we expect a higher standard from individuals that through their investment affect so many lives? How many jobs were lost the first time he severely over leveraged himself forcing the banks to write off nearly half a billion dollars. How many jobs were ended the next time he pulled it off. Sorry, but he's a dick to use his privileged status and continue to shield himself through scale while making super risky decisions all the while he flies around on his bloated jet. He sucks at business. He's an expert at manipulating the systems though. Unfortunately, he's far from the only one out there to use his inherited wealth and connections so you do have a point.
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I will say, Trump leveraged the laws that exist to protect himself, and if politicians didn't like it (such as Obama or Hillary) they could have simply brought it up before and spent their political capital prioritizing fixes for the problems that Trump exploited.
Trump himself had no problem loudly shining lights on the laws he used to protect himself during the presidential debates, and rightly called out other politicians for only complaining about it since he was their incidental political opponent of the day.
Banks and lenders and financiers are not little babies that need more and more laws to protect them. Those banks knew the risks, and they signed the contracts, and they understood the bankruptcy laws.
We are living in an absurd age where political opponents of Trump are out there defending the "little guy banks" from big bad Trump.