Trump's Potemkin Village

Quote
Republicans are panicky, for good reason. We have seen this movie before. It’s called the Trump Taj Mahal Atlantic City.

In that, the first of his enterprises’ four bankruptcies, he convinced regulators he could raise plenty of money to complete the $1 billion project, claiming his golden name meant he wouldn’t have to rely on high-interest junk bonds, as other developers did. But then he issued junk bonds. Gamblers didn’t show up and spend the money he needed. Costs got out of control. Six months after the Taj opened in April 1990, it was in default, and nine months after that it went bankrupt, followed by two other Trump casinos.

WaPo

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Dostoevsky