Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
How Many Times Has #LoserDonald Declared Bankruptcy?
Posted
August 2, 2016
Views
178,100
Likes
6,058
Comments
1,544
Engagement
4.27%
August 2, 2016
178,100
6,058
1,544
4.27%
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5:36Now PlayingDonald Trump like to tout himself as a successful businessman, but how “successful has he actually been? Cenk Uygur, host of The Young Turks, breaks it down. Tell us what you think in the comment section below.
“Donald Trump brags about how well his businesses have fared in bankruptcy. And in fact, no major U.S. company has filed for Chapter 11 more than Trump's casino empire in the last 30 years.
"I have used the laws of this country ... the [bankruptcy] chapter laws, to do a great job for my company, for myself, for my employees, for my family," he said during the first Republican presidential debate on August 6.
Trump claims that successful businesses file for bankruptcy all the time. At the debate he said "virtually every person that you read about on the front page of the business sections, they've used the [bankruptcy] law."
But the facts don't back that comment up.
Despite high profile examples, including General Motors (GM), Lehman Brothers and most of the nation's major airlines, fewer than 20% of public companies with assets of $1 billion or more have filed for bankruptcy in the last 30 years, according to data from Bankruptcy.com and S&P Capital IQ.”
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Hosts: Cenk Uygur
Cast: Cenk Uygur
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary)
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