For subscribers
Why no one will lend to Trump
The Republican candidate’s financial difficulties pose risks for America and for himself.
Sign up now: Get ST's newsletters delivered to your inbox
There is nothing to stop Trump from being broke and winning the White House, says the writer.
PHOTO: REUTERS
Edward Luce
Follow topic:
For Donald Trump, it would not be seven times a charm. His first six bankruptcies all took place before he went into politics.
Most of these occurred in two phases: in the early 1990s after he had over-extended on a clutch of Atlantic City casinos, then on various properties before and after the 2008 crash. America’s Chapter 11 bankruptcy protection got him out of trouble.
