Guess What? Donald Trump Can't Pay His Bills Either
A couple of weeks ago, Donald Trump said the financial crisis would turn out to be totally fantastic (or "huuuge") for his real estate business, and he'd end up doubling his net worth when all was said and done. He was just deflecting the truth, of course: The interview came a couple of days after the Wall Street Journal documented the many troubles at his Trump International Hotel & Tower in Chicago and suggested he might even lose control of the property if he couldn't buy more time from the bank that had loaned him $640 million. Well, it turns out he couldn't, which is why Trump filed suit today against Deutsche Bank, who provided him the cash to construct the gold-plated monstrosity. Trump argues he was wronged when his lenders denied his request for an extension. Why? Because they're legally obligated to give him more time on account of the financial crisis. That's a clever one! We're totally going to try using that excuse the next time our credit card bill comes in the mail!