written by Michael Kruse. added almost 4 years ago by @icyflame ARCHIVES

donald-trump trump us government president history    

This crisis was formative, and Trump survived because of family money, permissive banks that were tied to him as much as he was tied to them, the Houdini-esque work of a lender-mandated financial rescue artist and far more than his fair share of chutzpah. The close scrape with personal bankruptcy and business ruin didn’t chasten Trump. It did the opposite. “The fact that he got through it,” former Trump Organization Vice President Barbara Res said, “made him believe he could accomplish anything, conquer anything.” And he talked when he could about running for president. It was always a bluff. Until, of course, it wasn’t.

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