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I was just listening to Donald Trump as he discussed things other than the Birther issue. He was asked by George Stephanopolas about his credibility with budget deficits, etc., since he has taken bankruptcy a couple of times.
Mr. Trump said he did not take bankruptcy. He "used" the bankruptcy system in order to make money and made a lot of money because it was a good business deal for him. He bought a business, did not make the payments, then when it was in bankruptcy procedings, he made a really good deal.
Now this must be an acceptable way of doing business, but I've always thought it was honorable to keep the financial arrangements you make. I remember a doctor who went in debt for hundreds of thousands of dollars worth of really fancy equipment for his office, then he took bankrupcy. The other doctors did not look at him as if he had "made a really good deal" but instead looked at him as a poor businessman.
How do the rest of you feel about this? Is this acceptable business behavior in today's business world? Do you approve? Is this an example of a really good business deal, in Mr. Trump's words or would you do it that way?
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