@McGentrix,
So he's gotten smarter since then?
Trump Airlines
By Kayla WebleyFriday, Apr. 29, 2011
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David A. Cantor / AP
In October 1988, Donald Trump threw his wallet into the airline business by purchasing Eastern Air Shuttle, a service that for 27 years had run hourly flights between Boston, New York City and Washington, D.C. For roughly $365 million, Trump got a fleet of 17 Boeing 727s, landing facilities in each of the three cities and the right to paint his name on an airplane. Trump pushed to give the airline the Trump touch, making the previously no-muss, no-fuss shuttle service into a luxury experience. To this end, he added maple-wood veneer to the floors, chrome seat-belt latches and gold-colored bathroom fixtures. But his gamble was a bust. A lack of increased interest from customers (who favored the airline for its convenience not its fancy new look) combined with high pre–Gulf War fuel prices meant the shuttle never turned a profit. The high debt forced Trump to default on his loans, and ownership of the company was turned over to creditors. The Trump Shuttle ceased to exist in 1992 when it was merged into a new corporation, Shuttle Inc. No word on whether the gold-plated faucets survived the merger.
Trump Vodka
By Kayla WebleyFriday, Apr. 29, 2011
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Michael Bezjian / WireImage
The Donald had a vodka. Trump vodka (labeled super premium, naturally) was introduced in 2006 to much fanfare. Under the slogan "Success Distilled," the liquor was touted as the "epitome of vodka" that would "demand the same respect and inspire the same awe as the international legacy and brand of Donald Trump himself." At the time, Trump predicted the T&T (Trump and Tonic) would become the most requested drink in America, surpassed only by the Trump Martini. On Larry King Live, he said he got into the vodka business to outdo his friends at Grey Goose. Six years later, Grey Goose is still on top shelves throughout the country. As for Trump vodka? Yeah, we'd never heard of it either. The New York City blog Gothamist reports the vodka has stopped production "because the company failed to meet the threshold requirements." Two weeks ago, Trump's company filed an injunction to prevent an Israeli company from selling Trump vodka without his consent or authorization. Meaning the Donald stopped the only people in world who wanted to drink his vodka from doing so.
The Bankruptcies
By Claire SuddathFriday, Apr. 29, 2011
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Dennis Van Tine / ABACAUSA.COM
"I don't like the B word," Donald Trump said in 2010 while testifying in a New Jersey bankruptcy courtroom about his gambling company, Trump Entertainment Resorts Inc., which had filed for bankruptcy for the third time. Given the number of times Trump has flirted with bankruptcy, you'd think he'd be used to that word by now.
In 1990, the banking institutions that backed his real estate investments had to bail him out with a $65 million "rescue package" that contained new loans and credit. But it wasn't enough, and nine months later the famous developer was nearly $4 billion in debt. He didn't declare personal bankruptcy, although his famous Taj Mahal casino in Atlantic City, N.J., did have to file for it (bondholders ended up taking a 50% stake in the investment). Trump's economic troubles continued through the early '90s, while he was personally leveraged to nearly $1 billion. In 2004, Trump Hotels & Casino Resorts also filed for bankruptcy. The company was only a small portion of Trump's real estate empire, but he did still have to personally cough up $72 million to keep it afloat. In 2009, the same company (by then renamed Trump Entertainment Resorts Inc.) filed for bankruptcy again. Yet during all of this, no one ever told Trump, "You're fired!" Probably because no one could.
Trump Mortgage
By Stephen GandelFriday, Apr. 29, 2011
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J. Kempin / FilmMagic
In April 2006, Trump announced that, after years in the real estate business, he was launching a mortgage company. He held a glitzy press conference at which his son Donald Jr. predicted that Trump Mortgage would soon be the nation's No. 1 home-loan lender. Trump told CNBC, "Who knows more about financing than me?" Apparently, plenty. Within a year and a half, Trump Mortgage had closed shop. The would-be lending powerhouse was done in by timing (the housing market cratered in 2007) and ironically enough, given Trump's Apprentice TV show, poor hiring. The executive Trump selected to run his loan company, E.J. Ridings, claimed to have been a top executive at a prestigious investment bank. In reality, Ridings' highest role on Wall Street was as a registered broker, a position he held for a mere six days.
Trump: The Game
By Megan GibsonFriday, Apr. 29, 2011
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In 1989, the Donald teamed up with Milton Bradley to release Trump: The Game, a Monopolyesque board game in which three to four players must buy and sell real estate and try to trump one another in business deals. A year later Trump admitted the game was vastly underselling the predicted 2 million units he and the toy company had hoped for. Not one to abandon ridiculous ideas, Trump revived the game 15 years later after his success on The Apprentice, making sure to incorporate the series catchphrase "You're fired!" into the game. Other updated features included a sterner-looking Trump on the box cover, somewhat simpler rules and cards with business tips. Enduring feature? The considerable tack factor of a Donald Trump board game.
The China Connection
By Alexandra SilverFriday, Apr. 29, 2011
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Iain Masterton / Photographer's Choice / Getty Images
"The problem with our country is we don't manufacture anything anymore," Donald Trump told Fox News a year ago. "The stuff that's been sent over from China," he complained, "falls apart after a year and a half. It's crap." That very same Donald Trump has his own line of clothing, and it's made in ... China. (O.K., O.K. — not all of it. Salon, which reported this intriguing, head-scratching fact, notes that some of his apparel is from Mexico and Bangladesh.)
Trump Casinos
By Megan FriedmanFriday, Apr. 29, 2011
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Saul Loeb / AFP / Getty Images
Donald Trump's gambles don't always go as planned. Especially when that gamble is gambling itself. In February 2009, Trump Entertainment Resorts Inc. filed for Chapter 11 bankruptcy protection for the third time in a row — an extremely rare feat in American business. The casino company, founded in the 1980s, runs the Taj Mahal, the Trump Plaza and the Trump Marina. All three casinos are located in Atlantic City, N.J., where the gambling industry has faced a decline in tourists who prefer gambling in Pennsylvania and Connecticut instead. Trump defended himself by distancing himself from the company, though he owned 28% of its stock. "Other than the fact that it has my name on it — which I'm not thrilled about — I have nothing to do with the company," he said. He resigned from Trump Entertainment soon after that third filing, and in August of that year he, along with an affiliate of Beal Bank Nevada, agreed to buy the company for $100 million. The company reported it emerged from bankruptcy in July 2010.
Trump University
MAY 23, 2005 FILE PHOTO BEBETO MATTHEWS/AP
The so-called "Trump University" led to two ongoing lawsuits.
This for-profit school ended about as well as you’d expect for anything called “Trump University.” The campus-less institute opened in 2005 and allegedly swindled some students for up to $35,000 with grand promises of top-notch business lessons.
“As soon as I attended the first workshop, I knew I had been scammed,” one student, Robert Guillo, told the Daily News last year.
Four students sued the school in 2010, leading Trump to change its name to the “Trump Entrepreneur Initiative” before closing it down altogether. The New York Attorney General sued Trump and the shuttered school for $40 million for alleged fraud.
The lawsuits against Trump University may soon be heading to trial, and have somehow barely been mentioned on the campaign trail.
Trump magazine
2007 wasn’t a wise time to start launching print magazines. But Trump apparently didn’t get the memo, and trumpeted his new rag as a magazine that would be “tapping into a rich cultural tapestry.”
Turns out the tapestry wasn’t so rich — it folded in 2009.
If around today, there’d be at least one publication willing to endorse Trump for President.
GoTrump
Touted at the time as Trump’s “biggest venture to date,” he helped launch this travel site in 2006, which gave vacation recommendations based on Trump's own favorite spots.
“I love to travel and I invite everyone to experience GoTrump.com,” he said in a press release.
Few took the invite. GoTrump went away after only a year.
The Apprentice board game
Winners don’t just lose — they play again!
Not content to let his board game stakes slip, Trump roared back on the scene with a Hasbro game based on his TV show. It was essentially similar to his first game, especially when it came to sales — this one, too, was swiftly discontinued.
It’s now on eBay for as low as $6.
There's a ton more, if you'd like to see, let me know.