Donald Trump has turned his back. Walked out the door. Left without saying good-bye.The Trump entertainment empire has gone belly up.
That will happen when a business enterprise takes out loans and then can't pay the interest when it comes due.
About all that Donald Trump had at stake was his name, since he stepped back from his earlier position in 2004 when the company went bankrupt for the first time.
Ever the boastful lad, Mr. Trump has declared that he's not hurt by the failure and he's still worth plenty. Don't be holding a fund-raiser for him, indeed not, he's comfortable yet.
The casino and resort operation had more debt than it could handle, and apparently not enough gamblers sitting at the slot machines. When times get bad, even the poor have to cut back on their cheap forms of entertainment, and that means less time at the casino and less money flowing out of the pocket and into the casino's coffers.
So what does this failure mean for the good people of Scotland, who are in the middle of having a Trump-operated resort shoved down their haggis-loving throats? Is it possible that the pristine beauty of the Scottish coast will be saved because of an economic downturn? Is there a glint of silver lining in this dark cloud?
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