Trump Entertainment to miss bond interest payment

November 30, 2008 by · Leave a Comment
Filed under: Stock Market News 

No one in immune in this market, not even the Donald & Co.  Knowing our government, we will see us bailing out the casinos.  Wouldn’t that be some irony?  My only question is who will be bailed out this week and how much will it cost?  

Last I heard, this bailout has added $24,000 per citizen in public debt.  Why are we taking on this size of debt to bail out companies but nothing to directly help the actually people being affected or financing this burden?  This does not seem very democratic to me.

News:

Casino operator Trump Entertainment Resorts Inc said on Friday it will not make a $53.1 million bond interest payment due on December 1 in an effort to “maintain sufficient liquidity.”

Read more