DEBT Donald the Deadbeat

DEBT Donald the Deadbeat

Donald Trump showed his bankers last week that he can still play a mean game of chicken. The embattled developer disclosed that he failed to pay at least $30 million that was due Friday on bonds issued by his Trump Castle casino in Atlantic City. His missed payment could lead to default, which in turn could push all or part of Trump's holdings into bankruptcy. He knows his bankers want to avoid that, since it could leave them with a lot of hard-to-sell real estate in New York and New Jersey.

Trump, who has a ten-day grace period to make his...

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