If you haven't read Jane Mayer's article, it's a MUST READ!
DONALD TRUMP’S GHOSTWRITER TELLS ALL
“The Art of the Deal” made America see Trump as a charmer with an unfailing knack for business. Tony Schwartz helped create that myth—and regrets it.
"...Trump was also building a third casino in Atlantic City, the Taj, which he promised would be “the biggest casino in history.” He bought the Eastern Air Lines shuttle that operated out of New York, Boston, and Washington, rechristening it the Trump Shuttle, and acquired a giant yacht, the Trump Princess. “He was on a total run of complete and utter self-absorption,” Barrett says, adding, “It’s kind of like now.”
Schwartz said that when he was writing the book “the greatest percentage of Trump’s assets was in casinos, and he made it sound like each casino was more successful than the last. But every one of them was failing.” He went on, “I think he was just spinning. I don’t think he could have believed it at the time. He was losing millions of dollars a day. He had to have been terrified.”
In 1992, the journalist David Cay Johnston published a book about casinos, “Temples of Chance,” and cited a net-worth statement from 1990 that assessed Trump’s personal wealth. It showed that Trump owed nearly three hundred million dollars more to his creditors than his assets were worth. The next year, his company was forced into bankruptcy—the first of six such instances. The Trump meteor had crashed...."
http://www.newyorker.com/magazine/2016/07/25/donald-trumps-ghostwriter-tells-all
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