Dear City of Racine Alderpersons,
President
Donald Trump has proven - again and again - that Bankruptcy is the way
to preserve wealth and ensure future growth. So far, it is a strategy
that the functionally bankrupt City of Racine has failed to
explore/implement.
Fourth Time's A Charm: How Donald Trump Made Bankruptcy Work For HimHere at FORBES, we've been tracking
Donald Trump's wealth since the inaugural
Forbes 400 rich list in 1982. Today, we value him at $2.7 billion, although he
claims he's worth far more.
One question we're often asked when talk turns to Trump's fortune: how
can a man who has been bankrupt so many times remain a
multi-billionaire? How is he worth more now, post-bankruptcies? We spoke
to bankruptcy lawyers and casino industry experts -- some of whom have
had firsthand involvement in Chapter 11 cases connected to Trump -- in
an attempt to explain how he has survived corporate bankruptcies and
thrived in the aftermath.
https://www.forbes.com/sites/clareoconnor/2011/04/29/fourth-times-a-charm-how-donald-trump-made-bankruptcy-work-for-him/#5a9842337ffa
With
the RDA operating at a loss on borrowed money, multiple lawsuits coming
your way, and the City of Racine burning through it's reserves at an
unsustainable rate - per the City of Racine 2016 Audited Financial
Report - the option of declaring Bankruptcy needs to be considered. If
special legislation is required - don't worry - the Walker
Administration will do it.
1 comment:
The City of Racine Attorney's Office is burning through over $1.1M cash per year - while Lawsuits only multiply!
When do City of Racine Alderpersons *WAKE UP* and FIRE the Incompetents who are providing bad legal advice?
And that includes Letteney and Ekes!
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