A massive, billion-dollar casino in Atlantic City.
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Trump emphasizes that when you owe a bank a small amount, they own you; when you owe them billions, you effectively own them. He used this leverage to force banks to restructure his loans.
While The Art of the Deal captured Trump’s rise as the flashy, brash builder of skyscrapers and casinos, The Art of the Comeback captures the grit. The early 1990s were unkind to Trump. Over-leveraged in Atlantic City casinos and Manhattan real estate, he faced a staggering $3.4 billion in debt, forcing him into a corporate restructuring that many pundits called a "humiliation." A massive, billion-dollar casino in Atlantic City
Donald Trump: The Art of the Comeback (co-authored with Kate Bohner) was published in 1997, acting as a follow-up to his massively successful 1987 debut, The Art of the Deal . While the first book focused on the rise, this second installment focuses on overcoming the severe financial crises and real estate downturns of the early 1990s. For those looking to understand the resilience strategies of Donald Trump during a critical point in his career, finding a can offer direct insight into his mindset during that era.
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Direct advice on how to handle lenders.
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