![]() ![]() According to an article in the Atlantic City Press, a lawyer representing Fred Trump showed up at the Castle on Dec. Father Fred, who founded the family fortune, has more restraint than Donald - and more ready cash.Īnd even at the age of 85, Fred is clearly much smarter than the people who run some of the nation's biggest banks: He knows better than to lend money to his son.įred gave Donald the equivalent of an interest-free loan by buying $3.5 million of chips from the Trump Castle casino-hotel in Atlantic City, N.J. All we have to do is follow the path blazed by that financial genius, Donald Trump, and his father, Fred.ĭonald, of course, is the one-time real estate-airline-casino mogul who has choked on the $3.5 billion or so he owes on his properties. So instead of afflicting you with my normal tales of gloom, doom, disaster and folly, I've decided to be upbeat this week.įorget the bad news - I've found the magic cure for our problems. Then there's the recession to worry about, along with the failures threatening to topple large parts of our financial system. The war in the Persian Gulf is depressing.
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