Except that's not quite right in this case, at least according to The New York Times. Rather than renegotiate to pay half of what he owned his lenders on the Chicago project, Trump actually paid, well, next to nothing. Here's how the Times describes it:
"Big banks and hedge funds gave him years of extra time to repay his debts. Even after Mr. Trump sued his largest lender, accusing it of preying on him, the bank agreed to lend him another $99 million — more than twice as much as was previously known — so that he could pay back what he still owed the bank on the defaulted Chicago loan, records show.
"Ultimately, Mr. Trump's lenders forgave much of what he owed."
These tactics, as you may have already figured out, aren't available to the average person. Or even a relatively well-to-do person. Trump leveraged his penchant for attracting publicity and his well-known reputation to sue, sue, sue in order to wriggle out of paying back almost $300 million in debts.
end partial quote from:
https://www.msn.com/en-us/news/politics/donald-trump-s-secret-sauce-for-not-paying-his-debts/ar-BB1atMad
This is why the ONLY bank now that will do business with him is Deutsche Bank and the only reason Deutsche Bank has anything to do with Donald Trump is Putin economically sponsors Trump with his own money. Otherwise, even they would have nothing to do with Donald Trump because he never pays his debts to anyone and prefers to sue everyone instead.
This is why seeing Trump as a Russian Oligarch owned by Putin is the best way to see who Trump actually is economically speaking at this point in time.
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