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by njarboe 3022 days ago
This is how limited liability corporations work. They have been around since 1811 and used/abused by everyone in business. Maybe there should be some better regulation or limitations on this form of organizing groups of people but what Trump has done is not unusual for someone with his amount of assets. Trump is par for the course.

Looking in more detail, it seems his companies have gone bankrupt 6 times[1] but he currently controls more than 500 companies[2] (Which is a bit strange. I would think he should have a lot more bankrupt companies if he is controlling 500 at the moment.) Maybe he is a better than average business man after all.

[1] http://www.politifact.com/truth-o-meter/statements/2016/jun/... [2]https://en.wikipedia.org/wiki/The_Trump_Organization