How Trump Maneuvered His Way Out of Trouble in Chicago

New York Times: “The president’s federal income tax records… show for the first time that, since 2010, his lenders have forgiven about $287 million in debt that he failed to repay. The vast majority was related to the Chicago project.”

“How Mr. Trump found trouble in Chicago, and maneuvered his way out of it, is a case study in doing business the Trump way.”

“When the project encountered problems, he tried to walk away from his huge debts. For most individuals or businesses, that would have been a recipe for ruin. But tax-return data, other records and interviews show that rather than warring with a notoriously litigious and headline-seeking client, lenders cut Mr. Trump slack — exactly what he seemed to have been counting on.”