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A Real Estate Developer Can Go Bankrupt. A President Can’t.

After the recent Brexit vote in Britain, Donald J. Trump, the presumptive Republican nominee for president, commented on the fallout: “I don’t want to have a plummeting pound. But if it does plummet, I do well.”

Similarly, in 2006, before the collapse in the housing market, Mr. Trumpsaid, “I sort of hope that happens because then people like me would go in and buy.”…

Source: A Real Estate Developer Can Go Bankrupt. A President Can’t. – The New York Times

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