William Silber

Jan 8, 2025 | newyorker.com | Roger Lowenstein |Peter Thiel |With Masters |William Silber

When Genius Failedby Roger LowensteinIn 1998, the hedge fund Long-Term Capital Management collapsed after it lost a complex series of bets that it had made, using borrowed money, on global bond markets. These bets generally worked out fine in calm times, but not if something unexpected happened—as it did that summer, when Russia defaulted on its sovereign debt. L.T.C.M.’s collapse would have been easy for a writer to demonize in a crude way.

Jun 9, 2024 | wiwo.de | William Silber

Mit Zahlungsausfällen kennt sich Donald Trump aus. Mindestens vier Mal haben Trumps Unternehmen eine Restrukturierung nach Kapitel 11 des US-Insolvenzrechts beantragt, um sich überbordender Schulden zu entledigen. Zuerst das Trump Taj Mahal im Jahr 1991, dann das Trump Plaza Hotel 1992, zwölf Jahre später die Trump Hotels and Casino Resorts und schließlich 2009 die Trump Entertainment Resorts. Trump prahlt mit seiner Strategie ganz offen.

Apr 26, 2024 | marketwatch.com | William Silber

Donald Trump knows a thing or two about defaulting on debt. His businesses have filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code at least four times to overcome excessive indebtedness: first with Trump Taj Mahal in 1991, then Trump Plaza Hotel in 1992, Trump Hotels and Casino Resorts 12 years later, and Trump Entertainment Resorts in 2009. Moreover, Trump openly boasts about this strategy.

Apr 26, 2024 | marketwatch.com | William Silber

Your browser does not support the audio tag. This feature is powered by text-to-speech technology. Want to see it on more articles? Give your feedback below or email [email protected]. Donald Trump knows a thing or two about defaulting on debt.

Apr 23, 2024 | project-syndicate.org | William Silber

NEW YORK – Donald Trump knows a thing or two about defaulting on debt. His businesses have filed for reorganization under Chapter 11 of the US Bankruptcy Code at least four times to overcome excessive indebtedness – first with Trump Taj Mahal in 1991, then Trump Plaza Hotel in 1992, Trump Hotels and Casino Resorts 12 years later, and Trump Entertainment Resorts in 2009. Moreover, Trump openly boasts about this strategy.