Hi nereo. It isn't just me saying Podesta created a conflict of interest. Read those articles. He was required to sign papers and take steps to eliminate any concerns and it doesn't appear he did so when he put his daughter in law in charge of his stock. You can hold him to a lower standard if you want. In regards to companies that do business with him your position is they can't help themselves? Again I will assert (with only my personal understanding of how many companies it takes to build a building) that for every company that Trump disputes payment there are dozens that he doesn't because they did a good job. For what it is worth I will again state that I don't like Trump even though I do agree with some of his proposals. My main concern is to stop the Clinton's from getting back into power and voting for any other candidate can't accomplish that. For the most part I am taking up the advocate position on Trump just to balance the scales a bit as this ship seems to be tilted to one side. If we all agreed what fun would that be.... Also someone mentioned that they think I dislike democrats/liberals. That isn't true. Just criminal ones.
I am assuming you didn't read the article about the Trump Taj project. Well I'll put it bluntly. Trump hired contractors to do a job. Those contractors did their job. At no point did Trump claim they did a poor job nor refuse to pay them because of this. He did however have all kinds of financial issues (massive debt), which he lied about, and ultimately could not afford to pay those contractors.
Figuring out that litigation would probably cost more and take years, the contractors and Trump settled on drastically reduced payments. So reduced that some folks went out of business (we are talking millions). I guess it's ok because he pays some folks. That logic is a bit flawed but let's be honest, supporting Trump means you have to accept some extremely flawed logic.
Asking why folks still do business with Trump is pretty disingenuous. A self imposed multi-billionaire looking for contractors isn't going to have a tough time finding them. Regardless of his past.
Here's my blunt response Beginner. I read the USA today article and I don't see anything related to the Taj Mahal project as you describe it above so if I'm looking at the wrong article let me know. Having lived in NJ during that time I did recall that the Taj Mahal project was quite a mess so I looked it up on Wikipedia. The project wasn't even started by Trump and probably left quite a few contractors out in the cold before Trump was even involved. That being said the project at the point he got involved cost almost a billion dollars to complete, which he did. I can't find any details on whether or not the 96 million the article states was in dispute related to over 200 subcontractors originated from the original project or from when Trump got involved but it was probably a mix of both. Also during that time the country was going through a recession which I am sure in part resulted in the prepackaged bankruptcy. I actually lost my job during that down turn as my company all but folded. So I would say in conclusion it is never as simple as some new's organizations would like to make it out to be. I am sure Trump probably shafted some contractors who probably deserved more but in his mind they provided substandard work. At least that is what he says in the article you asked me to read.
From Wikepedia:
"Construction of the Taj Mahal was begun in 1983 by Resorts International, owner of the neighboring Resorts Casino Hotel, with an estimated budget of $250 million.[4][5] Resorts head James Crosby said it might be named the United States Hotel, in reference to the city's first major hotel.[6]
After Crosby's death in April 1986, Resorts International became a takeover target.[7] The Taj Mahal had encountered construction problems, and Crosby's heirs, lacking experience in large development projects, doubted their ability to complete it successfully.[8] Donald Trump, who owned two other Atlantic City casinos, beat out several other bidders to purchase a controlling stake in the company for $79 million in July 1987.[9] Trump was appointed chairman of Resorts International, and said he would complete the Taj Mahal in about a year.[9]
Because New Jersey law prohibited anyone from owning more than three casinos, Trump planned to close the original Resorts casino and operate it as a hotel annex to the Taj Mahal.[10][11]
As the total budget had ballooned to $930 million, Resorts sought to raise $550 million to complete the Taj Mahal, but struggled to find the financing.[12] With the company claiming to be near bankruptcy in early 1988, Trump made a tender offer to buy all outstanding stock for $22 a share, stating that he was willing to personally finance the construction, but only if he owned the entire company.[13] Television producer Merv Griffin made an unexpected offer to purchase the company for $35 a share,[14] sparking a highly publicized takeover battle,[15] with Trump and Griffin filing lawsuits against each other.[16] The two ultimately reached a settlement, which was executed in November 1988, with Griffin purchasing the company, and Trump purchasing the Taj Mahal from the company for $273 million.[17]
Trump raised $675 million to finance the purchase and completion of the casino, primarily through junk bonds with a 14 percent interest rate.[18][19]
The casino opened on April 2, 1990.[20] With 120,000 square feet (11,000 m2) of gaming space, it claimed to be the largest casino in the world (though this was disputed by the Riviera),[21] and billed itself as the "eighth wonder of the world."[22] An elaborate grand opening ceremony was held three days later.[23]
In 1991, the Taj Mahal went through a prepackaged bankruptcy, resulting in Trump giving a 50 percent stake in the business to its bondholders in exchange for lowered interest rates and a longer payoff schedule.[24][25]
Trump's new publicly traded company, Trump Hotels & Casino Resorts, purchased the Taj Mahal in 1996, in a transaction that valued the property at $890 million.[26][27]
The Taj Mahal was the highest grossing casino in the city until the opening of The Borgata in 2003. The Chairman Tower opened in 2008, bringing the complex to over 2,000 rooms."