Expert warns Trump’s $225M rescue plan would dump casinos back into bankruptcy

The Philadelphia Inquirer’s March 9, 2010 courtroom coverage quotes Icahn witness Stuart Gardner testifying that Trump Entertainment would default again under Trump’s proposal to invest $225 million, keep the Trump name, and give himself a 5 percent stake. The piece also recaps Trump’s Feb. 25 testimony that Icahn "doesn’t spend money," underscoring that Trump banked on branding instead of capital even as regulators feared a new collapse.

"doesn’t spend money,"