It is not as if Trump stated that he was doing extremely well during this time, he has said on record that the recession hurt him and many others in the industry at the time. In 1997 he wrote the “Art of the Comeback” a book about making it back to the top in the business world. He also stated in the first season of his reality TV show “The Apprentice” that he has bounced back from massive amounts of debt.
4.) Admitted to Losing Money