2min snip

If Books Could Kill cover image

The Art of the Deal

If Books Could Kill

NOTE

Strategic Financial Maneuvering and its Impacts

The speaker discusses how Trump used financial strategies, such as delaying personal debt payments and having the company absorb his debts, to insulate himself from the impacts of bankruptcy, leaving contractors, shareholders, and employees to bear the brunt. This maneuvering, though legal, demonstrates a systematic issue in which rich individuals exploit structures to protect their wealth, resulting in less responsibility despite great power. The speaker attributes Trump's continued wealth to his adept exploitation of this system and highlights it as an example of the reverse 'Spider-Man principle' in America's economic landscape.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode