Trump: Sometimes I Use Laws of the Nation to My Advantage

RUSH TRANSCRIPT:

SCARBOROUGH: “Let me ask you about the bankruptcy question. There was some people after that talked about bankruptcy for a time, your company declaring bankruptcy four times. You then talk about how you were the person to take care of America's national debt. Square those two things up and I'm also wondering after you square that up, weren't there a lot of better answers that you could have given, like, for instance, the airline that I fly on, that I trust my life on, that I trust my children's life on that, I trust my family's life on, delta airlines. They went bankrupt and they came out a better company. Don't you think there are better ways to answer it than that?”
TRUMP: “I never went bankrupt.” 
SCARBOROUGH: “I know that, Donald.”
TRUMP:  “I have 500 companies. I did a filing. And I have 500 companies. I have a net worth of over $10 billion. I have an income of $400 million a year. This is in the federal filing. Or it's in the, you know, the filing, period. And I have an income, a tremendous -- and these are four companies out of hundreds of companies. And many other great people, Carl icahn, I could name ten people, they use the bankruptcy laws. And so do I. I bought things in the following day throw them in bankruptcy so I negotiate a great deal with banks. That they're not babies, by the way. They're pretty tough cookies. That's what I do. I use the threw my advantage. And I had made great deals. I make great deals, that's what I do. But out of hundreds of companies and hundreds of transactions, four of them. Now for her to bring that up. I think I answered it really well. Number one, I never went bankrupt. These are companies that are unrelated to a lot of things.”
SCARBOROUGH: “Yeah.” 
TRUMP: “I think I answered it really well. I built a tremendous net worth. But I use the laws of the nation sometimes to my advantage. They're there. You might as well use them. A lot of people don't get it. A lot of people don't know how. They don't understand it. And that's interesting and maybe it's better if they don't. But people such as myself, I could throw out names, Sam Zell, I could throw out Leon black of Apollo, a lot of big names. They do that and nobody talks about it. I could throw out other names. I won't do it. I don't want to embarrass anybody. But there is nothing to be embarrassed about. They have a company. They throw it in. They make a good deal. They take it out. And they're pros. We're pros. That question the way it was worded was I thought inappropriate. You wouldn't ask that question of Warren Buffett. You wouldn't ask that question of other people. But they ask it of me. I never went bankrupt.” 
BRZEZINSKI: “Donald Trump, thank you for calling in. We will see you soon. Hopefully on the set of "Morning Joe." Thanks a lot for calling in. Great talking to you.”