The New York Times reports that Trump once again made a ridiculously shitty business deal that lost massive sums of money. And then he blackmailed his favorite lender Deutsche Bank and another partner into forgiving the debt and took advantage of a tax loophole to avoid paying taxes on the money he saved. According to a former IRS commissioner on CNN, it doesn’t appear that he broke any laws but was extremely “aggressive” with his tax avoidance.
Trump, as usual, is simply saying the quiet part loud. This sort of chicanery is the entire US financial system. It’s rotten all the way down.