"[Trump] appoints as his commerce secretary one of leading s in America, Wilbur Ross, whose specialty is seizing a company that's run out of cash, recapitalizing it. You don't pay the bills you owe... (something that Donald Trump never heard of). You borrow new money (something Donald Trump certainly has heard of) then you squeeze the borrowed money out and put it in your own pocket, and you turn the zombie [company] loose until it dies."
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Businesspeople from the United StatesPeople from New JerseyYale University alumniUnited States Secretaries of Commerce
Original Language: English
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David Cay Johnston, "David Cay Johnston, 'It's Even Worse Than You Think' (Jan 27, 2018)" a presentation at , 16:18.
https://en.wikiquote.org/wiki/Wilbur_Ross
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Wilbur Ross
Wilbur Louis Ross, Jr. (born November 28, 1937) is an American businessman who served as the 39th United States Secretary of Commerce from 2017 to 2021. A member of the Republican Party, Ross was previously chairman and chief executive officer (CEO) of WL Ross & Co from 2000 to 2017.
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