Trump's Record of Failure

Floor Speech

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Mr. POLIS. Mr. Speaker, I am here to talk about the failed business record of likely Republican nominee Donald Trump. His own failed company, Trump Mortgage, actually pushed homeowners into subprime mortgages. Donald Trump not only lost money himself and his company went out of business, but millions of hardworking Americans also lost their homes during the housing crisis.

I also want to talk about his scam university that he set up, Trump University. The State of New York said it is illegal to use the name ``university'' because you are not running a university. He then changed the name before it went out of business.

It is also being sued by many of its students, who paid up to $35,000, thinking, as it said in the informercials, that Trump had handpicked the instructors. But according to Donald Trump's own deposition, he never selected the instructors for the program. In fact, he hadn't even met most of them and didn't even know who they were. That is why, in 2014, a New York judge found Donald Trump personally liable for operating the company without the required business license.

Look, what a track record: losing money, forcing subprime loans on Americans and taking money from hardworking Americans, and then going out of business with his fake university company. This is Donald Trump's record of failure.

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