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America First Audit

He said it in public. These are the documents on what happened next. Browse all records.

Why these cases

Trump sold “America First.” This record traces how public money, power, and risk moved toward family businesses, donors, favored firms, and foreign governments: and what workers, ranchers, retirees, patients, veterans, and small investors were left to absorb.

Said vs. done

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Case 29 of 254

Plaza Hotel debt restructuring

Actions
documentedThe Plaza Hotel filed for Chapter 11 protection under a lender-backed restructuring plan.United Press InternationalU.S. Securities and Exchange CommissionRead record · 2 sources
People and impacts
Who gained
  • Plaza Hotel lenders
Who paid or was affected
reportedLenders gained control and Trump's ownership was reduced while the hotel continued operating.Open cited record
  • Plaza Hotel employees
Promise and assessment
The promise
documentedTrump said corporate bankruptcy law had produced advantageous outcomes for his companies, himself, employees, and family.The American Presidency ProjectRead record · 1 source

Promise partly kept

The restructuring contradicts any unqualified success narrative for the leveraged purchase. The hotel kept operating and Trump retained an interest.

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