[Congressional Record (Bound Edition), Volume 162 (2016), Part 5]
[House]
[Page 6998]
[From the U.S. Government Publishing Office, www.gpo.gov]




                       TRUMP'S RECORD OF FAILURE

  (Mr. POLIS asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  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.
  The SPEAKER pro tempore. The Chair would remind Members to refrain 
from engaging in personalities toward presumptive nominees for the 
Office of President.

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