File 030005
Email from Jeffrey E. to Steve Bannon Regarding Trump's Financial Dealings and Casino IPO (File 030005)
Email correspondence discussing Trump's financial recovery in the 1990s, including his 1989 bankruptcy, casino restructuring, and the 1995 gaming company IPO orchestrated by Ribis.
Summary
Email from jeffrey E. to Steve Bannon dated February 28, 2018, discussing Trump's financial dealings and recovery from bankruptcy. The message describes how Ribis, influenced by Trump's dealmaking approach, helped Trump navigate his 1989 bankruptcy by working with Steve Bollenbach (then Hilton Hotels CEO) to negotiate with creditors. The email notes that Ribis orchestrated Trump's gaming company IPO in 1995, which restored Trump's wealth and allowed him to retain his casino holdings.
From: jeffrey E. [jeevacation@gmail.com]Sent: 2/28/2018 4:52:58 PMTo: Steve BannonRibis's Italian immigrant parents taught him to be tightfisted, but it was the Donald who introduced him todealmaking. As a kid in the New Jersey suburbs, Ribis rose before dawn to count the empty soda bottles at thefamily deli "so the suppliers couldn't cheat my mom on the deposits." When Trump faced bankruptcy in 1989,he turned to the team of Ribis and Steve Bollenbach, now CEO of Hilton Hotels, to fend off the banks andbondholders. Ribis helped persuade creditors to let Trump keep his trophy holding: his casinos. It was thegaming company's IPO in 1995, orchestrated by Ribis, that restored Trump's wealth.please noteThe information contained in this communication isconfidential, may be attorney-client privileged, mayconstitute inside information, and is intended only forthe use of the addressee. It is the property ofJEEUnauthorized use, disclosure or copying of thiscommunication or any part thereof is strictly prohibitedand may be unlawful. If you have received thiscommunication in error, please notify us immediately byreturn e-mail or by e-mail to jeevacation@gmail.com, anddestroy this communication and all copies thereof,including all attachments. copyright -all rights reservedHOUSE OVERSIGHT 030005