The latest victim of the financial crisis is Trump. No, not Donald Trump. It’s the Trump casinos filing for bankruptcy.

The Trump casinos filed for bankruptcy after Donald Trump resigned as Chairman of the board. He was reported as being frustrated that bond holders and their allies on the board rebuffed his effort to buy the company private. Why didn’t he tell the board “You’re fired!”

All these while I thought the gambling business is a sure win business. The gambling odds favor the house. It beats me as to why the Trump casinos had to file bankruptcy.