Illuminating the tantalizing possibility that the mighty just, yet, still, possibly fall, Trump Entertainment filed for bankruptcy protection today after missing deadlines for a $53 million interest payment and (clearly undeserved) grace period. Trump Entertainment, whose market value has plummeted from a 2005 peak of $842 million to $7.3 million, owns three casinos in Atlantic City, where revenues have likewise plunged given what's going on out there.
Founder Donald Trump, whose unearthly hairdo and unsavory t.v. show seem to be doing fine, had quit the board days before. It remains to be seen if he, too, will be seeking bailout funds soon.