Professor Bainbridge...on law, politics, religion, culture & food

You’re fired

He may have a hit TV show, a new book and a stable of high-profile real estate, but "The Donald's" Trump Hotels & Casino Resorts Inc. may be on shaky ground. In a statement accompanying Trump Hotels' annual regulatory filing, the company's auditors, Ernst & Young, said there are conditions that "raise substantial doubt about the company's ability to continue as a going concern." Auditors' statements in annual filings usually are standard statements; it's rare for an auditing firm to question the client's ability to continue as a company.

rare? Try almost unheard of. It's a very, very bad signal.