I'm filing this item under schadenfreude: That shameful feeling of joy we get at the failing and suffering of others, especially people we dislike intensity.

Trump Mortgage is closing its doors less than two years after it began. The venture got off to a rocky start when it turned out the man tapped to run it, E.J. Ridings, had inflated his credentials.

According to The New York Post:

Trump played down his role in Trump Mortgage, saying it was just a licensing deal and he didn't have an ownership stake.

Trump is, however, licensing his name to First Meridian Mortgage, a lender that is being renamed Trump Financial.

Of course, Trump was talking about that when Trump Mortgage was going to be the next big thing.

Trump Mortgage closes shop originally appeared on BloggingStocks on Mon, 06 Aug 2007 15:15:00 EST. Please see our terms for use of feeds.