Donald Trump has driven his businesses into Chapter 11 bankruptcy six times, leaving shareholders, investors and taxpayers holding bill. He’s absorbed little more than public embarrassment for his incompetence. As he’s shown repeatedly, shame and embarrassment doesn’t affect him.

This article is a bit sensationalist. Mr. Trump, like most other wealthy business people, has likely set his holdings under many different corporate umbrellas. When one business unit fails, that corporation is shut down, leaving lenders, creditors, employees, investors, and government holding onto an asset that is not worth very much. But the other business units chug along without being affected. Even when Mr. Trump lost his casino business, it doubtful that the Trump family fortune was on the line.

And if Mr. Trump was truly incompetent in business, he would have frittered away the family fortune in the 30 or so years since he took over from his father. Losing a few business units along the way is not a sign of incompetent business. Even the best CEOs make “mistakes” for trying new things.

Does no one else recognize the pattern taking shape? Maybe there is some truth to what Senator Lindsay Graham said when he suggested Trump was too dumb to follow through on a quid pro quo.

I kind of doubt that. Mr. Trump knows QPK quite well. He understands when he has leverage and how to exploit it.