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What Idiot Backed Trump’s Bond in E. Jean Carroll Trial? This One.
(newrepublic.com)
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this post was submitted on 09 Mar 2024
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politics
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Why would any corporation allow this and not instantly fire the CEO?
“Hey board, I just tied up a huge chunk of cash, with no possible return on investment, did I do good?”
Given the company is worth over $100b I don't even think something this value would be mentioned to the board, let alone concern them when they just bought a potential president for cheap
People would be shocked at how often insurance agencies are the backers/owners of personal loans. It's a bread and butter investment for them.
This is a loan in name only
Yeah, talk about an extreme possible return on investment - pocket change for a POTUS.
91 Million is a write-off for them. Not a tax write off (they don’t pay taxes already, obvs), an accounting write-off. Like at the end of the year they just go, “looks like we lost 91 million somehow. Oh well, subtract it from 100 billion and continue laughing