In a transfer nobody understands outdoors of billionaires ensuring billionaires get billionaire remedy, a billionaire has curried favor with the Orange Menace.
A fellow billionaire, Mr. Don Hankey, has provided Donald J. Trump funds to put up bond via considered one of his insurance coverage corporations. The identical billionaire is believed to additionally personal the financial institution that loaned Trump a number of hundred million in opposition to a few of his overvalued properties proper across the time New York started its lawsuit in opposition to the Trump crime household for fraud in 2022. Hankey would not want the cash, so he is not frightened about being paid, and he noticed that his good friend purchased a Supreme Court docket Justice, so he desires a President!
However the one that bankrolled the bond is an fascinating determine — and one who already has plenty of monetary ties to the previous president, MSNBC authorized professional Lisa Rubin noted on X.
“The corporate that underwrote Trump’s bond tonight within the NY Legal professional Normal’s civil fraud case, Knight Specialty Insurance coverage Co., is owned by Don Hankey, the so-called ‘king of subprime automobile loans.’ However that is not all,” wrote Rubin.
“Hankey, who’s #128 on Forbes’s 2023 checklist and #317 on the 2023 Forbes billionaires checklist, made his cash in auto providers. However he’s additionally believed to be the most important shareholder in Axos Financial institution.”
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“It is the monetary establishment that refinanced Trump’s loans on Trump Tower and Doral in 2022. Particularly, Axos has loaned Trump $100 million in his refinancing of Trump Tower and one other $125 million for Doral,” she wrote. “Each loans are usually not due till 2032, based on the Workplace of Authorities Ethics disclosure Trump made in August 2023.” She completed off with a desk exhibiting Trump’s liabilities on that disclosure type.
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