The big story for a few weeks now has been Trump (of course) and the judgment against him…..will he be able to come up with the bond money….many people thought he could squirm out of this predicament one way or the other.
And as accurate as always Trump managed to find a benefactor to put up the cash and save his assets from being grabbed.
So who was the knight in shining armor for Trump?
Don Hankey, the chairman and majority shareholder of Knight Specialty Insurance, told CNN on Tuesday that the deal to underwrite former President Donald Trump’s $175 million bond in New York came together quickly and that Trump posted all cash as collateral.
“It’s what we do. I’m happy to do it. We would have done it for anybody else,” Hankey said in a phone interview. “It was an easy transaction. It was put together very quickly.”
Based in California, Knight Specialty Insurance is known for providing subprime auto loans to car buyers with weaker credit scores.
Hankey, who has supported Trump’s presidential campaigns, said initially he reached out to the Trump Organization last month when the former president was having trouble putting together a bond of $464 million. Hankey has amassed a fortune that Forbes values at $7.4 billion.
(cnn.com)
Now ask what did he have to promise this obscenely wealthy leech to get his money?
But one billionaire is not the problem for this country….it is a mass of billionaires that are bankrolling the shyster Trump.
Donald Trump’s allies have put together a sprawling political operation that continually collects money from major donors, many of whom have interests before the Trump administration.
Six groups funded by dozens of ultra-wealthy donors have raised more than $50 million to support President Donald Trump and his agenda since his inauguration, a sharp reversal from his three-year-old pledge to be independent from moneyed interests, a Public Citizen analysis (PDF) has found.
It’s a sharp contrast with Trump’s first run for office, which was famously dysfunctional. Our analysis of Federal Election Commission data found that since the start of 2017, the six pro-Trump groups had raised $54.4 million from 136 megacontributors who donated at least $100,000 each, with an average contribution of nearly $400,000.
The money has been used to promote Trump’s agenda through ads and support Republican candidates.
These six groups, including America First Action and Trump Victory, are fueled with contributions from corporate CEOs, largely from the gambling, finance, real estate and energy sectors, as well as from dark money groups that do not disclose their donors.
The Super-Rich People Backing the Trump Agenda
All this mundane stuff just to get to the meat of this post….sorry about that….
Did you know that behind every authoritarian person stands at least one billionaire?
The problem is not just the far right, but the fact that there is an alliance between the super-rich and the far right… It’s true. Behind every fascist movement, there is a billionaire who discreetly supports it. The far-right scapegoats minorities: public anger is not directed where it should be, at the very rich who are destroying our means of survival.
George Monbiot: “Behind Every Fascist Movement There Is a Billionaire”
While article is mostly commenting on the environment his words could be translated into stopping the billionaires and Trump.
We can beat this marriage of far right and billionaires but that would mean that the people need to take voting seriously or lose everything in the aftermath.
Be Smart!
Learn Stuff!
I Read, I Write, You Know
“lego ergo scribo”
It has surely always been the case, but these days it is just more blatant and public.
Best wishes, Pete.
There is no cure for this except to get the money out of politics….and that will never happen in my lifetime. chuq