…
It turns out that Trump may have called in a major favor: Court records filed Friday show that the bond was guaranteed by the Chubb Corporation, an insurance group. In 2018, Trump appointed Chubb’s CEO Evan Greenberg to a White House advisory committee for trade policy and negotiations.
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