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James Taylor Live: "The Frozen Man"

171
Wendell Zurkowitz ((slave to the waffle light))3/18/2024 9:37:22 am PDT

re: #167 steve_davis

he’s in real estate. he’s leveraged out the wazoo. and rising interest rates are probably killing him when he has to roll over loans.

Which is why he panicked like a deer in the headlights when he saw Covid coming down the pike in 2020: he feared his revenue streams drying up and being unable to service his rather hefty loans to banks in China and Saudia Arabia.

Wat do think was behind his half-trillion-dollar financial sector bailout package with only minimal oversight? Plenty of wiggle room there to put that money through some shell companies and get it to him in time to cover those loans.