Posted on 04/04/2024 9:01:56 AM PDT by Pontiac
Providing Donald Trump’s $175 million appeal bond when other insurers wouldn’t is business as usual for California financier Don Hankey. As chairman of the Los Angeles-based Hankey Group of Companies, which includes an insurer, a subprime auto lender and a commercial real estate investment firm, Hankey has amassed a fortune lending to borrowers other financial firms shun. Hankey’s assistance to Trump has brought the little-known billionaire into the spotlight. But in recent years, several of his companies’ operations attracted the attention of the U.S. Justice Department, the Consumer Financial Protection Bureau and the California Department of Insurance. Since 2015, regulators have taken action against Hankey’s companies four times, public records show.
In 2017, for example, the Department of Justice filed a complaint in federal court in California against Westlake Financial, Hankey’s big subprime auto lender. With a network of 50,000 car dealerships and $3 billion in managed assets, Westlake Financial calls itself “The Yes! Yes! Lender.”
(Excerpt) Read more at nbcnews.com ...
The guy may be a scumbag but being under federal investigation doesn't mean what it used to mean.
Who is regulating these “regulators”?
Thank you Gretchen. You can go back to making us a sandwich now.
So more targeted persecution?
Not me!
Anyone associated with Trump or any other Republicans for that matter, “attacts the attention” of the U.S. Department of JustUs. That’s why if you support any Republican politician, you should keep your early Saturday mornings open and keep a box of donuts on hand.
He must have been a Trump supporter. Every single major Trump supporter has “attracted the attention of the U.S. Justice Department, the Consumer Financial Protection Bureau and the California Department of Insurance. ..” And that is a fact!!!!
You mean New York-based insurers? Because if you're not insured by East Coast Leftists, you're not worth insuring. Right, Gretchen?
I think he’s about to attract their attention again. Heard a story on Greg Kelly last night about Jill’s ex husband who she was cheating on with Joe missed a quarterly tax payment in I think 1982. He was indicated for it just 21 days later. Weaponization is not new
Reading between the lines, they are threatening him with regulatory trouble.
So what?
I don’t think you can do business at any significant scale in the U.S. any more without “running afoul of regulators”. This is more about having too many regulators than any inherent problems with business.
Don’t care.
Next!
All will be resolved in January!
At least he is an American, verses the Ukrainians, Chinese, Iranians that Joe collects….
By helping Trump he will be investigated a lot more.
Four times in nine years it got investigated for mostly ERISA violations, some of which look more like a disclosure incident by the borrowers.
One would be hard pressed to find any other very large corporation that hasn’t had an ERISA investigation every other year.
EC
Agree Trump is under bogus federal investigation democrats are on a major hunt for loopholes.
Media has their had in their lap and tongue in their ear telling them it’s all okay.
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