You would THINK the news media’s first response to Jim’s massive check to Joe would be “Okay, where’s the evidence of Joe’s initial loan to Jim?” but.. NOPE.
“You would THINK the news media’s first response to Jim’s massive check to Joe would be “Okay, where’s the evidence of Joe’s initial loan to Jim?” but.. NOPE.”
The pay-offs or threats to the media must be enormous! As recently as 15 years ago, a journalist would have given their right arm for such a story. Of course that would have been pre-Obama. Media has always been left-wing, but once Obama was elected, they discarded all pretense of being neutral and became advocates for the left. All to the point they now participate in hiding corruption by the left while creating corruption by conservatives.
Not only the evidence of the loan... but if you are a lender you are supposed to declare the interest of the loan on your taxes. Even if you collect no interest, you have to declare it as income and the minimum rate is based on the average of one of the short, medium or long term treasuries depending on the intended term of the loan.