Progressive Politics

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[Video] Don Jr. explain that the real reason the Trumps had to sell memecoins was because no actual banker would lend them money. (files.catbox.moe)

submitted 2 weeks ago by IndustryStandard@lemmy.world to c/progressivepolitics@lemmy.world

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[–] Bubbaonthebeach@lemmy.ca 5 points 2 weeks ago (2 children)

It isn't a weaponized against Trump system. The banking system doesn't lend to anyone who revels in not paying their bills and purposely puts their companies in to bankruptcy after bilking the investors. Any money lent to Trumps is money lost. Banks figured it out after a couple decades of bankrolling them. Then international banks found out the same. Now only mafia types and corrupt countries will lend to them. The same would happen to you, much sooner, if you tried the Trump business method.

[–] Maeve@kbin.earth 3 points 2 weeks ago

It happens to poor people who can't afford a credit score, too. Credit scores are only about 30 years old, iirc

[–] surph_ninja@lemmy.world -1 points 2 weeks ago

So you just misunderstood the comment entirely.