this post was submitted on 18 Jan 2024
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Bank: Michigan GOP defaulted on $500K loan, hasn’t made payment in months (www.bridgemi.com)
submitted 9 months ago by Five@slrpnk.net to c/michigan@midwest.social
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[–] Hyperreality@kbin.social 18 points 9 months ago* (last edited 9 months ago)

I'm frankly surprised that they owe the money to an American bank.

Something similar happened in France with Front National, and the debt was ultimately sold to a company with ties to the Russian defense industry. (Not that it's significantly damaged the far right party's long term chance of gaining power, because ugh.)