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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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[–] 0110010001100010@lemmy.world 39 points 9 months ago (1 children)

Party of financial responsibility yo. Is there anything they aren't lying about?

[–] glitch1985@lemmy.world 20 points 9 months ago (1 children)

Just need to pull themselves up by their bootstraps.

[–] IHeartBadCode@kbin.social 10 points 9 months ago

Spoiler alert: They lied about the bootstraps too.

[–] tacosanonymous@lemm.ee 18 points 9 months ago

I hope they have to pay court costs and lawyers fees too then. Fifth grade level bullshit.

[–] 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.)

[–] ElleChaise@kbin.social 14 points 9 months ago

The Republican loan "crisis" solved: 1. You took out a loan. 2. Pay it back.

[–] Railing5132@lemmy.world 6 points 9 months ago (1 children)

Wait for Betsy DeVos to write another check.

[–] Banzai51@midwest.social 2 points 8 months ago (1 children)

You really think the DeVos family is going to write a check to save a black woman?

[–] Railing5132@lemmy.world 1 points 8 months ago

Oh, they'll cashier her and install a loyal (bought and paid for) toady.

[–] Jaysyn@kbin.social 2 points 9 months ago

Good. I hope this is the start of a trend.

[–] ShaggySnacks@lemmy.myserv.one 2 points 9 months ago

I thought the goal was to rack up massive debt, so the bank can't collect.

[–] Usachman@kbin.social 2 points 4 months ago* (last edited 4 months ago)

It's concerning to hear that the Michigan GOP has defaulted on a significant loan and hasn't made any payments for months. Financial responsibility and accountability are crucial, especially for political organizations. This situation raises questions about the party's financial management and could impact its credibility and trustworthiness with supporters and donors who used guaranteed $100 loan. I hope they address this issue promptly and transparently to restore confidence.