THE BAILOUTS!!
I was wondering how a business could continue to operate post Pandemic Shutdown if they were too greedy about cooking the books. You couldn't justify profits, or even operating expenses at all in some cases. But the obvious answer lies in Government bailout money.
I'd bet blood a good share of bailouts protected shady companies that our Congressmen and Senators had stakes in.
Originally posted by Robtard
Tom Brady despite his vast wealth received a $960K PPP loan for his vanity "TB12" project, then used that money towards his second yacht instead.He returned the money, but only after he was caught. Rightist.
He was also a big promoter of FTX. That worked out splendidly, didn't it.
Originally posted by jaden_2.0
As rich as he is, he wasn't rich enough to have not lost money. There were plenty of enormously powerful investors in FTX. Blackrock, for example. If you think they lost substantial sums of money and Sam Bankman-Fried is still drawing breath then I've got some NFTs if you're interested in buying.
I'm sure Blackrock wouldn't outright murder someone for making them go broke.
It's not like people have done that for far less. 🙂