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 10 months ago by Five to c/michigan@midwest.social
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[–] Hyperreality@kbin.social 18 points 10 months ago* (last edited 10 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.)