"Billionaire Don Hankey's Role in Financing Trump's $175 Million Bond Revealed"
TL;DR Summary
Don Hankey, chairman of Knight Specialty Insurance, revealed that his firm quickly put together the deal to underwrite Donald Trump’s $175 million bond in New York, with Trump posting all cash as collateral. Knight Specialty Insurance is known for providing subprime auto loans and had previously reached out to the Trump Organization when Trump was having trouble putting together a $464 million bond. Hankey, a supporter of Trump’s presidential campaigns, confirmed that he and his family have donated to Trump’s campaigns in the past and plan to support him again in 2024.
Topics:nation#bond-deal#business#don-hankey#donald-trump#knight-specialty-insurance#subprime-auto-loans
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