Steven Bodzin on Nostr: The US bailed out trucking company Yellow in mid-2020 (yes that's the Trump ...
The US bailed out trucking company Yellow in mid-2020 (yes that's the Trump administration) with $700m of friendly loans.
Yellow is not going to pay them back.
Remember how Trump tore into Obama for losing $535m in loan guarantees to solar company Solyndra?
This could be bigger: "Treasury's equity stake is worthless. I'd also be shocked if there were any meaningful recovery on the Tranche A loan."
https://www.creditslips.org/creditslips/2023/08/treasury-in-the-red-with-yellow.html
Yellow is not going to pay them back.
Remember how Trump tore into Obama for losing $535m in loan guarantees to solar company Solyndra?
This could be bigger: "Treasury's equity stake is worthless. I'd also be shocked if there were any meaningful recovery on the Tranche A loan."
https://www.creditslips.org/creditslips/2023/08/treasury-in-the-red-with-yellow.html