• theodewere@kbin.social
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    7 months ago

    Paxum Bank does not offer loans in the US as it lacks a US banking license and is not regulated by the FDIC. Postolnikov appears to have used the trust to loan money to help save Trump Media – and the Truth Social platform – because his bank itself could not furnish the loan.

    so in order to keep this company from going under, and so that it can live long enough to have a stock price, it needed a loan from a Russian bank that can’t loan money in the US… Trump is incapable of doing anything without breaking laws…