Latest posts 5
As Mark Walter’s insurers lent billions to his other businesses, they repeatedly rolled over short-term loans to sidestep capital rules. Gift link: bloomberg.com/news/articles/…
www.bloomberg.com ‘Rolling’ Loophole Helped Walter’s Insurers Skirt Capital Rules On paper, it was supposed to be a six-month loan. In December 2018, one of sports mogul Mark Walter’s insurance companies sent $40 million to an undisclosed borrower. New from me and @avabmorrison : Walter’s Insurance CEO Told DOJ He Was Unaware of Boss’s Loans
Gift link: bloomberg.com/news/articles/…
Gift link: bloomberg.com/news/articles/…
www.bloomberg.com Walter’s Insurance CEO Told DOJ He Was Unaware of Boss’s Loans The head of Mark Walter’s insurance companies told authorities he was unaware that the firms had loaned more than $20 billion to the sports mogul’s other businesses, according to people with knowle... New from me and @antoniabmassa : Retail investors rushed to buy a series of stocks after news that President Trump's eldest sons were involved with the companies. But the fund through which the Trumps held their stakes was selling, not buying. (Gift link to follow)
New from @denitsa_tsekova and me: check out this weird pattern in financial markets. It's evidence of a $40 billion shuffle taking place every quarter, as foreign investors hopscotch between funds to avoid US taxes. Gift link below.
