If the SPAC is approved this week, he could potentially use the stock as collateral to get a bond and avoid having properties seized or declaring bankruptcy by next week’s deadline.

  • GrymEdm@lemmy.world
    73·
    8 months ago

    I’m worried. It sounds like there is potential here for a lot of MAGA followers to end up losing a lot of money. Yes, they bear responsibility for being so blindly supportive, but if they make themselves destitute it won’t be just their problem. Poor people suffer, their innocent kids suffer, poverty drives crime, violence and extremism… And let’s face it, the states where this would hit hardest aren’t exactly known for their strong social safety nets.

    • Funderpants @lemmy.ca
      6·
      8 months ago

      Yea, you’re right. The knock on effects aren’t pretty and a lot of spouses and kids will suffer. It’s unpleasant.