You Just Lost $700 Million ++

Donald Trump is not a credit manager.  Neither is Paul Ryan, nor Mitchie-Poo.

But they gave $700 million to Yellow Freight (YRC) back in 2020.  And YRC is BK.

Kiss that $700 million buh-bye!

What’s new with a Yellow bankruptcy filing and likely liquidation:

• It would be the biggest trucker bankruptcy ever (with over four times as many trucks as Celadon)
• It would come three years after the company received a $700-million government bailout
• The government holds 29.6% of the shares; it got them in lieu of higher market-based interest rates on the bailout loan.
• The bailout was condemned in maddening detail by the Congressional Oversight Commission

Well, maybe we'll get our money back from Ukraine!!  Right??