Bankruptcy of Blink Fitness and Other Businesses

Blink Fitness, an affordable gym chain, filed for Chapter 11 bankruptcy to facilitate a sale of the business. The company has received $21 million in new financing to support ongoing operations. Other businesses like Red Lobster and Rite Aid have also faced bankruptcy issues.

Financial Lifeline for Donald Trump

Axos Bank and its largest individual shareholder, Don Hankey, have provided over $500 million in financing to Donald Trump over the past two years, helping him pay off debts and profit. This financial lifeline has raised ethical concerns regarding the potential influence on a future Trump presidency.

Financial Support for Donald Trump from Axos Bank and Don Hankey

Axos Bank and its largest individual shareholder Don Hankey have extended over $500 million in financing to benefit Donald Trump, potentially influencing a future Trump administration. Hankey's past activities have faced scrutiny, including violations related to high-interest auto loans and debt collection tactics. Ethics experts raise concerns about potential conflicts of interest if Trump returns to the White House.