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.
Key Points
- Axos Bank and Don Hankey provided over $500 million in financing to benefit Trump
- Hankey's past activities have faced regulatory scrutiny
- Ethics experts question potential conflicts of interest in a future Trump presidency
Pros
- Financial assistance helped Trump pay off debts and secure profits
- Assisted in escaping from a lease on a money-losing hotel in Washington
Cons
- Ethical concerns about potential influence on a future Trump administration
- Scrutiny on Hankey's past activities related to high-interest auto loans and debt collection tactics