Mustachioed Minnesota bedding entrepreneur Mike Lindell borrowed $1.6 million at a 409 percent annual rate from a lender in order to try to save his surprisingly still existent company, Business Insider reports citing a lawsuit in which Lindell accuses Cobalt Funding Solutions of “taking advantage” of “a cash-strapped business that needed funds quickly,” at a “usurious” interest rate.
The chances that Lindell first contacted Cobalt simply because he remembered them from when their commercials – back when Lindell could afford TV ads – would run during the same breaks on Newsmax, Fox News, and OANN are somewhere between 100 and 409 percent, by our estimates.
On a marginally more serious note here, how many blue collar employees of Lindell’s have lost their jobs since 2021 due to financial difficulties solely and singularly attributable to his obsession with the 2020 election? Has to be in the dozens, maybe hundreds, if he needs $1.6 million at 409 percent for a company that once had its own private jet to stay afloat. The pillows were made in the USA, in Minnesota, and Americans are (or were) stuffing and packaging the pillows and other products.
Wonder how they’re feeling now. Wonder if maybe, just maybe, they feel a little let down by their boss man’s former friend, convicted felon President-Elect Trump, for palling around with Elon Musk while Lindell’s suing to get out of a loan shark’s jaws. That Mike, Rudy, the Kraken, and the other dead-enders from the failed post-2020 election coup attempt have had their lives and livelihoods completely destroyed by their slavish devotion to Trump, only to watch him get elected again while palling around with the actually successful industrialist, rising star bro culture podcasters and influencers, crypto industry hustlers, and UFC fighters. Wonder if it ever occurred to them that if Trump still gave a shit about Lindell then there would be promises of a huge no-bid contract to supply the US military, federal prisons, and migrant detention facilities with MyPillows and other bedding products. That maybe Trump could ask Elon Musk, worth $400 billion as of this week, to pull a few hundred million out from under his couch cushions to get Lindell out of this jam and also help Rudy hang on to his Mercedes convertible and the Yankees World Series rings.
Wonder if Lindell himself would’ve done it differently had he known what he should’ve in 2021 – that Trump wouldn’t be there for him with a pile of pillows if he fell backward. It’s all hard concrete.