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.
