West Virginia governor liable for $700M coal company loan

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West Virginia Gov. Jim Justice confirmed on Tuesday that he is personally liable for $700 million in loans taken by his coal companies from a lender in the United Kingdom that went bankrupt.

Greensill sold the loans to investment funds managed by Credit Suisse Group AG, which froze the funds in March and is in talks with Justice’s Bluestone Resources Inc. and other borrowers to get paid, the Journal reported.

Bluestone sued Greensill, a supply chain finance firm, after it went under in March over allegations of fraud.

 

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Bindlestaff We won't be laughing in August when Trump is reinstated and brings back coal.

Boy do I feel better about my financial situation.

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