How a California billionaire known for auto loans provided Trump’s bond
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Don Hankey, who made a fortune offering high-interest auto loans to customers with poor credit, said providing the $175 million bond to Trump is a good business deal.
Hankey said the bond, which was provided by one of his companies, a subsidiary of Knight Insurance, was a good business deal, not a political statement.
“I’m chairman of the board of several companies, and we just carry on our business and we try to stay away from political issues or taking sides,” said Hankey, who said he has been a Trump supporter “and I will support him in the future, but I wouldn’t consider myself a major supporter.” He said that while many of his contributions have gone to Republicans, he has also donated to Democrats.
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