Jim Justice in the news
Anybody have some spare change to help out our governor? His dog?
Breaking story from the Wall Street Journal
West Virginia Gov. Jim Justice is personally on the hook for nearly $700 million in loans his coal companies took out from now-defunct Greensill Capital, according to people familiar with the loans and documents described to The Wall Street Journal https://t.co/kIEC9szTiD
— The Wall Street Journal (@WSJ) May 31, 2021
The Journal article is behind a paywall. Here’s Business Insider’s rewrite:
West Virginia Gov. Jim Justice is personally liable for around $700 million in loans that the collapsed financial firm Greensill Capital made to his coal companies, according to a report.
Justice and his wife guaranteed the loans from Greensill to his coal businesses, the Wall Street Journal reported, citing people familiar with the issue and documents.
Greensill, which collapsed into bankruptcy in March, had packaged the loans and sold them to Credit Suisse, The Journal reported. Now, Credit Suisse is in talks with Justice's Bluestone Resources and other major borrowers from Greensill to recoup the money and repay investors, per The Journal.
Babydog
The week did start off well for the Governor Justice as he and his dog were featured in numerous national news stories:
ICYMI: West Virginia Gov. Jim Justice has made his dog "babydog" the mascot of the state's new vaccine lottery.
— Haleigh Hoffman (@HaleighHoffman) May 28, 2021
"She wants you vaccinated SO badly" pic.twitter.com/rTdtO7amb1