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Ron Garrett's avatar

Chubb insurance was acquired by Zurich-based ACE in 2015. They maintained the Chubb name because of the branding power, but they are not the former Chub Insurance and are in no sense a New Jersey company. Chubb insures oil and gas extraction and transport in Russia, calling Russian oil and gas “one of the most promising activities.” The insurer backed Nord Stream 2 built by Gazprom, the world’s largest producer of gas and a majority Russian state-owned fossil fuel company. When my company did business with Gazprom in the 2000’s the company was majority-owned on paper at least by Lyudmila Aleksandrovna Ocheretnaya, Vladamir Putin’s then wife. Now Chubb’s business with Putin doesn’t prove that the Russians encouraged the company to take on Trump, but we know Russia was involved in getting Trump the billions he got from Deutschebank despite that Trump has been the poster child for bad business risk since 1990. So I’m suspicious.

Philip's avatar

Hah! "Vladdy Daddy". Perfect! It seems as if he really can't get financing from nebulous sources because A) the NY AG (and presumably others) have all his financials and are on to his tricks; and B) any sudden ability to pay will be scrutinized completely. I trust President Biden implicitly to allow the legal system to carry out its work unfettered, but that in the event something rather shady occurs ("Oh, I suddenly have $450,000,000 that I found behind a washing machine in the Trump tower basement!), it will be scrutinized under the most powerful microscopes known to man. Thanks for the update and explanation regarding E. Jean Carroll Payment, Asha!

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