Mike Lindell Claims Bank Cut Off His Line Of Credit Over Election Lies

MyPillow CEO Mike Lindell told Steve Bannon this week that his bank has now cut off his line of credit because he was spending company money on overturning the 2020 election results. While everything the man says is suspect, if this is true it could spell doom for his struggling company that he has been neglecting in order to become the spokesperson for Crazy Town. Farron Cousins explains what's happening.

Don't forget to like, comment, and share! And subscribe to stay connected!

Connect with Farron on Twitter

*This transcript was auto-generated. Please excuse any typos.

In an interview with Steve Bannon this week, MyPillow, C E o, Mike Lindell announced that his bank had officially cut off his line of credit for his MyPillow company because according to Lindell, they were upset that he was using that money, not for the business, not to help his employees not to develop new products. No, no, no. He was using that money to challenge the 2020 election and embark on his little weird crusade to, as he says, save American democracy. The bank says, again, according to Lindell, so take it with a grain of salt. This is not what you were approved for. The line of credit for this line of credit, as everybody who's ever had to take out a loan, knows you get loans for specific things, you get lines of credit for specific things. You step outside of those bounds of that contract that you sign with or sign onto, and the bank can take it away from you, just like that. And according to Lindell, that is what's happened. Lindell then expressed concern about the fate of his employees. According to Ron, Philip Kowski writing on Midas Touch, he said, quote, uh, Lindell expressed concern for his employees saying that the financial stresses his election crusade has put on his company's finances, have to sit and worry every day about losing their jobs. If they go under.

Earlier this year, Lindell claimed that, uh, he had to go out and get $10 million to loan to his MyPillow company just to keep it afloat. Now, he immediately walked back those comments after he made them, but he has repeatedly made it seem like MyPillow is effectively on its last leg. And if they just lost their line of credit with the bank, then they very well could be on their last leg. If Lindell is being genuine here, which again, not exactly the kind of guy who's known for telling the truth, but if he is being honest and if he is real about the concern that his employees have, that's a pretty strong indication that this company might not be around much longer. And the worst part is, again, if it's true, is Lindell did this to himself. This is a guy who before he got involved in politics, actually had a pretty great story, right? He was a drug addict, cleaned himself up, found religion, founded this company that went on to become a successful company and was doing well, doing pretty good, making him millions of dollars, and then he decided to hitch his wagon to Donald Trump, and everything went to hell after that for him.

Kind of noticing a pattern, right? You see all these people, formerly successful

People, well revered, well-respected people, Rudy Giuliani hitches his wagon to Trump immediately goes down in flames. Mike Lindell, successful businessman, hell, great all American story hitches his wagon to Trump, everything goes to hell. This is what happens. Like Trump is such a, you know, succubus, that he can take a successful person. He can take a respected person. Hell, Rudy Giuliani, at one point, let's not forget, was a international hero for being the mayor of New York on nine 11. But Donald Trump can take these people and tear them apart so badly that they're now punchlines. They're the butt of jokes. I mean, Jimmy Kimmel makes fun of Mike Lindell all the time. I make fun of Mike Lindell all the time. Rudy Giuliani is now not gonna be remembered for nine 11. He's gonna be remembered as the guy who did a press conference outside of four Seasons, total landscaping, where his hair was melting.

That's what Trump does to people. He can take the most successful people and turn 'em into nothings. He can take successful prosecutors and lawyers and turn them into criminals. Trump is a cancer. All you have to do is be in the vicinity of him and you're going to catch it. And trust me, we have seen enough of these stories now to make this solid conclusion. If you get involved with Trump, you can pretty much bet that your life is not gonna be so great once Trump's done with you. 'cause at this point, let's be real. Donald Trump has nothing to do with Mike Lindell. Lindell started doing all this election stuff for Donald Trump. Trump doesn't do anything with him anymore, and he's still digging that hole, losing money left and right, and it could cost him everything. In the end.