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Shri Thanedar: “This is a $200 million business and I owed them about $24…”

Featuring: Shri Thanedar, Democratic | U.S. House Michigan, 13th Congressional District

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How his Past Guides his Future, Shri Thanedar's Political Journey

Published | Video Starts at 35:23

And the bank got impatient. It was bank of America. And they decided to put a receivership on my business. They sold some parts of my business. This is a $200 million business and I owed them about $24 million. because I had bought this money so I can go buy other little companies, consolidate, make a large national Network of testing labs and innovation labs. (35:23–35:29)

CLAIM

Asserts that his business was valued at $200 million, with a $24 million debt.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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