A Bad Day for the McMahon Campaign: Details Surface on Past Bankruptcy; More Video Surfaces on Her Wrestling Business

Linda McMahon and her truth-challenged campaign manager, Corry Bliss, can’t be blamed if they’d like to forget about Wednesday. The day after The Hanging Shad posted a commentary about McMahon’s strategy to avoid criticism in areas in which she is vulnerable, The Day of New London printed new details of Linda and Vince McMahon’s bankruptcy back in the 1970s. They owed nearly a million dollars to creditors then, nearly $3.9 million in today’s dollars. If that wasn’t bad enough, Democrats kept the pressure on McMahon and the WWE by finding yet another source of video evidence of the kind of business McMahon ran.

Prior to Wednesday, the only public details on the McMahons’ past financial malfeasance were in a Hartford Courant article from back in May. It included information about how the McMahons employed a convicted Waterbury loan shark, Victor Colaci, for financing after declaring bankruptcy. However, they likely knew more details would come out. That’s why they’ve spent millions trying to tag Democratic rival Chris Murphy as a deadbeat because Murphy was behind on his personal bills.

Enter The Day of New London newspaper and its Wednesday article citing newly discovered documents in Massachusetts. The McMahons owed about $1 million to creditors in the 1970s and declared bankruptcy. There is no telling how many of the creditors got stiffed. The Day estimates the debt to be about $4 million when adjusted for inflation. Does the McMahon campaign still want to talk about Murphy’s sloppiness with personal finances? At least he paid his debts.

Bliss pleads ignorance of the new documents. “Today was the first time the campaign or Linda has ever seen these documents,” Bliss told The Day. He also claimed neither Mrs. nor Mr. McMahon ever saw the bankruptcy documents. Huh? The McMahon’s filed for bankruptcy without knowing how much they owed and to whom?

As he faces the new information regarding his boss’ disastrous financial past, Bliss’ shots at Murphy are getting dangerous. “Unlike Congressman Murphy, (the McMahons) weren’t able to call in their political connections and make their debts go away or give them a new mortgage,” Bliss told The Day. He has no evidence that Murphy did anything of the sort. Financial experts contacted for news stories on the topic all concluded that there was nothing nefarious with Murphy’s situation (the experts themselves then faced personal attacks). Webster Bank, in fact, has called for a public apology from the McMahon campaign.

Bliss seems to think the difference between the two candidates’ situations is that McMahon’s happened in the 1970s and Murphy’s as a member of Congress. From this view, it seems the difference is first and foremost, several million dollars. The other is that Murphy paid his debts.

Bliss claims that the McMahons “likely” repaid their creditors. Perhaps he should get on the same page as Vince McMahon. The Day recounts a 2001 interview Mr. McMahon gave to Playboy magazine in which he said, in part, “There was a construction company, a horse farm, a cement plant, and it all went belly-up. I felt bad about the bankruptcy. I wanted to pay what I owed, but there were other people involved, and finally the banks wrote it all off.”

If that wasn’t bad enough for McMahon on Wednesday, state Democrats were able to find yet another Internet source of clips from World Wrestling Entertainment (WWE) back when McMahon was CEO. Not a pretty picture. The WWE has been on a mission to cleanse from existence any evidence of the type of entertainment the company was turning out during McMahon’s reign. As the Hartford Courant’s Rick Green cleverly put it, they’re playing “whack-a-mole” with the video clips (they “whacked” this one, too but not before The Shad saw it). They force one online source to take the clips down, and another pops up.

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