Jared got 2 Billion Dollars from the Saudis. He can't loan his father in law a measly 25% of that?

[BamaRefugee]

Maybe Ivanka needs to get on her knees and beg him to help.
Or maybe Ivanka just isn’t that into Daddy.

[RandySF]

1. That's how the rich stay rich.

[OAITW r.2.0]

2. Plus 1.55BB from Qatar. Amazing!

[FHRRK]

3. He got 2 billion from the Saudis to invest

He gets a fee off of that, but that would be it. Typically fees for management would be under 1%. More likely under .25%

With that, the whole deal still sticks to high fucking heaven.

[stopdiggin]

5. amazed at the amount of people (here) who seem to think

that Jared somehow just pocketed that 2 billion. I mean, I'm no financial sophisticate ... But, damn .. !

(or, perhaps it's that they just don't give a sh ** ... as long as it's good for a few clicks ... )

[BamaRefugee]

13. Well I wasn't posting in "total complete academically correct and peer reviewed" mode...

I was posting in "2 Stockyard Stouts in my belly" mode.

[padah513]

14. Sometimes people in here take things just a little too seriously. I got a good laugh out of it.

[FHRRK]

16. LOL and I need to monitor myself

I am smacking people around for defending tRump on anything.

Broke my own rule - If someone is smacking a tRump around, there are two options:
1. Join in
2. STFU

[BamaRefugee]

21. I have 2 similar rules: 1.Join in. 2. Join in harder ;-)

[Mopar151]

7. There aint a bondsman around that would turn down an "investment"

which is understood to be collateral, for their usual bite. Bail reform and reductions in traditional crime have lowered expectations in that market, but white collar BubbaPublicans
represent an emerging market, especially for Jared.

[PortTack]

9. They no doubt have the money, or could secure loans..but it's pretty clear jarvanka want nothing more to do with daddy

[muriel_volestrangler]

12. Kushner's getting 1.25%, more than established manager Mnuchin for his fund

A panel that screens investments for the main Saudi sovereign wealth fund cited concerns about the proposed deal with Kushner’s newly formed private equity firm, Affinity Partners, previously undisclosed documents show.

Those objections included: “the inexperience of the Affinity Fund management”; the possibility that the kingdom would be responsible for “the bulk of the investment and risk”; due diligence on the fledgling firm’s operations that found them “unsatisfactory in all aspects”; a proposed asset management fee that “seems excessive”; and “public relations risks” from Kushner’s prior role as a senior adviser to his father-in-law, former President Donald Trump, according to minutes of the panel’s meeting June 30.

But days later, the full board of the $620 billion Public Investment Fund — led by Crown Prince Mohammed bin Salman, Saudi Arabia’s de facto ruler and a beneficiary of Kushner’s support when he worked as a White House adviser — overruled the panel.
...
But the Saudis agreed to pay Mnuchin’s firm only a 1% asset management fee, compared with 1.25% for Kushner’s, the documents indicate. On a $2 billion investment, that would pay his firm $25 million a year, not including a share of any profits earned by the Affinity fund.

https://bdnews24.com/business/before-giving-billions-to-jared-kushner-saudi-investment-fund-had-big-doubts

[stopdiggin]

19. thank you, for providing the real dope. -(nt)-

[brush]

4. Didn't he also get another billion plus from Yemen?

And no sniff of an investigation by those House turds who've been hounding Hunter Biden for years.

[Celerity]

23. See post #12. Kushner gets paid $25m per year (management fee) he was never given $2 billion as his own dosh

https://www.democraticunderground.com/100218741565#post12

[brush]

24. Oh yeah, I know it's for the hedge fund,, something he has no experrience in..

but the issue is WHY? What did he do for such largesse?

[flvegan]

6. It's not a good investment (loaning to Trump).

It violates any potentially fiduciary role Jared has.

[Mopar151]

8. Depends.... He could get some New York, cheap

A proper fiduciary is the last thing those sand baggers want.

[Mordred]

10. Affinity Partners

is the private equity fund that Kushner launched in 2021. The Saudis $2B was an initial seed to the fund which would invest in US and Israeli companies that do business in Asia and Africa creating Muslim and Jewish partnerships. I believe the fund is managing around $15B today.

I don't see how investing in a Trump appeal bond fits the fund's mission.

[BlueWaveNeverEnd]

11. Jared needed funds to prop his failing NY real estate business

[tanyev]

15. Ha! He knows he'd never get a penny of it back.

[wiggs]

17. Good point. Doubt that Jared has all that liquid, but I don't doubt that TFG is calling all his

'friends' and partners in crime and the NRA and RNC -- those he knows something about -- and demanding some 'protection.'

[Hotler]

18. I though Jared got 450 billion from selling ventalators and medical supplies from the Nation's stock pile

out the back door of the White House.

[jrandom421]

20. First of all

Last edited Mon Mar 4, 2024, 04:40 PM - Edit history (2)

All money was given to his business to manage. If he took any to help Trump, it's called embezzlement. And the IRS and Treasury take dim view of that. Even if he gets explicit permission from the Saudis, any amount large enough to help Trump gets reported and gets flagged as money laundering. I don't think Jared is going to risk IRS and Treasury scrutiny for Trump.

[DFW]

22. Trump could always bribe the bank's approving loan officer with a hefty kickback that augmented his salary

I doubt Jared Kushner was susceptible to such an offer, and probably knew far better than any bank loan officer what his chances were of getting paid.

[TheKentuckian]

25. Why would anyone loan Shittler anything?

He is the ultimate fucking deadbeat and biggest liar in the known universe.

[Aussie105]

26. Not with MY money you don't!

So says Jared, so says Trump. A common crime family trait.

Only leaves the Deplorables to get that money from, really.

Or some overseas 'benefactors' - great way to buy influence if the next Trump presidency happens, don'tcha know?

[republianmushroom]

27. Father-in-law doesn't pay back.

Would stiff him.

[BamaRefugee]

28. Ironic because it's the father-in-law's daughter that brings out the stiffing. If that's even possible.

[Charlie Chapulin]

29. Jared knows he won't get paid back.

[PatSeg]

30. Ha, ha, ha!!!

Jared and Ivanka have washed their hands of Donald.

[PatSeg]

31. Ha, ha, ha!!!

Jared and Ivanka have washed their hands of Donald.