Kushners Business Got Loans from Companies After White House Meetings

[Cattledog]

Source: NYT

Early last year, a private equity billionaire started paying regular visits to the White House.

Joshua Harris, a founder of Apollo Global Management, was advising Trump administration officials on infrastructure policy. During that period, he met on multiple occasions with Jared Kushner, President Trump’s son-in-law and senior adviser, said three people familiar with the meetings. Among other things, the two men discussed a possible White House job for Mr. Harris.

The job never materialized, but in November, Apollo lent $184 million to Mr. Kushner’s family real estate firm, Kushner Companies. The loan was to refinance the mortgage on a Chicago skyscraper.

Even by the standards of Apollo, one of the world’s largest private equity firms, the previously unreported transaction with the Kushners was a big deal: It was triple the size of the average property loan made by Apollo’s real estate lending arm, securities filings show.

It was one of the largest loans Kushner Companies received last year. An even larger loan came from Citigroup, which lent the firm and one of its partners $325 million to help finance a group of office buildings in Brooklyn.

Read more: https://www.nytimes.com/2018/02/28/business/jared-kushner-apollo-citigroup-loans.html?action=Click&contentCollection=BreakingNews&contentID=66602822&pgtype=Homepage

[bearsfootball516]

1. 'I only hire the best people."

[iluvtennis]

2. Disgusting,shouldn't be allowed.These are the types of things that put u in position 2 b compromised

[Ohiogal]

3. They are all disgusting grifters

[bucolic_frolic]

4. Honestly these people are just using their influence to feed at the trough

shameless grifters

[florida08]

5. Fascism doing well

The country has fallen and can't get up. Voters just too uninformed or lazy.

[mtngirl47]

6. Quid pro quo. No wonder they don't want to show the WH visitor logs. n/t

[weissmam]

7. so how does a Drump supporter defend that

[SeattleVet]

8. Easy - it's an article in the NY Times, hence, 'fake news!!!!'

If they don't see it in Breitbart, Drudge, Fox, or Alex Jones, it obviously doesn't exist as a real story in the delicate little snowflakes' news-bubble.

[House of Roberts]

9. Don't forget Daily Squaller.

Trumper Carlson has one of their phony news sites, as well.

[dembotoz]

10. Always a new loan... does he ever pay anything off?

Is showing a profit a bad thing?

[dixiegrrrrl]

11. That is the business model that works for them..for decades.

Lots of books and articles about Trump have revealed how his money works.
Kushner works the same way. He has not made ONE payment on that 666 building. The loan is due in 12 months. With increased interest as of Dec. Kushner is desperate to find a loose 150 million lying around, he has used previous loans to live on!

Find someone who wants to wash their dirty money, call him your partner, use your legit business to get loans to build a hotel, or casino, or condos, what ever.
Pay off the dirty money guy with some of the loans, and when the loans come due, roll them over for bigger loans. Sorta like mortgaging your house 6 times with 6 different banks.
Spend the loans on your lifestyle.
Rinse repeat until banks refuse to loan any more money, then declare bankruptcy and walk away.
The people you owe money to will get just a small % of what they are owed.
You still have all that cash from the loans.
Turn around and do it again and again.

When a business declares bankruptcy, it is not like if you or I do it. When Trump went bankrupt with the casinos, it was Herbert Ross who negotiated for him with the banks, so that Trump ended up having thousands a MONTH to live on until he could create another project.

I recommend Tim O'Brien's book about Trump..TrumpNation.

[BigmanPigman]

13. Yep, a common practice in the business world.

This is how the rich get richer and get to keep their money. It usually works too. This group never expected to actually win the presidency (well, they did lose the popular vote) and even Putin was surprised. They never thought they would get caught and had to quickly plan a way to cover it up and they didn't do that too well either. After all, Jared's father is the one who told him to tell the Moron to fire Comey so that the govt wouldn't get too close to his own family's business as well as his son's and in-law's family businesses.

[dixiegrrrrl]

14. it is so telling about them that they cannot play it straight even in the WH.

Even Melania was looking to cash in until her big mouth ruined it.
They do not know how to be anything but crooked.

[Hermit-The-Prog]

12. what did he sell?

Whodathunk corruption, grift and nepotism would go so well together?

What did Kushner provide in exchange for these loans?

What "loans" remain hidden? Are there any hidden "loans" involving top secret data?

[neohippie]

15. Probably just a coincidence

Remember that part in the Steele Dossier about Trump and Co, making a deal with Russia that involved selling a large stake of stock in the Russian state oil company? Guess who ended up with that stock, Qatar, and now we see that the largest investor in Apollo's Real Estate fund is also Qatar.


And Apollo's Real Estate Fund ends up giving Kushner a loan, maybe it's just a coincidence, I mean all these oligarchs probably all do lots of business together, after all, there's a lot less of them running around the world than there are average folks

So about that Russian oil deal mentioned in the Trump dossier, what do we know about it?


https://thesternfacts.com/trump-russia-dossier-decoded-yes-there-really-was-a-massive-oil-deal-e33370349b67

It appears that Putin and Russia needed some quick cash in 2016 because of a budget crunch. Perhaps Putin was hoping that Trump would remove sanctions quickly to help fuel the Russian economy and that they would be able to buy back their stocks at least that's what this article suggests. Putin seems to be pulling levers, to keep his economy fueled by any means necessary, but he seems to play his cards well.

https://www.marketwatch.com/story/russia-to-buy-back-rosneft-stake-it-sold-2017-06-07

But apparently, when the US sanctions were not removed Russia took a different tack and instead brokered a deal with Qatar to sell most of the stake they bought to China to strengthen Russia's position with them. Maybe the Russian saw this move as a way to keep their economy churning in the event that Trump would be unable to remove the sanctions, maybe they are just taking advantage of the weakened US position as world leader.

https://www.bloomberg.com/news/articles/2017-09-08/china-s-cefc-buys-stake-in-rosneft-from-glencore-and-qatar

At any rate, it raises interesting questions, clearly Oil and Gas companies wield a lot of power, and Russia needs to keep their economy moving and the sanctions have been stifling it since they were put in place

[Stuart G]

16. k and r..for exposure..

I like this sentence...........

It was one of the largest loans Kushner Companies received last year. An even larger loan came from Citigroup, which lent the firm and one of its partners $325 million to help finance a group of office buildings in Brooklyn.

So....why would Citygroup lend the president's son-in-law 325 million dollars??

YOU BE THE JUDGE............JARAD KUSHNER? ... GUILTY OR INNOCENT??????

of...............using government position to gain personal loans ????

...........................................YOU BE THE JUDGE.................................................................

[Tracer]

17. Please explain to me like I'm 10 years old.

Don't these banks expect to make a profit on these loans? Don't they look into the amount of debt that Kushner already carries? Don't they examine his income? (He apparently doesn't take a salary for his White House "job".) Where's the upside for these banks?

Some time ago, I applied for a loan to construct an addition to my house. I had to jump through hoops and show reams of paperwork to prove that I could afford and could pay back the loan. Fortunately, I got it.

[DinahMoeHum]

18. Joshua Harris also owns the Philadelphia 76ers NBA team. . .

. . .as in "Trust The Process". . .

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