Did Jared Get Caught?

The New York Times is reporting an apparent conflict of interest between Jared Kushner and companies that met with him in the White House.

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.

A number of White House spokespeople have released the usual bullshit about how this isn’t what it looks like.

Update: Here is a statement being sent by email from a group called the Patriotic Millionaires:

“We don’t want to accuse anyone of inappropriate conduct, but the timeline of Kushner’s meetings with the executives from Apollo and Citigroup is questionable at best. Looking at the large loans the Kushner Companies received and at the Trump Administration’s subsequent one-eighty on closing the carried interest loophole, there is little room for doubt that corruption and pay-to-play politics are to blame for the continued existence of this egregious loophole.”

Charles Pierce:

It has not been a good week for the Dauphin-in-Law. First, he gets his security clearance pulled, at least in part because oligarchs from foreign lands considered him the biggest sucker on the planet. Now, he’s at the center of a steaming pile of corruption so blatant that it would have embarrassed Ferdinand Marcos. If he’s at all smart, he’s spending hours in front of a mirror, repeating the phrase, “To the best of my recollection,” over and over until he can appear sincere.

5 thoughts on “Did Jared Get Caught?

  1. Off topic, but the Imbecile just launched a trade war; steel and aluminum. The Orange Imbecile, not Jared.

    It’ll piss off allies (if, indeed, we have any left.). It may fail; I doubt that the  materials couldn’t be brought in in unmarked boxes. And, if he had bothered to talk to anybody who lives in Pittsburgh, he would realize people DON’T WANT steel production back. Gary either. Pittsburgh is NICE now; it was a filthy dump when steel was being produced there. More than likely, local communities will prevent steel from returning. And, further, even if they wanted steel back, Trump and the tariffs would likely long be gone before plants were again operational and US Steel would be non-competitive.

  2. "Gary either"

    Not sure where you get that, I live in the Gary area, much of my work is with the steel mills, the mills here are still running, and doing ok, most of the local economy is tied to the steel industry, this tariff will be quite popular here. Most folks who like Trump watch FAUX so the inevitable inflation that follows will be blamed on that colored fella. As far as Jared goes, who's going to hold him accountable, the GOP led congress?

  3. Why is it that I think Jared learned everything he knows about real estate, and how to conduct business, from Trump University?

  4. Gulag,

    Maybe Trump U learned from Jared, or more likely Jared's convicted felon father! It runs in the family! Gee Jared your going to the Federal Pen just like your Daddy did!

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