Kushner’s Business Got Loans from Companies After White House Meetings
5 replies, posted
[U][B]Kushner’s Business Got Loans from Companies After White House Meetings[/B][/U]
[I]Apollo, the private equity firm, and Citigroup made large loans last year to the family real estate business of Jared Kushner, President Trump’s senior adviser.[/I]
[url]https://www.nytimes.com/2018/02/28/business/jared-kushner-apollo-citigroup-loans.html[/url]
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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.
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All of the executives who met with Mr. Kushner have lots to gain or lose in Washington.
Apollo has sought ways to benefit from the White House’s possible infrastructure plan. And its executives, including Mr. Harris, had tens of millions of dollars personally at stake in the tax overhaul that was making its way through Washington last year.
Citigroup, one of the country’s largest banks, is heavily regulated by federal agencies and, like other financial companies, is trying to get the government to relax its oversight of the industry.
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Fucking scumbag, good lord.
[media]https://twitter.com/MichaelSLinden/status/969032605143326720[/media]
More interesting info:
[url]https://www.reddit.com/r/politics/comments/811fjj/kushners_business_got_loans_from_companies_after/duzr7rz/[/url]
[QUOTE]
[QUOTE]Apollo does not make real estate loans directly. Instead, it makes them through a so-called real estate investment trust, called Apollo Commercial Real Estate Finance. The trust is a publicly traded company with its own set of shareholders. It is managed by Apollo, which charges the trust management fees, and has no employees of its own.
One of the largest investors in Apollo’s real estate trust is the Qatari government’s investment fund, the Qatar Investment Authority.[/QUOTE]
[B]Qatari Investment Authority is also one of the holders of that 19.5 percent stake in Rosneft, it's worth pointing out.[/B]
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Remember: The Trump White House discontinued the practice of publishing public visitor logs, meaning they made it that much harder to scrutinize exactly this sort of lobbying and insider dealing.
[QUOTE=Trebgarta;53168436]And this is significant how? I don't get it.
Qatari government invested in Apollo and that is no problem, but they also invested in Russian oil giant... and that makes Russia involved in Apollo, and a problem?[/QUOTE]
[URL="http://www.businessinsider.com/carter-page-trump-russia-igor-sechin-dossier-2017-1"]The 19.5% Rosneft stake is allegedly involved in the Trump-Russia affair.[/URL]
So, Kushner having meetings with and then receiving huge loans from Qatari investment funds that happen to be involved with the same Russian state oil company fund that was allegedly used to help bribe Trump's campaign officials into lifting Russian sanctions, that's sort of a big deal even if it's just garden variety influence peddling and not another wrinkle in the Trump-Russia saga.
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