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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsJared Kushner's Dad: My Son Isn't The Only Idiot In The Family
Source: Vanity Fair
Ex-con Charlie Kushner has had enough of people bullying his son.
BY BESS LEVIN
APRIL 24, 2018 6:20 PM
When Jared Kushner and Ivanka Trump decided to take senior positions in the White House that they were completely unqualified for, they reportedly believed doing so would be the first step in a series of steps that would one day result in them saying, O.K., Ivanka will run for president now, and then Jared will do it in eight years. Fifteen months later, things havent exactly followed the trajectory the couple had in mind, with Jared, we assume, eating his lunch in a mens-room stall, shaking his fists and asking Why, god, why? in between bites and tears.
In addition to accomplishing none of the goals on his to-do listsolving the opioid crisis, bringing peace to the Middle East, re-inventing the entire government, etc. regulators have requested information from several banks about their relationships with Jared Kushner and his finances; his security clearance was downgraded; at least four countries have allegedly discussed ways to manipulate him by taking advantage of his complex business arrangements, financial difficulties, and lack of foreign-policy experience; his P.R. guru quit; and Brooklyn prosecutors have subpoenaed Kushner Cos. concerning slumlord-esque tactics employed by the company during a three year-period in which he was C.E.O. Yet another thing thats likely keeping the First Son-in-Law up at night is the fact that come February 2019, his family owes the entire $1.2 billion balance of its mortgage on 666 Fifth Avenue, the tower a young Jared bought on the eve of the financial crisis, which lost $25 million last year. That situation, naturally, has led some people to write headlines such as, Jared Kushners Family Is Screwed, and Its All Boy Wonders Fault, pointing out that the Boy Prince of New Jersey cant even succeed at jobs that are literally handed to him. And Charlie Kushner has had enough.
In an interview with CNN on Tuesday, Jareds dad claimed that if anyone deserves the blame for the epic debacle that is 666 Fifth, its him, not Jared. Claiming that Jared had expressed reservations about buying the office tower, the senior Kushner told Cristina Alesci, I pushed Jared to do the deal. That deal, as we now know, has completely blown up in Kushner Cos. face. In addition to the looming 2019 deadline, the Kushners partner in the project, Vornado Realty Trust, is said to be nearing a deal to sell its stake, with chairman Steven Roth saying the building would be worth a lot more if it was just dirt. Roth was also said to nix the Kushners Hail Mary idea to raze the building and build a gleaming, Zaha Hadid-designed tower in its place, which would have required a $4 billion construction loanmoney that the Kushners, despite crisscrossing the globe, failed to raise. (Speaking of which, according to Charlie, that meeting he took with the Qatari finance minister, which was reportedly in an effort to drum up funds for the 666 project, and which preceded the Trump administrations decision to support a blockade of the country after Chuck was turned down? The elder Kushner says he only accepted the invitation out of respect for the Qataris, and that he went to the meeting to tell them there was no way we could do business.)
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Read more: https://www.vanityfair.com/news/2018/04/jared-kushners-dad-leave-my-boy-alone
OnDoutside
(19,973 posts)wasn't that kind of Real Estate developer......sure
genxlib
(5,542 posts)Anyone that was still buying real estate at top dollar in 2007 is a fucking idiot . You can look past all the other stuff and come to a pretty firm conclusion with just that decision.
The rest is simply what I would expect from someone that dumb.
Generic Brad
(14,276 posts)Overpaying for real estate on a large scale can also be an indicator of a massive money laundering operation.
genxlib
(5,542 posts)But wouldn't the overpaying generally come from the outside party who needed cash to be laundered. Why would an American company overpay with their own money and debt?
Aside from that, the ultimate goal would be to resell the property to get clean cash out of it. That is much harder to do when you overpay and get upside down. It would seem more effective and under the radar to buy 3-4 smaller projects at the right price than one giant splashy deal that screams for attention.
You could be right but it just stinks of arrogance and poor decision making from a guy who sees himself as Master of the Universe.
ProfessorGAC
(65,195 posts)Who in the world cares what that idiot has to say?
Javaman
(62,534 posts)...for the epic debacle that is 666 Fifth, its him, not Jared."
so, in other words, the stupid doesn't fall far from the tree.
your "help" mr. kushner, isn't exactly helping. face it, you raised a fucking crooked moron, but then again you are also a crooked moron as well.