Monday, November 4, 2019

Jared Kushner article

This is an article from August 2016.

Teaser:
In the spring of 2011, right around the time Donald Trump was humiliated by Barack Obama during the president's speech at the annual White House Correspondents' Dinner, Jared Kushner, Trump's son-in-law, placed a call to Richard Mack. Kushner was thirty years old, a decade and a half younger than Mack, but in many respects the men were peers. They were both scions of prominent real estate families, and in 2009 Mack and his wife had attended Kushner's wedding, to Ivanka Trump. The two men were also business associates: Mack held some of the debt on 666 Fifth Avenue, a gleaming thirty-nine-story office building in midtown Manhattan for which Kushner had paid a record $1.8 billion in 2007.

[...]

Despite his evident success, however, Jared was in trouble: After the financial crisis led to a downturn in the rental market, the Kushner Companies risked an imminent default on the loans that had financed the firm's purchase of 666 Fifth Avenue. Jared's lenders were at his throat, and he stood to lose hundreds of millions of dollars, if not the entire building.

According to a source familiar with the call, Jared appealed to his friendship with Mack—"I am a really good person," he insisted—and asked him to accept a substantial write-down of the loan.

Mack held firm. He had been unhappy with some aspects of how the Kushners managed the building, and, as he reminded Jared, he had a fiduciary responsibility to his investors.

Jared did not take the news well. According to the source, he began shouting into the phone, "I've been working my ass off!"

Mack was unimpressed. "I don't know who the hell you think you're talking to," he said, and hung up the phone.

[...]

[Mack] remained dimly aware that Jared had not forgotten their disagreement, but it was not until [...] Elizabeth Spiers, a former editor of the Observer [which Jared owned], wrote on her website about what she called "the Big Dick Mack Story," that he realized the extent of Jared's lingering animosity.

  Esquire
Read the entire article.

...but hey, do what you want...you will anyway.

P.S. When you come to the offhand remark about Jared and Ivanka's Croatian vacation, note that at the time the article was written, this was simply cast as a trip they took when it looked like Trump's chances of winning the election "were cratering." And then think of it in light of the recently released documents from the Mueller investigation reported on by Buzzfeed:
In a Feb. 14, 2018, interview with the special counsel’s office, Bannon said that Kushner had been on vacation with a Russian oligarch when he took over the Trump campaign in August 2016.

In the documents released Saturday, Bannon told investigators that Kushner had been in Croatia with the unnamed Russian billionaire, Rupert Murdoch’s ex-wife Wendi Deng, and the Russian’s girlfriend, whom Bannon said his sources in the intelligence community found to be “questionable.”

[...]

The same day as these emails, Bannon exchanged messages with someone at Breitbart about a Guardian story reporting that Kushner secured a real estate deal with another Soviet-born oligarch.

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