Drudge Retort: The Other Side of the News
Monday, July 10, 2017

Not long before a major crisis ripped through the Middle East, pitting the United States and a bloc of Gulf countries against Qatar, Jared Kushner's real estate company had unsuccessfully sought a critical half-billion-dollar investment from one of the richest and most influential men in the tiny nation, according to three well-placed sources with knowledge of the near transaction. Kushner is a senior adviser to President Trump, and also his son-in-law, and also the scion of a New York real estate empire that faces an extreme risk from an investment made by Kushner in the building at 666 Fifth Avenue, where the family is now severely underwater.

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On June 5, a diplomatic crisis broke out, as Saudi Arabia and the UAE, along with Egypt and Bahrain, downgraded ties with Qatar, citing Qatar's funding of terrorist organizations. Weeks earlier, the same countries blocked a number Qatari-backed media outlets citing derogatory public comments by the Emir, which Qatar insisted were fabricated and the result of a hack (Russia?). On June 9, after Saudi Arabia and the UAE had begun to blockade Qatar, Secretary of State Rex Tillerson sought to calm nerves, calling for mediation and an immediate end to the blockade. Within hours, Trump, at a White House ceremony, contradicted Tillerson, slamming Qatar again and claiming they have "historically been a funder of terrorism at a very high level." Trump's White House remarks, Tillerson came to believe, had been written by UAE Ambassador Yousef Al-Otaiba and delivered to Trump by Jared Kushner. Had the Qataris known where things were heading diplomatically, said the source in the region, they'd have happily ponied up the money, even knowing that it was a losing investment. "It would have been much cheaper," he said.

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Jared Kushner is going to be lucky in the near future if he's ever allowed to see his children anywhere but from behind bars. Absolutely amazing that he believes he can operate in the manner he does without most of the globe's major (and likely minor) intelligence services clocking his amateurish attempts to use his father-in-law's position to save his own family's bacon from the fires of gross miscalculation.

You have to read this story to believe it, but the unspoken inference is there for anyone to discern: The roots of the entire Qatari 'crisis' may be little more than a coordinated, blunt attempt at extortion, with the end result being an otherwise reluctant financier now willing to bail the Kushner family out from it's albatross known as the 666 Building in NYC with a little assist from Russian hackers on the side according to Foreign Policy.

Mueller's going to have a field day on Ivanka's husband.

#1 | Posted by tonyroma at 2017-07-10 01:26 PM | Reply | Newsworthy 1

Interesting times we live in. A small percentage of the population is largely responsible for the disasters the rest of us face. These people are criminals on a scale most cannot imagine, and that's one reason they get away with things.

#2 | Posted by Zed at 2017-07-10 01:56 PM | Reply | Newsworthy 1

"unspoken inference"

POSTED BY TONYROMA

redundant

#3 | Posted by DixvilleNotch at 2017-07-10 02:01 PM | Reply

Nothing to see here.

-DR Republicans

#4 | Posted by Sycophant at 2017-07-10 02:05 PM | Reply

Well duh! If you are looking for investors, one usually goes to those who have money to invest.

#5 | Posted by docnjo at 2017-07-10 02:10 PM | Reply

Well duh! If you are looking for investors, one usually goes to those who have money to invest.

#5 | POSTED BY DOCNJO

Do the words "Conflict of Interest" mean anything to you?

#6 | Posted by Sycophant at 2017-07-10 02:17 PM | Reply | Newsworthy 5

Well duh! If you are looking for investors, one usually goes to those who have money to invest and want access to the president who also happens to be your father in law in return

#7 | Posted by hatter5183 at 2017-07-10 02:23 PM | Reply

Please. A right winger, any right winger, please defend Kushner. I gotta hear the defense. Y'know, with all the right-wing spin meisters out there, there has to be a defense. Lay it on me baby.

#8 | Posted by moder8 at 2017-07-10 02:34 PM | Reply

Prediction: When the dust settles somewhere in the not-too-distant future, a jewelry chain will be forced to take on a new identity due to the incredible negative connotation that will forever be connected to the name Jared.

Kinda like a Benedict Arnold type of connotation....

#9 | Posted by tonyroma at 2017-07-10 02:46 PM | Reply | Newsworthy 1

I gotta hear the defense.

#8 | Posted by moder8 at 2017-07-10 02:34 PM | Reply

I think you heard the defense: Jared needed money.

#10 | Posted by Zed at 2017-07-10 02:59 PM | Reply

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#6 | Posted by Sycophant, wasn't this long before the election? So no, there was no conflict of interest. Secondly Kushner manages his own business, separate from any dealings with Trump. One thing the item did not say, was this even before he married Trump's daughter?

#11 | Posted by docnjo at 2017-07-10 03:00 PM | Reply

#9

Much like the Trumps were scrambling before the election to change the company name.due to the embarrassment factor..

Oh, and remember how stunned the Republicans were when they realized they hadda work with the guy?

Now, they stand in line to lick his pee pee.

#12 | Posted by TedBaxter at 2017-07-10 03:07 PM | Reply

Sorry to piss on the parade, but this is pretty old news in RE Development circles.

Charles Kushner (Jared's dad) was in negotiations with Al Mirqab Projects Group, the PE fund that Sheikh Hamad Bin Jassim Bin Jabor Al Thani (everyone calls him "HBJ") owns, since early 2015. After months of negotiations, HBJ agreed in 2016 to put $500M in "first" money contingent on the Kushner Companies putting up $750M and additional investors putting up another $2.4B to rescue 666 Fifth (aptly named). Anbang, a China insurance co/investment firm tied to the Government, was going to put in another $400M but the remaining $2B has not closed yet.

Al Mirqab Projects Group (Al Mirqab Group) has an estimated $40B in RE projects around the world, with over half of it in the US.

#13 | Posted by leftcoastlawyer at 2017-07-10 03:35 PM | Reply

Sorry to piss on the parade, but this is pretty old news in RE Development circles.

Sorry, but the news isn't the year's long progression of Kushner's attempts to secure financing, it's the connection of Jared to the regional isolation of Qatar through the use of another Russian hack job while undermining the US Secretary of State.

Also, Anbang is out. Perhaps you should read the story for the latest information first before pulling out your pud.

#14 | Posted by tonyroma at 2017-07-10 03:44 PM | Reply

Sorry, but the news isn't the year's long progression of Kushner's attempts to secure financing, it's the connection of Jared to the regional isolation of Qatar through the use of another Russian hack job while undermining the US Secretary of State.

Considering this wasn't a secret and it is his father doing the heavy lifting, it seems to me that the Intercept is trying to make a big deal out a transaction that people in the industry have know about for years because of the Qatar situation, i.e. "click bait."

Also, Anbang is out. Perhaps you should read the story for the latest information first before pulling out your pud.

I'm sorry, was the word "was" confusing for you? I am not sure I can use a simpler word to help you out.

#15 | Posted by leftcoastlawyer at 2017-07-10 03:49 PM | Reply | Funny: 1 | Newsworthy 1

The issue isn't the deal, the issue is that Jared's position has changed and to many he has a blatant conflict of interest, not to mention his machinations in the Qatari crisis that you've yet to acknowledge and stands as the main reason for the article in the first place.

I must say you do good work with one hand though.

#16 | Posted by tonyroma at 2017-07-10 03:53 PM | Reply

As the article stated and you did too, your sentence did not say that Anbang was out, only that the other financing necessary for their partnership had not been "closed as yet". The "was" was contingent upon the "but" as I read it, but perhaps you have some other method of discerning English. Care to share?

#17 | Posted by tonyroma at 2017-07-10 03:57 PM | Reply

Trump relative needs money

foreign entity has money

gee what can the trump relative offer to get the foreign entity to give up the $$

#18 | Posted by hatter5183 at 2017-07-10 04:12 PM | Reply

perhaps you have some other method of discerning English. Care to share?

"Was", as used, is past tense, if I meant that Anbang is still in the deal contingent on other financing closing then I would have used the present tense.

I'm pretty sure you can find an old "Schoolhouse Rock" on YouTube if you need further guidance.

#19 | Posted by Rightocenter at 2017-07-10 04:27 PM | Reply

Anbang, a China insurance co/investment firm tied to the Government, was going to put in another $400M but the remaining $2B has not closed yet.

The past tense of "was" is put in abeyance by the contingency of the second part of the sentence. If it were definitive that Anbang was out REGARDLESS there would have been no need to say "yet." Yet opens the door to the possibility if the conditions are indeed met, then Anbang might follow through. I didn't write the sentence, he did. Perhaps "but the remaining $2B never closed," should have been written, then the ambiguity wouldn't exist.

Honestly, both interpretations can be supported by grammatical rules.

And you won't find that on Schoolhouse Rock though I'm sure you're quite the aficionado. It shows.

#20 | Posted by tonyroma at 2017-07-10 04:42 PM | Reply | Newsworthy 1

- I'm sure you're quite the aficionado

He played Boober in Fraggle Rock.

www.youtube.com

#21 | Posted by Corky at 2017-07-10 04:46 PM | Reply | Funny: 1

I'm sorry, was the word "was" confusing for you? I am not sure I can use a simpler word to help you out.

#15 | POSTED BY LEFTCOASTLAWYER

"Was", as used, is past tense, if I meant that Anbang is still in the deal contingent on other financing closing then I would have used the present tense.

#19 | POSTED BY RIGHTOCENTER

Am I the only one that didn't know ROC and LCL are apparently one in the same?

#22 | Posted by tonyroma at 2017-07-11 07:28 AM | Reply | Newsworthy 3

POSTED BY LEFTCOASTLAWYER AT 2017-07-10 03:49 PM | REPLY | FLAGGED FUNNY BY RIGHTOCENTER,
Nothing like fluffing your own posts is there?

#23 | Posted by tonyroma at 2017-07-11 07:36 AM | Reply | Newsworthy 1

Having been in commercial real estate for some time, the Kushners strike me as being adept at making a small fortune out of a large one. The loan undoubtedly was securitized in a CMBS transaction, and 2007 issues were handled like kryptonite by some who recognized the terrible underwriting and dream-like assumptions made by lenders and borrowers. The loan is coming due, if not already matured. My wager: lender will take a beating, the Kushners will lose the building and their $500MM. TFB...

#24 | Posted by catdog at 2017-07-11 12:30 PM | Reply

The WH is shaking down Qatar to bail out the Kushner crime family.

#25 | Posted by bored at 2017-07-11 05:21 PM | Reply

The WH is shaking down Qatar to bail out the Kushner crime family.

Yeah, but don't forget that time President Obama said "corpseman".

#26 | Posted by REDIAL at 2017-07-11 06:49 PM | Reply

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