Drudge Retort: The Other Side of the News
Saturday, March 03, 2018

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. 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.




Alternate links: Google News | Twitter

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.

That loan was made in the spring of 2017, shortly after Mr. Kushner met in the White House with Citigroup's chief executive, Michael L. Corbat, according to people briefed on the meeting. The two men talked about financial and trade policy and did not discuss Mr. Kushner's family business, one person said.

There is little precedent for a top White House official meeting with executives of companies as they contemplate sizable loans to his business, say government ethics experts.

"This is exactly why senior government officials, for as long back as I have any experience, don't maintain any active outside business interests," said Don Fox, the former acting director of the Office of Government Ethics during the Obama administration and, before that, a lawyer for the Air Force and Navy during Republican and Democratic administrations. "The appearance of conflicts of interest is simply too great."


Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

Still more conflicts of interest. Like anybody on the (R) side of the aisle is going to care.

It's just another load of trash on the dumpster fire. There are so many shady and embarrassing goings-on with this administration that it's hard to keep track.

#1 | Posted by cbob at 2018-03-03 03:56 PM | Reply | Newsworthy 1

Would these matters be within the scope of the Mueller investigation? Or would this warrant it's own?

#2 | Posted by rstybeach11 at 2018-03-03 05:28 PM | Reply

Chapter 13 of The Book of Revelation, it reads: "Let the one with understanding reckon the meaning of the number of the beast, for it is the number of a man. His number is 666. fifth avenue

#3 | Posted by ABlock at 2018-03-03 06:05 PM | Reply

Comments are closed for this entry.

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy | Copyright 2018 World Readable

Drudge Retort