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(Bloomberg)   How is it possible for Jared Kushner to have this much debt and still hold security clearance?   ( bloomberg.com) divider line
    More: Dumbass, Kushner Cos., New York, real estate, Ivanka Trump, Jared Kushner, The New York Observer, Charlie Kushner, Tishman Speyer Properties  
•       •       •

3834 clicks; posted to Politics » on 01 Sep 2017 at 6:05 AM (7 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2017-09-01 02:14:08 AM  
It takes a lot of debt to have it impact your security clearance. It also has to have a delta and a reason to think he (and his family) would be unable to pay it.
 
2017-09-01 02:50:12 AM  
That narrows the pool of investors to those interested in something other than profit.

Money laundering it is, then!
 
2017-09-01 06:11:25 AM  
becauss his father-in-law is a f*cking idiot?
 
2017-09-01 06:11:31 AM  
Republican.
 
2017-09-01 06:15:00 AM  
We've been over this again and again...the president holds the authority to grant clearance over any objections security agencies may have.

So the question is, how is it possible that so many people voted for the dingus?
 
2017-09-01 06:15:58 AM  

Thenixon: We've been over this again and again...the president holds the authority to grant clearance over any objections security agencies may have.

So the question is, how is it possible that so many people voted for the dingus?


Smoking GNU: Republican.


Questions?
 
2017-09-01 06:17:45 AM  

Smoking GNU: Thenixon: We've been over this again and again...the president holds the authority to grant clearance over any objections security agencies may have.

So the question is, how is it possible that so many people voted for the dingus?

Smoking GNU: Republican.

Questions?


s2.quickmeme.com

/The Trump administration, not America
 
2017-09-01 06:23:19 AM  
The company still holds half of a $1.2 billion mortgage, on which it hasn't paid a cent. The full amount is due in February 2019.

What? How? Huh? What?!?
 
2017-09-01 06:23:43 AM  

vygramul: It takes a lot of debt to have it impact your security clearance. It also has to have a delta and a reason to think he (and his family) would be unable to pay it.


Or that the debt was held by an entity that could use it against him to affect his official position.
 
2017-09-01 06:23:58 AM  
Wow, 666 5th is one hell of an albatross to be carrying.
 
2017-09-01 06:27:03 AM  
At this point,  why would any investor think their money would be best used to curry favor with a lame-duck predisency?
 
2017-09-01 06:36:27 AM  
My favorite part is how Kushner's dad is trying to help by setting his son up with his prison connections:

Richard Goettlich, whom Charlie Kushner met in prison and hired, used his contacts to find others, former company employees say.
 
2017-09-01 06:39:02 AM  

no shirt no shoes: At this point,  why would any investor think their money would be best used to curry favor with a lame-duck predisency?


For immediate favors, pardon for the kids, or for someone to run regulatory interference. The usual.
 
2017-09-01 06:43:29 AM  
Does it count if it's not personal debt?
 
2017-09-01 06:47:19 AM  
of course, that's my opinion NOW, before the nukes rain down and the battle at har Meggido commences.
 
2017-09-01 06:47:35 AM  
Borrows a record amount for a high rise right before the housing market collapsed. To quote Gordon Gekko "If this guy ran a funeral home, nobody would die."
 
2017-09-01 06:49:49 AM  

stoli n coke: Borrows a record amount for a high rise right before the housing market collapsed. To quote Gordon Gekko "If this guy ran a funeral home, nobody would die."


The best people.
 
2017-09-01 06:50:51 AM  

ModernLuddite: The company still holds half of a $1.2 billion mortgage, on which it hasn't paid a cent. The full amount is due in February 2019.

What? How? Huh? What?!?


What will happen between now and 2019 to erase or forgive that mortgage? If it is bombed do they still have to pay that back?
 
2017-09-01 06:58:58 AM  

Animatronik: Wow, 666 5th is one hell of an albatross to be carrying.


I'd just like to make the side note that if 666 5th Avenue was in any way tied to Hillary Clinton, the derp coming from the right-wing about it being "proof" she's evil and Satanic would have been non-stop. . .

. . .if it's a Trump property, dead silence.

Donald Trump really is proof that the Evangelicals would openly embrace the Antichrist himself (if such a thing existed).  He can be the walking, talking antithesis of all Christian values and virtues, but they'll ignore that if he panders to their hatred and greed and runs on a Republican ticket.
 
2017-09-01 06:59:18 AM  

El Trolo: Smoking GNU: Thenixon: We've been over this again and again...the president holds the authority to grant clearance over any objections security agencies may have.

So the question is, how is it possible that so many people voted for the dingus?

Smoking GNU: Republican.

Questions?

[s2.quickmeme.com image 625x338]

/The Trump administration, not America


Whynotboth.gif
 
2017-09-01 07:04:52 AM  

Duck_of_Doom: ModernLuddite: The company still holds half of a $1.2 billion mortgage, on which it hasn't paid a cent. The full amount is due in February 2019.

What? How? Huh? What?!?

What will happen between now and 2019 to erase or forgive that mortgage? If it is bombed do they still have to pay that back?


Are you saying Trump is going to nationalize the banks? And then cook the books to benefit his family?

I wish I could rule that out beforehand, but I wouldn't put it past the Collaborator in Chief.
 
2017-09-01 07:06:16 AM  

Allen262: El Trolo: Smoking GNU: Thenixon: We've been over this again and again...the president holds the authority to grant clearance over any objections security agencies may have.

So the question is, how is it possible that so many people voted for the dingus?

Smoking GNU: Republican.

Questions?

[s2.quickmeme.com image 625x338]

/The Trump administration, not America

Whynotboth.gif


Even Trump is not enough for me to not love America*.
Change comes from within. Fight the power from the inside.

/I know, I know, I sound white.
 
2017-09-01 07:14:42 AM  

Duck_of_Doom: ModernLuddite: The company still holds half of a $1.2 billion mortgage, on which it hasn't paid a cent. The full amount is due in February 2019.

What? How? Huh? What?!?

What will happen between now and 2019 to erase or forgive that mortgage? If it is bombed do they still have to pay that back?


Yes, yes they do. Presumably both Kushner and the lender have insurance that covers something like that.
 
2017-09-01 07:19:21 AM  

ModernLuddite: The company still holds half of a $1.2 billion mortgage, on which it hasn't paid a cent. The full amount is due in February 2019.

What? How? Huh? What?!?


I think they are making interest payments only, they have paid nothing on the principal.

But they only have half because they have sold (or given) away part of their ownership to people who take some of the debt in return.

Specifically Roth is mentioned. He owns the retail space downstairs while the Kushners have the less profitable floors above.
 
2017-09-01 07:19:26 AM  

Allen262: El Trolo: Smoking GNU: Thenixon: We've been over this again and again...the president holds the authority to grant clearance over any objections security agencies may have.

So the question is, how is it possible that so many people voted for the dingus?

Smoking GNU: Republican.

Questions?

[s2.quickmeme.com image 625x338]

/The Trump administration, not America

Whynotboth.gif


www.dailydot.com

that's why
 
2017-09-01 07:32:50 AM  
The entire family can't support their lifestyle. Good thing they have the American taxpayer footing their bills now.
 
2017-09-01 07:32:51 AM  
Rules and laws are for the poors subby.
 
2017-09-01 07:35:13 AM  
Now do you understand the back channel he wanted to set up immediately? Papa in law was bailed out by the Russians, Jared was hoping for the same thing. Of course he'd have to trade some classified info in return. No bigly.
 
2017-09-01 07:44:26 AM  
I don't see the problem. February '19 gives him plenty of time to make peace in the Middle East, then pay off a $1.2 billion loan.
 
2017-09-01 07:47:37 AM  

El Trolo: Allen262: El Trolo: Smoking GNU: Thenixon: We've been over this again and again...the president holds the authority to grant clearance over any objections security agencies may have.

So the question is, how is it possible that so many people voted for the dingus?

Smoking GNU: Republican.

Questions?

[s2.quickmeme.com image 625x338]

/The Trump administration, not America

Whynotboth.gif

[www.dailydot.com image 500x353]

that's why


He was working for Hydra all along, why quote a bad guy?
 
2017-09-01 07:57:38 AM  
Can we just skip to the end of this series?  Someone invent some super VR stuff so that Trump and pals can spend their remaining days swimming in money vault or shiatting on poor people or whatever their heart truly desires.  Then the rest of us can get back to living in actual reality and dealing with things like adults.
 
2017-09-01 08:02:20 AM  
I look forward to Grumps telling Lester Holt, of course I made a deal with the Russians, the whole family was in debt, this shows how smart and successful I am.

And I look forward to chants of "Build that tower!" at future rallies in the trumpanzee house.
 
2017-09-01 08:04:41 AM  
"Oh, you guys found out about my debt? Well, that was just an oversight by the people that filled out my security clearance forms and then hit send before they were reviewed. We are amending the paperwork as I forgot all about that debt. We good, right?"
 
2017-09-01 08:13:13 AM  
There is absolutely no chance that Kushner would have gotten his clearance in the first place if he had to follow the rules everyone else does. More to the point, even if he had been granted clearance, there is absolutely no chance Kushner wouldn't already be facing serious criminal charges over his application if he had to follow the rules everyone else does.

Now stop questioning the royal family. You know that the rule of law only applies to democrats and liberals.
 
2017-09-01 08:19:54 AM  
How long until the US government takes over this building for government offices.
For the good of the people of course.
 
2017-09-01 08:20:59 AM  
"The company still holds half of a $1.2 billion mortgage, on which it hasn't paid a cent. The full amount is due in February 2019."

This loan option is strangely absent on Lending Tree.
 
2017-09-01 08:26:21 AM  
Two words, Smitty:

President Daddy.
 
2017-09-01 08:27:20 AM  
Trump, and the GOP, need a figleaf for their increasingly blatant anti-Semitism. That's Jared.
 
2017-09-01 08:29:46 AM  

skozlaw: There is absolutely no chance that Kushner would have gotten his clearance in the first place if he had to follow the rules everyone else does. More to the point, even if he had been granted clearance, there is absolutely no chance Kushner wouldn't already be facing serious criminal charges over his application if he had to follow the rules everyone else does.

Now stop questioning the royal family. You know that the Rule of Law only applies to democrats and liberals.


Granted, there have been other political appointees on other sides of the aisle in recent years who did really stupid shiat with their clearance that would've resorted in repercussions for us normal folk.  Rule of Law applies to the not-politically-connected, regardless of party, unless you're the designated fall guy who gets off much easier than they should for the sins of a group
 
2017-09-01 08:32:48 AM  

NewportBarGuy: becauss his father-in-law is a f*cking idiot?


Could it just possibly be, that Kusher Cos. and The Trump Organization have only managed to make a profit by sheer luck, and that now, their luck has begun to turn?  Sure, Jared and D2S are savvy, bullying, fast talkers, but in the big leagues, that can only take you so far. Perhaps the limit has been reached and the downward slide has passed the point of no return?

About now, the Russian "investors" should be starting to "ask" for their money back...
 
2017-09-01 08:42:08 AM  
This whole situation is just

www.gstatic.com

at this point.
 
2017-09-01 08:46:09 AM  
I don't see how Kushner can keep this afloat without foreign money.  It's way too dicey as an investment.
 
2017-09-01 08:49:17 AM  
Poor people have debt.  Rich people push their debt on their businesses, subsidizing their failure on the backs of shareholders and taxpayers.

Welfare: it's only evil if you're poor.
 
2017-09-01 08:57:33 AM  

Catlenfell: How long until the US government takes over this building for government offices.
For the good of the people of course.


imo it should be used to house homeless vets - lobby-level offices can be converted to therapy rooms and offices devoted to pc-equipped desks with an array of software geared towards work training

given the figures on rent, I'm sure the pentagon can swing it, right?
 
2017-09-01 08:59:43 AM  
As far as debt and security clearance, it's not as much as the amount of debt but how you can manage it without it being used against you.

Between there probably being some PMI style insurance to protect the lender on a default and him going through the usual motion of debt collection, bankruptcy, etc there isn't too much there

it's the hunting for foreign investors that would be more worrisome. I'd imagine that there's more than a few 'investors' working on behalf of various foreign governments that would love to get a price meeting with ole Jared and get him to sweeten the pot by offering some access to Daddy in law or some other info he's privy because of his clearance.

Whether his pop in law is president or not, the folks who handle security clearances don't like being messed with. won't help him if Kelly puts his foot down on the matter.

with security clearances, it's more about making sure we know everything and nothing can be used against you

/if photos exists, own it and ask for copies
//nothing is secret, even the goat
///i was young, drunk, and lost in field....don't judge me...
 
2017-09-01 09:00:06 AM  
So you're saying Jared is not as rich, smart, or talented as Trump thinks?

Huh.
 
2017-09-01 09:27:33 AM  

clarksvegas: it's the hunting for foreign investors that would be more worrisome


Josh Marshall - Talking Points Memo - "What all of this amounts to is that while Kushner has been given oversight of numerous key foreign policy issues and problems, his 'family' is simultaneously in a desperate hunt for money which basically has to come from abroad - from a lot of the people he meets with in his White House job. It's like having a Secretary of State desperate for help getting money from every foreign potentate he meets with. In fact, it's not 'like' that. It sort of is that."
 
2017-09-01 09:30:10 AM  
Truck Fump: Could it just possibly be, that Kusher Cos. and The Trump Organization have only managed to make a profit by sheer luck, and that now, their luck has begun to turn?

TFA says they pulled another $50 million out of the equity.  I didn't see it $50 million went towards another castle on the swamp or just plain old bling.  Either way, being able to throw money around is not necessarily a sign of profit.
 
2017-09-01 09:39:53 AM  

bhcompy: skozlaw: There is absolutely no chance that Kushner would have gotten his clearance in the first place if he had to follow the rules everyone else does. More to the point, even if he had been granted clearance, there is absolutely no chance Kushner wouldn't already be facing serious criminal charges over his application if he had to follow the rules everyone else does.

Now stop questioning the royal family. You know that the Rule of Law only applies to democrats and liberals.

Granted, there have been other political appointees on other sides of the aisle in recent years who did really stupid shiat with their clearance that would've resorted in repercussions for us normal folk.  Rule of Law applies to the not-politically-connected, regardless of party, unless you're the designated fall guy who gets off much easier than they should for the sins of a group


I assume you have examples that are equivalent to Trump and Kushner, right?
 
2017-09-01 09:42:07 AM  

JerkStore: So you're saying Jared is not as rich, smart, or talented as Trump thinks?

Huh.


Judging by the figures in the article, Trump thinks he's a younger version of himself.
 
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