Kushner cleared over 2 billion in post presidency deal while ivanka made 640 million.
If The Trump family is saving the country this is a pretty backwards way of going about it.
How is this not corruption in the trump presidency and laundering money through his family in basically the same way the biden crime family did?
Edit: Strange that is such an outrage over a legitimate topic. Almost as when twitter bots unanimously attack a target. Id say we're over target with this one.
You have to look near the bottom of this thread for any legitimate posts. Buried by childish rage, willfully ignorant posters, and a conceited, self righteous, egomaniac mod whos attacking his own community.
Kushner's family are open zionists. Trump pardoned kushners father. Trump's daughter is married to a zionist, globalist, jew. Who just recieved a 2 billion dollar investment through his fathers presidential connections. The crime family just changed faces. If people can curb their man crush on trump and consider what is really happening here for a second.
People seem to be under this impression that this is unusual. It's not. Their entire business revolves around commercial real estate. Kushner (The company, not Jared) typically invests in a mixture of mid and high tier markets (Everything from Rural Mississippi to Manhattan). The higher end buildings are VERY expensive. Those are the type of investments where you typically can't get a single loan to cover all of your costs.
This is where "alternative funding" comes into play. And EVERYONE in this business does it. It's REALLY common for sovereign wealth funds, insurance companies, private equity funds, etc. to allocate large amounts of money to commercial real estate developers in place of conventional mortgage companies. At that point it's less of a leveraged investment and more a commercial syndication, but I'm getting technical now.
Basically, CRE developers use these types of investors instead of taking out a half a dozen large mortgages from various lenders, because they're the only ones that can throw around that level of cash and be happy with a lower return. They're typically not looking for massive returns, they're looking for low-mid sized returns that are SUPER stable and reliable. And real estate, specifically commercial real estate in American population centers, is one of the safest, and most stable cash flowing assets in the world. Even in the current economic climate, Office, the currently most distressed CRE asset class, is still at roughly 80% occupancy and growing as people are forced back to the office by their employers. (Anyone telling you office is dead is fooling themselves, but that's an entirely different conversation).
So this isn't unusual, it's just more media hype to make it look like Trump and his family are doing something evil and unethical by following the industry norms.
Every city in America, and I mean all of them, especially the supposed most prosperous, have thousands upon thousands of empty 10,000 sq ft + office spaces. These buildings are all empty from the second floor up. It's all a money laundering scheme. There are tons of videos on this, but you don't even need that because you can look at it yourself. New York city, Los Angeles, Seattle, Dallas, Chicago. Abandoned buildings everywhere with just the first or second floor occupied. We have unlimited real estate. We can house everyone and offer businesses dirt cheap rent, but that's not allowed. Real Estate is a complete ponzi scheme. If we stopped printing money, this would get revealed and it would crash to reality and become a depreciating asset, as it should be because they need to all be maintained and refurbished every few decades.
See my reply to u/Mandigo as to why they were downvoted and are wrong on essentially every point. As for the homeless people, they're not exactly the most "reliable" sources of information given most of them have some form of mental disorder, drug addiction, etc. etc. They'll say basically anything if they think it'll get them something. Obviously that's not true of EVERY homeless person, but there's a reason California cities have the highest homeless population. They literally travel there because California essentially pays them exist and enables their drugs habits and mental disorders.
Trump Adviser Kushner’s Undisclosed Partners Include Goldman and Soros
https://www.wsj.com/articles/trump-adviser-jared-kushner-didnt-disclose-startup-stake-1493717405
I'm surprised by this as well. Must be Chinese bots on this site or something. Jokes on them, we can see everything because there just aren't that many posters on here.
I'll give the benefit of doubt but my whoever smelt it dealt it sense is ringing off the hook.