2018 article in Investors.com about Obama and Nesbitt scumbaggery business dealings. Interesting read. Sounds like the same thing FJB is doing today.
The book claims "Obama and his administration would deem industries either destructive to the environment or exploitative for the financial and professional gain of his friends, including industries such as coal mining, offshore drilling, cash advance companies, and for-profit colleges," wrote Katelyn Caralle of the Washington Examiner.
Schweizer's book, based on extensive research, says that Obama acted to regulate certain industries in such a way that the regulations lowered the value of some of the companies, wrote Katelyn Caralle of the Washington Examiner. These actions let two family friends to profit handsomely on deals through their own investment firm.
Here's how it worked: Obama buddies Marty Nesbitt and Harreld Kirkpatrick III formed a private equity investment firm called Vistria, right around the time Obama was re-elected in 2012.
Nothing wrong with that, except, as Schweizer notes in his book, "A curious pattern began to emerge. Obama and his administration would attack industries with government power, which led to substantially lower valuations for these companies. Nesbitt and Vistria, or others close to Obama, could then acquire those assets for pennies on the dollar."
https://www.investors.com/politics/editorials/think-obama-administration-wasnt-corrupt-think-again/
2018 article in Investors.com about Obama and Nesbitt scumbaggery business dealings. Interesting read. Sounds like the same thing FJB is doing today.
The book claims "Obama and his administration would deem industries either destructive to the environment or exploitative for the financial and professional gain of his friends, including industries such as coal mining, offshore drilling, cash advance companies, and for-profit colleges," wrote Katelyn Caralle of the Washington Examiner.
Schweizer's book, based on extensive research, says that Obama acted to regulate certain industries in such a way that the regulations lowered the value of some of the companies, wrote Katelyn Caralle of the Washington Examiner. These actions let two family friends to profit handsomely on deals through their own investment firm.
Here's how it worked: Obama buddies Marty Nesbitt and Harreld Kirkpatrick III formed a private equity investment firm called Vistria, right around the time Obama was re-elected in 2012.
Nothing wrong with that, except, as Schweizer notes in his book, "A curious pattern began to emerge. Obama and his administration would attack industries with government power, which led to substantially lower valuations for these companies. Nesbitt and Vistria, or others close to Obama, could then acquire those assets for pennies on the dollar."