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Fri Jun 29, 2018, 04:38 PM

Did Justice Kennedy's Son Bail Out Jared Kushner on The 666 Building? It Appears So.

durrati at Daily Kos

https://www.dailykos.com/stories/2018/6/29/1776576/-Did-Justice-Kennedy-s-Son-Bail-Out-Jared-Kushner-on-The-666-Building-It-Appears-So

"SNIP.........

Just came across this story on Medium.com, it seems well sourced.

Here’s the relevant part:

According the New York Times, in 2007 Kushner Companies purchased “an aluminum-clad office tower in Midtown Manhattan, for a record price of $1.8 billion.” At the time the NYT wrote that this deal was “considered a classic example of reckless underwriting. The transaction was so highly leveraged that the cash flow from rents amounted to only 65 percent of the debt service.” The Times continues:

“As many real estate specialists predicted, the deal ran into trouble. Instead of rising, rents declined as the recession took hold, and new leases were scarce. In 2010, the loan was transferred to a special servicer on the assumption that a default would occur once reserve funds being used to subsidize the shortfall were bled dry. But the story may yet have a happy ending for Kushner, a family-owned business that moved its headquarters from Florham Park, N.J., to 666 Fifth, its
first major acquisition in Manhattan.”

Who came to the rescue? None other than LNR Property, the company whose CEO at the time was Justin Kennedy. According to the NYT and the Real Deal, Mr. Kushner and LNR “reached a possible agreement with LNR Property, a firm specializing in restructuring troubled debt and which oversees the mortgage, that would allow him to retain control of the tower by modifying the terms of the $1.2 billion mortgage tied to the office portion of the building.” A spokesman for Mr. Kushner told the Wall Street Journal in March of 2011 that “[t]he Kushner’s are ready and willing to invest more money into the property as soon as they can come to mutually satisfactory terms with the servicing agent.” In that same article Kushner’s father-in-law and the future President commented on the negotiations with Justin Kennedy’s company. Speaking about the deal, Trump told the WSJ that Kushner is “a very smart young man…I think it (loan renegotiations) will come out well for him and everybody.” At this point there is no doubt that there was a direct business relationship between LNR and Kushner Companies at the time Justin Kennedy and Jared Kushner were both CEO. Even the future President was aware of the deal and commented on its respective merits. (That being said, it is not impossible that Jared Kushner and Justin Kennedy did not meet in connection with the specific deal in question; however, given the stakes involved it does seem more than likely that the two CEO’s would have interacted as negotiations were being conducted.)



............SNIP"

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Reply Did Justice Kennedy's Son Bail Out Jared Kushner on The 666 Building? It Appears So. (Original post)
applegrove Jun 2018 OP
Wellstone ruled Jun 2018 #1
cstanleytech Jun 2018 #8
Achilleaze Jun 2018 #2
dalton99a Jun 2018 #4
tecelote Jun 2018 #3
mr_lebowski Jun 2018 #5
applegrove Jun 2018 #6
BigmanPigman Jun 2018 #7
RestoreAmerica2020 Jun 2018 #9

Response to applegrove (Original post)

Fri Jun 29, 2018, 04:39 PM

1. Plain as the nose on ones face.

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Response to Wellstone ruled (Reply #1)

Fri Jun 29, 2018, 06:53 PM

8. Kennedy is in his 80s though so to be perfectly honest the most

likely reason for his retirement is simply wanting to relax and enjoy his final years.
After that comes having a health issue like terminal cancer followed by the theory that he was blackmailed and I doubt it was blackmail because in this kind of case it could lead to a long prison sentence for the blackmailer.

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Response to applegrove (Original post)

Fri Jun 29, 2018, 04:53 PM

2. 666 is the number of the republicans

they own it

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Response to Achilleaze (Reply #2)

Fri Jun 29, 2018, 05:06 PM

4. +1

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Response to applegrove (Original post)

Fri Jun 29, 2018, 05:03 PM

3. Which is relevant to this...

SCOTUS Justice Kennedy's son was TRUMP'S BANKER AT DEUTSCHE BANK

https://www.democraticunderground.com/100210805943

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Response to applegrove (Original post)

Fri Jun 29, 2018, 05:37 PM

5. Is there evidence that Kennedy has abruptly changed positions on any issues since Trump?

Cause if SO ... then we might really 'have something' with this situation.

If not, then it's really just a 'bad look' as far as I can tell.

OR if we'd had a 2K election situation and it was 5-4 and he's was on Dump's side, or something along those lines.

Need to be able to prove this 'relationship' impacted Kennedy's voting, basically.

I DO kinda wonder though whether he actually wanted out before having to decide on Mueller's stuff, given this relationship. I could TOTALLY have seen pressure for him to recuse on these grounds, and if he did so ... that could easily have resulted in a 4-4 tie on whether Dump could be indicted, leading to a really bad situation i.e. Constitutional Crisis.

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Response to mr_lebowski (Reply #5)

Fri Jun 29, 2018, 05:39 PM

6. It will turn out to be nothing. But NY Times had a good article on how

Trump has been giving positions to people who worked for Kennedy at the Supreme Court. Influence like that. Couching Kennedy in Trumpworld.

https://www.democraticunderground.com/100210810489

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Response to applegrove (Original post)

Fri Jun 29, 2018, 06:43 PM

7. I just read about this on another post and watched Stephanie Ruhle

who spoke about Kennedy's son and how he wasn't involved directly with tRump but she didn't mention Jared at all. Jared and Kennedy's son were involved!

Go down to the post with Ruhle and watch.
https://www.democraticunderground.com/100210810694

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Response to applegrove (Original post)

Fri Jun 29, 2018, 06:53 PM

9. Is there no end to the collusion, corruption, nefarious back room deals

..against our Country, our democracy; the rule of law. Damn, if Mueller pulls at every thread this corrupt guy in WH is [has been] involved with, he'll never end the investigation ...it is a seemingly unending black hole.

Ps wtf

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