Aka, Grandpa’s blog … An emotional purgative for our world's cultural excesses.
Tuesday, May 16, 2023
Look Over There!
Every time things get hot for the Biden crime family … some other story (Trump lawsuit or Santos indictment?) seems to sneak into the headlines and dominating the newscasts.
https://www.nytimes.com/2022/04/10/us/jared-kushner-saudi-investment-fund.html Granted it was investment but there are certainly whopping administrative fees involved.
Chillfin; Six months after leaving the White House, Jared Kushner secured a $2 billion investment from a fund led by the Saudi crown prince, a close ally during the Trump administration, despite objections from the fund’s advisers about the merits of the deal.
A panel that screens investments for the main Saudi sovereign wealth fund cited concerns about the proposed deal with Mr. Kushner’s newly formed private equity firm, Affinity Partners, previously undisclosed documents show.
Those objections included: “the inexperience of the Affinity Fund management”; the possibility that the kingdom would be responsible for “the bulk of the investment and risk”; due diligence on the fledgling firm’s operations that found them “unsatisfactory in all aspects”; a proposed asset management fee that “seems excessive”; and “public relations risks” from Mr. Kushner’s prior role as a senior adviser to his father-in-law, former President Donald J. Trump, according to minutes of the panel’s meeting last June 30.
But days later the full board of the $620 billion Public Investment Fund — led by Crown Prince Mohammed bin Salman, Saudi Arabia’s de facto ruler and a beneficiary of Mr. Kushner’s support when he worked as a White House adviser — overruled the panel.
Wikipedia: According to ethics experts, the investment created the appearance of potential payback for Kushner, given that he had been a staunch defender of Saudi crown prince Mohammed bin Salman while at the White House.[7] The House Oversight Committee said on June 2, 2022, that it had opened an investigation into whether Kushner had traded on his government position to get the deal.
[7] Kirkpatrick, David D.; Kelly, Kate (2022-04-10). "Before Giving Billions to Jared Kushner, Saudi Investment Fund Had Big Doubts". The New York Times.
Hey, Look at the Billions Jared got from Saudis!. Biden relatives are small-time in comparison.
ReplyDeleteReference please …
ReplyDeletehttps://www.nytimes.com/2022/04/10/us/jared-kushner-saudi-investment-fund.html
ReplyDeleteGranted it was investment but there are certainly whopping administrative fees involved.
Sorry .. I won’t pay to cross the paywall. Give me the details.
ReplyDeleteChillfin; Six months after leaving the White House, Jared Kushner secured a $2 billion investment from a fund led by the Saudi crown prince, a close ally during the Trump administration, despite objections from the fund’s advisers about the merits of the deal.
ReplyDeleteA panel that screens investments for the main Saudi sovereign wealth fund cited concerns about the proposed deal with Mr. Kushner’s newly formed private equity firm, Affinity Partners, previously undisclosed documents show.
Those objections included: “the inexperience of the Affinity Fund management”; the possibility that the kingdom would be responsible for “the bulk of the investment and risk”; due diligence on the fledgling firm’s operations that found them “unsatisfactory in all aspects”; a proposed asset management fee that “seems excessive”; and “public relations risks” from Mr. Kushner’s prior role as a senior adviser to his father-in-law, former President Donald J. Trump, according to minutes of the panel’s meeting last June 30.
But days later the full board of the $620 billion Public Investment Fund — led by Crown Prince Mohammed bin Salman, Saudi Arabia’s de facto ruler and a beneficiary of Mr. Kushner’s support when he worked as a White House adviser — overruled the panel.
Thanks! That was over 2 years ago when Trump was out of office. I wonder how his PE fund is doing? Any idea?
ReplyDeleteGoogle it. And subscribe to the NYTimes. It is so much better to say that they are fake news when you see what they are saying first hand.
ReplyDeleteAsk ChatGPT
ReplyDeleteWikipedia: According to ethics experts, the investment created the appearance of potential payback for Kushner, given that he had been a staunch defender of Saudi crown prince Mohammed bin Salman while at the White House.[7] The House Oversight Committee said on June 2, 2022, that it had opened an investigation into whether Kushner had traded on his government position to get the deal.
ReplyDeleteWho wrote this Wiki entry … Adam Schiff?
ReplyDelete[7] Kirkpatrick, David D.; Kelly, Kate (2022-04-10). "Before Giving Billions to Jared Kushner, Saudi Investment Fund Had Big Doubts". The New York Times.
ReplyDeleteThat was a rhetorical question …
ReplyDelete