"I've never seen anything like it": Economic analyst stunned at sources of Jared Kushner's funds
"I've never seen anything like it": Economic analyst stunned at sources of Jared Kushner's funds
"Unprecedented: Just 1% of investments in Kushner's fund came from sources in the United States.
Economic analyst Steven Rattner on Monday shared a pie chart showing that all but 1% of the $3 billion in investments in former President Donald Trump's son-in-law Jared Kushner's private equity firm Affinity Partners came from foreign sources after he "spent much of his White House tenure cozying up" to Saudi Arabia and Crown Prince Mohamed bin Salman. The Saudis invested $2 billion in Kushner's fund while the United Arab Emirates and Qatar each added another $200 million. About $625 million came from other non-U.S. sources while only $31 million came from sources inside the U.S. Rattner told MSNBC that he's "never seen this" in 40 years in the business.
"I've never seen somebody get two-thirds of their money from a single investor. Usually a single investor might be a few percent of the fund, might be 5 percent, occasionally 10 percent," he said. While Kushner has hired some people for his fund, "I've seen nothing else about what he's actually done with the money," Rattner continued.
"It is normal to invest this money over a period of several years, so I don't think we can draw a firm conclusion yet. But, again, we're going back to a guy who's a real estate guy, and frankly, not a particularly good one at that, who's suddenly got $3 billion trying to do private equity deals competing against people who've been in this business for a long time. And I wouldn't, if I were the Saudis, count on making a lot of money from this any time soon," he said, adding: "U.S. private equity firms still raise the vast bulk of their money from U.S. investors. This is extraordinary — unprecedented — I've never seen anything like it."
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we watched him do this shit for 4 years 3 years ago, and they’re “stunned” about this now???
they knew. they always knew. that’s why they went into business with him. this objection is purely performative so they can take his dirty money while trying to stay clean.
but they’re still just as dirty
I'm so sick of everything being blatantly corrupt. You can't take a shit without it making four shady deals on the way down to the water. The rot has spread so much the cleansing flames would engulf the world. Human potential, wasted completely on profits and racketeering. It would take a global movement to uproot what has taken hold of all of us.
I’m not so big on the “cleansing flames” part, but I agree with the rest.
It meant we're so entangled with this shit that undoing it would unravel the world. And every elite is drinking from their own glass, they truly believe they do no harm.
they truly believe they do no harm.
eh… I don’t believe that. maybe some of them might, but I refuse o believe they’re all so oblivious to the harm they cause and that at least some of them aren’t enjoying it.
They aren't oblivious. They justify it in their own minds. Maybe I'm saying that because I don't want to believe we built a society that turns psychopaths into gods.
I don’t want to believe we built a society that turns psychopaths into gods.
you mean capitalism?
edit: sorry, I don’t mean to sound glib
Don't mind the libertarians booing you. Its obvious a society built on individualism and man-eat-man would turn to this. I still don't want to believe this is the best we could come up with.
libertarians, you say? is that what the nazis are calling themselves this week?
I’m well past caring what strangers on the internet think of me, trying to hurt my feelings with imaginary internet points.