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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsConnect the dots! Nothing shady AT ALL about the Kushner family's $1.15 billion federal loan request
The family of President Donald Trumps son-in-law is reportedly seeking a $1.15 billion in federal loans to purchase apartments in Virginia and Maryland, reports Bloomberg.
According to the report, Kushner Companies, the real-estate firm owned by White House adviser Jared Kushners family is seeking the funds from federally-owned lenders Fannie Mae and Freddie Mac. The loans would then be used to purchase 6,030 apartments across 16 properties, reports Bloomberg.
The report goes on to state that the family previously had more than $500 million from Fannie Mae and Freddie Mac at the time Jared Kushner separated himself from the familys real estate business to join his wife, Ivanka, in the White House.
According to the report, President Trump appointed Joseph Otting to oversee the Federal Housing Finance Agency, which regulates Fannie and Freddie. Otting previously served as CEO of OneWest Bank, founded by now-Treasury Secretary Steven Mnuchin, an ally of Kushners in the West Wing.
https://www.rawstory.com/2019/02/kushner-family-seeking-massive-billion-dollar-federal-loan-purchase-real-estate-properties-report/
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Connect the dots! Nothing shady AT ALL about the Kushner family's $1.15 billion federal loan request (Original Post)
Miles Archer
Feb 2019
OP
Normalize this level of corruption and become at the mercy of billionaires forever. . . . nt
Bernardo de La Paz
Feb 2019
#12
WheelWalker
(8,955 posts)1. Kick
world wide wally
(21,740 posts)2. Bad risk
Scurrilous
(38,687 posts)3. K&R
dalton99a
(81,446 posts)4. Nope. It's normal.
rickford66
(5,523 posts)5. These type of loans should be for new housing.
Not for the connected to buy existing housing. Nothing is produced except profits will be squeezed out of the purchased properties by cutting costs. We all know how you can cut costs in real estate and most of it doesn't improve anything.
oasis
(49,376 posts)6. Hell No !
alwaysinasnit
(5,063 posts)7. K&R
KPN
(15,642 posts)8. Why can't he just get the $1.15 billion from
the Saudis or the Russians?!
3Hotdogs
(12,370 posts)10. They have probably already gotten all they need from the shit-hooks.
They have no benefit to loan him any more.
Fuzzpope
(602 posts)9. Can you even imagine
Having that slimy little shit weasel metrosexual as a fucking landlord?
[Vomit][/vomit]
Bernardo de La Paz
(48,988 posts)11. "one hand washing the other" . . . nt
Bernardo de La Paz
(48,988 posts)12. Normalize this level of corruption and become at the mercy of billionaires forever. . . . nt
NoMoreRepugs
(9,410 posts)13. Wait... what's that I hear??? BENGHAZI!!!!!