Jared Kushner Can't Stop Taking L's

[mahatmakanejeeves]

Jared Kushner Can't Stop Taking L's

BY LUKE DARBY
15 hours ago

Weird how he keeps forgetting all these suspicious financial deals.

The most convincing defense of Jared Kushner is that he's a raging idiot. Just monumentally dumb. He's been fined more than once for not turning over financial disclosure forms on time. And when he does turn them in, he keeps leaving off dozens of assets. He and Ivanka even had three different personal email accounts for government business.

Of course, there's another possible explanation for all of this: he's a breathlessly desperate money-grubber. After all, he made millions after not disclosing ownership of one particular real estate company while working for the government.

Maybe you're tempted to say, "Well, if he's making money off of it, he's not dumb, right? Might he just be corrupt?" Look, no one is arguing that he's not corrupt. But Kushner has been failing to cover his money-hungry ass repeatedly, and for months. A person who isn't dumb on a cosmic scale would have learned to do better by this point.

And the hits don't stop coming, either. Thanks to the Paradise Papers, a massive trove of documents on international financial dealings, The Guardian has discovered that a Kremlin-backed bank and the financial wing of the Russia-owned gas company, Gazprom, invested in Facebook and Twitter through... a company owned by Kushner. It's a complicated and drawn out process, but essentially:

{snip}

No, I did not know what "taking the L" meant. The term is defined here:

Take the L

{edited to add, per longship's reply. Hat tip, longship}

Take the L

Stands for "Take the loss". Frequently used to describe flunking a test, being dumped, being stood up, being beaten up or robbed, or losing one's money in the stock market, gambling, or through exploitative business schemes.

I really took the L on that history exam.

by cazort August 25, 2003

[Not Ruth]

1. Did Kushner own a tech fund?

Because that is how many people invest in Facebook and Twitter

[brush]

2. He's not that smart. He bought a newspaper. It's no secret that that industry is cratering, he also.

bought 666 Fifth Avenue, a building operating at a loss, with 30% vacancy and a $1.2 billion mortgage payment due in February. The building also lost $14.5 million in 2016, and is projected to lose another $24 million, according to Bloomberg data.

Investor partners, not to mention prospective tenants are shying away from the building.

Wonder if that has anything to do with the address?

[Not Ruth]

4. All of these Paradise Papers leaks are going to have a positive effect on real estate imho

Right now, these scumbags are pulling out their cash from foreign banks before they get outed. They are going put it somewhere, and it just might be real estate if they want to stay away from banks.

[brush]

5. They'd better hurry if they're going to help Kushner, a billion + is due in January on 666 5th.

[Not Ruth]

8. Can you describe the $billion+ due in January

I believe that is the net worth of the property. Are you saying that he took out a mortgage on the entire property payable in one payment?

Granted these millennial mortgages are new to me.

https://www.democraticunderground.com/?com=view_post&forum=1002&pid=9790908

[brush]

9. It's a mortgage payment, actually due in Feb. not Jan. The info below is from Bloomberg

666 Fifth Avenue, a building operating at a loss, with 30% vacancy and a $1.2 billion mortgage payment due in February. The building also lost $14.5 million in 2016, and is projected to lose another $24 million, according to Bloomberg data.

His finances are a wreck.

[samnsara]

6. wasnt there a horror series on tv about that address?? few yrs back?

[Kleveland]

7. Believe it or not...

We had a church in Mayfield Heights, here in Ohio, that actually had the address "666" on the street where they are located.

I had to laugh, because they actually had it changed!

FWIIW

Typical witchy poo nonsense, it is just a number folks.

[longship]

3. It's "Taking the loss."

(To save DUers from having to click through.)