Friday, October 2, 2020

CRIME FAMILIES - THE CASE AGAINST TRUMP AND JARED KUSHNER - Still on the lam!

 

By Katherine Sullivan | October 2nd, 2020

Welcome to Trump, Inc., a collaboration between WNYC and ProPublica where we look at who is profiting from the Trump administration and at what cost.

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Here we go...

Our Questions About the Kushner Companies’ Massive, Risky, Federally Backed Loans

White House senior adviser Jared Kushner attends a meeting in Beijing. (Thomas Peter/Pool Photo via AP, File)

If you’re looking to buy a home, most people go to their bank. But if you’re looking to buy $800 million worth of homes, where do you go? Freddie Mac. Backstopped by the government, Freddie Mac is a clearinghouse of sorts for mortgages. It also played a key role in the 2008 financial crisis, and as a result, it has been under government supervision ever since.

In 2019, Freddie granted an unusually large loan, with unusually good terms, to Kushner Companies, which has close ties to the White House. At the center of this deal is a meeting where Nicole Kushner Meyer, sister to the president’s son-in-law and top White House adviser Jared Kushner, met with Freddie Mac officials. 

We don’t know what was said in the meeting. But Meyer has a track record of attempting to use her brother’s name in business settings. We also know that if Kushner Companies defaults on this loan, American taxpayers will foot the majority of the bill. 

Of course, if Kushner had fully divested from his family company, this would be less of an ethical conundrum. This is the story of a deal, and a meeting, and what happens when family business and government collide. Listen to the episode in your podcasting app. 

It Happened: The President’s Tax Returns

Here at Trump, Inc., we’ve spent much of the past week reading and rereading and talking about The New York Times’ bombshell on President Donald Trump’s taxes. His tax documents, obtained by the Times, fill in the gaps on reporting we’ve been doing for the past three years. 

We put together an episode with some of our takeaways. You can listen here
 

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