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The Poster Child For Nepotism Addresses the $2 Billion Given By Saudis

Discussion in 'BBS Hangout: Debate & Discussion' started by adoo, Feb 14, 2024.

  1. adoo

    adoo Member

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    Trump's son-in-law, Jared Kushner,
    Addresses the $2 Billion Given By Saudis


    Since leaving Trump's white house, Jared Kushner started an investment fund, even tho he, not trained in Finace nor Economics, had no experience of running such a fund.
    But, it has been reported that his new fund receeived $2 Billion from the Public Investment Fund (PIF) , the sovereign wealth fund of Saudi Arabia.

    Axios Business Editor Dan Primack pressed Kushner on his decision to seek Saudi funding for his firm. "You leave public service, you spend all this time particularly with Saudi Arabia,
    working with them, you leave, a couple months later, six months later, you get $2 billion," he said. "From an optics perspective, or even an ethics perspective, were you at the time
    concerned about taking money from PIF, and if you could do it again, would you have done it at all differently?"

    Kushner denied that there was any conflict of interest in the business deal with PIF and dismissed ethical concerns around accepting funds from the Saudi crown prince,
    calling the country "one of the most prestigious investors in the world."
     
    #1 adoo, Feb 14, 2024
  2. ROCKSS

    ROCKSS Contributing Member

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    Imagine the tables are turned and replace Hunter with Jared and OMG the maga crowd would go INSANE in the membrane


    [​IMG]
     
    #2 ROCKSS, Feb 14, 2024
    Ottomaton and Buck Turgidson like this.
  3. Buck Turgidson

    Buck Turgidson Member

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    Now I want to hear that song again, for the first time in a long time
     
    #3 Buck Turgidson, Feb 14, 2024
    ROCKSS and Ottomaton like this.
  4. Xopher

    Xopher Member
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    https://www.nytimes.com/2022/04/10/us/jared-kushner-saudi-investment-fund.html

    "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.
     
    #4 Xopher, Feb 14, 2024
  5. Rocket River

    Rocket River Member

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    MONEY - He is truly a Trump at heart

    Anything can be bought . .. . . even his soul . . . if he ever had one

    This is the same country that murdered that journalist right?
    Had ties to 9/11 (more ties than Iraq ever did)

    Rocket River
     
    #5 Rocket River, Feb 14, 2024
    ROCKSS likes this.
  6. Xerobull

    Xerobull You son of a b!tch! I'm in!

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    #6 Xerobull, Feb 14, 2024
    ROCKSS, AroundTheWorld and Buck Turgidson like this.
  7. Invisible Fan

    Invisible Fan Contributing Member

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    They'll forgive the vampire looking fiend because they want to high and lowkey bang his wife.
     
    #7 Invisible Fan, Feb 14, 2024
    ROCKSS likes this.
  8. AroundTheWorld

    AroundTheWorld Insufferable 98er
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    They have barely given me 2 million. 2 billion? I wish.
     
    #8 AroundTheWorld, Feb 14, 2024
    Xerobull likes this.
  9. Buck Turgidson

    Buck Turgidson Member

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    Nice. It's obvious where you're at. :)
     
    #9 Buck Turgidson, Feb 14, 2024
  10. AroundTheWorld

    AroundTheWorld Insufferable 98er
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    In poverty?
     
    #10 AroundTheWorld, Feb 14, 2024
  11. Buck Turgidson

    Buck Turgidson Member

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    Lol, sure buddy.
     
    #11 Buck Turgidson, Feb 14, 2024
  12. Xerobull

    Xerobull You son of a b!tch! I'm in!

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    You know, being in Houston and seeing the money the Saudis have here and how 2m is change in the couch for them, I feel like I'm somehow missing out on some really easy deals.
     
    #12 Xerobull, Feb 15, 2024
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