Companies that met with Jared Kushner at the White House gave hundreds of millions of dollars to the Kushner family business, The New York Times reported on Wednesday.
According to the Times, multiple companies loaned a combined total of $509 million after having met with Donald Trump’s son-in-law at the White House.
More from the Times:
Joshua Harris, a founder of Apollo Global Management, was advising Trump administration officials on infrastructure policy. During that period, he met on multiple occasions with Jared Kushner, President Trump’s son-in-law and senior adviser, said three people familiar with the meetings. Among other things, the two men discussed a possible White House job for Mr. Harris.
The job never materialized, but in November, Apollo lent $184 million to Mr. Kushner’s family real estate firm, Kushner Companies. The loan was to refinance the mortgage on a Chicago skyscraper.
An even larger loan came from Citigroup, which lent the firm and one of its partners $325 million to help finance a group of office buildings in Brooklyn.
That loan was made in the spring of 2017, shortly after Mr. Kushner met in the White House with Citigroup’s chief executive, Michael L. Corbat, according to people briefed on the meeting. The two men talked about financial and trade policy and did not discuss Mr. Kushner’s family business, one person said.
Chris Hayes erupted after the story broke, pointing out that the unusually large loans came at a time when Kushner’s business was “cash-strapped and desperately seeking creditors.” He suggested that these creditors could have been buying influence.
— Sean Colarossi (@SeanColarossi) March 1, 2018
Hayes dismantled Kushner’s conduct:
Here’s what we’ve got. We’ve got the son-in-law of the President of the United States, wholly unqualified in any tangible sense for any of his portfolio, who is incapable of passing an FBI background check, according to reporting, whose family empire is desperately cash-starved and desperately looking for creditors around the world, freelancing meetings with interested parties domestically and foreign who are possibly looking to extract leverage out of loans to him. … That’s a bad scene.
As Hayes noted, the concerns become whether these companies were seeking influence over government policy by loaning Kushner’s companies hundreds of millions of dollars. The fact that the loans came after meetings at the White House underscores those concerns.
The report comes after Kushner is already under investigation and under fire. Just yesterday, the Trump son-in-law lost access to top-secret intelligence – and rightly so. As Hayes noted, this is a man “wholly unqualified” to be in his current role, much less have access to high-sensitive information.
White House Communications Director Hope Hicks surprised the political world on Wednesday by resigning. Jared Kushner should do the same.