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N Jay's avatar

This is maddening yet not at all surprising. People like Kushner and Trump don't know how to create wealth, only how to extract it. Then, when they screw up their (parent's) money, they let shady people who expect something in return swoop in and save the day. Nothing to see here!! Just a couple billion dollars...

I was almost a teenager when Trump's Art of the Deal book came out. My grandfather was at his table on the back patio, chain smoking cigarettes in silence as my dad gushed about the book. As calm as he looked, his right eye was starting to twitch, a clear sign his stress levels were off the chart.

After my dad left, my grandpa fumed about Trump. A former CEO himself, he thought Trump was the worst kind of business man -- a corrupt and dishonest one who lacked integrity and operated from a place of extreme self-interest and greed. He feared what we would become as a people if that became the day's model for business. He envisioned con artists and scamsters flourishing in a Trump-styled world, and honest people driven to obscurity. He said that model of business is unsustainable and would destroy America as we know it. That was over 30 years ago...

My grandpa died in the late 90's. He would've been horrified to see how life has unfolded over the last 6 years. This is exactly what he feared -- power falling into truly corrupt hands.

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Jeff T's avatar

Despite his soft, waxen appearance, Kushner has emerged as one of the most craven, amoral players in global politics. 1.25% mgmt fees for this fund is a ridiculous amount, which he'll leverage for who knows what. Quite probably Jared will become a future kingmaker of the GOP a la the Mercers and Koch's, who are ageing and appear to be losing their touch. This may be payback by MBS, but he is likely seeing this as a long term investment in US political influence for many years to come.

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