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  #1721  
Old 09-11-2017, 05:03 PM
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So. I wonder what Agent Mueller has been up to during Irmageddon? *grin*
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  #1722  
Old 09-11-2017, 05:43 PM
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Delta Flight Delta Flight is offline
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Talking

Quote:
Originally Posted by CarlV View Post
It was 2006—the height of the real-estate market boom—when Kushner Cos. agreed to buy 666 Fifth Avenue for $1.8 billion, then a record for a Manhattan building. All of it was borrowed except for $50 million. The company still holds half of a $1.2 billion mortgage, on which it hasn’t paid a cent. The full amount is due in February 2019.

The strain has become increasingly evident across their holdings. One person familiar with the company’s finances describes the tower, with its low ceilings and outdated floor plan, as the Jenga puzzle piece that could set the empire teetering.

The family’s idea of how to salvage its investment requires razing the building to the ground and constructing an 80-story tower with greatly expanded retail areas and high-end condominiums. No short- or medium-term return can be expected from such an aggressive approach. Even a return over the long run would be speculative, though Morali describes the plan as “ambitious and creative.” That narrows the pool of investors to those interested in something other than profit. Real estate experts say this almost certainly precludes U.S. companies. More likely: a foreign firm looking to get capital out of its country or seeking a trophy Manhattan property.

Before Trump began his rise to the presidency and the 36-year-old Kushner became his senior adviser, 666 Fifth Avenue struggled to attract serious offers. Meetings the Kushners requested were often rejected. After Trump’s nomination, billions of dollars in Asian and Middle Eastern money came under discussion. Two potential deals that made it to advanced stages, with China’sAnbang Insurance Group and a top Qatari sheikh, fell apart.
Jared Kushner sitting with other senior White House Staff
Photographer: Andrew Harrer / Bloomberg

The new status meant the Kushners’ calls were more readily answered—but they came with additional scrutiny, not only of the Kushners but also of the investors. Since January, the company has ceased entering into business relationships with sovereign entities, Morali said. Federal investigators want to know if the Fifth Avenue building’s finances came up in a post-election meeting Kushner had with the head of Russia’s state-controlled development bank.

The Kushners have reason to look far afield. Even after selling big sections of 666 Fifth in 2011, they have increased their own vulnerability by borrowing more money for other deals, people close to the company say. After a refinancing, the deed to 666 Fifth sits in an escrow account, ready to be seized by lenders in a default, an action indicating their trust has grown thin. The mortgage will become even more of a burden after a scheduled jump in interest rates in December. Under some dire circumstances, guarantees in the refinancing agreement could even give lenders the ability to go after the family’s other assets—many of which are also underpinned by debt.


Lots more
Let the Kushners figure it out or go under!
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  #1723  
Old 09-11-2017, 06:46 PM
MrPots MrPots is offline
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What will happen is a real estate collapse that will drain every 401K account in the country but not affect the 1% very much.
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It occurs to me that republicans seem to view black, Mexican, LGBT, Muslims and poor people in the same light as Nazi Germans once viewed Jewish people. We must be vigilant that it goes no further.
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  #1724  
Old 09-24-2017, 03:22 PM
Chicks Chicks is offline
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Support for the party of old white male privilege falls to an all time low. Demographics will kill it off eventually, but they'll go down fighting. Privilege is hard to let go of...

http://www.cnn.com/2017/09/24/politi...val/index.html
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  #1725  
Old 09-24-2017, 03:35 PM
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Quote:
Originally Posted by Chicks View Post
Support for the party of old white male privilege falls to an all time low. Demographics will kill it off eventually, but they'll go down fighting. Privilege is hard to let go of...

http://www.cnn.com/2017/09/24/politi...val/index.html
Who knew that being associated with Trump, the KKK and Nazis would send your approval rates lower than whale shit? Wait until Trump loses the war on the NFL and the NBA (America's true religion).
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  #1726  
Old 09-26-2017, 09:49 PM
Chicks Chicks is offline
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This is who the Repubes in 'bama think is most qualified to represent them in the US Senate. What a vile, repulsive, disgusting old fool!

http://www.huffingtonpost.com/entry/...b06ddf45f6d5a9
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  #1727  
Old 09-26-2017, 10:12 PM
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Quote:
Originally Posted by Chicks View Post
This is who the Repubes in 'bama think is most qualified to represent them in the US Senate. What a vile, repulsive, disgusting old fool!

http://www.huffingtonpost.com/entry/...b06ddf45f6d5a9
He's so repulsively controversial the Democrat candidate Doug Jones may have a chance.
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  #1728  
Old 09-26-2017, 10:38 PM
Chicks Chicks is offline
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RSC chair calls female colleagues 'eye candy' during remarks.

http://www.cnn.com/2017/09/26/politi...rks/index.html

Sigh. Who the hell votes for these Neanderthals?
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  #1729  
Old 09-27-2017, 09:57 AM
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Often what people chose to say as a 'joke' is very revealing.
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  #1730  
Old 09-27-2017, 10:12 AM
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For Roy Moore, the 2nd amendment has more significance than the 1st considering his horse and gun routine after the run-off election. But then in a Theocracy, there is no room for discussions.
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