The identity of Kushner’s white knight is a mystery

You know how it’s been a theme of the coverage on Prince Jared that there’s this nagging $1.2 billion payment on 666 Fifth Avenue coming due and the Kushners have been sweating bullets trying to come up with the $$$? And how that is of course a massive red flag for corruption or worse? Well, Judd Legum at Think Progress reports that someone has come up with the $$$ and we don’t know who or how. People on Twitter suggest it’s MSB in payment for the secret intel that Jared gave him that prompted him to imprison more than 200 members of the House of Saud.

Upon entering the White House, Jared Kushner divested the property only in the most technical sense. He “sold” the assets to his brother and a trust controlled by his mother. A lawyer described the transaction to the New York Times as a “shell game.”

Now, with Kushner ensconced as a senior adviser in the White House, someone has emerged to bail him and his family out of this mess. The identity of Kushner’s white knight is a mystery.

Whoever it is certainly is generous.

In a filing with the SEC on Friday, Vornado revealed the existence of an extraordinary “handshake” agreement that would not only refinance the $1.2 billion but allow the Kushners to buy out Vornado’s portion of the debt. This means the Kushners would once again own the entire office tower and Vornado would own only the retail space.

The key question, however, is who would lend $1.2 billion to the Kushners to refinance an aging office tower with high vacancy rates? As of now, neither the Kushners nor Vornado is revealing who is facilitating the deal.

The existence of the deal, however, raise troubling questions about the whether it is based on the economic potential of the property or an effort to gain access and influence in the Trump White House.

Especially since, as Legum explained, the economic potential of the property appears to be all in a downward direction – the building is in decline and can’t command high rents, aka it’s under water. Genius Kushner paid way more than it’s worth so he’s in one of them there negative equity situations. Why anyone else would want to participate that is a mystery, which hints at sinister reasons. By “hints at” I mean “points to with loud blaring horn sounds.”

The New Yorker reported that Kushner’s father and sister met with Qatar’s finance minister, Ali Sharif al-Emadi, in New York last April. They pitched a $1 billion investment to renovate the struggling tower. The Qataris rejected the pitch because they did not believe they’d ever be able to recover their investment. Soon thereafter, the Trump administration supported an economic blockade of the country by Saudi Arabia.

It’s so fussy of people to reject a deal just because they think it would be a loss. Serves them right to be punished by dear dear Saudi Arabia.

“Here’s a question for you: If they had given Kushner the money, would there have been a blockade? I don’t think so,” a financial analyst opined to the New Yorker. NBC News reported that “Qatari government officials visiting the U.S. in late January and early February considered turning over to Mueller what they believe is evidence of efforts by their country’s Persian Gulf neighbors in coordination with Kushner to hurt their country.”

When NBC knows that you can bet Mueller’s investigators know that and more. Lots more.

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