Yours Truly has repeatedly stated that Dems need to make TrumpSwamp/Corruption a key campaign issue in midterms 2018 and even beyond that in the 2020 presidential election year. One year into the Trump Presidency, Americans are already shocked at the levels of brazen corruption they are witnessing with seemingly no push back from Congress.
Just last week it was reported that while Trump was negotiating a trade deal with China, the Chinese government awarded trademarks to his daughter and Senior Adviser Ivanka Trump. In any other previous administration such a flagrant conflict of interest would be a major scandal but as we’ve become accustomed to with the Trump Administration, ethical/corruption issues are no problem.
Now thanks to a bombshell USA Today piece, we find out that in late 2014-early 2015 President Trump's son in law Jared Kushner led a joint venture that invested $72.5 Million in three Brooklyn New York contaminated pieces of land.
Why is this newsworthy? First, Kushner purchased this contaminated Brooklyn piece of land at a price way more than its market value. Second, and more importantly, Kushner miraculously secured a $40 million morgage loan for this clearly high risk venture from Signature Bank. Sitting on Signature Bank's Board of Governors was none other than Ivanka Trump, his wife and now workmate at the White House.
According to the USA Today article, it was Ivanka's job to analyze/screen Signature Bank's risky loans which means she would have had to approve the super risky mortgage loan awarded to Kushner.
In response to questions by the media, Signature Bank says Ivanka was not involved in the decision to award a mortgage loan to Kushner adding that during discussions about the morgage she(Ivanka) "walked out of the meeting." Signature Bank is currently under investigation by New York banking regulators so rather than speculate on Ivanka's role in the mortgage decision, Yours Truly will wait for the outcome of the said investigation.
So you ask, @Emolclause how is this TrumpSwamp when the deal took place in 2014-2015 long before Trump became President and Kushner and Ivanka began working at the White House. Well, you'll be shocked to learn that in April 2018 with Kushner(and Ivanka) in the White House this contaminated high risk piece of land which was bought at an inflated $72.5 million was sold for $115 million, a cool $42.5 million profit, with the land still contaminated. Hmmm--a risky $40 millon morgage from Ivanka's Signature Bank netted a $42.5 profit. A little too convenient?
The USA Today article also points out that that the highly inflated $72.5 million used to purchase the contaminated Brooklyn land was paid to a company owned by New York developer Herbert Chaves, who then used the money to purchase apartments from Trump attorney Michael Cohen. Specifically, Chaves paid $32 million for four apartments Cohen had bought less than three years earlier for $11 million--very shady indeed.
Bottom line folks, Michael Cohen is currently under investigation by New York state authorities. This USA Today piece shows that his shady business deals have been tied to the Trump family, in this case Ivanka and Kushner who currently work in the White House. All the media focus on the Cohen investigation has surrounded his ties to President Trump. Maybe its time the Mainstream Media dug deeper into Cohen's dealings with Kushner, Ivanka and the Trump sons
For those of you very happy with@Emolclause’s activism don’t shy away from the “tip jar” below on your way out