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Watchdog raises possible Kushner link to $700M rescue loan

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  • Watchdog raises possible Kushner link to $700M rescue loan

    https://apnews.com/article/donald-tr...ab30ac74767318

    A congressional monitor of federal pandemic aid is raising the possibility of a link between President Donald Trump’s son-in-law, Jared Kushner, and a $700 million relief loan to a struggling trucking company.

    Bharat Ramamurti, a Democratic member of the four-person Congressional Oversight Commission, raised the possible Kushner connection at a hearing Thursday, as panel members from both parties challenged the Treasury Department’s decision to award the loan to YRC Worldwide....

    YRC received a separate $600 million loan last year from Apollo Global Management and several other lenders that was arranged by Apollo, a big private equity firm that is YRC’s biggest creditor, according to the oversight panel. Apollo co-founder Joshua Harris advised the Trump administration on infrastructure policy in early 2017 and met with Kushner, who is an adviser to the president. Later that year Apollo lent $184 million to Kushner’s family real estate company to help refinance its mortgage on a Chicago building, according to a New York Times report cited by Ramamurti.
    The NYT has a little more detail but it might be behind a paywall unless you clear out their cookies.
    https://www.nytimes.com/2020/08/03/u...ief-funds.html

  • #2
    Re: Watchdog raises possible Kushner link to $700M rescue loan

    Originally posted by RedRollingRoadblock View Post
    https://apnews.com/article/donald-tr...ab30ac74767318



    The NYT has a little more detail but it might be behind a paywall unless you clear out their cookies.
    https://www.nytimes.com/2020/08/03/u...ief-funds.html
    To the fact that Kushner borrowed money from the same company that YRC borrowed from doesn't really connect the dots .. That would be linking a bank to all it customers as being family.. As far as YRC getting the loan?? It was mentioned by Mnuchin that the loan saved tens of thousands of TEAMSTER jobs.. And that I believe was a good thing.. The MSM is continuing with trying to make the Trump administration look bad as they have done for the last four years..

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    • #3
      Re: Watchdog raises possible Kushner link to $700M rescue loan

      as panel members from both parties challenged the Treasury Department’s decision to award the loan to YRC Worldwide....
      I'm all in favor of any government help to the Teamsters. I kind of connecting the dots differently. Since it is a bi-partisan committee and if the MSM report is accurate I don't see how they are trying to make the administration look bad. I think it is important that we have oversite as to where the pandemic aid goes.

      Just for kicks lets go back to the 911 relief aid. I'm sure Wizard remembers his APA coworker Bubba who tried to scam the relief fund by claiming his truck was destroyed way down in the WTC loading docks. He forged medical treatment receipts when he filed his claim. The proper oversite caught up with him and he went to prison.

      It probably doesn't matter anyway because if Jarod did anything wrong he'll probably be pre pardoned anyway.

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      • #4
        Re: Watchdog raises possible Kushner link to $700M rescue loan

        Originally posted by 2631 View Post
        I'm all in favor of any government help to the Teamsters. I kind of connecting the dots differently. Since it is a bi-partisan committee and if the MSM report is accurate I don't see how they are trying to make the administration look bad. I think it is important that we have oversite as to where the pandemic aid goes.

        Just for kicks lets go back to the 911 relief aid. I'm sure Wizard remembers his APA coworker Bubba who tried to scam the relief fund by claiming his truck was destroyed way down in the WTC loading docks. He forged medical treatment receipts when he filed his claim. The proper oversite caught up with him and he went to prison.

        It probably doesn't matter anyway because if Jarod did anything wrong he'll probably be pre pardoned anyway.
        I remember it well 2631...Bubba came close,but no cigar,and he paid a heavy price for his deception...I got to know Bubba pretty well,he was one of the few guys,along with myself,that worked out in the 'Rec Center' before work...Really nice perk,gym,weight room,pool,steam room,sauna,showers,place was immaculate and first class...

        Bubba was knowledgeable, intelligent, outspoken and a smart ass,my kind of guy...LoL...A lot of the men at APA didn't like Bubba because of his demeanor and attitude,I liked him,always spoke his mind and was a straight shooter,but as so many people tend to do,he lived life beyond his means,and he saw 911 as a way to cash in...His deception was meticulous, intricate,detailed,thought out thoroughly, and well played...But once again,as so many people tend to do,he got 'greedy'...He put in for an exorbitant amount of money...Red Flags immediately went up,and the rest is history...

        The thing of it is,APA did have a truck making a delivery at the WTC at the time of the attack...The driver made it out and managed to make it across the river to Hoboken, full of dust and ash,but that driver 'was not' Bubba,as he claimed it to be....Just to show you what kind of job APA was,the driver who made it across the river was instructed to meet up with another driver in Hoboken,and keep making deliveries....

        Last time I seen Bubba was a few years ago when he was driving for Duie Pyle,haven't seen or heard from him since... He was no worse for the wear,sounded good,looked good,no mention whatsoever of his ordeal...Talked about old times at APA and who we still keep in touch with...You make decisions in life and live with the consequences...Bubba knows that as well as anyone...

        Comment


        • #5
          Re: Watchdog raises possible Kushner link to $700M rescue loan

          Wizard staying off topic I remember the good old days in North Bergen of the competition between Red Star and APA. You may remember this. They use to rush us out the gate on 91st street to beat you guys up onto Tonnelle Ave. They did that with supervisors wearing white gloves waving us past the security guards who were trying to log out the trucks. It all stopped the day they waved out an unknown driver pulling a trailer load of Seagram's VO.

          The same guy tried it a second time but Red Star security got smart. Unbeknown to the inside man they took the glad hands off the trailer. When he tried to hook up 2 switchers pinned him in the tractor. It turned out the head dispatcher was deep into the bookies. So he was feeding the mob with the trailer numbers of the liquor loads.

          He told the switchers it was okay and the dispatcher had given him the load. They escorted him to the head dispatch office and called the police. By the time they got there both the unknown driver and dispatcher had disappeared. A couple of days later that dispatcher was found dead in Brooklyn with a bullet in his head. The mob ties up loose ends.

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