The Widdershins

Archive for May 9th, 2017

The caption reads: History Repeats Itself – The Robber Barons Of the Middle Ages And The Robber Barons of Today

And there is a bigger copy of the image here

** so said Gordon Gekko in Wall Street

 

Good Tuesday Widdershins!

So have you ever heard that phrase or one similar that goes something like “I know a friend of a friend of…the police chief, the Mayor…” or someone else that implies the person knows the high muckety-mucks and that relationship can help…you.  That’s a pretty good description of an event that was held at the Ritz Carlton in Beijing this past weekend. The event was sponsored by the Kushner crime uh family.

The shindig was an “investment opportunity” for wealthy Chinese citizens to plunk a cool half million dollars into a Kushner luxury apartment complex in Jersey.  And it has the additional sweetener that by plunking down said $500k you can also apply for what’s known as an investor visa.   That program is called the EB-5 Immigrant Investor Process.  I might refer to it as “grease the skids on getting entrance to the U.S.”.

And of course it was all on the up and up.  Of course.  And we know it was on the up and up because it included Nicole Kushner Meyer, Jared’s sister.  And of course she was introduced just that way, as Jared’s sister.  And these people knew exactly who Jared Kushner is; the son-in-law of the President of the United States.

The tagline on a brochure for the event: “Invest $500,000 and immigrate to the United States.”

Over several hours of slide shows and presentations, representatives from the Kushner family business urged Chinese citizens gathered at a Ritz-Carlton hotel to consider investing hundreds of thousands of dollars in a New Jersey luxury apartment complex that would help them secure what’s known as an investor visa.

The potential investors were advised to invest sooner rather than later in case visa rules change under the Trump administration. “Invest early, and you will invest under the old rules,” one speaker said.  [me – I wonder if they ran that line past Col. Cornpone and Steve Bannon?  Those two might now want any of these yellow people getting into ‘Merica.]

Gawd, do these people, any of them, have any shame or is it all about the almighty dollar, regardless of what it looks like.

The event underscores the extent to which Kushner’s private business interests have the potential to collide with his powerful role as a top official in his father-in-law’s White House, particularly when it comes to China, where Kushner has become a crucial diplomatic channel between Beijing and the new administration.

While Kushner has reported divesting from elements of the family business, including the specific project that his sister pitched in Beijing, the session Saturday demonstrated that the company is perceived as enjoying close ties to the Trump administration. Ethics laws prohibit government officials from profiting personally from their public-sector work.

Divest, my backside.  The family will be holding Jared’s share for after he leaves government, ya know…after the impeachment.

Still, it’s the image of what this implies.

Watchdogs and ethics experts on Saturday criticized the Beijing event as an attempt to cash in on Kushner’s newfound proximity to power.

“It’s incredibly stupid and highly inappropriate,” said Richard Painter, the former chief White House ethics lawyer in President George W. Bush’s administration, who has become a vocal critic of the Trump administration. “They clearly imply that the Kushners are going to make sure you get your visa. . . . They’re [Chinese applicants] not going to take a chance. Of course they’re going to want to invest.”

And this particular type of visa has become very popular with the Chinese, especially as a way to get their money out of China.

Also, it has become a source of getting dubious investment dollars without really following through on what it was designed for.

The program was launched with the goal of securing investment and creating jobs. But instead, in recent years, many real estate developers have used the program as a source of cheap financing by using foreign investors, especially from China, for flashy projects in Manhattan and other city centers.

A Government Accountability Office report in 2015 found the EB-5 program carried a high risk of fraud, was rife with counterfeit documentation and had “no reliable method to verify the source of the funds of petitioners.”

In other words, a way to finance Trump and Kushner investments and real estate.

 

There’s much more at the link, so check it out when you can.

Lastly, real life issues came up with Prolix so I took today’s post.  I apologize for such an un-Prolix type of post.  It will make us appreciate all the more, the real deal when he has time to post again.  Of course this is an open thread.

 

 


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Our 2016 Ticket!

Our girl is gonna shine

Busted: Glass ceiling

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She’s thinking “Less than 2 weeks I have to keep seeing that face”

Yeah I can make it

The team we’re on

Women’s March on Washington!

Right-click the pic for more info

Kellyanne Conway’s new job

So similar

Take the kids to work? NO!

3 turds control fate of healthcare for millions

That moment when *your* pussy gets grabbed