Charles Kushner On 666 Fifth Avenue: ‘I Pushed Jared To Do The Deal’

NEW YORK, NY - MARCH 6: A Kushner Companies logo is visible near an entrance to the Kushner Companies' flagship property 666 Fifth Avenue in Midtown Manhattan, March 6, 2018 in New York City. Kushner Companies, run b... NEW YORK, NY - MARCH 6: A Kushner Companies logo is visible near an entrance to the Kushner Companies' flagship property 666 Fifth Avenue in Midtown Manhattan, March 6, 2018 in New York City. Kushner Companies, run by the family of White House senior adviser Jared Kushner, has been trying to raise funds for their $1.2 billion dollar mortgage on the building that is due in February 2019. The Kushners bought the property for $1.8 billion in 2006. Many real estate analysts say that they Kushners vastly overpaid for the property. (Photo by Drew Angerer/Getty Images) MORE LESS
Start your day with TPM.
Sign up for the Morning Memo newsletter

Charles Kushner, White House senior adviser Jared Kushner’s father, is trying to take the fall for the family’s calamitous investment in 666 Fifth Avenue to shift blame from his son, according to a CNN report Tuesday morning.

“I pushed Jared to do the deal,” Charles Kushner told CNN, adding that the deal was “bad timing and bad judgment.”

Kushner Companies paid $1.8 billion in 2007 for the skyscraper, a bet that backfired when a crashing market left the property saddled with $1.2 billion in debt. Attempts to recruit foreign investors to salvage the purchase have come back to haunt Jared Kushner, when stories of his meetings linked to the Chinese government leaked while he was working as a foreign affairs liaison on his father-in-law’s transition team.

In the interview with CNN, Charles Kushner alluded to a deal in the works currently to recruit above-the-board investors and mitigate the financial burdens. His attempt to take the blame for his son points to the criticism surrounding the younger Kushner over what some see as a failure to properly divest from his business interests while working in a senior capacity in the Trump administration.

Latest Livewire

Notable Replies

  1. Isn’t that sweet? Daddy is just trying to save his little boy. Are all the male children in Spanky’s circle Peter Pans?

  2. And I suppose Daddy paid for the hooker that Ivanka found Jared in bed with? :slight_smile:

  3. Kushner added, “We also expect to get flying ponies along with above-the-board investors who would work with us, because, let’s face it, we only need to win a dozen or two MegaMillion™ drawings to clear out our debt at The Number of the Beast.”

  4. I heard Jake Gyllenhaal pushed him to marry Ivanka, so I guess he’s off the hook for that, too.

  5. “YOU get an indictment! And YOU get an indictment! And YOU get one! And YOU! And YOU! and YOUUUUUU!”

Continue the discussion at forums.talkingpointsmemo.com

24 more replies

Participants

Avatar for system1 Avatar for dr_coyote Avatar for ghost Avatar for mondfledermaus Avatar for sysprog Avatar for mattinpa Avatar for steviedee111 Avatar for Lacuna-Synecdoche Avatar for sanni Avatar for ignoreland Avatar for greylady Avatar for dickweed Avatar for benthere Avatar for dommyluc Avatar for lizzymom Avatar for rhs1963 Avatar for centralasiaexpat Avatar for dannysgrandma Avatar for jwbuho Avatar for favoritecurmudgeon

Continue Discussion
Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Deputy Editor:
Editor at Large:
General Counsel:
Publisher:
Head of Product:
Director of Technology:
Associate Publisher:
Front End Developer:
Senior Designer: