Kushner Family's Times Square Property Moves Toward Foreclosure

[Nevilledog]

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Tweet text:
Vicky Ward
@VickyPJWard
“Legal counsel has been engaged and foreclosure actions have been filed,” says Wells Fargo & Co. about the Times Square retail property owned by Kushner Cos.

Kushner Family’s Times Square Property Moves Toward Foreclosure
A Times Square retail property owned by Kushner Cos., the family company of former presidential adviser Jared Kushner, is a step closer to foreclosure, according to loan documents.
bloomberg.com
4:47 PM · Feb 23, 2021

https://www.bloomberg.com/news/articles/2021-02-23/kushner-family-s-times-square-property-moves-toward-foreclosure

[Hugh_Lebowski]

1. Seems they don't actually 'own' the property then (nt)

[hlthe2b]

2. I used to think celebrating others' misfortune--even those who "deserve" it, to be inappopriate...

Used to think... but now, I acknowledge exceptions.

[live love laugh]

25. I would join in but I remember how much $$$ they grifted the past 4 years to cushion the blow.

For them, this is probably just a glitch.

[jpak]

3. Boo Fucking Hoo

No sympathy

Nope

[Fullduplexxx]

4. And now they cant use the military to force another country to bail him out

[Blue Owl]

5. Time for "Jared" to start failing downwards... very rapidly...

[catbyte]

6. I guess Young Jared didn't have time to con a country into bailing out that

property like he conned Qatar into bailing out 666 Fifth Avenue.

[SMC22307]

7. The Qataris aren't going to bail them out? Huh. (n/t)

[ornotna]

8. Oh dear, what to say

[FakeNoose]

9. Fool probably thinks he's going to inherit something

Both his dad and his father-in-law will die broke and leave him nothing.

[Takket]

10. like any of us... i assume going through a foreclosure will absolutely destroy their credit

[SergeStorms]

13. Yeah, right.

There are two sets of rules in finance; the set of rules which favor the wealthy, and the set of rules which punishes the poor. You already know which set of rules Kushner plays under.

[Deuxcents]

17. Yep

His accountant will find a way to benefit from this. Don’t think it’s a bad thing for him or his company.

[Lasher]

22. Remember the bankruptcy reform bill that Congress passed a few years ago?

Those "reforms" applied to individuals but not to corporations. As a result, his accountant won't have to look very hard to find a benefit for Kushner. But if you hope to find some relief by filing personal bankruptcy, I wish you luck. This is classic Reagan neoliberalism.

[SergeStorms]

26. The bankruptcy laws written by...

the credit card companies. Yes, I remember them quite well.

[sarcasmo]

11. Schadenfreude!

There will be many more headlines like this one
Trump building moves toward foreclosure.

[smirkymonkey]

12. Womp womp.

[barbtries]

14. guess he's following his FIL's model.

i sincerely hope that it doesn't work out as well for him. all the trumps should experience poverty in their lifetimes, except Mary.

[yaesu]

15. maybe he has a few state secrets tucked away to sell to putin. nt

[magicarpet]

16. Sad,... (happy),....

[Oldem]

18. He's a loser in a loser family.

[lindysalsagal]

19. Thoughts and

Oh, nevermind.

[Demnation]

20. Well, it's a start.

[SayItLoud]

21. He'll be calling MBS/Saudis with some secret intel to share. NT

[RANDYWILDMAN]

23. I don't root for bad things to happen

but he and his family are as crooked as the Trumps, they get what they deserve

[sandensea]

24. Which begs the question: What became of the millions Jar-jar shook down from Qatar and others?

Oh - that's right:

https://www.democraticunderground.com/100214745189