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Kushner Is In a Financial Hole And His Need For Quick Cash Will Bring Down WH: Trump Biographer

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Responding to a report that Jared Kushner’s purchase of a New York skyscraper has put his family in a financial hole, author Tim O’Brien, who is the biographer for President Donald Trump, said that the president’s son-in-law could be the key to bringing down the administration because he has used his connections to Trump to save his family from “financial disaster.”

O’Brien’s remarks came during an interview on MSNBC’s AM Joy. The author was asked if Kushner’s need for quick cash has put the White House in jeopardy.

“Donald Trump had put a lot of trust in Jared Kushner, and he has been globetrotting around the world,” Joy host Reid began. “He met with the former prime minister of Qatar and that didn’t work out, that fell off the list. Do you get the sense that Donald Trump is allowing Jared Kushner to go around the world negotiating for the United States in part as a way to allow him to also try to get investors for his business?”

“Well, we will have to ultimately find out the answer to that question through the Mueller investigation,” O’Brien allowed. “We still don’t know a lot about what the communication was between the president and his son-in-law.”

“What we do know, and as you pointed out this morning, there’s a real danger of a possible quid pro quo in which the president’s son-in-law is using the family’s newly-found power to feather their nest,” he continued. “In the Kushner’s case, it’s not trying to make money, but to prevent a financial disaster entrapping the entire family. 666 Fifth Avenue was an enormous mistake by Jared Kushner. He did overpay for it and he was able to refinance the debt in 2007, and that gave him a decade’s worth of room before the piper came calling.”

“Fortunately for him, an intervening event happened before the time ran out: his father-in-law became president,” O’Brien explained. “We know Kushner already tried to arrange refinancing with Chinese investors, and when my friends at Bloomberg bought some daylight to those negotiations, they blew up. There is the question whether his conversations with the Chinese would end up compromising foreign policy with the U.S. You have exactly the same issue with the Russians, with the added magic here, of course, that Donald Trump during the 2016 campaign solicited their help in the U.S. election.”

Watch the interview in the video below via MSNBC:

MUST READ: Trump Just Threw a Fit Over Mueller’s Digging Into Don Jr.’s False Russia Statement.

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Crime

Trump Is Officially Under Investigation For Fraud By The NY District Attorney: NYT

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The Manhattan district attorney’s office is “investigating President Donald Trump and his company for bank and insurance fraud,” the New York Times reported Monday.

According to The Times, “the office of the district attorney, Cyrus R. Vance Jr., made the disclosure in a new federal court filing arguing Mr. Trump should have to comply with its subpoena seeking eight years of his personal and corporate tax returns.”

“The reports, including investigations into the president’s wealth and an article on the congressional testimony of his former lawyer and fixer, Michael D. Cohen, said that the president may have illegally inflated his net worth and the value of his properties to lenders and insurers. Lawyers for Mr. Trump have said he did nothing wrong.”

The newspaper also reported that Trump has asked a judge to declare the subpoena invalid.

The news comes less than a month after the Supreme Court, in a major ruling on the limits of presidential power, cleared the way for Mr. Vance’s prosecutors to seek Mr. Trump’s financial records.

The Times also noted that the investigation is a “significantly broader inquiry than the prosecutors have acknowledged in the past.”

You can read the entire report on The News York Times.

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