iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
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Thank God ‘The People’ Are Back in Power: Kushner Family Pitches ‘Invest $500k, Immigrate to America’ Visa Program in China

Representatives from the Kushner family descended upon the Ritz Carlton in Beijing to pitch wealthy Chinese the EB-5 visa program aka crony capitalism.

Nicole Kushner, Jared’s sister, was alleged to be in attendance.

The pitch was “Invest early, and you will invest under the old rules,” according to the Washington Post.

The event, which was closed to foreign press, was hosted by the Chinese company Qiaowai — who is working on behalf of the Kushner family for one of their projects in New Jersey.

It’s dubbed the ‘Kushner 1’ project, like Airforce 1 only cooler: “This project has stable funding, creates sufficient jobs and guarantees the safety of investors’ money, read one of the promotional brochures.

The materials painted Jared as a ‘celebrity’ in America, encouraging rich Chinese to trust their status and business acumen in America — which is funny considering the ruinous state of their crown jewel property 666 5th avenue (extra anti-Christ). The Kushner’s are trying to restructure the 666 deal, bringing in Chinese insurance giant Anbang, in an effort to finance a massive expansion and conversion of the top floors into posh condos.

Thank God ‘the people’, plumbers, electricians and all of the other rubes, are running America again. Get the wall up, unless of course all Mexican migrants are willing to fork over $500,000 to invest.

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33 comments

  1. 99 lead balloons
    99 lead balloons

    a few months back i saw presentation on investment visa in Canada which was a disaster. the idea in early 90s was chinese were going to buy small companies (especially in rural area) and make the companies very successful. very early on it was evident that no one bought companies for investment and to this day very few “investors” actually report any canadian income. the program should have been scrapped very early but wasn’t. biggest crock….

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  2. frog

    Some populist Trump turned out to be. He and his family are 100% about crony capitalist welfare queens gorging themselves at the public trough.

    I hope they don’t pass this health care bill, basically murdering people with the return of the pre-existing condition clause, in order to provide tax cuts for the wealthiest Americans. Despicable.

    How Obamacare Helped Slash Personal Bankruptcy by 50%
    http://time.com/money/4765443/obamacare-bankruptcy-decline/

    I am fairly healthy myself. But illness shouldn’t be a death sentence, or at least a bankruptcy sentence for people. This is unconscionable. But crony capitalist welfare queens would mow the 99.99% down in a minute, if it meant more profit for them.

    I can see the need for populists in government. Maybe some real ones can be voted in next time. I say “ones” plural because Congress makes the laws. You can’t just vote in a magic president to take care of everything. Congress has to cooperate, even if the president is a real populist. This Congress has no conscience, nor does Trump.

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    • moosh

      Why don’t you just go play your pretend Robin Hood and physically steal the money from the people you deem wealthy, instead of copy and pasting on every post.

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      • frog

        In a society as wealthy as the U.S., people shouldn’t be going bankrupt from medical expenses. Every other advanced Western nation has a decent affordable medical system except us.

        What people like you want is Reverse Robin Hood, which Trump is gladly doing– robbing from the poor and middle class and giving to the rich.

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        • moosh

          False. What are causing medical expenses to be so high? Is it from not stealing enough money from folks you deem too wealthy?

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          • frog

            Both Dems and Republicans spend tons of money. Trump is going to explode the federal deficit much higher. The big difference is that Obama spent money in a way that cut bankruptcies by 50%. And Trump will spend it in a way that makes crony capitalist welfare queens much richer.

            If you prefer Reverse Robin Hood “stealing” of your tax money, to make super wealthy people even wealthier, then you must be very happy now with Trump.

            I know, Trump’s planning to cut taxes. But when he blows up the national debt, that debt is going to have to be paid back eventually. You can’t borrow huuuge and increasing amounts of money forever and never have to pay it back.

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  3. derp

    Need a laugh? Check out $CDII

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    • moosh

      Hahah, holy shit how does that still exist? That was Yahoo message board type shit at its finest, back in the day.

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  4. t.c.

    What cuckery.

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  5. t.c.

    We alrwasy have too muxh Chinerse a peoplre here arready.

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  6. mx2101

    In the residential real estate space, I don’t like what is left after the investors and flippers move on. Cliche, trendy renovations and slapped up new construction remain for years.
    Here, original waterfront cottages are replaced with McMansions.

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  7. heckler

    Kleptocracy at its finest. The reason Trump likes all those strong men dictators is because he wants to learn how to steal everything from me and Fly and John Q Public, and take it for himself and That can only be Jared.

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  8. ironbird

    None of this matters. Women and fags in power have ruined humanity. All is lost.

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  9. 99 lead balloons
    99 lead balloons

    http://www.metatube.com/en/videos/344804/Ivanka-Jared-John-Oliver/

    John Oliver did a good piece on Jared. Pretty entertaining actually.

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    • heckler

      Watched the whole ep. Best Daily Show Spinoff, I’d say.

      Oliver ripped ‘That’s Jared’ a brand new hole.

      We need a press conference with this douche Jared. It’s true, I’ve never heard him speak.

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      • frog

        Maybe he has nothing to say. Just because you’re an heir to a real estate fortune doesn’t mean you have anything to say necessarily.

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        • heckler

          But he should update us on all his roles shouldn’t he?

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  10. small pleb

    Fly,

    There’s no story here. The EB-5 was created in 1990.

    All countries want to have new investors create jobs and offer citizenship in this manner.

    Immigration is GOOD. Investment that creates jobs is good.

    Entering our country illegally is bad.

    Exploiting visa programs designed to bring in the best and brightest to instead import cheap indentured servant labor is bad.

    The US has always benefited from LEGAL immigration and inviting new investment that creates new jobs is good.

    https://www.theguardian.com/uk-news/shortcuts/2013/dec/10/want-to-buy-citizenship-super-rich-malta-passports

    http://www.telegraph.co.uk/finance/personalfinance/expat-money/9705707/Australia-launches-golden-ticket-visa-for-millionaires.html

    http://money.cnn.com/2012/06/11/news/economy/citizenship-foreign-investment/

    http://www.cnbc.com/2013/11/14/buying-citizenship-which-nations-are-affordable.html

    https://en.wikipedia.org/wiki/EB-5_visa

    https://en.wikipedia.org/wiki/Immigration_Act_of_1990

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  11. moosh

    @frog
    After all of those words, you never answered the questions.
    Why are medical expenses so high?

    You realize taking money from people and spending it in all other ways and even right at the source does not lower the cost, yes?

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    • rtcushing

      I noticed he skirted the question too, instead he went back to dems and republicans

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  12. moosh

    Also, Jared seems smart and sketch as fuck. That is all.

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  13. traderconfessions
    traderconfessions

    Shocking! Unexpected! Who would have thought? Can you believe it?

    Kushner was a hack newspaper publisher before he married the blonded Trump mini-me. That swamp gets higher every day. Kushner and Trump, just a couple billionaires looking out for the average Joe. A guy from a Central American country wants to bring his family to the US so they aren’t murdered by drug gangs…fuck you. A rich Chinese dude wants the option for US citizenship so he pays $500K to the President’s son-in-law. MAGA!!! At least be smart enough to beg Chinese money sotto voce.

    Buyer’s remorse yet… Suckers.

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  14. t.c.

    Shut it down. We have way to much diversity here already. We have an obligation to put our fellow Americans first.

    The hispanic crime rate is about 2.5 that of whites and their IQs are about 12 points lower, so their potential to build a safe prosperous society is lower than ours.

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    • ironturd

      Racist.

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      • t.c.

        It’s not really racist to state facts. Hispanics are great, I just don’t want them to all move here. Let them build up their own countries. We have an overabundance of diversity here and much of it needs to head home.

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        • thinair

          Hispanics are great, especially the busty women. Minus the Puerto Ricans. But they are considered american anyways right?

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        • thinair

          Without the Indian and Pakistani doctors here, all of us would get ducks and die. And they have iqs higher than coal mining and muffler fixing whites, like yourself.

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        • ironturd

          Those aren’t facts. They are racist statements.

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  15. thinair

    Conflicts galore. But in all fairness, these type of EB-5 capital raises are very common with CRE projects and I’m sure their family has done this before. The family has an unfair advantage now but I don’t see a problem with it if its within the confines of the law, which is seems to be.

    The rich get richer and the poor don’t get a damn thing — Nino Brown

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  16. stocksnblondes
    stocksnblondes

    Kushner family is sketchy as fuck–their father is a convicted felon for fuck’s sake. Tax evasion, breaking federal campaign laws, and trying to blackmail his brother in law by hiring a hooker to seduce him and taping it. Crooked fucks.

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