No surprise that Jared Kushner cites his ability to work with Democrats as key asset if he were to be Trump’s Chief of Staff. Jared and Ivanka are deeply committed globalist democrats, the exact opposite of Trump voters. Soros of course is among Jared’s business investors. Mr. Trump, we elected you to build a 2000 mile wall

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May 3, 2017, “Trump Adviser Kushner’s Undisclosed Partners Include Goldman and Soros,” Wall St. Journal, J. Eaglesham, J. Chung, L. Schwartz

“Mr. Soros’s family office said it had invested [in Kushner’s business] in early 2015 before Mr. Trump declared his presidential candidacy."…Kushner has business “ties to abroad swath of U.S. and foreign banks, private-equity firms, real-estate companies and government-owned lenders.”
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12/13/18, “Jared Kushner reportedly could be the next chief of staff,” NY Post, Joe Tacopino

“President Trump’s son-in-law Jared Kushner is on the short list to become the next chief of staff, reports said.
Kushner, a top White House adviser, met with the president about the job on Wednesday and believes his ability to work with Democrats will be an asset to the position, according to The Huffington Post.

“I don’t know why he thinks that, when the Democrats are mainly going to be coming after Trump,” a source told the website.
The current White House Chief of Staff John Kelly will leave the position at the end of the year.

Reports about Kushner’s interest in the gig came as North Carolina Rep. Mark Meadows and Vice President Mike Pence’s Chief of Staff Nick Ayers both withdrew themselves from consideration.

Kushner, who is married to Trump’s daughter Ivanka, has been under scrutiny by Democrats for his relationship with Saudi Crown Prince Mohammed bin Salman.”…
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Added: “Mr. Soros’s family office said it had invested [in Kushner’s business] in early 2015 before Mr. Trump declared his presidential candidacy.“…Kushner has business “ties to a broad swath of U.S. and foreign banks, private-equity firms, real-estate companies and government-owned lenders.”… Kushner has given personal guarantees on $300 million of his debt. Deutsche Bank and RBS are among entities to whom he’s given personal guarantees. 

May 3, 2017, “Trump Adviser Kushner’s Undisclosed Partners Include Goldman and Soros,” Wall St. Journal, Jean Eaglesham, Juliet Chung, Lisa Schwartz

“Investments show ties to major finance and technology names.” 

“Jared Kushner, the president’s son-in-law and senior adviser, is currently in business with Goldman Sachs Group Inc. and billionaires George Soros and Peter Thiel, according to people familiar with the matter and securities filings.

The previously undisclosed business relationships with titans of the financial and technology worlds are through a real-estate tech startup called Cadre that Mr. Kushner cofounded and currently partly owns.

Goldman and Messrs. Soros and Thiel, as well as other billionaires’ firms, also have stakes in the company, which is based in a Manhattan building owned by the Kushner family’s company, according to people close to Cadre.

The Cadre stake is one of many interests—and ties to large financial institutions—that Mr. Kushner didn’t identify on his government financial-disclosure form, according to a Wall Street Journal review of securities and other filings. Others include loans totaling at least $1 billion, from more than 20 lenders, to properties and companies part-owned by Mr. Kushner, the Journal found. He has also provided personal guarantees on more than $300 million of the debt, according to the analysis.

In his disclosure form filed earlier this year, Mr. Kushner didn’t identify Cadre as among his hundreds of assets. The Journal identified his Cadre stake through a review of securities and other filings as well as interviews with people familiar with the company and Mr. Kushner’s finances.

Jamie Gorelick, a lawyer representing Mr. Kushner, said in a statement that his stake in Cadre is housed in a company he owns, BFPS Ventures LLC. His ownership of BFPS is reported on his disclosure form, although it doesn’t mention Cadre.

Ms. Gorelick said the Cadre stake is described in a revised version of his disclosure form that will be made public after it has been certified by ethics officials. She said Mr. Kushner has previously discussed his Cadre ownership with the Office of Government Ethics and that Mr. Kushner has “resigned from Cadre’s board, assigned his voting rights and reduced his ownership share.”

A spokesman for the Office of Government Ethics didn’t respond to a request to comment.

Ms. Gorelick said it is “very normal” for a financial-disclosure form to be revised and that the form was prepared by Mr. Kushner’s lawyers on his behalf. A White House spokeswoman referred questions to Mr. Kushner’s lawyer.

Trevor Potter, a Republican former chairman of the Federal Election Commission, and other ethics experts said investments such as Mr. Kushner’s ownership of Cadre typically need to be disclosed. They said Mr. Kushner didn’t appear to violate disclosure rules by not publicly reporting his business-related debts and guarantees. But they said such arrangements ideally should be disclosed, in part because they could force Mr. Kushner to recuse himself from certain issues involving the lenders.

“Anything that presents a potential for the conflict of interest should be disclosed so that the public and the press can monitor this,” Mr. Potter said.

Ethics experts’ concern is that Mr. Kushner’s business connections could jeopardize his impartiality in certain areas and that, absent disclosures, the public is in the dark about potential conflicts.

Mr. Kushner’s rapidly expanding responsibilities range from working on a Middle East peace deal to making the federal government operate more efficiently. As a senior federal official, he is bound by ethics laws that require him to recuse himself from matters that would directly affect his financial interests.

Ms. Gorelick, who was deputy attorney general in former President Bill Clinton’s administration, said Mr. Kushner will “recuse consistent with government ethics rules.”

Mr. Kushner, the 36-year-old scion of a real-estate family, agreed with federal ethics officials to divest himself of more than 80 assets after he and his wife, Ivanka Trump, were hired by her father, President Donald Trump, as senior aides. White House officials have said some of the sales were needed to avoid potential conflicts between Mr. Kushner’s far-reaching job duties and his personal financial interests.

Mr. Kushner is retaining more than 200 other assets, worth a total of at least $116 million, according to his disclosures. These are mostly apartments and office blocks around the U.S. Like his father-in-law, he has declined to put these assets in a blind trust, which ethics experts regard as the cleanest way to avoid conflicts of interest. Someone close to Mr. Kushner said there are practical problems that made a blind trust not a realistic option.

Mr. Kushner co-founded Cadre in 2014 with his brother, Joshua Kushner, and Ryan Williams, a 29-year-old friend and former employee of Kushner Cos., the family-controlled business that Mr. Kushner ran until recently. Cadre markets properties to prospective investors, who can put their money into specific buildings or into an investment fund run by Cadre, which collects fees on each deal.

To get off the ground, Cadre turned to a Goldman Sachs fund and a number of high-profile investors. Among them were the venture-capital firms of Mr. Thiel, Silicon Valley’s most prominent supporter of the GOP president, and Vinod Khosla, a co-founder of Sun Microsystems Inc., according to Cadre’s website. Personal backers include Chinese entrepreneur David Yu, co-founder with Alibaba Group Holding Ltd.’s Jack Ma of a Shanghai-based private-equity firm, hedge-fund manager Daniel Och and real-estate magnate Barry Sternlicht, people close to Cadre said.

Cadre also secured a $250 million line of credit from the family office of Mr. Soros, a top Democratic donor who Mr. Trump criticized during his presidential campaign, the people close to the company said. Mr. Soros’s family office is also an investor in Cadre.

The investors declined or didn’t respond to requests for public comment on their backing of Cadre, but a person familiar with Mr. Soros’s family office said it had invested in early 2015 before Mr. Trump declared his presidential candidacy.

Cadre has solicited money from investors for several Kushner Cos. real-estate projects, according to information sent to prospective investors and reviewed by the Journal. Jared Kushner personally has stakes in some of the real-estate projects for which Cadre has raised money, according to Cadre documents and his disclosure form.

While Mr. Williams acts as the public face of Cadre, Mr. Kushner remains one of the owners, with the power to “influence the [firm’s] management or policies,” according to the latest public information on file with the Financial Industry Regulatory Authority. Mr. Kushner’s company JCK Cadre LLC is shown as owning 25% to 50% of Quadro Partners Inc., which owns at least 75% of RealCadre LLC, which does business as Cadre. Mr. Kushner has reduced his ownership stake to less than 25%, his lawyer Ms. Gorelick said.

Mr. Williams, chief executive of Cadre, said the company has been working with regulators to update its public filings to “reflect Jared’s nonoperational, nonmanagement relationship with the company, which has been in place since the inauguration.”

BFPS Ventures, the company that Mr. Kushner’s lawyer said holds his Cadre stake, is shown on his financial-disclosure form as owning unspecified New York real estate valued at more than $50 million. The form adds that “the conflicting assets of this interest have been divested.”

Beyond Cadre, some of the assets Mr. Kushner is holding on to are hard to pinpoint, partly because they are housed in entities with generic names such as “KC Dumbo Office,” according to the disclosure form.

The Journal matched many of the assets to specific real-estate investments. An analysis of the debts on those properties, using real-estate data services PropertyShark and Trepp LLC as well as property records, found ties to a broad swath of U.S. and foreign banks, private-equity firms, real-estate companies and government-owned lenders.

Lenders to Mr. Kushner, either directly or via properties he co-owns, include Bank of America Corp. , Blackstone Group LP, Citigroup Inc., UBS Group AG, Deutsche Bank AG and Royal Bank of Scotland Group PLC. Royal Bank of Scotland didn’t respond to requests for comment; representatives of the other firms declined to comment.

Mr. Kushner will recuse himself from matters to which Deutsche Bank or RBS are parties because he has provided personal guarantees on their loans, said a person familiar with his ethics arrangement.”




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