Quote:
Originally Posted by Rochard
No, they don't. They use "other people's money". They get investors, or they get loans.
Just like Mitt Romeny and his group. They use other people's money to buy a businesses and charge huge consulting fees. If the business makes money or utterly fails, they still make money. It's insane and it should be criminal.
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So correct....
The issue gets deeper because The Kushner folks will not be putting up their own assets at risk.
Like the ones they have at 666 5th ave.
A new corporation will be created. If it fails, so what, the taxpayer foots the bill.
But if it works out well, Kushner Cos make the profit.
Of course, this is not a unusual method of biz... everyone's doing it this way.
But it does not make it right.
Ya know... If I want to buy a building in town to add to my real estate portfolio, the bank wants all of my assets under the loan.
Why can't I just turn to Freddie and Fannie and get a lower interest rate to boot and not have to put up my other assets at risk.