Two important voices in Trump’s ear at the moment: Tom Barrack—who, per sources, was in touch with Steven Mnuchin and the WH over the weekend—and Blackstone’s Steve Schwarzman. Those potential margin calls will hurt…
In a piece at @Medium, Barrack writes, “Immediate concerted action must be taken to fend off this crisis and avoid the need for a taxpayer-funded bailout of the real estate market and banks.”
Barrack himself is a billionaire real estate investor. medium.com/@tombarrackjr/…
Barrack himself is a billionaire real estate investor. medium.com/@tombarrackjr/…
Barrack has long had his name tied with allegations of crony capitalism. I reported in my book that he was a great "help" to Kushner Companies at Trump's suggestion when 666 Fifth Avenue was under water back in the day.
And last summer, @ZcohenCNN and @kylieatwood reported that Barrack and other business leaders had sought to use their influence within the Trump administration to promote private corporate interests in the Saudi nuclear deal: cnn.com/2019/07/29/pol…
