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gobengo | 2 years ago

Anyone else notice how First Republic bank was bought a few years ago by Colony Capital co-managed by Thomas Barrack, who was a Senior Advisor to the Trump Campaign before being found guilty of acting as an unregistered foreign agent for UAE? https://en.wikipedia.org/wiki/Tom_Barrack

Probably nothing.

discuss

order

creddit|2 years ago

You mean found NOT guilty.

Anyone notice how gobengo actively lied and misled (he bought SOME of FRC, a publicly traded entity) in his comment implying conspiratorial dealings?

boeingUH60|2 years ago

Colony Capital acquired a $1.9bn stake in First Republic alongside General Atlantic, a well-known private equity firm. It was a minority stake [1].

Barrack was also acquitted on the charges of acting as a foreign agent for the UAE [2].

There are endless legit things to criticize the Trump administration of. You don't need to add conspiracy drivel to it.

1- https://www.perenews.com/colony-general-atlantic-finalise-1-...

2- https://www.politico.com/news/2022/11/04/trump-chair-tom-bar...

gobengo|2 years ago

from wikipedia “Barrack recommended that Trump hire Paul Manafort as his campaign manager. Barrack first met Manafort in the 1970s when they were both working for Saudis and living in Beirut. In 2007, Barrack had loaned Manafort $1.5 million to refinance a home in the Hamptons.”

some folks wish they were too big to fail but aren’t. they’re just small big failures