This is why Jared Kushner's gargantuan debt matters

Politico reports:

"Jared Kushner, a White House aide and President Donald Trump's son-in-law, appears to have drawn more money out of three separate lines of credit in the months after he joined the White House last year, a newly released document shows.

"Recent revisions to the financial disclosure form filed by Kushner's wife, Ivanka Trump, bumped up each of those debts to a range of $5 million to $25 million.

"Versions of the couple's disclosures made public in July valued those debts at $1 million to $5 million apiece. The loans were extended by three banks: Bank of America, New York Community Bank and Signature Bank. ... One debt did drop in value as Ivanka’s form was revised: The amount owed on a Visa account went down to a range of $50,001 to $100,000, from $100,001 to $250,000."

(As an aside, who carries that much credit-card debt? Are the Kushners' liquid assets so low that their lifestyle has to be paid for by borrowing at presumably outrageous rates?)

Kushner's financial problems relating to his 2007 purchase of the 666 Fifth Ave. building for $1.8 billion have come up in the context of the Russia investigation. Last September, The Wall Street Journal reported:

SOURCE :- chicagotribune