Posted on 01/23/2016 12:24:53 PM PST by BlackFemaleArmyColonel
Ted Cruz spent part of his late 20s in Kingston, Jamaica trying to help build a Caribbean-focused private equity fund.
We didn't believe it either, but The Washington Post swears it's true:
In a group that included three Jamaican entrepreneurs, one participant seemed out of place -- a 27-year-old former U.S. Supreme Court law clerk of Cuban descent who was visiting from Washington. Ted Cruz had been invited by his roommate from Princeton and Harvard Law, David Panton, who was eager for the group to win the rights to manage a new Caribbean-focused investment enterprise launched by one of the island's most prominent executives.
Okay, maybe it's not so hard to believe. A lot of portly Canadians spend time in Jamaica during the winter, but more do it to get "Irie" than rich. And hey, if Ted and his Ivy League buddy were going to get into finance, it must have been one of those Reaganista, private sector deals. The kind of thing that would have given Milton Friedman a boner...
The idea was modeled after U.S. private equity companies that made fortunes by using investor dollars to remake underperforming companies. The Caribbean concept came with a twist -- the investor dollars would be drawn in part from governments, including from the United States, leveraging funds intended to boost the developing world.
Oh, so Ted and his pals were going to get rich off of U.S. foreign aid money? How...conservative of him.
And like most money-related things in Ted Cruz's life that don't jive with his self-created proto-conservative anti-Wall Street origin tale, his adventures in Jamaica paint another picture of very real hypocrisy.
(Excerpt) Read more at dealbreaker.com ...
Keep attacking Cruz from the Left. It just illustrates what you’re up to.
Pick this on Democratic Underground or Daily Kos?
Why does Trump preface every comment with “in all fairness”?
Smell that whiff of desperation from the Trump folks. This crap coming from a guy who by his own admission built his fortune by getting sweetheart real-estate deals from buying off politicians.
From your post: “The kind of thing that would have given Milton Friedman a boner...”
Nice to see the Trumpites elevating the level of discourse on FR. Did you even read your own post????
Do you only post tabloid crap?
Hold on a minute, I need to go to the next room for some Troll-Be-Gone.
Hold on a minute, I need to go to the next room for some Troll-Be-Gone.
How awful./sarc
Did I miss something? There's something bad about an American making money off foreigners?
I don’t support TC because I don’t think his portrayal of himself is actual...not when it comes down to nitty gritty politics...and he would be more of the same...living off complaining but not changing the status quo. And then there is his lack of real experience, etc. etc.
However, trying to make money like this doesn’t bother me that much. Is there actually anything wrong with this...like illegal?
Does it matter where it’s from if it’s true?
RE: The idea was modeled after U.S. private equity companies that made fortunes by using investor dollars to remake underperforming companies.
Let’s look at the above — Is there anything wrong with trying to make a fortune using investor dollars to remake underperforming companies?
RE: the investor dollars would be drawn in part from governments, including from the United States, leveraging funds intended to boost the developing world.
Is this illegal? The money is already there, the intent is to boost the developing world, you participate in a venture to maximize this already allocated funds.
The only “hypocrisy” I see is the use of government funds... a conservative is by nature, not fond of using government money to fund private enterprises.
But let’s put it this way — what if you believe that the venture (whether you’re right or not), based on the money ALREADY ALLOCATED, can make a profit for yourself AND the local economy? Is it wrong to attempt it?
They’re following their leader....expect them to behave accordingly.....and just like him.....nasty bunch getting nastier just as Trump is.
Who says it’s true?
So let me get this straight...Just moved ahead in Iowa, crushing it in the next several primary states, leading nationally by more than 20 points, some 30+...and it’s Trump’s desperation?
Don’t know if it is, but does it matter where it’s from if it is? Usual deflection...
To be honest with you, I don’t see where the “scandal” is.
A 27 year old recently graduated lawyer goes to the Carribean to help a venture business develop projects. The project did not succeed, yet he gets a sum of money based on pre-agreed contract.
So?
“The Caribbean concept came with a twist — the investor dollars would be drawn in part from governments, including from the United States, leveraging funds intended to boost the developing world.
Oh, so Ted and his pals were going to get rich off of U.S. foreign aid money? How...conservative of him. “
Interesting.
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