Saudi Arabia is giving $20 billion to Blackstone, whose CEO is a Trump 'adviser'
-
Blackstone Group CEO Steve Schwarzman is one of unpopular President Trump’s “advisers” in everything from trade to infrastructure. President Trump just gave the world a Twitter-rant-free vacation as he and his wife visited Saudi Arabia to discuss things like weapons. Coincidentally, CNN Money is reporting that Mr. Schwarzman’s Blackstone Group just got a pledge for $20 billion from the Saudi government. How serendipitous is that?
The firm said Saturday that it will raise another $20 billion from other investors. With debt financing, Blackstone hopes eventually to bring the total to $100 billion.
The announcement Saturday was a year in the making, but the timing was significant. It came as Trump kicked off his first overseas trip this weekend in Saudi Arabia, where he touted his ability to attract foreign investment in the United States.
-
Screw impeachment, we should be talking about treason.