Trump Adviser to Bail Out Weinstein's Company

Colony Capital, owned by Trump adviser Thomas J. Barrack Jr., has agreed to bail out Harvey Weinstein's company, providing an immediate cash infusion and then buying most if not all of the assets.

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    Barrack is a big fish here (5.00 / 1) (#1)
    by MKS on Mon Oct 16, 2017 at 01:57:53 PM EST
    Has all the polish and smarts Cheeto wished he had.

    I have litigated against his Colony Capital.....Smart people.  

    Does Mr. Barrack like indie films? (none / 0) (#2)
    by oculus on Mon Oct 16, 2017 at 09:18:35 PM EST
    If it makes money (5.00 / 1) (#3)
    by MKS on Tue Oct 17, 2017 at 11:17:12 AM EST
    Is it just me, or does the timing seem suspicious? (none / 0) (#4)
    by vicndabx on Tue Oct 17, 2017 at 11:54:34 AM EST
    Weinstein allegations blow up out of nowhere and then, oh look one of Trump's boys just happens to be able to help out.

    Pretty sure it's just you. (5.00 / 1) (#7)
    by Peter G on Tue Oct 17, 2017 at 09:15:32 PM EST
    The very successful motion picture production outfit formerly known as the Weinstein Company has fired its founder, Harvey Weinstein. It is the company that Barrack is investing in, not Harvey himself. Your comment about suspicious circumstances therefore seems illogical to me.

    Barrack (5.00 / 1) (#8)
    by MKS on Wed Oct 18, 2017 at 11:40:46 AM EST
    made his money scooping up distressed properties in economic downturns.  

    So, it appears he just saw a deal--a production company that is likely in distress now and way undervalued.....


    Is he the guy... (none / 0) (#9)
    by kdog on Wed Oct 18, 2017 at 11:50:58 AM EST
    that took over Teldar Paper?

    Ha! Good one (none / 0) (#11)
    by MKS on Wed Oct 18, 2017 at 04:27:01 PM EST
    Not his style to do a Mitt Romney turn and burn.

    "Cash for trash" was more the thing.   I am not sure whether that included residential real property, but it sure did commercial property. His group bought up distressed property and then worked it--foreclosures, sales or work outs.....But actually running a company and restructuring it--nope.


    Thanks for the insider info... (none / 0) (#12)
    by kdog on Thu Oct 19, 2017 at 11:44:08 AM EST
    When I see "Capital" in the name of any company, I naturally assume the worst;)

    Yes I know that (5.00 / 1) (#10)
    by vicndabx on Wed Oct 18, 2017 at 12:31:42 PM EST
    I was referring to the timing of the Weinstein scandal breaking and the subsequent potential purchase of what one would assume is a liberal leaning media production company by someone presumably conservative since he supports dear leader.

    Yes assumptions abound, but CT requires it.


    The NY Times... (none / 0) (#5)
    by kdog on Tue Oct 17, 2017 at 12:50:44 PM EST
    would have had to be in on it, no? And The Times wouldn't appear to be sympathetic to Trump and his buddies.  

    If not for the Times story, would Weinstein's house of perv cards had crumbled?  


    Admittedly I don't know (none / 0) (#6)
    by vicndabx on Tue Oct 17, 2017 at 01:51:23 PM EST
    How the story's authors came to pursue it.