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Ignore the DC Circus

When I was a kid Walter Cronkite and Chet Huntley reported the news, objectively and without emotion. These days everyone who is supposed to be a journalist…

Joel Ross Joel Ross

When I was a kid Walter Cronkite and Chet Huntley reported the news, objectively and without emotion. These days everyone who is supposed to be a journalist is really a member of one party or the other. The need report rumor or fake news supersedes getting to truth.  The Democrats are making Putin look good by doing far more damage to the US government than Putin could have ever imagined he could do. They rage, make absurd statements and claims, and try to spin everything like life and death and the end of the republic. Their delay and resist tactics are unseemly, and destructive to the rest of us. The NY Times, Washington Post and CNN create fake news, and the other press repeat it with no verification. Case in point: Comey asked for more resources, Rosenstein threatened to quit, and on and on. All turned out to be 100% false.  CNN runs “panels“ to opine on the latest version of truth by CNN, which is rarely true.

Trump seems to be incapable of keeping his foot out of his mouth-latest example mentioning tapes just as it was clear firing of Comey was well justified, and many Democrats had been asking for that until Trump actually did it. So now CNN came up with a conspiracy theory complete with flow charts and absurd convoluted spin, that claimed firing Comey, Bharara, and Yates as some cover up, even though they are all totally unrelated, and all were well justified. There are even suggestions by NBC that Trump does not really want to be president, and Comey is the end of the Republicans getting any legislation passed. They have all lost their minds. It is like they are on LSD, or some other hallucinogenic. Whether the NY Times, Facebook, CNN or one of the others, fake news abounds and there is no system of verification for anything.

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Joel Ross

Joel Ross

Joel Ross began his career in Wall St as an investment banker in 1965, handling corporate advisory matters for a variety of clients. During the seventies he was CEO of North American operations for a UK based conglomerate, and sat on the parent company board. In 1981, he began his own firm handling leveraged buyouts, investment banking and real estate financing. In 1984 Ross began providing investment banking services and arranging financing for real estate transactions with his own firm, Ross Properties, Inc. In 1993 Ross and a partner, Lexington Mortgage, created the first Wall St hotel CMBS program in conjunction with Nomura. They went on to develop a similar CMBS program for another major Wall St investment bank and for five leading hotel companies. Lexington, in partnership with Mr. Ross established a hotel mortgage bank table funded by an investment bank, and making all CMBS hotel loans on their behalf. In 1999 he formed Citadel Realty Advisors as a successor to Ross Properties Corp., focusing on real estate investment banking in the US, UK and Paris. He has closed over $3.0 billion of financings for office, hotel, retail, land and multifamily projects. Ross is also a founder of Market Street Investors, a brownfield land development company, and has been involved in the acquisition of notes on defaulted loans and various REO assets in conjunction with several major investors. Ross was an adjunct professor in the graduate program at the NYU Hotel School. He is a member of Urban Land Institute and was a member of the leadership of his ULI council. In 1999, he conceived and co-authored with PricewaterhouseCoopers, the Hotel Mortgage Performance Report, a major study of hotel mortgage default rates.

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