Elizabeth Warren has been hammering Trump cabinet nominees about their financial disclosures. This in itself isn’t a bad thing. Trump’s cabinet picks should be transparent. But Elizabeth Warren the fake injun and other Democrats have taken to hassling and blocking Trump’s nominees to a whole new level.
It’s kind of ironic that fake injun Elizabeth Warren would have the nerve to hammer Trump’s cabinet picks the way she has, especially Betsy DeVos. Warren herself failed to disclose that she has a $1.3 million line of credit against her Cambridge, Massachusetts, home.
| Elizabeth Warren never disclosed $1.3 million line of credit |
|---|
|
The line of credit was extended to Warren and her husband Bruce Mann in 2007 through financial giant Bank of America. It was first noted by the Boston Herald after Warren failed to included the line of credit as a liability on her 2014 financial disclosure filing. It was also absent from her 2015 filing.
An aide for Warren, who is worth millions, defended the omission, stating at the time that a home equity line of credit like the one that Warren received from Bank of America doesn’t have the same reporting requirements as a typical home mortgage, which would have to be reported.
The STOCK Act, which was signed into law in 2012, mandated that all members of Congress disclose details of any mortgages on their personal residences in their annual filings.
The legislation, however, does not mention home equity lines of credit, which banks offer as alternatives to a mortgage.
The Warren aide said that the senator had yet to borrow on the line of credit, which allowed her to leave it off disclosure forms.
The exact terms of Warren’s deal with Bank of America such as her interest rate remain a mystery due to the lack of disclosure.
Warren’s office did not return a request for comment on her decision to take out a line of credit.
So spare us the lectures on transparency you fake injun. Get your own stuff in order and quit hiding your $1.3 million line of credit.