Liberal Forum

Blackvegetable » 17 Sep 2025, 12:25 pm » wrote: ↑

17 Sep 2025, 12:25 pm

https://www.bloomberg.com/news/articles ... e-americas

US Treasury Secretary Scott Bessent once agreed to occupy two different houses as his “principal residence” at the same time, mortgage documents show — the same kind of contradictory pledges that President Donald Trump has been using to try to oust Federal Reserve Governor Lisa Cook.

To the ramparts, MAGAts!

Since it is behind a paywall I had to go with CNBC who added in a few details that Dum Dum left out, which is the norm for him.

Bloomberg’s new report noted that Cook’s and Bessent’s situations are not identical.

Cook had personally signed her mortgage agreements, while Bessent’s were signed on his behalf by a lawyer. And both of Bessent’s mortgages were with the same bank, while Cook’s were with two different banks.

 However, there is evidence that lenders knew Bessent’s and Cook’s actual plans for the respective properties.

Reuters reported last week that a May 2021 loan estimate indicates that Cook had called the Atlanta property a “vacation home.”Bessent’s representatives gave Bloomberg a statement from Bank of America, which said the lender understood “that the Bedford and Provincetown properties were secondary residences.”

 CNBC has requested comment on Bloomberg’s report from the Treasury Department and the FHFA.

 Charles Rich, the lawyer who represented Bessent in the 2007 mortgage agreements, gave a statement to CNBC.“I was Mr. Bessent’s attorney and agent under a Power of Attorney made in September 2007 when I signed a mortgage to finance the purchase of a new residence for Mr. Bessent in Bedford Hills, New York under a mortgage loan,” Rich said.

 “Concurrently with the 2007 closing, I executed a second mortgage on a property located in Provincetown, MA as additional collateral,” he said.

 “Bank of America was fully aware that the Provincetown, MA property was not a principal residence and waived any requirement that it be used as a principal residence,” Rich said.


https://www.cnbc.com/2025/09/17/bessent ... tgage.html