Elizabeth Warren, Hater of Banks, Skirts Ethics Rules to Protect Sweet Deal With A Bank

Sen. Elizabeth Warren, D-Mass., speaks during the first day of the Democratic National Convention in Philadelphia , Monday, July 25, 2016. (AP Photo/J. Scott Applewhite)

There’s nothing more nauseating than a politician who does a whole lot of grandstanding, finger-wagging, and who has massive bouts of self-righteousness. It’s even worse when information is discovered to reveal the finger-wagger as a big fat hypocrite, and that is what happened with Elizabeth Warren.

The Washington Free Beacon has been doing some stellar report, and they have uncovered information to show that while lecture Trump nominees on ethics, she was engaging in some of the same behavior she railed against.

A U.S. senator who took advantage of a loophole in ethics laws to avoid disclosing a $1.3 million credit line against her home is now warning that incomplete financial disclosures from cabinet nominees put the country at risk.

Sen. Elizabeth Warren’s (D., Mass.) warning came in the Washington Post, where she wrote that “it is critical that each nominee follows basic ethics rules to ensure that they will act for the benefit of all the American people.”

How wonderful of her to say this! Don’t you feel better?

But then comes the, “Oops!”:

Warren argued that financial disclosures are needed to “reveal potentially damaging information that may undermine fitness to serve” and that nominees with “complex financial histories” need to be “forthcoming and transparent.”

Warren, meanwhile, continues to skirt congressional ethics laws by failing to include a $1.3 million line of credit against her Cambridge, Massachusetts, home on financial disclosure forms.

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 (sic) 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.

I guess Warren is just engaging in her Native American custom quietness, correct?

Naturally, the Free Beacon is covering this but what about other media outlets? I doubt we’ll see major coverage by the NY Times, Washington Post or any of the major news networks.

But Tom Price’s purchase of twenty-six shares of a stock was front page news for three days.