Bessent made mortgage claims similar to ones Trump cited to try to fire Fed's Cook

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Treasury Secretary Scott Bessent once agreed to call two different houses his "principal residence" at the same time a similar claim to the one that President Donald Trump cited when he tried to fire Federal Reserve Governor Lisa Cook, according to a report Wednesday.

Documents show that on the same day in September 2007, Bessent agreed that homes in both Bedford Hills, New York, and Provincetown, Massachusetts, each would be his principal residence, Bloomberg reported.

Cook signed mortgage agreements declaring that houses in Ann Arbor, Michigan, and Atlanta were each her principal residences, according to prior reports.

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https://www.cnbc.com/2025/09/17/bessent-fed-trump-lisa-cook-mortgage.html

So by my count there are four Trump cabinet members - Sean Duffy, Lee Zeldin, Scott Bessent, and Lori Chavez-DeRemer - have falsified mortgage documents?

Bill Pulte has regressed back into the tommy Boy Chris Farley character of Trump's executive branch.

Except it was a single transaction, and the second property mortgage was collateral for the first, and fully disclosed to the lender. From your source article:

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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.

"There was absolutely nothing improper about Mr. Bessent's loan applications with which he was minimally involved as he had delegated authority to me as his lawyer and an agent to close these loan transactions," he said.

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When a clown outfit related to NBC-Dem media puts out something about 'similar' it's always best to view it as a Schumer/Schiff talking point about a Republican before taking it with a grain of salt.

nortex97 said:

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Except it was a single transaction, and the second property mortgage was collateral for the first, and fully disclosed to the lender. From your source article:

Quote:

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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.

"There was absolutely nothing improper about Mr. Bessent's loan applications with which he was minimally involved as he had delegated authority to me as his lawyer and an agent to close these loan transactions," he said.

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When a clown outfit related to NBC-Dem media puts out something about 'similar' it's always best to view it as a Schumer/Schiff talking point about a Republican before taking it with a grain of salt.

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Now do Paxton.

Not part of the Trump administration, and I'm not a real big fan. Seems guilty as well, tbf.

shiftyandquick said:

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nortex97 said:

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Except it was a single transaction, and the second property mortgage was collateral for the first, and fully disclosed to the lender. From your source article:

Quote:

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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.

"There was absolutely nothing improper about Mr. Bessent's loan applications with which he was minimally involved as he had delegated authority to me as his lawyer and an agent to close these loan transactions," he said.

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When a clown outfit related to NBC-Dem media puts out something about 'similar' it's always best to view it as a Schumer/Schiff talking point about a Republican before taking it with a grain of salt.

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Now do Paxton.

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Is Paxton an executive branch appointee?

CJ Roberts has given fired Fed. Gov. Lisa Cook one week to respond to the Govt motion for stay with regard to the order by a DC district judge that she be reinstated.

The two primary grounds for the reinstatement order was that "for cause" as used in the statue requires more…

— Shipwreckedcrew (@shipwreckedcrew) September 19, 2025

https://t.co/Bizs0OkjWL

— James Fishback (@j_fishback) September 30, 2025

Looks like the Supreme Court just blocked Trump from immediately firing Lisa Cook.

They still hear the fast-tracked case in January of 2026, so not an ending to the saga.

This ensures that no matter what the justices decide, Cook will be able to vote in at least one more rate-setting meeting in December, and possibly another in March, depending on when the court rules.

— Kyle Cheney (@kyledcheney) October 1, 2025

Interesting that they didn't grant the stay to keep her off the Board. They might be going with their "the Federal Reserve is special," stance and say that the president can't touch them except for cause, because reasons.

1) It was stupid to have the Fed under the executive branch when what they do is effectively determine taxes on citizens.

2) If it truly is an executive branch function then it makes 0 sense that the president can't fire anyone he or she wants. It was already determined that Fed governors are not considered officers under the Constitution.

🚨🚨🚨BREAKING: SCOTUS punts on firing of Cook. pic.twitter.com/pW4SU0H2bv

— Margot Cleveland (@ProfMJCleveland) October 1, 2025

Fired Federal Reserve Governor, Lisa Cook, PUBLICLY discusses her alleged Mortgage Fraud.

Cook is represented by Abbe Lowell, who is also representing the now indicted John Bolton and the now indicted Letitia James. pic.twitter.com/OHyxxE0UMa

— Pulte (@pulte) November 3, 2025

Any updates on this one?

TX_COWDOC said:

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Any updates on this one?

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Waiting on the decision by the Supreme Court.

The case was argued on January 21st.