OPINION:
Sen. Elizabeth Warren, the darling of the liberal media who may or may not be part American Indian, is the champion of the little people, battling against the ruthless 1 percent.
But wait, Squaw Warren just happens to be a MEMBER of the 1 percent — and like the ends-justify-the-means liberal legions, she doesn’t have to play by the same rules as regular Americans.
When Warren was required last week to divulge her financial assets and debts, as were all federal lawmakers, she said that she and her husband, Bruce Mann, had no liabilities whatsoever in 2014.
But the Boston Herald reports that she does in fact have a $1.3 million mortgage on the Cambridge, Mass., home the couple owns.
So what gives? “A loophole in a federal financial disclosure law for members of Congress let U.S. Sen. Elizabeth Warren — a strident critic of big banks — withhold information about a high-limit line of credit against her Cambridge home with one of the country’s largest banks,” the Herald reported.
“An aide for Warren said the amount represents a home equity line of credit, not a mortgage. According to the aide, a line of credit does not trigger reporting requirements if the borrower has not borrowed on it, or if the amount owed is less than $10,000. Warren’s account had a zero balance, the aide said.”
The loophole allowed Warren to keep her interest rate and terms of the “line of credit” secret.
But a law pushed by Sen. Scott Brown, who held Warren’s seat before he lost in 2012, should prevent federal lawmakers from enjoying perks that ordinary Americans can’t win — like, say, having a $1.3 million “line of credit.”
Ah, the “do-as-we-say, not-as-we-do” Democrats.
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