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John Kerry's House Loan [Archive] - FreeConservatives

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Wyatt_Junker
11-01-2005, 10:05 AM
I have a question.

Does anybody remember last year when Kerry had to take out a second on his wife's house (I think it was something like $6 million) and then threw it at his campaign?

The controversy at the time was that he only had a meager Senate salary of roughly $140,000 per annum to pay it off, which was impossible.

First, the house wasn't his to play politics with, putting the act into an illegal private contribution from Tarrayaza. And I think, prior to the election, they even had a prenup agreement making their assests non-joint even if they were married, which would bolster the argument that that house was not his to use since his name appeared nowhere on the deed and thus a bold rejection of the McCain-Feigngold Act.

And since gloryboy lost, that would put him $6 million in the hole, and Tarrayaza out of a house in an act of ultimate jigoloism. Basically, she got used. At the time I think Kerry even said that it would be possible for him to pay back that loan and, here's the kicker, if anybody else kicked in the cash to do so(like his wife), it would put into effect an illegal event.

Has the FEC looked into this yet? Or, was Kerry able to re-route some of that funny money that he raised from the run-up to last year's election from his demographic of dipshits and blue state morons to pay off the banks?

Also, here's another question. Why would any bank assume that risk? At least any bank that I know? That's quite a risk, especially since Vegas had Kerry & Bush tied at roughly 50:50 odds. Banks don't do that. Why did this bank breach protocol?

This has been bugging me and the MSM won't mention it... guaranteed. To date, has there been anything written about it?

Just curious.

I want to see how far the double standards go for notable kingpin leftwads not only in the MSM but election law.

SmellyFed
11-01-2005, 10:07 AM
I believe Kerry and other candidates are able to keep unspent campaign funds as income. I assume he paid his loan off with unspent Kerry/Edwards cash.

Wyatt_Junker
11-01-2005, 10:16 AM
I believe Kerry and other candidates are able to keep unspent campaign funds as income. I assume he paid his loan off with unspent Kerry/Edwards cash.

Perhaps, but is there anywhere to find out for sure?

I just found out some interesting info here from Buckley in a Feb. 04 article.

Link (http://www.nationalreview.com/buckley/buckley200402131103.asp)

The question then is, was Kerry able to get enough scrill to do just that? Because apparently, you can only use $250 K of money raised AFTER an election to pay off campaign debts. And that's barely enough to satiate the first year interest alone on that debt. It all has to be siphoned off BEFORE the election is over. I wonder if he did.

SmellyFed
11-01-2005, 10:21 AM
Interesting article.

Kerry mortgaged his house because he wanted to. He wanted the publicity of it all. Paying off the loan was never really a problem.

Teenager
11-01-2005, 10:45 AM
Sounds like John Kerry got a clean pass for a butt wipe from the media.
:djd:

CzechPrince
11-01-2005, 11:20 AM
And he lost anyway, sucker.

queue
11-01-2005, 12:53 PM
I do not know when of if Kerry paid off that loan but here are some news articles.

CNN article about Kerry getting the loan. (http://www.cnn.com/2003/ALLPOLITICS/12/24/elec04.prez.kerry.funding/)
USATODAY article about the loan. (http://www.usatoday.com/news/politicselections/nation/primariescaucus/2004-02-08-kerry-loan_x.htm)
Boston Globe article about possibly paying the loan. (http://www.boston.com/news/politics/money/articles/2004/07/20/kerry_set_to_disburse_millions_get_us_funds/)
New York Times article about possibly paying loan. (http://www.nytimes.com/2004/06/30/politics/campaign/30loan.html?ex=1246334400&en=d2d1d4fd7155f862&ei=5090&partner=rssuserland)

SmellyFed
11-01-2005, 01:06 PM
Wyatt, here's an interesting tidbit:

John Kerry, 2004 Presidential Race
Total Receipts: $326,236,288
Total Spent: $310,013,730
Cash on Hand: $16,222,557
Debts: $4,438,705
Date of last report: December 31, 2004

http://www.opensecrets.org/presidential/summary.asp?ID=N00000245

Wyatt_Junker
11-01-2005, 04:16 PM
Wyatt, here's an interesting tidbit:

John Kerry, 2004 Presidential Race
Total Receipts: $326,236,288
Total Spent: $310,013,730
Cash on Hand: $16,222,557
Debts: $4,438,705
Date of last report: December 31, 2004

http://www.opensecrets.org/presidential/summary.asp?ID=N00000245

Sounds like he had enough clearance over the treeline.

DesertFox
11-02-2005, 07:39 AM
He went around and got $5 and $10 loans from all his friends in Vietnam. You know, the ones on bicycles in them black frisbee hats and silk pajama outfits.

ErikTheRed
11-02-2005, 04:27 PM
Hey! That's about where I am on my finances! :rolleyes: Money has nothing to do with having class.