Kavanaugh's financials

[Nevilledog]

Last edited Sun Sep 23, 2018, 11:54 AM - Edit history (1)

I just can't wrap my head around what Kavanaugh's disclosed financials mean. They raise so many questions:

1. Are we missing info about investments?. Does he have money in the market? Real estate? Anything?

2. He is heavily in debt due to an almost million dollar home mortgage. Only has 91k in the bank. Managed to pay off 200k in credit card debt out of the blue. What were his charging habits?. Where's proof that the debt was incurred by purchasing baseball tickets?. How many cash advances did he get?

3. Does his wife come from money? Is she providing the funds that enable their lifestyle (1.2 million dollar house, expensive private school tuition for their spawn). If so, why did he incur enormous credit card debt racking up interest?

4. Did he inherit money?. Is he a trust fund baby?. How did his family pay for his enrollment in elite and expensive schools?

5. Looks like most, if not all, of his employment has been government related. We all know those jobs are not highly paid. Where's the support for his lifestyle?


There's something really wrong here based on what we're being told.


Edit to add:
How in depth does the FBI go into someone's finances on a background check?. Do they actually investigate to verify or do they just draw a little red flag next to the items of concern?

[Nevilledog]

3. I'm confused.

My understanding was that Kavanaugh's mother was the judge handling the aborted foreclosure against Ford's parents, not the financial institute, and that she ultimately dismissed the case. How does that relate to the finances of Kavanaugh's family?

[The Velveteen Ocelot]

4. I got it ass-backwards. Haven't had enough coffee yet.

[Nevilledog]

5. Ha!

I was gonna use that as my excuse if I misunderstood.

[milestogo]

26. I think that was fake news.

[Scurrilous]

2. K&R

[pangaia]

6. The guy is a chicken shit, right-wing, gangster's lackey.

[Hortensis]

44. Or they're sloppy with their money. He wasn't exactly

low-pay on the Ken Starr investigation, in W's White House, as a Republican party operative on various projects, or as an appellate court judge for god's sake.

Plus, for some time now housing prices have skyrocketed specifically because of outrageously low interest rates. What pair of well established professionals in DC couldn't afford the mortgage on a $1M house in this era? That would be strange.

We have plenty of real dirt on him. Lol. To me that "right-wing" alone is a devastating charge given what they've come to these days.

[Grasswire2]

7. BLACKMAILABLE

That's the critical aspect of this. He was/is blackmailable. A SCOTUS justice.

But wait........maybe this has something to do with Justice Kennedy's son??!!

[SayItLoud]

15. I certainly agree with your thinking. It just doesn't make sense how

this all came about and the strings that lead to the Kennedy son, tRUMP and the bank.

[Grasswire2]

16. Enterprising reporters need to follow this -- what are the connections the banker son..

...had who would want to own a Justice? I can't remember who that son was doing business with. Something is very dirty here.

[Samspadesnark]

8. In connection with Kavanaugh's questionable finances,

We should also be asking the question: WHY was a domain name registered for him over a year before his nomination and what were his connections to that, WHO paid $29 million into the PAC that is promoting him, what was the original source of that money (including by country, cough), WHY are they making this epic-scale investment in him, WHAT do they expect to get as a return on their investment, and what are his personal connections to the people running/funding this PAC?? The same questions should be asked with respect to the PR agencies that are promoting him, including whether and to what extent he is coordinating with and directing their efforts.

Both financially and morally speaking, Kavanaugh appears to be a highly compromised person (and there are over 100,000 pages of non-privileged documents pertaining to him and/or written by him that republicans still refuse to disclose), thus greatly increasing his potential for a complete lack of judicial independence, and a beholden state to his benefactors. I assume he wishes to continue his lavish lifestyle; who will finance it then?

I think what we have seen so far is merely the tip of the iceberg. In a world of complete disclosure, Dr. Christine Blasey-Ford might be the least of Kavanaugh's worries.

[dalton99a]

9. +1. Kavanaugh sure seems to have a lot to hide

[True Blue American]

22. Yes,and I

Think that is the big problem here. He has skated through but there is plenty to uncover no one has checked yet.

I do not think the media is doing what they should either. All they do is sensationalize the wrong things.

[CanonRay]

10. "In a world of complete disclosure..."

I'd like to live in that world. Where is it?

[erronis]

17. Good observations and questions that should be asked and answered barring Grassley and his gavel.

[Grasswire2]

18. Agreed.

And Justice Kennedy's son may be part of the key here.

[TheBlackAdder]

11. Normally can't finance a home mortgage that's more than 3 times your income. He made $320K per year?

.

Supposedly, he put down over $250K and financed $980K. How?

.

[Nevilledog]

12. Exactly.

And the monthly mortgage must be huge....... Yet he was still able to pay off 200k in credit card debt. How long did that debt exist?. How would a bank overlook that type of debt in deciding whether or not to give someone an almost million dollar mortgage?

[True Blue American]

23. Who gave

The mortgage? That could expose a lot.

[Nevilledog]

24. Please be Deutsche Bank. Oh please, oh please.

Or does the Bank of Cyprus handle mortgages?

[True Blue American]

28. He did not inherit either

His parents sat behind him.

https://heavy.com/news/2018/09/martha-kavanaugh-brett-mother-mom/

[whopis01]

50. That's not correct for a couple reasons

For most mortgages (conforming loans) there is a limit of a 36% debt to income ratio. But that is based on the monthly debt payment to monthly income. It really has nothing to do with the total amount of the loan.

Obviously it does limit the total possible amount, but you have to take interest rate and other factors into account t.

With an annual income of $320k, you could easily have the payment on a $980k loan be leas than 36% of your income.

But the maximum amount for a conforming loan is $424,100. So his loan would have to be jumbo mortgage instead. Since those will never be backed by Fannie Mae/Freddie Mac, the lender doesn’t have to follow those rules at all.

[TheBlackAdder]

51. He doesn't make $320K though. It's somewhere south of $200K.

[whopis01]

52. I misunderstood what you posted. It doesn't change much though.

Say he made $200k a year. That’s a monthly income of $16.6k. You could get a loan for $980k with an interest rate of 4.5% and have the monthly payment be just shy of $5k. That would give you a debt to income ratio of 30%.

An income of $170k would work at that rate.

(I pulled the 4.5% from Wells Fargo’s current rates for a 30 year jumbo loan)

[DFW]

13. Quite a logical explanation, in all likelihood

He's a flawed Republican in a position to make decisions that will greatly enhance the finances of rich Republicans if he gets on the Supreme Court. It shouldn't come as a surprise that people like that, when they incur debts that would swamp a normal mortal, sometimes see their debts vanish in a puff of smoke (or Koch, which is probably more accurate), in exchange for verbal promises of favorable decisions.

[Nevilledog]

14. We should just call him Bribable Brett.

[DFW]

30. When the microphones are all turned off and stored away

I'm sure even McConnell calls him something similar

[Nevilledog]

34. It's too bad hypocrisy doesn't have a visible effect.

You know, some hideous physical manifestation when you're a hypocrite...... Something like you'd look like a turtle.........oh, wait...

[DFW]

53. The only thing that is missing:

A sign on his back saying "Call me Yertle"

[SergeStorms]

19. There is something fishy about his financials.

I agree 100%. We've actually been told so little about this guy, yet we're supposed to give him a lifetime appointment to the highest court in the land on Republican's say-so? I don't think so!

[Ilsa]

20. Wasn't his mother a judge?

I suspect some of his money may be from inheritance. No word about his wife's financials.

[Nevilledog]

21. That's the point.... We shouldn't have to "suspect".

We should have documentation, some proof.

[True Blue American]

25. Truth on his Mother

I have yet to find if is parents are dead for him to inherit. Her parents still live in the house.

Crap, no they sat behind him. My bad.

https://heavy.com/news/2018/09/martha-kavanaugh-brett-mother-mom/

https://www.factcheck.org/2018/09/false-claims-about-kavanaughs-mom-and-foreclosure/

[bucolic_frolic]

27. Republican finances are hidden because they want it that way

Democrat's finances are stolen via email and posted publicly

This is called fair and balanced

[question everything]

29. And, of course, will lose a lot from the new "tax reform" law

that sharply reduced the amount that one can itemize on mortgage interest and property tax.

[Izzy Blue]

31. Makes sense that the Heritage Foundation and/or Tony Perkin's Family Reserch Council

imo, Would have gladly paid off Kavanaugh's debts to get him on the SCOTUS.

Why ask for or use family's money when these groups have millions to invest in their chosen ones?
Whatever organizations did the research and gave Trump a list of suggested nominees are suspect.


" Many Mysteries of Brett Kavanaugh’s Finances"

"Who made the down payment on his house? How did he come up with $92,000 in country club fees?"

Stephanie MencimerSeptember 13, 2018 2:25 PM

https://www.motherjones.com/politics/2018/09/the-many-mysteries-of-brett-kavanaughs-finances/

[Nevilledog]

35. Totally forgot about the country club fees.... That's almost a third of his yearly salary.

[Ccarmona]

32. Why Did He Avoid Answering the Financial Questions on his Written Response

To the Senators? He’s hiding something that probably could be answered in the reams of documents not submitted to the Senate Judiciary Committee. This nomination smells like week old unrefrigerated fish.

[Nevilledog]

36. Maybe a stupid question...

Do the committee members/senate get to see the written background checks?

[Achilleaze]

33. k and r

[eppur_se_muova]

37. I can't remember seeing anything about his finances on any of the MSNBC shows.

Did I miss it ?

[gibraltar72]

38. He has Bill Bennetts disease.

[smirkymonkey]

39. To me, his finances are the bigger story because they are so easily investigatable and will mark him

as a huge risk if found that he is corrupt. The rape charge is very serious and should disqualify him automatically, but I don't think nearly enough attention is being focused on his shady financial past. Time for someone to open that up.

[Hermit-The-Prog]

42. not sensational enough for M$M

There are several smoking guns in this thread alone, but TV (and its audience) needs more sensationalism. The news of the assault and attempted rape -may- slow down the sham long enough for the dark and shady finances to percolate up the news cycle.

Do any of the money trails lead back to Russia? What are the Republicans hiding from we the people?

Hang on, Dr. Christine Blasely Ford. It's not fair to you, but we need you.

[True Blue American]

40. Here is seom of them, but no explanation.

https://www.motherjones.com/politics/2018/09/the-many-mysteries-of-brett-kavanaughs-finances/

[donkeypoofed]

41. We need Ronan Farrow on this !

He'd find out !! But alas, I think he's working on another huge story. Darn.

[Nevilledog]

43. Just want to ask again

Does anyone know if the FBI background checks are supplied to the Senate or do they just have to go on the WH's word that they were okay?

[KWR65]

45. The 200k credit card debt was from buying season tickets for friends

He was reimbursed by his friends and then he paid off the CC debt. This was verified by the SJC.

[Nevilledog]

47. That's not really proof for me.

Who has friends that'll let you burden yourself with 200k for baseball tickets?. How long did he carry the balance?. Who paid the interest?. If it was so easy for them to pay him back why didn't they give him the money up front?. What is this so called verification from the SJC?. Who saw this so called verification?

[KWR65]

48. Contact the Senate Judicial Committee for a copy of their records.

[Nevilledog]

49. Nice.

[clementine613]

46. He's a Rethug. He probably stole the money.

n/t