It pains me to say this but a line of credit that has never been used and has a zero balance does not sound like something that needs to be reported. No liability to the bank has been created. Am I missing something?
Yes, that makes her a hypocrite.
She rails and demonized against the large banks including BOA for their perceived evil banking practices, yet she has the nerve to do business with him..
Her base will be very unhappy with her..
“It pains me to say this but a line of credit that has never been used and has a zero balance does not sound like something that needs to be reported. No liability to the bank has been created. Am I missing something?”
I agree with your comment, but, that isn’t actually whatnthe aide said:
“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.”
Zero balance does not mean it was never used.
I guess it means her house is worth 1.3 million? Not bad for someone just off the reservation.
> It pains me to say this but a line of credit that has never been used and has a zero balance does not sound like something that needs to be reported.
Gotta agree. Just because I have a $50,000 limit on a credit card doesn’t mean I’ll even take that card out of the drawer.
When conservatives excoriate her for the socialist tripe she is part of, the left desperately needs to be able to show how she has been unfairly criticized over irrelevant nonsense.
So get with the spirit of this thread and attack Lie-a-watha over this bogus nonsense, and quit trying to focus on her actionable misconduct.
I wonder if she burned down Bank of America buildings when she was at college?
Just asking!
That’s what I’m thinking.
If Warren wanted to take a loan out for another property the lender involved would consider her existing home equity line as a liability when calculating her debt to income ratio, even if she had a zero balance.
Other than that circumstance an unused equity line is like an unused credit card.
Exactly what I was thinking.
I’m in agreement....it’s like a lotto card worth a million but laying on the kitchen table. It’s not of value until you hand it over to the lotto people and they pay you.
Course, the question would be....how the Boston paper found out about this and if some Clinton Foundation people were behind the ‘leak’. It’s a bit strange that a Boston paper would be sniffing around someone who isn’t actively in some campaign.
Nope - folks stepping on their own genitals in an effort to be the ones "most against Leftist liars".
I suppose one could wonder if it might be used during her campaign and all, but even twits like her haven't done anything wrong until they've actually done something wrong.
The same folks who rail about how the Left (to use Rush's phrase) "condemn some one not on the facts, but the seriousness of the charge", won't hesitate to do so themselves. They then say they believe in the Constitution and its amendments to protect the People....