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Kerry Mortgages Boston Home for Campaign
AP ^
| December 24, 2003
| AP
Posted on 12/24/2003 1:43:12 PM PST by Brilliant
WASHINGTON - Sen. John Kerry has lent his campaign for the Democratic presidential nomination more than $6 million secured through a mortgage on his family's Boston home, his campaign said Thursday.
Kerry, a Massachusetts senator, already had lent his campaign $850,000 to become the first candidate in the 2004 race to turn to his own fortune. The Kerry campaign has declined to disclose the value of the Beacon Hill house or the extent of the senator's wealth, except to say that he had several millions of dollars at his disposal.
Under federal campaign law, Kerry cannot take the money from his wife, Teresa Heinz Kerry, an heir to the multimillion-dollar Heinz food fortune. She can give no more than $2,000, the limit applied to campaign donors. He is allowed to tap the full value of any property solely in his name and half the value of property he co-owns.
Kerry and rival Howard Dean are the only Democrats who have declined to take federal funds for their campaigns. President Bush also has decided to forego federal funding.
Kerry campaign spokesman Michael Meehan said Thursday the mortgage-based loan shows Kerry's personal commitment to the race for the nomination.
Past presidential candidates who spent millions of their own money on their campaigns include Republican Steve Forbes and Reform Party candidate Ross Perot.
TOPICS: Politics/Elections
KEYWORDS: bush; campaign; election; johnkerry; kerry
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This is conclusive proof that Kerry does not know how to handle money.
1
posted on
12/24/2003 1:43:13 PM PST
by
Brilliant
To: Brilliant
Paul Wellstone will get elected president before Kerry ever does.
To: Brilliant
---and that his wife is smarter with hers then he with his--
To: Brilliant
How many hoops will he have to jump through before Teresa pays off the mortgage?
4
posted on
12/24/2003 1:47:30 PM PST
by
Cicero
(Marcus Tullius)
To: Cicero
That's a lot of carrying out the trash.
5
posted on
12/24/2003 1:48:34 PM PST
by
Brilliant
To: Brilliant
And his wife will pay off the mortgage, when it comes due, with ketchup notes, and write the interest off as a tax deduction.
6
posted on
12/24/2003 1:54:18 PM PST
by
chainsaw
To: Brilliant
Why is it that when the wife has the money, the husband can't touch it but when the husband has the money, it's considered just as much the wife's money as his own?
7
posted on
12/24/2003 1:56:21 PM PST
by
SamAdams76
(Merry Christmas!)
To: SamAdams76
Women's Liberation.
8
posted on
12/24/2003 1:59:36 PM PST
by
xrp
To: SamAdams76
Gee, you sound a little bitter Sam.
9
posted on
12/24/2003 2:00:35 PM PST
by
billorites
(freepo ergo sum)
To: Brilliant
Under federal campaign law, Kerry cannot take the money from his wife, Teresa Heinz Kerry, an heir to the multimillion-dollar Heinz food fortune. What the? Since when do RATS obey campaign finance laws? This guy doesn't stand a chance.
To: Brilliant
I remember when J.R. Ewing mortgaged Southfork, in order to finance an underhanded business deal.
If John F'n Kerry wants it this bad, he doesn't need to be in there.
11
posted on
12/24/2003 2:09:47 PM PST
by
Paul Atreides
(Is it really so difficult to post the entire article?)
To: Brilliant
Teresa Heinz Kerry..."stay away from my pickle money."
To: Paul Atreides
Was he married to Sue Ellen then?
To: nuconvert
Yep. That was before their first divorce.
14
posted on
12/24/2003 2:12:49 PM PST
by
Paul Atreides
(Is it really so difficult to post the entire article?)
To: Brilliant
He probably called Ditech.com.....
15
posted on
12/24/2003 2:13:51 PM PST
by
clintonh8r
(You know that KoolAid the RATs have been drinking? Well, I'm the guy who's been pissing in it.)
To: nuconvert
Teresa Heinz Kerry..."stay away from my pickle money...""...and, keep your pickle away from me!"
16
posted on
12/24/2003 2:13:57 PM PST
by
Paul Atreides
(Is it really so difficult to post the entire article?)
To: Paul Atreides
LOL!!
To: clintonh8r
Funny, I thought Dimocrats were supposed to be the poor party of the comman man. Isn't it only Republicans who are supposed to be this wealthy?
18
posted on
12/24/2003 2:17:26 PM PST
by
Paul Atreides
(Is it really so difficult to post the entire article?)
To: Texas Eagle
I wonder if he'll hock those Vietnam medals. You did know that he was in Vietnam, didn't you?
19
posted on
12/24/2003 2:18:22 PM PST
by
Paul Atreides
(Is it really so difficult to post the entire article?)
To: Brilliant
Jean F. Cheri made history by posting America's first ever French Morgage to finance a shtinking (and sinking) presidential campaign!!!
20
posted on
12/24/2003 2:20:53 PM PST
by
goldstategop
(In Memory Of A Dearly Beloved Friend Who Lives On In My Heart Forever)
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