Tom Emmer’s Mortgage Mystery

DFL Chair Brian Melendez brings to light Representative Tom Emmer’s history of mortgages Thursday at a Capitol press conference. Melendez says public records show Emmer, who is running for Governor of Minnesota, has taken out many mortgages on his home. Melendez says Emmer should release his tax returns as DFL candidate for Governor Mark Dayton has to show why he has to borrow so much money. Melendez asks, why would a bank lend Emmer twice as much money as the house is worth?

Melendez’ handout was titled : “Tom Emmer’s Mortgage History”, but upon reflection, I think “Tom Emmer’s Mortgage Mystery” would have been better. I wish I could explain it to you, or even myself. Is there fraud here? Does a bank officer move to another bank, and OK questionable loans? I can’t answer these questions, and I sought the answer with bankers and loan officers today, and they didn’t want to speak, even off the record.

One realtor suspected “fraud, when you get a loan for twice the value of a house”. But we don’t know.

Emmer, has called for everyone to take their budget plans to the Department of Revenue for “certification”.  Emmer has called for Horner to release his client list. Dayton has already released his taxes. But, there is just a gapping question when it comes to these seven mortgages.

In thinking about it today, I recalled the poetry of Donald Rumsfeld :

The Unknown
As we know,
There are known knowns.
There are things we know we know.
We also know
There are known unknowns.
That is to say
We know there are some things
We do not know.
But there are also unknown unknowns,
The ones we don’t know
We don’t know.
—Feb. 12, 2002, Department of Defense news briefing

A reporter asks, wasn’t this in the Blogosphere already, and they were probably referring to Bluestemprairie’s article here

Related Links:
DFL Document handed to reporters

DFL on GOP Candidate Tom Emmer’s Finances – Live Blog
DFL on GOP Candidate Tom Emmer’s Finances – Live Blog in a pop up window


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