Bessent, Like Fed Governor, Made Contradictory Mortgage Pledges
September 17, 2025
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27:23Instant Reaction: Jay Powell on the Fed Decision | Bloomberg Businessweek
7:38Now PlayingBessent, Like Fed Governor, Made Contradictory Mortgage Pledges
YouTube Description
as posted by the channelUS Treasury Secretary Scott Bessent once agreed to occupy two different houses as his “principal residence” at the same time, mortgage documents show — the same kind of contradictory pledges that President Donald Trump has been using to try to oust Federal Reserve Governor Lisa Cook. Bessent’s conflicting agreements obligated him to occupy homes in New York and Massachusetts as his main residence at the same time in 2007. But there’s no sign of any wrongdoing on his part, mortgage experts say. Rather, his case demonstrates that an incongruity in home-loan filings isn’t necessarily proof of fraud. Bloomberg News Reporter Zach Mider joins Bloomberg Businessweek Daily to discuss.
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