New calls for Congressional subpoenas over $200,000 loan to politician's family

[KCfromNC]

James Comer under increasing pressure over loans to his brother

The Republican has been accused of doing the same thing he accuses the president of.

www.newsweek.com

Citing Kentucky property records, the publication reported that Comer and his brother have engaged in land swaps related to their family farming business and that one loan was for $200,000 and involved a shell company.​

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Given how bad we all know loans to family and shell companies are, I'm sure there will be widespread GOP support for a Congressional investigation into these sorts of shady deals.

 

[eleos1954]

James Comer under increasing pressure over loans to his brother

The Republican has been accused of doing the same thing he accuses the president of.

www.newsweek.com

Citing Kentucky property records, the publication reported that Comer and his brother have engaged in land swaps related to their family farming business and that one loan was for $200,000 and involved a shell company.​

​

Given how bad we all know loans to family and shell companies are, I'm sure there will be widespread GOP support for a Congressional investigation into these sorts of shady deals.

There is nothing wrong (bad) with giving loans to family and/or LLCs. It's more about where the "income" came from in the first place.

 

[KCfromNC]

There is nothing wrong (bad) with giving loans to family and/or LLCs. It's more about where the "income" came from in the first place.

Sounds like we do need investigations to find out where this money came from.

 

[DaisyDay]

How come Comer and his family have shell corporations? Loans between family members, must be money laundering!

 

[eleos1954]

Sounds like we do need investigations to find out where this money came from.

Yep that's what has to happen

 

[Pommer]

Yep that's what has to happen

This could explain why Comer is such an expert in people using shell companies to transfer monies?

 

[ThatRobGuy]

Digging deep into the financial dealings of members of the congress/senate/white house could lead to a lot of people losing their jobs...

Having said that, we're all for it, right? lol

House Reps and Senators have a higher salary, better benefits and all kinds of special donor "perks" that most Americans will never attain. The fact that so many of them (who never worked in the private sector to any significant degree before) end up with net worths that outpace that of what even your average $179k/year earner would accumulate in a matter of a decade should be raising more eyebrows than what it does.

If $179k/year, free healthcare, and all kinds of perks + a guaranteed job in the private sector once they're done isn't good enough...then toss them out and get someone else in there.

 

[CRAZY_CAT_WOMAN]

It's seems like a never ending circus in the GOP/ politics world. Personally, I would rather them give the money, that's use for all the waisted investigation, to programs for our children future.

 

[ThatRobGuy]

It's seems like a never ending circus in the GOP/ politics world. Personally, I would rather them give the money, that's use for all the waisted investigation, to programs for our children future.

Certain principled endeavors are worth it even if it ends up costing more than just "giving them the money".

A) Because it sets up a bad incentive structure. "As long as my financial shenanigans are for a sum that's less that what it would cost to investigate it and take action" isn't a sentiment I want to reinforce with that ilk.

B) Absent a deterring factor, as more people start playing loose & fast with those rules, a bunch of smaller numbers end up turning into a big number when added up.


We've seen how the "it's cheaper and less administrative hassle just to let it slide" mentality plays out.

Does it cost a city more to make an arrest, set a court take, and use a judge's and police dept's time when someone steals a $99 pair of earbuds?... Obviously.

Does it cost the IRS more to research and audit someone who's trying to grift an extra $800 on their refund?... Obviously.

However, when that sentiment "it's cheaper to let it go" turns into policy, that's when you get the influx of bad people getting a little too comfortable with the emboldened position of "I'll do this bad thing, I'll just keep it under a certain dollar amount...and they'll let it slide"