You gotta laugh at this. Apparently, Mr. Cohen didn’t have terribly deep conversations with Sean. And it wouldn’t be surprising if Mr. Hannity’s real estate attorney doesn’t have in-depth knowledge of the securitization scheme… because Sean’s comment, “I hate the stock market. I prefer real estate” demonstrates the naivety most of the public has about the housing market. If Hannity didn’t pay all cash and buy properties outright and perform full & detailed title search on each and every property – chances are he’s still in the stock market. That’s what mortgages are – stock/securities transactions. Not to mention the fact that half the time these banks don’t know exactly where and what they have rehypothecated. Refer to: https://deadlyclear.wordpress.com/2015/01/18/rehypothecation-distorting-legal-principles-by-risking-mortgage-loans-nemo-dat/
Fox News host who said Trump’s fixer ‘knows real estate’ has a portfolio that includes support from Department of Housing and Urban Development, a fact he did not mention when interviewing secretary Ben Carson last year
When Sean Hannity was named in court this week as a client of Donald Trump’s embattled legal fixer Michael Cohen, the Fox News host insisted their discussions had been limited to the subject of buying property.
“I’ve said many times on my radio show: I hate the stock market, I prefer real estate. Michael knows real estate,” Hannity said on television, a few hours after the dramatic hearing in Manhattan, where Cohen is under criminal investigation.
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