Ludlow condo among holdings of company linked to Sean Hannity
24 April, 2018, 05:53 | Author: Sheri Evans
He was presumably referring to the Washington Post report this week looking into not just the relationship between the President and the Fox News host, but "the frequency of Hannity's contact with Trump". Reportedly, while he publically ridiculed Obama for failing to take action on the US housing crisis, he privately took advantage of Obama-era policies to buy up over 870 homes throughout seven states worth about $90 million. The properties range from luxurious mansions to rentals for low-income families.
I used another quote from The Guardian in the recent Spuds Hannity comic.
Some of the most expensive properties are two holdings in Georgia, which were purchased for $22.7 million, using money from HUD.
"He also declined to note his financial interest when he hosted Carson on Fox News last June for a discussion about Hud and housing", Swaine wrote.
Hannity, whose salary from Fox News is estimated by Forbes to be $36 million annually, acknowledged in his statement that he received loans from HUD to invest in properties during President Barack Obama's administration. Hannity responded by arguing that he had solicited Cohen's legal advice nearly "exclusively" on real estate. Hannity has acquired hundreds of properties, using shell companies, across the USA over the last decade.
"I've said many time on my radio show: I hate the stock market", Hannity said on television.
Spokespeople for HUD and Fox News declined to comment to the Guardian.
Journalists, as part of a code of ethics, are expected to recuse themselves from reporting on a subject that involves a personal connection or, at the least, disclose those connections. The shell companies formed in Georgia reportedly purchased properties in Alabama, Florida, Georgia, New York, North Carolina, Texas and Vermont. "The fact is, there are investments that I do not individually select, control, or know the details about; except that obviously I believe in putting my money to work in communities that otherwise struggle to receive such support", he said.
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