Real Story Behind Russiagate Subpoenas, 50-Year Mortgage Backlash, Letitia Drama： AM Update 11⧸12
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Summary
A slew of new subpoenas targeting high-ranking Obama administration officials is suggesting the investigation into the origins of the Russia collusion hoax could be heating up. All that and more coming up in a moment on Your AM Update with Megan Kelly ( )!
Transcript
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It's Wednesday, November 12th, 2025, and this is your AM Update.
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There's probably much more evidence that was never considered before.
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A slew of new subpoenas targeting high-ranking Obama administration officials,
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suggesting the investigation into the origins of the Russia collusion hoax could be heating up.
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You won't own your home until you're in your 80s.
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President Trump pitches a 50-year mortgage, and many in MAGA do not like it.
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Mr. Trump delivers remarks commemorating Veterans Day at Arlington National Cemetery,
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and a wild new report on the shenanigans at New York Attorney General Letitia James'
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Virginia properties occupied by her troubled relatives.
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All that and more coming up in just a moment on your AM Update.
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Last week, a federal grand jury out of the Southern District of Florida reportedly subpoenaing former CIA Director John Brennan
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and former FBI officials Peter Strzok and Lisa Page.
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Fox News reporting as many as 30 subpoenas are expected to be issued to high-level officials in connection with the ongoing investigation into the origins of the so-called Russia collusion hoax.
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The New York Times reporting earlier this week, former Director of National Intelligence under President Obama, James Clapper, one of those subpoenaed.
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MSNBC reporting, quote, the subpoenas request documents, including emails and texts, related to the intelligence community assessment about Russian interference in the 2016 election.
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The relevant dates are between July 1st, 2016 and February 28th, 2017.
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That timeframe including the last six months of the Obama administration into the early months of Trump 1.0,
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covering the period of time in which outgoing President Obama reportedly ordered the intelligence community
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to compose a new Intelligence Community Assessment, or ICA, on Russian interference in the 2016 election.
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Director of National Intelligence Tulsi Gabbard and CIA Director John Ratcliffe, making documents public over the summer,
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showing that ICA did not adhere to intelligence community standards in its determination that Russia, quote,
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aspired to help Mr. Trump's chances of victory.
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For example, a declassified House Intel Committee report found that CIA Director Brennan, under Obama,
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overruled two senior CIA officers who objected to any reference to the now discredited Clinton-funded Steele dossier in the ICA.
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When confronted about the Steele dossier's many flaws, Brennan said,
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yes, but doesn't it ring true, according to the report?
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the people targeted by the subpoenas are seen as part of the conspiracy that peddled claims
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President Trump's campaign colluded with the Russian government ahead of the 2016 election.
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We spoke with lawyer and founder of the Article 3 Project, Mike Davis,
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on the significance of these subpoenas and what could be coming next.
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I have pushed very publicly for over three years for that Fort Pierce grand jury to investigate
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all of this criminal misconduct by Obama, Biden, Hillary, the Attorney General,
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Comey, Brennan Clapper, Weissman, Jay Bratt, Jack Smith, Fannie Willis, Tish James,
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all of these lawfare Democrats who politicized and weaponized law enforcement and intel agencies
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to go after Trump, his top eights, his allies, his supporters.
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Davis, a good friend of U.S. Attorney Jason Redding-Kinones for the Southern District of Florida,
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who is overseeing the probe, on what the reported scope of the subpoenas indicates about the investigation.
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If MSNBC's reporting is accurate, that would indicate that these initial subpoenas are looking at
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the Russian collusion hoax at the end of the Obama administration, at the beginning of the Trump
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administration. And so I think that's going to be a piece of this investigation. But I think this
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investigation could be much broader than that. And I anticipate that it will be much broader than that.
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I think it's going to cover this ongoing criminal conspiracy over the last eight years.
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As far as the possible crimes the targets of the investigation may have committed,
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Davis pointing to 18 U.S.C. Section 241, Conspiracy Against Rights.
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Congress enacted the federal criminal statute of conspiracy against rights to the Civil War to take
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down the Klan. When people conspire to violate the constitutional rights of Americans,
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they are committing a very serious federal civil rights felony. The advantage to conspiracy against
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rights is it is a very broad statute. And there is an ongoing criminal conspiracy, meaning the federal
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statute of limitations of five years that generally applies to almost all federal crimes would not save
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these lawfare Democrats because the conspiracy is ongoing. Covering up a conspiracy continues the conspiracy.
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The conspiracy has not ended. It's because they're actively trying to cover it up. They're lying about it.
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The statute of limitations on criminal conspiracy expires after five years, and the reported scope of these subpoenas
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falls well outside of that limit. Davis explaining here why he believes Klanones has room to maneuver.
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The statute of limitations does not begin to toll until the conspiracy has ended. You have to disavow the conspiracy
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to end the conspiracy, and then you have five years from when the conspiracy ends to bring these federal charges
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for conspiracy against rights. But when you cover up a conspiracy, you continue the conspiracy.
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Every person who politicized and weaponized intel agencies and law enforcement to take out their
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political enemies for non-crimes could be subjected to this criminal conspiracy against rights investigation
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that apparently is being let out of the Southern District of Florida.
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Critics of these subpoenas say Russiagate has already been investigated twice, once by special counsel
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John Durham, and once by DOJ Inspector General Michael Horowitz. No high-ranking officials charged
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in the aftermath of either probe. We asked Davis about that.
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Number one, I would say to these lawfare Democrats, if there's nothing here, they have nothing to worry
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about. Number two, I would say to these lawfare Democrats, Kash Patel and Dan Bongino working with
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Senator Chuck Grassley just found very damning records in burn bags and a skiff at the FBI. So they just
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discovered that new evidence that was never considered before. And there's probably much
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more evidence that was never considered before. These investigations in the past were not taken
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seriously enough. And that's obvious by the fact that they found these records in burn bags that
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are so damning. Time will tell. Coming up, President Trump delivering remarks commemorating Veterans Day
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at Arlington National Cemetery. And a scandalous report about repeated police activity
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at two homes owned by New York Attorney General, no one is above the law, Tish James.
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President Trump igniting a new debate relating to the housing crisis. Posting a graphic to Truth
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Social Saturday headlined, quote, Great American Presidents, featuring an image of FDR with the
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captioned 30-year mortgage and an image of President Trump captioned 50-year mortgage. The idea facing
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swift backlash from the MAGA base. The recently released National Association of Realtors 2025
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profile revealing a startling statistic. For the first time, the median age for the first-time home
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buyer is 40. In 2010, the median age was 30. The U.S. Chamber of Commerce reporting a shortage of more
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than 4.7 million homes contributing to skyrocketing prices. Executive Director of the Ron Paul Institute
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for Peace and Prosperity, Daniel McAdams, dedicated to free market principles, describing the dire
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reality of these stats on the Ron Paul Liberty Report podcast. 40 years old is the average age.
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How devastating that is for families. Say a woman wants to settle down and get married. The man can't
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buy a house until he's 40. She's already 40 years old when she's starting a family. You know,
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it's just absolutely terrible. The man behind President Trump's 50-year mortgage pitch,
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the nation's top housing finance regulator, Bill Pulte. Pulte reportedly floating the idea as a
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means of making home buying more accessible for Americans amid an affordability crisis.
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Political reporting, White House officials are furious with Pulte for bypassing official channels
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and pitching the unvetted idea directly to President Trump, who reportedly posted the graphic
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to Truth Social just minutes after their Mar-a-Lago conversation. Mr. Trump pushed on Fox about the
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proposal shrugging off the criticism. Is that really a good idea?
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It's not even a big deal. I mean, you know, you go from 40 to 50 years and what it means is you pay,
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you pay something less from 30 that some people had a 40 and then now they have a 50. All it means is
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you pay less per month. You pay it over a longer period of time. It's not like a big factor. It might
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help a little bit. But the problem was that Biden did this. He increased the interest rates and I have a
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lousy Fed person who's going to be gone in a few months. Fox host Charles Payne on Monday,
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breaking down the math and why he believes a 50-year mortgage is not the solution to an
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affordability crisis. I do not like this idea. And again, it depends on how much the house costs
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and what. But if you just took a 4% interest rate for a 30-year, it would be $2,300. For a 50-year,
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it would be $1,900. So you're saving almost $500 a month in terms of affordability. But by the time
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you finish paying this bad boy off, the 30-year, you pay $359,000 versus a 50-year,
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almost $700,000, right? So it's just a gargantuan difference just to make people feel better.
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The administration has not announced an official policy for now.
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President Trump yesterday, flanked by Vice President and Iraq War veteran J.D. Vance and
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Veterans Affairs Secretary Doug Collins, laying a wreath at the tomb of the unknown soldier
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in Arlington National Cemetery in honor of Veterans Day. President Trump thanking the nation's
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This morning on these hallowed grounds where generations of American heroes rest in eternal
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glory, we gather to fulfill the sacred duty of every free man and woman. On Veterans Day,
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we honor those who have worn the uniform, who have borne the battle, who have stood to watch,
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whose ranks have formed the mighty wall of flesh and blood, bravery and devotion that has defended
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our freedom for 250 years. Today, to every veteran, we love our veterans, we say the words too often
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left unsaid. Thank you for your service. Thank you very much.
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As you know, today is not only Veterans Day, but it's my proclamation that we are now going
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to be saying and calling Victory Day for World War One. I was recently at an event and I saw France
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was celebrating Victory Day, but we didn't. And I saw France was celebrating another Victory Day for
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World War Two and other countries were celebrating. They were all celebrated. We're the one that won the
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wars. And I said, from now on, we're going to say Victory Day for World War One and World War Two.
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And we could do for plenty of other wars, but we'll start with those two.
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The president has previously floated the idea of renaming Veterans Day Victory Day,
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More drama on New York Attorney General Letitia James's home front.
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The New York Post exclusively reporting on a flurry of police activity at two homes in Norfolk,
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Virginia, owned by James, who famously often repeats that no one is above the law.
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James allegedly purchased the homes in 2020 and 2023. In October, a federal grand jury indicting
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James on charges of bank fraud and false statements to a financial institution relating to the home
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purchased in 2020. The DOJ alleging James illegally obtained favorable mortgage terms by representing
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that it would be her second residence used for her own personal use and enjoyment, when she instead
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used it as an investment property and let family live there. James denies any wrongdoing.
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The Post reporting that James's own behavior, not the only alleged crime committed by those who own or
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occupy the James residences in Virginia, reporting that James's criminally troubled
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grandniece, 36-year-old Nakia Thompson, moved into one of the homes with her children soon after
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closing in August 2020. The cops reportedly called to that residence 12 times, including several
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occasions in which they were called multiple times in one day. Sure, that's normal. According to the
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Post, quote, cops went out to the house for issuing warrants and subpoenas, as well as for incidents
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labeled vandalism, domestic issues, and for suspicious persons. Of the dozen total calls,
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three placed in 2020, one each from 2021 to 2023, and six in the first two weeks of October of this
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year, coinciding with news raking about the property. And it doesn't end there. The Post reports that
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Thompson is a fugitive from authorities in North Carolina for failing to finish probation related
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to charges including malicious conduct by a prisoner, assault of a government official, and resisting a
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public officer. While many fugitives attempt to lay low, the paper reporting numerous run-ins with the
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law in Virginia, including when Thompson, quote, allegedly threatened to punch her child's assistant
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principal after calling her a bald-headed bitch. James's other Virginia home, purchased in 2023,
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occupied by James's niece and her two children, also the site of repeated police activity. The Post
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reporting cops showing up nine times between April and October 2024 and once in April of this year.
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Grandniece Kayla Thompson Hairston, a resident at this property and a reported OnlyFans model,
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charged in April 2024 with lying about her criminal record when she tried to purchase a gun in Suffolk,
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Virginia. According to the Post, in August of 2020, Kayla was charged with, quote, malicious wounding,
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defined as shooting, stabbing, cutting, or wounding another person with intent to maim, disfigure,
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disable, or kill. Meanwhile, her great-aunt, Tish James, was in New York, boasting about her,
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quote, sworn duty to protect and uphold state law, end quote, promising to, quote, follow the facts of
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any case wherever they lead. These facts would have led her right to her own property and the presidents
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of a fugitive and an OnlyFans model who can't seem to keep the cops off of James's doorstep.
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And that'll do it for your AM update. I'm Megyn Kelly. Join me back here for The Megyn Kelly Show,
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live on SiriusXM's The Megyn Kelly Channel, 111 at noon east, on youtube.com slash Megyn Kelly,
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