Wed 9 Jul 2008
Obama Joins Growing List of Mortgage “Sweetheart Senators”
Posted by DC Republican under UncategorizedWashington, DC - The scandal surrounding the Dodd-Countrywide mortgage bailout bill continues to grow, as news surfaced that Barack Obama received a suspicious deal on a home mortgage in 2005 from Northern Trust in Illinois. The massive $1.32 million loan, nicknamed a “super super jumbo” loan by mortgage lenders, allows Senator Obama to pay preferential, below market rates on his six-bedroom, four-car garage, home that includes a wine cellar and a solarium. This is the same controversial home Senator Obama bought with the help of a sweetheart land deal with convicted felon and political insider Tony Rezko.
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