Obama Joins Growing List of Mortgage “Sweetheart Senators”
Washington, 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.
read more | digg story