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Posted by: spkguy 1 year, 5 months ago

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spkguy1 year, 5 months ago

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--Obama had just gotten a $2.27 million book deal from Random House -- about $1 million more than the value of the mortgage.
--The Obamas each had exceptionally secure jobs that paid them a combined annual salary of about $500,000 per year.
--The Obamas had just sold their condo, on which they had realized a $137,500 profit.
--The Obamas were prominent public figures whose political futures depended in part on maintaining a reputation for responsibility and trustworthiness.
--The Obamas are known to be relatively thrifty and have no credit card debt but substantial savings.
...I would think that the Obamas were exceptionally creditworthy. So indeed, Obama received a "discount" -- the same discount that any borrower in his position would have received.

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  pc251 year, 5 months ago
  
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  off course it's a non story........interesting though that AFTER he got the sweetheart loan he steered 3 million into Northern Trust
  competition for business how the Obama camp describes that........
  and that 3 Million was from where......campaign funds????
  "...I would think that the Obamas were exceptionally creditworthy. So indeed, Obama received a "discount" -- the same discount that any borrower in his position would have received."
  yeah any home owner that would steer 3 million to be invested through Northern Trust........
  From LibsRFunny
  "Since," as in, AFTER he got the sweetheart loan. That's what's called a quid pro quo! that is the HEART of corruption.
  I can't believe they were dumb enough to actually admit to a quid pro quo. Makes you wonder what the quid pro quo was for Obama's deal with Rezko.
  
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