Corruption: Obama Received Discount Mortgage Loan

Monday, February 9, 2009

Judicial Watch has found that in 2005 Obama received a home loan of $1.32 million from Northern Trust at a rate of 5.625%. The average rate for that day was 5.93% to 6%. It was secured without an origination fee or discount points. This saved Obama $300 a month for a total of $108,000, according to the Washington Post.

The FEC dismissed a compalint from Judicial Watch on the basis that Northern Trust gave others of similar power discounts.

The rich get richer and the poor get poorer!


Mortgage is the root of our economic crisis.So it is really important to be updated.Government should really prioritize this issue..

Post a Comment


Save the Constitution

Declaration of Liberty

In memory of our God, our Nation, our Religions, our Freedom, our Peace, our Families and our Fallen Dead;

WE THE PEOPLE declare that We will Never Yield to those who would place us in bondage. We will live for the Constitution and we will die for the Constitution, for we know that it was inspired of God for all of his Children.
Copyright © 2009-2010 Good Sense, All Rights Reserved.

Articles, quotes, comments, and images are the exclusive property of their respective authors, who own all rights to their use. Articles do not necessarily represent the views of Good Sense or its contributers. All copyrighted materials appearing on this site and not derived by contributing authors are protected by and used according to “Fair Use” as described in sections 107 through 118 of the U.S. Copyright Act (title 17, U. S. Code).