Change We Can Believe In … Judicial Watch files Complaint with FEC over Obama’s Discounted Mortgage with Northern Trust


More Change that We Can Believe In … Sounds like the same old political song and dance.

The Hill is reporting that Judicial Watch has filed a complaint with the Federal Election Commission (FEC) and the Senate Ethics Committee against Democratic Presidential candidate Sen. Barack Obama over a discounted mortgage that he received from Northern Trust. Isn’t this what Obama supposedly rails against, the preferential and special treatment of politicians? Did Obama get a Countrywide-like sweet heart mortgage deal that John Q. Public would never have been provided?

Judicial Watch, a conservative legal watchdog group, filed the report after The Washington Post reported that Obama received a discount on a mortgage for a Chicago home valued at $1.65 million. The complaints said the Illinois senator received a loan at the interest rate of 5.625 percent, which Judicial Watch says is lower than the standard rate of between 5.93 and 6 percent indicated by surveys.

The complaint asks the Senate Ethics Committee to investigate whether the favorable rates constitute a prohibited “gift” under Senate rules.

Oh, and by the way he complaint also notes that Northern Trust employees have given $71,000 in donations to Obama’s campaigns. Hmm … There is some change we can believe in.

As Red State points out … “According to Judicial Watch, Northern Trust Vice President John O’Connell essentially admitted the company provided Obama preferential loan terms because of his position in the U.S. Senate”.

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  • Comments

    3 Responses to “Change We Can Believe In … Judicial Watch files Complaint with FEC over Obama’s Discounted Mortgage with Northern Trust”

    1. dennisintn on July 10th, 2008 12:17 pm

      “do as i say do, not as i do”. I’m special and deserving, you’re not”. “all the other pols are doing it, why shouldn’t i?”

      what is it that obama says makes him different from all the other politicians?

    2. yoyo muffintop on July 10th, 2008 8:32 pm

      Is SM kidding? What a silly non-issue.
      The point of the story seems to be that Obama locked in an interest rate that was below the average charged on similar loans. You might do well to point out that half of similar loans were at interest rates less than the average. Hello?

      I guess common sense gets thrown out the window in attempts to smear.

      Funny how we never saw the story about McCain defaulting on property taxes for 4 years.

      Clearly it’s a race to the bottom and clearly this is a case of “dramatize anything and everything to satisfy our Republican reader”.

    3. brenda on July 11th, 2008 6:54 am

      I am convinced the “change” Obamanation speaks of is what we will have left in our pockets if he gets into the White House…CHANGE!

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