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”.