Mayor Daley Reflects On 20 Years In Office
CBS 2 CHICAGO ^ | 09 APRIL 2009 | CBS 2 CHICAGO
http://www.freerepublic.com/focus/f-news/2226027/posts
Mayor Richard M. Daley was in a very reflective mood Thursday. It’s been 20 years since Daley was first elected to office. He has served six terms.
Asked at a news conference if he had any thoughts on his decades as Chicago’s mayor, Daley talked at length about everything from his legacy to his relationship with the press.
The following is a transcription of his comments:
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Obama refinancing would be bad move, experts say (skirting mention of the Rezko dough)
Chicago Tribune ^ | 4-9-09 | John McCormick
http://www.freerepublic.com/focus/f-news/2226040/post
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The Obamas, however, do not need to worry about lowering their monthly expenses as much as most Americans, and their Washington housing is free. Back in Chicago, they have a mortgage locked in at 5.625 percent, compared with the current national average of about 4.87 for a standard home loan.
The Obama loan, however, is what bankers call a “super jumbo,” which is larger and often harder to finance in today’s market conditions. At the time they received the loan, the average for similar-size mortgages was estimated in the range of 5.93 percent to 6 percent, according to news reports.
Their rate, an Obama spokesman said in 2008, was because of a competing loan offer and the fact that the couple already had several million dollars deposited at Northern Trust Co. Such loan adjustments are common among lenders competing for banking and investment relationships with wealthy families.
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