“2004 was a year flush with success for the Obamas: the autobiographical book sales increased; the DNC speech had been well received; Obama won his US Senate seat; and Michelle received a recent promotion to a $316,962-a-year position as Vice President at The University of Chicago Hospitals. Their income was over 1.67 million dollars, with anticipation of even greater gains ahead.”
I understand a lot of this article sounds sleazy/corrupt, but if their income was 1.7 million, they easily qualify for a 1.3 million loan. Flame away.
The allegation is not that they received a mortgage improperly. Obama has explicitly said that they could not afford to buy both the house and lot at the time and therefore could buy only the house side.
Excellent point.