Posted on 07/01/2008 10:41:27 PM PDT by Kleebo151
Shortly after joining the U.S. Senate and while enjoying a surge in income, Barack Obama bought a $1.65 million restored Georgian mansion in an upscale Chicago neighborhood. To finance the purchase, he secured a $1.32 million loan from Northern Trust in Illinois. This Story
The freshman Democratic senator received a discount. He locked in an interest rate of 5.625 percent on the 30-year fixed-rate mortgage, below the average for such loans at the time in Chicago. The loan was unusually large, known in banker lingo as a "super super jumbo." Obama paid no origination fee or discount points, as some consumers do to reduce their interest rates.
Compared with the average terms offered at the time in Chicago, Obama's rate could have saved him more than $300 per month
(Excerpt) Read more at washingtonpost.com ...
****Man .. the fix was in all thru ChiTown and IL politics, the Machine’s networks and the glitterati ... this deal was set in stone before we ever heard of him. Hand picked chosen one.****
****I think you’re right about. They sure couldn’t have him living in a little townhouse, could they?****
If it is true it sure shows a lot of hubris to assume that all of the media will fall in line to help anoint the next king. This article shows that it may be folly.
The broadcast nets and the papers will bury this until they absolutely have to do a story on it.
Can you imagine if Mccain did something like this???
lol!!!
Magic.. Monster Truck.. do do do..
Speaking of that, has Obama ever been seen hanging out with former D.C. Mayor Marion Barry? [;o)
Yep, another hypocrisy committed by the Messiah. (I think the word is actually “rife” by the way, but no matter.) Unfortunately this story will probably go nowhere. Rules and ethics don’t apply to him. He is the Chosen One.
What a disgusting vermin to occupy such a nice house.
Well since you mention it, they did get a class envy dig in on McCain and his “multimillionaire” wife Cindy for being so rich that they don’t have to have mortgages.
Correct. Nobody can’t tell me that the fix has been in for this dirt bag for quite some time now. He has been groomed for this moment.
Smokes it and likes male crack too.
I dislike BHO as much as any FReeper, but I don’t think this is a big deal. He bargained for a $300 discount on a monthly payment over 10K.
Now if he would have received a 3 or 4% loan, or his income would not qualify for that large mortgage, it would be a different story.
Thats probably why he can use a teleprompter well but has trouble speaking without one. He has been groomed so much on what to say that he gets confused from lack of practice and experience in front of a live audience.
I don't know how nice that basement is, but it does seem a bit cheap. I would think the impact would be a tax liability unless he was found to be giving the guy legislative favors.
If the math works out correctly as mentioned by Kleebo151 that he saved $108,000 over the life of the loan, that is a large chunk of money that the rest of the people that do business with that lender have to make up.
Let’s hear it for THIS polling question:
Do you think Barack Obama’s “special treatment” in getting a home mortgage sweetheart deal that lowered his monthly payment by about $300 per month and his total mortgage by over $100,000 a sign that he is a corrupt, lawless, politician?
Do you think Obama’s sweetheart deal is “fair” or “right” especially in times when many Americans cannot afford their mortgages and are losing their homes....
Does this CLEAR CASE of CORRUPTION disqualify Barack Obama - or any politician - from serving in any public office, including and especially, the Presidency of the United States?
Yes
No
So what
LOL... Now THAT is how to conduct a poll! C’mon NYT, step up to the plate and knock it out of the park.
That house is FAR too big for one man, his wife, and two children.
Many poor families could live in there. I think it’s a shame that they’re being so selfish.
Huh.
To wit:
~~~
"Obama's autobiography, DREAMS FROM MY FATHER: A Story of Race and Inheritance, was first published in hardcover by Crown in 1995. Three Rivers Press (the trade paperback division of the Crown Publishing Group) reissued the book in paperback in July 2004, where it has been a New York Times bestseller for fourteen weeks with 350,000 copies in print.
The deal with Crown was initiated by Jane Dystel of Dystel & Goderich Literary Management and was negotiated and concluded by Robert B. Barnett of Williams & Connolly LLP in Washington, D.C.
Rachel Klayman, Senior Editor, was the acquiring editor at Crown.
The childrens book was acquired for Knopf by Michelle Frey, Senior Editor, from Robert B. Barnett.
The first book in Crowns two-book deal is tentatively scheduled for publication in Spring 2006 and will offer a window into the political and spiritual convictions that propelled Obama's recent U.S. Senate victory in Illinois. "I got into politics after law school because it seemed to me that the law was inadequate to the task of affecting change, says Obama.
"Politics provided a direct link to my background as a community organizer. Today, when I see the divisions in this country, when I see unfairness and injustice, when I see misunderstanding or the enormous empathy deficit that damages so much of our politics, I have to do something about it. It's a lifetime journey and it is the basis for this book."
~~~~
Rachel Klayman
David Edelstein may well be the best movie critic around these days. And he's leaving Slate for New York Magazine. Scott Rosenberg writes:
Scott Rosenberg's Links & Comment : My friend, the movie critic David Edelstein, has been writing wonderfully alive and intelligent pieces for Slate from its very beginning in 1996. That makes him a true Web old-timer. (He's also on NPR's Fresh Air.)
But today the news broke that he is leaving Slate for Adam Moss's revamped New York magazine, which will begin featuring his reviews beginning in January. Congratulations to David -- the Web's loss is New York's gain, and those of us beyond the five boroughs now have one strong reason to point our browsers to http://nymag.com..
And his spouse Rachel Klayman--who is at least as sharp-eyed and quick-witted--is backing Barack Obama for policy and profit:
***
The Telegraph - Calcutta : International : Nine years ago, Obama's memoir, Dreams From My Father: A Story of Race and Inheritance, was published to good reviews and lacklustre sales. The best estimate his publisher and agent can come up with is that it sold around 15,000 copies. But after his rousing keynote address at the [Democratic] convention [in August 2004]... the Crown Publishing Group [was] racing to ship copies of the book to stores around the country....
"What's really gratifying is that as the months have passed, we've seen him become more and more visible, with booksellers' enthusiasm rising and reaching a fever pitch after the speech," said Rachel Klayman, a senior editor at Crown....
[L]iterary agent Jane Dystel.... "The thing that struck me was his writing, which was unbelievably gorgeous," Dystel said.... [T]he young politician... caught Klayman's attention after he became the Democratic nominee in the Illinois Senate race.
Klayman broached the idea of an Obama book a few days after he won the hard-fought primary. But she also had a dim memory... discover[ed] that her own company was the publisher of Dreams From My Father. But there was no copy of it to be found, not even on the Crown shelves -- something Klayman said is not unusual for a book published so long ago....
"I haven't read too many books by politicians that are as eloquent as his," Klayman said. "I told him that if I were his speech writer, I'd be intimidated."
~~~~
This is just a bit strange
*** I haven't found any link yet between Michelle Frey and Stephen Frey, and there may not be one, but Stephen Frey is the author of the book that seems to mimic the current run of an African-American presidential candidate and coincidentally gets the 'whitey' invective in there.
Why Does the Michelle Obama Tape Rumor Match a 2006 Novel?
Sometimes, this rumor of this alleged tape of Michelle Obama denouncing whitey sounds like something out of a clichéd political thriller novel.
Actually, it sounds exactly like something out of a clichéd political thriller novel. Specifically, Stephen Freys The Power Broker, published in 2006 by Ballantine Books.
A major plot line of the novel is the presidential campaign of Democrat Jesse Wood, aiming to be the countrys first African American president Wood was handsome, smart, charismatic, and being mentioned increasingly often in the press as someone who could unite a twenty-first century America growing more, not less, racially and economically divided. (p.35)
Hes a U.S. Senator from New York and former senior partner at a prestigious law firm. His backers include some of the old Black Panthers. He wants to make Puerto Rico a state, and a recurring figure in his campaign is a controversial minister from Philadelphia called Jefferson Roundtree.
And by page 130, his opponents find a videotape that could ruin his candidacy
*snip*
"He said, You know, I had to put up with so much crap from Whitey when I was playing tennis back in the day, it was ridiculous. Real b****** stuff, too. Tennis racquets busted while I was in the shower, no towels, the worst locker, called n***** all the time, even by the help.
He looked over at Osgood. Im telling you, Clarence, if I get elected president, Im gonna act the way Im supposed to act in front of the camera. Smile and dance like a good black man, do what Im expected to do like a good boy. But behind the scenes, Ill f*** Whitey, and Ill f*** him good, I really will.
~~~~~
One can only say ... hmmmmmmm
He got a 5% discount in the rate (from 5.94 to 5.625%)
Sorry, but this does not raise my eyebrows. I was able to bargain that much with my home mortgage.
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