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Was just covered on FNC by Major Garrett. Of course, the word from the campaign was they had ‘offers’ from banks they considered. Garrett asked to release the names of the other institutions offering and was told they’re not releasing that info right not.

Be sure they have banks, loan officers, and vice presidents lined up right now to declare they were in the running for the loan.

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http://www.suntimes.com/news/politics/obama/919177,CST-NWS-pritz28.article

Snippet:

Obama’s subprime pal
PENNY PRITZKER | Finance chief’s bank failed in 2001, costing 1,400 customers some of their savings

White House hopeful Barack Obama talks a lot on the campaign trail about how failing banks have used subprime loans to victimize customers.

“Part of the reason we got a current mortgage crisis has to do with the fact that people got suckered in to loans that they could not pay,” he told a crowd in Reading, Pa., last week. “There were a lot of predatory loans that were given out, a lot of teaser rates. Banks and financial institutions making these loans were making money hand over fist.”

At the helm of Superior Bank at least some of the time was Obama’s national finance chairwoman, Penny Pritzker, an heiress to the Pritzker fortune.

One of the banks that went under after making a lot of subprime loans — leaving 1,400 of its customers without part of their savings — was Chicago’s Superior Bank.

Obama’s campaign notes that Pritzker stepped down as chairwoman of the bank’s board in 1994, seven years before it failed. She then went on the board of the bank’s holding company.

But a letter obtained by the Chicago Sun-Times shows that until the end, Pritzker appeared to be taking a leadership role in trying to revive the bank with an expanded push into subprime loans.

Of course, the word from the campaign was they had ‘offers’ from banks they considered.

I'll bet they did. But all that would prove is that Northern Trust isn't the only mortgage lender willing to write sweetheart deals. The only issue is if Northern Trust--or any of these other "contenders"-- can produce loans they wrote at the same time, with the same terms, for people of similar means without a position of influence in government.