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To: My Favorite Headache; All
The Obamas had no prior relationship with Northern Trust when they applied for the loan. They received an oral commitment on Feb. 4, 2005, and locked in the rate of 5.625 percent, the campaign said. On that date, HSH data show, the average rate in Chicago for a 30-year fixed-rate jumbo loan with no points was about 5.94 percent.

Jumbo loans are for amounts up to $650,000, but the Obamas' $1.32 million loan was so large that few comparables are available.

***********

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.

33 posted on 07/01/2008 11:26:44 PM PDT by STARWISE (They (Dims) think of this WOT as Bush's war, not America's war-RichardMiniter, respected OBL author)
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To: STARWISE
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?

34 posted on 07/01/2008 11:29:59 PM PDT by Aria (Obama: Potluck for President! "I serve as a blank screen on which people..project their own views")
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To: STARWISE; Aria

****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.


41 posted on 07/01/2008 11:40:11 PM PDT by ResponseAbility (Government tends to never fix the problems it creates in the first place)
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To: STARWISE

What a disgusting vermin to occupy such a nice house.


47 posted on 07/01/2008 11:47:39 PM PDT by pissant (THE Conservative party: www.falconparty.com)
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To: STARWISE

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.


49 posted on 07/01/2008 11:48:29 PM PDT by My Favorite Headache (Barack Hussein Obama is as American as camel pie)
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To: STARWISE

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.


57 posted on 07/02/2008 12:02:36 AM PDT by Brad’s Gramma (Typical Whitey Gramma just like Obamies!)
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To: STARWISE

At least he has good taste in houses.


77 posted on 07/02/2008 12:52:21 AM PDT by wideminded
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To: STARWISE; Kleebo151
The info below is more intriguing than getting a $ 300 per month payment discount. Obama bought the house in 2005 when people were lining up and bidding like crazy on houses. It would be fun to run the house through a market values analysis.

The Obamas bought the house for $300,000 less than the asking price of $1.95 million, while Rezko's wife, Rita, bought the neighboring lot for the full asking price of $625,000. Rita Rezko later sold a portion of the undeveloped lot to the Obamas, enlarging the senator's yard.

Tony Rezko already had been linked to a grand jury investigation involving public corruption. Last month, he was convicted of 16 counts in an influence-peddling scheme that reached the highest levels of Illinois state government.

I wonder what Tony Rezko had to do with the Obama transaction. Or, as they say in the hood: 'Ca ching, Ca ching'

80 posted on 07/02/2008 1:58:36 AM PDT by ex-Texan (Matthew 7: 1 - 6)
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To: STARWISE

Northern Trust

Current customers should go demand a refund on origination fee, discount points, and the lower rate.


84 posted on 07/02/2008 3:06:30 AM PDT by Son House ( BMT==> Babies, Military, Taxes: Just say NO To Democrats!)
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To: STARWISE

where did they live before Feb 2,2005?.....that would really be interesting.


111 posted on 07/02/2008 6:08:58 AM PDT by AmericanMade1776
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To: STARWISE
this deal was set in stone before we ever heard of him. Hand picked chosen one.

This was in 2005. This was after he spoke at the convention and after Dreams from My Father was published and a year away from the publication of The Audacity of Hope (and he'd probably already signed the deal to write it by then) and after he'd won election to the Senate-- and officially begun his path to superstardom (I recall clearly in 2004 that most all pundits were predicting he'd run for the WH in 2012). This is a really stupid story, IMO. Betting on Obama in February of 2005 was a stone cold lead pipe lock. He had a lot of money in February of 2005 and was looking at piling up even more just in speaking fees in the future.

Jumbo loans are for amounts up to $650,000, but the Obamas' $1.32 million loan was so large that few comparables are available.

That sort of describes Obama, doesn't it? Radio guys like Dennis Miller and Rush and others thought it was ridiculous that he thought he could slay the Hildebeast, a total tilting at windmills endeavor-- that he was naive and stupid to try. There is no one comparable that could have done what he's done. The bank knew he was special, but they didn't realize he was the Kobe Bryant/LeBron James of politics. It's amazing, really. Trying to suggest this was a political sweetheart deal like Dodd's is idiotic. Dodd couldn't polish Obama's shoes. Dodd is a nobody. Obama got the kind of loan a superstar athlete or singer would get. I'm not surprised.

134 posted on 07/02/2008 7:44:50 AM PDT by GraniteStateConservative (...He had committed no crime against America so I did not bring him here...-- Worst.President.Ever.)
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To: All

Is that a Union painter in the second picture on post 33?

Or is just another “undocumented” worker?

Ya think Barry Hussein knows or cares.


166 posted on 07/02/2008 10:31:29 AM PDT by 4yearlurker (I'm a Patriot. I feel freedom through and through. Happy Independence Day!!!)
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