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What was Obama saying bout rich bankers?
by Armando
-1 Reply

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.

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.

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Rich Bankers are EEEVILLL.....
by ZealotforTruth

...unless, of course, they gonna give you a nice, artificially low interest rate on your mortgage.

THEN, they are "Great Humanitarians..."

Funny how that works, no?

Huh? This just shows Obama is fiscally responsible.
by LT-7

All it means is that he shopped around and got a good rate and good deal on his mortgage. Guess what? My normal, everyday, much smaller mortgage has a similar rate. I didn't do anything illegal. I knew where to go for a good rate and went there.

Would you feel better about Obama running the country's budget if he were stupid with money like McCain and Clinton???

That rate isn't artificially low.
by LT-7
Such rates are not all that hard to get. I have a similar rate on my mortgage and didn't do anything real special. I just shopped for a good rate and got it pre-approved and locked.
Re: What was Obama saying bout rich bankers?
by HST-libertarian
Plus he's gotten more of his campaign money from Goldman Sachs than any other one source...
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