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.
...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?
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???