Comments on Advance Indiana™: Obamas Got Discount Loan On Mansion Convicted Felon Helped Them Purchase

AI,I like the line about how they might have paid ...

2008-07-04T07:41:00.000-05:00

AI,

I like the line about how they might have paid down their principle early, but that doesn't seem likely. Ummm, how come? Many people do this, don't they? I know people who double up on their mortgage and car payments.

www.ipopa.blogspot.com

Art Fuggins, You may want to do a little checking ...

2008-07-03T14:52:00.000-05:00

Art Fuggins, You may want to do a little checking on the Obamas credit a short time before the home purchase. It was not too long ago that the Obamas were swimming in debt, including big student loan debts (higher than their mortgage) and credit card debts. Barry maxed out his credit cards with loans to his failed congressional campaign against Rep. Bobby Rush. He got in all kinds of trouble with the FEC because he accepted contributions from several contributors beyond the maximum amount allowed by law. Hence, he had to refund contributions and loan his campaign money to pay off his debts. It was reported when he gave his speech at the 2004 Democratic Convention, his credit card was declined by a car rental agency. When Obama was elected to the Senate, his financial problems seemed to just go away.

I had an opportunity to talk with my brother in la...

2008-07-03T10:24:00.000-05:00

I had an opportunity to talk with my brother in law who is a mortgage banker. I presented him with the facts that you have written about here. He contends that a 30 basis point discount on this loan would not be unusual. The Obamas had considerable income including having just received a large advance on his book, excellent credit, standing in the community and little or no debt.
His response was that this was a very typical transaction.

Now if Michelle Obama was 4 years behind in property taxes and was carrying huge credit card balances or charged $750,000 in one month on an American Express card that might present a red flag. Of course, all of those refer to Cindy McCain.

Yikes...

2008-07-03T09:57:00.000-05:00

Yikes...

I certainly hope and pray that Mr. tarandwoolley i...

2008-07-03T07:53:00.000-05:00

I certainly hope and pray that Mr. tarandwoolley is going to be one of the first to enlist in the Army or Marine Corp when O'Bama's "peace talks" fail, and the terrorists once again attack us right here on US soil.

Countrywide's practices were consistent with their...

2008-07-03T07:38:00.000-05:00

Countrywide's practices were consistent with their "internal practices" when they offered a sweetheart loan to Christopher Dodd. When the "internal practice" is sketchy, the execution of said practice is by definition also sketchy.

A marble powder room and a wine cellar. Wow, what a man of the people!

Let me also ask what Monroe Gray has done to corre...

2008-07-02T17:49:00.000-05:00

Let me also ask what Monroe Gray has done to correct his double-dipping homestead exemption and to pay back the credit he illegally claimed?

I look at it this way, I know that even if Obama w...

2008-07-02T17:32:00.000-05:00

I look at it this way, I know that even if Obama was loosely associated with someone who committed a crime, at least he has a clear policy against, and would not champion, the cause of the following kind of policies that constitute crimes that McCain wants to continue:

http://www.thefourreasons.org/victimsofwar.htm

Again, because of this, my fear scale about what will happen if either of them take office, I would clearly tip towards Obama over McCain. The atrocities that occur if we stick with the same policies is more heinous and criminal than any white collar criminal that Obama might have been friends with in the past. McCain is now the champion of the Iraq War, and that should concern America.

You see what you want to see, Josh. The story make...

2008-07-02T15:13:00.000-05:00

You see what you want to see, Josh. The story makes it clear the Obamas received a below market interest rate on their home, which they couldn't afford without the assistance of convicted felon Tony Rezko. There remains many unanswered questions about where Rezko obtained the funds to purchase the lot next door to the Obamas home. It now turns out that a close friend of Michelle's and Rezko's landed a job at Northern Trust. that same friend helped out with the housing deals Rezko got from the State of Illinois and the City of Chicago, which later became complete dumps to the detriment of the tenants. It is not right when politicians are afforded special interest rate deals on their home mortgages when they are writing the laws which regulate the financial industry. Of course, you don't care. It's people like you who will allow the reins of our government to be turned over to a complete mystery man who fabricates lies about his family background, how he got where he is and what he represents.

So I am confused, this was a legal loan and everyt...

2008-07-02T14:50:00.000-05:00

So I am confused, this was a legal loan and everything was done right by the lender? Since Obama's loan is legal and was "consistent with internal Northern Trust rates at that time," I see no issue here.

I think Artfuggins reporting sounds more like something to follow to determine whether they are damaging to the Presidential aspirations of McSame.

I wonder if Obama paid his property taxes....oh, n...

2008-07-02T12:41:00.000-05:00

I wonder if Obama paid his property taxes....oh, no. I am confused that was McCain who had not paid his property taxes for 4 years on one of his seven houses...He just paid most, but not all, since it was ready to go into default. There is an investigation now to find out why he only pays less than $1500 property taxes annually on a house that normally would pay 4 or 5 times that amount. Hmmmmmm!