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Who is Obama's 'Mystery Lender'? By Rizzuto Thu Jul 03, 2008 - Yesterday we had posted the story about Obama receiving a sweetheart mortgage loan from Northern Trust which was almost a half a point below the average for Chicago at the time. Something struck me as I was rereading the story. I picked up on what might have otherwise been an easily dismissed evasion by the Obama Campaign when questioned about why the Senator received such a sweetheart deal. This from Fox: [Obama spokesman Ben] LaBolt says the Obama family was flush with cash at the time they were loan shopping and that the bank in question, Northern Trust, sought their business by offering a lower mortgage rate and to respond to a competitive mortgage rate offered by another lender. LaBolt would not identify the lender “at this time.”My question is simple, why? What does the Obama camp have to lose by revealing the competing lender “at this time”? If it was say Wachovia, a Wachovia representative could easily look over records and corroborate the story. No harm done. It just doesn’t make sense for the Obama campaign to withhold this unless they’re hiding something. What could they be hiding? Chances are that that competing loan offer was given by a disreputable lender. Countrywide anyone? The same lender that two other Democrat senators Chris Dodd and Kent Conrad are drawing criticism over. As bad as Countrywide would be for Obama’s “man of the people” persona, there is another possibility which would provide even more devastating to his reputation, and that would be if it came from Broadway Bank, which is owned by the family of Illinois Treasurer Alexi Giannoulias and is most well known for its association with…you guessed it…Tony Rezko. Broadway Bank not only backed a failed Chicago Rezko condo deal, but is also the bank from which Rezko bounced hundreds of thousands of dollars worth of checks in a series of trips to Las Vegas. Something stinks here. Watch this story, I wouldn’t be surprised if the campaign announced who the other lender was just in time to be swallowed up by the Friday/Independence Day news cycle.
Comments : 1 Comment
liberalfighter commented, on July 7, 2008 at 6:53 p.m.:
Why should Obama tell the truth. None of the main stream media will pick up on this and make him answer for his actions. The media will try to sweep this under the carpet like they do all his gafs. But if it were John McCain they would be calling for him to step down. |
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