Friday, July 11, 2008

Judicial Watch files complaint over Obama’s mortgage

I don't see this hurting the junior senator from Illinois as he seeks the American presidency. Let's see what happens with this story. What made this story news? The Hill:
Judicial Watch, a conservative legal watchdog group, filed the report after The Washington Post reported that Obama received a discount on a mortgage for a Chicago home valued at $1.65 million. The complaints said the Illinois senator received a loan at the interest rate of 5.625 percent, which Judicial Watch says is lower than the standard rate of between 5.93 and 6 percent indicated by surveys.

The complaint asks the Senate Ethics Committee to investigate whether the favorable rates constitute a prohibited “gift” under Senate rules.

“It appears that due to his position as a U.S. senator, Barack Obama received improper special treatment from Northern Trust resulting in an illicit ‘gift’ which has a value of almost $125,000 in interest savings,” wrote Judicial Watch President Thomas Fitton in a letter to the Ethics Committee.

The complaint also notes that Northern Trust employees have given $71,000 in donations to Obama’s campaigns.

At least this has nothing to do with Tony Rezko although this is probably something still worth taking a look at. I'm not sure this would hurt him, but we'll have to see. It's a long time between now and November.

Via Newsalert.

No comments:

Post a Comment

Comments are now moderated because one random commenter chose to get comment happy. What doesn't get published is up to my discretion. Of course moderating policy is subject to change. Thanks!