Judicial Watch files complaint on Obamas' mortgage
Judicial Watch has filed a complaint with the Federal Election Commission over the below-average interest rate Barack and Michelle Obama received on their Hyde Park mansion in Chicago. American Thinker broke the news of the low interest rate, as well as other data on the Obmas' mortgage on July 1st. The following day, Joe Stephens of the Washington Post picked up the story -- without acknowledging AT's scoop.
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.