The Obamas' mortgage (cont.) (updated)
It is absurd for the Obama campaign to justify this beneficial by disclosing a large amount of funds that Northern Trust now holds for the Obamas when these amounts were earned and deposited substantially after the mortgage was placed and when their then current income and asstes did not justify such a "competitive rate".
Update -- Richard Henry lee writes:
There is no mention whatsoever of American Thinker in the article. Was it just a coincidence or an oversight? They mention, as we did, that the loan was better than average:
Compared with the average terms offered at the time in Chicago, Obama's rate could have saved him more than $300 per month.