Posted on 07/10/2008 6:13:28 AM PDT by Uncle Ralph
A watchdog group filed complaints with the Federal Election Commission (FEC) and the Senate Ethics Committee Wednesday against Democratic presidential candidate Sen. Barack Obama (Ill.) over a discounted mortgage he received from Northern Trust.
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.
That doesn’t include the discount he got on the house, financed by Rezko. That is upfront and significant.
The corruption hasn’t changed despite all our hopes.
If it was anyone other than judicial watch I would think this would be huge.
lol!
the media made so much fun out of mccain’s back taxes.
With this latest filing, Judicial Watch is attempting to take its record to 0-1,243,874.
Is Dudd and the other guy (?) in the same boat or have they gotten a pass?
“With this latest filing, Judicial Watch is attempting to take its record to 0-1,243,874.”
True but they do bring things into the public eye, unlike some media.
Capitol Hill is a cesspool.
“The corruption hasn’t changed despite all our hopes.”
How can I get that on a bumper sticker?
“How can I get that on a bumper sticker?”
I think you can get some made up, good idea. For now I think I’ve finally found my tagline.
And it’s BREAKING NEWS, no less!
Exciting stuff. :)
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