Will Northern Trust Fail And Obama's Mortgage Be Taxpayer Owned?
Chicago Tribune: Northern plans big charge
Shares tumble 19% after bank moves to shore up shaky investment funds
In case you didn't know, Northern Trust Corp. is the mortgage lender for the Obamas. This is the bank that gave a sweet deal to the Obamas on their elite property in Chicago located next to Tony Rezko's lot. According to the Washington Post article "Obama Got Discount on Home Loan" last July:
"The freshman Democratic senator received a discount. He locked in an interest rate of 5.625 percent on the 30-year fixed-rate mortgage, below the average for such loans at the time in Chicago. The loan was unusually large, known in banker lingo as a 'super super jumbo.' Obama paid no origination fee or discount points, as some consumers do to reduce their interest rates."
The Salem News: Obama, Democrats share in blame for fiscal meltdown
http://www.salemnews.com/puopinion/local_story_266231008.html
We also learned from USA Today that Obama paid $300K less than the asking price on this home:
USA Today: Rezko ties bring questions for White House hopeful Obama
(with photo of Obama house)
http://www.usatoday.com/news/politics/election2008/2008-03-10-rezko-qa_N...
If you have not followed the money and the relationships between Obama and folks like Tony Rezko, William Ayers and Gov. Rod Blagojevich, or organizations and businesses such as ACORN, New Kenwood LLC, Trinity United Church of Christ, Woods Fund, Chicago Public Education Fund, Fannie Mae and Northern Trust, then you might want to read up at this blog:
Obama's Northern Trust Connections:
http://therealbarackobama.wordpress.com/2008/07/07/obamas-northern-trust...
After reading the blog above, my admiration for the dedication of citizens in this country to the upcoming election has grown significantly!
Look, one has to be able to admire Obama for his community organizing interests. But it seems that with his connections to Fannie Mae, ACORN and Northern Trust, Barack Obama should recuse himself from voting on this bail out legislation, should it ever come to vote in the Senate.
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I Will Rout You Out. -Andrew Jackson, 1832
Many of the fat cats who circulate from board to board and from job to job throughout the financial industry are also members of the Bilderberg Group and or the Trilateral Commission, founded respectively in 1954, and in 1973, in New York City. When someone takes your money and steals your car, it makes an impression. When they belong to such a shadowy political clique, it leaves an indelible impression. Many elected officials even belong to these cabals, hence the secrecy. When Bill Clinton eased banking restrictions, he dished out $8-billion dollars for “community reinvestment loans.”
When the financing schemes fell through, as is their wont whenever 30-million Mexican nationals buy inflated properties and default, it left banks in the lurch. Hillary Clinton counted on the loan giveaways to buy votes. Interestingly enough, had Hillary secured the nomination; she, instead of Barack Obama would preside over the bailout. So, where’s that $8-bilion plus dollars? Where’s Hillary? Why the caveat in Section 8 of the bailout: “Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency?”
The Global Initiative people (code speak for car thieves) took my money; they stole my car. If you or I did half the things these people have done, we’d be serving consecutive life sentences. Wise up, get angry, and let the bubble burst. Besides, Ben Stein says we’re going to be just fine. You have my word on it too. Gentlemen, I want my money back. “You are a ?den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out.” –Andrew Jackson, to fraudulent financiers, 1832: http://theseedsof9-11.com
Ps. Andrew Jackson was Teddy Roosevelt's favorite president.