Appearing in tomorrow's paper is a piece by Joe Stephens titled "Obama Got Discount on Home Loan" which is already being torn apart. It hasn't even made its way to press.
The campaign released the loan documents.
Basically, the writer seems to find an issue with the 5.625 rate the Obamas got from Northern Trust to mortgage their house.
And of course, Rezko is mentioned. Though he has no relation to the story. Dang, even less to report! As if that stops Stephens from bringing it up...
Take a look at the comments. The story is being debunked in a very lively manner which will never make the airwave coverage, so make sure you check it out.
I don't recall WaPo covering John McCain's tax problem in LaJolla, Ca in this way.
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barb_r_us:
After a search of historical mortgage rates I found a range of 5.57% to 5.95 in the period Nov 04 thru March 05. What rate did Obama get, 5.65%? OMG, what a scandal!
Coming on the heels of the Obama is more white than black' comment, WaPo seems to be feeling the cutbacks a bit too soon.
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WaPo has been exposed:
Obama's loan
An interesting story in the Washington Post today on the Obamas getting a good deal on their home loan, but while the GOP is making much of it this morning, it seems well short of the Countrywide story: There's no evidence that they dealt with the bank through a special side door for powerful people like the one Countrywide maintained.Mike Allen, as always, has a sophisticated take, noting that the Post put the story on A3: "The tipoff that this story is padded – and that they weren’t sure it was news – is that it includes irrelevant quotes about Countrywide, which was not the Obama lender. This would have been an interesting A1 story if they had gone with the 'wanted to step up' (their lifestyle) angle instead of trying to stretch the loan thing."
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