Northern Trust on Obama Loan
The Bourbon Room, courtesy of Fox Chicago producer Ruth Ravve, has received this formal comment on the Obama loan from Northern Trust.
The statement is from John O’Connell, director of Northern Trust’s institutional public relations, North America.
Northern Trust does not comment to the media on client matters, as a matter of policy.
However, at the request of the Obama campaign we responded to an inquiry from the Washington Post on the Obama family’s home mortgage.
Beyond confirming basic facts about the mortgage, which the campaign has posted on its Web site, Northern Trust told the Washington Post:
- Northern Trust does not have a “VIP” program offering special rates on mortgages for celebrities or public officials.
- The process for determining the Obamas’ mortgage loan was consistent with how we structure Northern Trust rates, and the rates themselves were consistent with Northern Trust rates at that time.
- The bottom line is that this was a business proposition for us. Our business model is to service and to pursue successful individuals, families and institutions.

HUCKABEE LOVES AMERICA.
JOHN McCAIN LOVES OUR COUNTRY ENOUGH TO DIE FOR US. HE HAS PROVEN THAT. JOHN McCAIN HAS TWO SONS FIGHTING FOR US NOW.
LET’S SEE OBAMA’S MILITARY RECORD!!!!! OOPS — HE HAS NEVER SERVED OUR COUNTRY!
OBAMA WILL DESTROY US. THE DNC AND BIASED MEDIA “SELECTED” THIS ANTI-AMERICAN. HE WAS NOT “ELECTED” BY THE PEOPLE.
FROM OBAMA’S BOOKS:
Dreams of My Father: “I ceased to advertise my mother’s race at the age of 12 or 13, when I began to suspect that by doing so I was ingratiating myself to whites.”
From Dreams of My Father : “I found a solace in nursing a pervasive sense of grievance and animosity against my mothers race.”
From Dreams of My Father: “There was something about him that made me wary, a little too sure of himself, maybe. And white.”
From Dreams of My Father: “It remained necessary to prove which side you were on, to show your loyalty to the black masses, to strike out and name names.”
From Dreams of My Father: “I never emulate white men and brown men whose fates didn’t speak to my own. It was into my father’s image, the black man, son of Africa, that I’d packed all the attributes I sought in myself, the attributes of Martin and Malcolm, DuBois and Mandela.”
From Audacity of Hope: “I WILL STAND WITH THE MUSLIMS SHOULD THE POLITICAL WINDS SHIFT IN AN UGLY DIRECTION.”
You can’t change a tiger’s stripes. BARACK HUSSEIN OBAMA HAS TOLD TOO MANY LIES — HE HAS TOO MANY TIES TO TERRORISTS AND ANTI-AMERICANS.
WE CANNOT IGNORE THIS MAN’S “PAST HISTORY”.
McCAIN IN 2008 – HILLARY IN 2012.
I sincerely hope this puts this faux issue to rest. Let’s get back to the real issues of the day.
Gas Prices
Economy Overall
Healthcare
National Security
Thanks, guys.
Sounds like a sweetheart deal to me. Wonder if it paid off?
So Northern has no “special” rates for anyone? No employee rates? No special deals for, say, the mother of Northern’s CEO?
BULL!
WHY IS IT THAT OBAMA IS ALLOWED TO ALWAYS EXPLAIN HIS WAY OUT OF EVERY SITUATION……57 STATES, GRANDFATHER/UNCLE IN WRONG WAR ARKANSAS NEXT TO KENTUCKY….. PUBLIC FINANCING??????? NO FLAG…..MEAN AMERICA…..NOT PREACHER I KNEW…..
HE SAYS HE BELIEVES IN JESUS CHRIST (SO DOES THE DEVIL) BUT HE IS NOT THE ONLY WAY TO HEAVEN. EXACTLY WHAT IS A CHRISTIAN THEN!
Are you kidding me! Is Fox that desperate to get some dirt on Obama??? I thought the baby mommy was low. Fox news will have to eat crow when Obama wins!!
I know this maybe hard for Fox new to understand, but just maybe this black man had good credit.
Former Republican
_________________________________________________
You not sound as a former repablican. You not sound as a democrat or libretaria. You know what you sound like.
TO Former Republican
Well just how much of this s–t is it going to take to get you to see this guy is ALWAYS lying through his teeth???????,
He constantly has excuses, and I for one am really sick of it. He is so unbelievable.Arent you getting sick of it?????
He may be running for President but he is so whinny!!!!!!!!
To CNN how long is your license good for, I hear not too long, too bad. HAHA
To Joyce,
You are absolutely correct.. I think these people deserve what they get, if he is elected. They are actually blind to this man. Incredible
If this had come up in the primaries, he’d be done. The majority of the liberal media will ignore this very relevant fact just as they ignored how he entered into the deal for the house with Rezko in the first place (Rezko looked at the house with him before he bought it). He followed this up with funneling federal money to Rezko’s “public housing” projects. Rezko promptly pocketed the money, built sub-standard public housing, abandoned them and used the profits for high end real estate development. This is not the change America has been waiting for. There is a real reason myself and the majority of other servicemen will be voting for McCain in the fall, getting ourselves to salute the traitor that is Obama will go against everything we’ve been taught ever since boot camp.
No comments on McCain’s political stories, face it the McCain is so boring that being shot down is as exciting as it gets “Crash and burn”. Even the Usual Suspects …of the Keaton five is boring check out Silverado Savings and Loan. Peas in a pod. A new term “Bushcain”,
A stick used to beat the crap out of average citizen and can also magically control the minds of the masses.
How is this news? Understandably the Obamas had very good credit, thus giving them a discount…
Thanks for the news. To restate. Obama is a rich man that gets better rates. It is important to remember that Obama is as much, ‘one of us’ as McCain is, at least when it comes to:
having riches,
being in the moola.
having Dough Re Mi,
Note: 1. he can probably afford gas at $4 or $10 or even $20 a gallon.
Basic unglamorous news!
Chicago Politics = Rev. Jessie Jackson, Rev. Wrong, Michelle Obama named V.P. and a huge pay raise, real estate transactions from shady relationships, and political machine steamrolling Obama’s path to the White House. Yep, the man is all about Change! The change in your pockets that is; it’s the only CHANGE you will have after he’s sucked your paycheck dry after raising taxes to pay for all of the give-me’s and political favors he owes everyone.
Read “Dreams of My Father” by Barack Obama to truly understand where he is coming from. Then, consider all of the radical mentors who have led him to where he is today. He chose a bride who thinks as he does. He chose friends who reinforce his negative image of this country. Obama has a better understanding of black nationalists, sixties radicals, and socialistic leaning lefties than he has of mainstream Americans, regardless of their race, social or economic class or their politics. It is frightening to even imagine him as Command In Chief.
His rate was lower than the average. But I also got a loan lower than average because I had deposited a large sum of cash in the bank, had a small but steady salary from a reliable employer coming in, and a strong credit history. (I’m not even a politician or an “insider”).
This is how banks operate. They evaluate you based on the credit risk and then set the interest rate around a certain range. The middle of this range is the median. High risk people are above the median. Low risk people, below. Average risk, on the average.
I guess they had a little bit of bourbon on the rocks and came up with this declaration.
When they say pursue, what do they mean. When they pursue the celebrity or person
they think is a success when they catch them what bait do they use. What induced
the Obama’s to choose Northern Trust. They certainly have been caught in a bad
light, and it is consistent with the other deals they seem to have gotten involved with.
Northern Trust better look out otherwise Obama will throw them under the bus too.
Now he doesn’t need their mortgage he can get George Soros to find him a new
deal, anyway he’s got his sights on the White House now, so he won’t be thinking
much about his Chicago home that much, unless he needs somewhere to stay if
Fitzgerald calls him to be a witness if the govenor of Illinois get indicted, my my my.
Whatever next.
It is amazing to me how the Republicans and the right do not want to talk about the real issues. Why, because if they do, it shows how Americans are really worse of now than we were eight years ago and how tarnished the Republican brand is. The art of distraction is how the Republicans run their campaigns. But if you want to bring up distractions, John McCain flip-flopping on nearly every issue to match George Bush’s. McCain says he really is not an expert on economics, which I do believe since he does not even understand it is important to pay taxes on houses. I guess having so many houses one can lose track for four years before finding out taxes were not paid. Elitist, hum, oh Cindy McCain spends $750,000 in a month and one of their children $50,000. Nope, I guess Michelle Obama’s buying dresses off the rack seems to be more elite. That is just recent. The right wants to also ensue guilt by association with William Ayers, who belonged to the Weatherman. Barack Obama was an 8-year-old child when incidents with Williams Ayers happened. WOW. All of these are ridiculous. Let’s just talk about issues.
What has obama done for americans lately?
he has used race to win primaries
he has trashed clintons.
he has divided the dems.
he has insulted women“sweetie“
he has showed us “what arrogant means=obama“
he has told us true meanings of SNOB,ELITIST,S*XIST,RACIST,SAME OLD POLITCIAN with brand new copied speeches
he has shown us that its okay to copy speeches
he has shown us “how to flip flop effectively
he has shown us “how to make MSM his pet and keep them in his pocket `where his phone vibrates
ha has shown us “why some americans r bitter “
he has shown us what `a typical white person looks like
he has shown us his greatest racist ever priests and friends
he has shown us ——NO MORALS,NO VALUES,NO PRINCIPLES,NO CHARACTER,NO CLASS……
Real Issues:
Lower Taxes
Border Security
National Defense
Energy Independence
The Constitution
Checks and Balances (I.E. The Role of our Three Government Bodies)
Let us discuss those issues then.
1) Lower Taxes: Good for everyone, rich, poor, middle class! The less you pay to the government the more money you have in your pocket! If you feel that more money is needed for social programs, there are many, many NPO’s and religious organizations that handle social programs.
2) We are a sovereign nation, let us defend our borders like one. God Bless those people who risk life and limb to cross the border, the ocean, etc to get into our great country. However, there is always a risk that those who wish to do us harm are crossing in the same ways. For those that are already here, well, it would be an impossible task to deport the 12+ million but they still did not respect our laws (Hence the word “illegal” in illegal immigrant). I do not know the answer, but our borders need to be secured.
3) National Defense, quite possibly the original reason why any government is established! A strong national defense is paramount to any strong government, besdies the US Army is the longest standing American institution (US Army established 1775, US government established 1776).
4) Energy Independence, let us drill for our own domestic oil WHILE advancing new technology. We need leaders who aren’t afraid to go back to old ideas while looking forward to new ideas!
5/6) Constitution and Checks and Balances, I combined the two because they go together. If you read the Constitution of the United States, it begins with the rules about the Congress! Not the president nor the Supreme Court. Congress is the body that makes the laws, not the President, and not the Supreme Court. Hence why Roe V. Wade is unconstitutional, not because of it’s content, but because of how it came into being. I do not intend for this to turn into an abortion debate, but any Constitutional lawyer worth his salt should say that the structure of the Roe V. Wade decision is unconstitutional. This is a sad thing, the Roe V. Wade decision set a precedence of the Supreme Court Justices to enact law. That is NOT their role in government. Their ONLY role in government is to decide if a law that Congress made and the President signed, is constitutional or not. Also, the expansion of government is a sad thing, it started with FDR (he is what the country needed at the time, but no President, in my opinion, trounced on the constitution more than FDR) expanding the role of the President and each President after him (Both Rep and Dem) expanded that power just a little. And Congress, with the bait and switch tactics of always blaming the President, downplays their own role in the direction of government, thus keeping the blame off themselves.
So, let us discuss these real issues. Which candidate will uphold what this nation means and will we, we the people, start to take responsibility in our government? Remember, the President is a very important part of our style of government, but he is only 1/3 of it, he is not a dictator or a king. Congress is the true power of our “Representative Republic with strong Democratic traditions” style government.
Thank you for your time.
Mike
US Army Vet (2002-2007)
Poli Sci Major
It is almost sad that this is the best the republican propaganda machine can come up. You guys used to be so good at lying and spinning, what happened. Did Barack take your mojo? Let me heklp you out. I heard that once when Barack bought a coffee it came to $2.02, but since he “claimed” he didn’t have two pennies, the clerk LET HIM GO FOR .02!! FoxNews and WaPo need to get right on this scandal. God knows what will happened now that that high school kid has Obama in his back pocket!!! You could call it “CoffeeGate” or something cool like that.
To those of you who have 3 digit IQs and do not live in trailer parks, you know as well as I do that this loan was completely normal except for its size. If he got any perk at all, it was that he was probably not subject to the usual discriminatory lending practices most financial institutions use against African Americans. I think THAT is what has some people scrambling to make something out of this…
Obama is just likt the others.
Old politics, no change, just talks.
Obama is too smart to make change.
He is enjoying the benefits of the current system. Sold books, nice deal on his house with great interest rates too.
Rezko supported his candidacy, he was with Pastor Wright when he needed him in Chaicago. Then he dumped him when he start to talk about Obama.
But now he sorounded with Washington insiders. What change?
Michelle promoted to VP at University of Chicago Med Center: I want to know how one can get paid $300K/yr as a VP of Community and External Affairs and also be on the road with her husband campaigning, and take care of kids?
I wonder about any hospital and that has that kind of profit that they can afford to throw money at someone just for political motives which is clearly the case here.
Americans deserve to know ALL of the political linkages and political favors Obama is getting and what he owes them in return. Clearly see a conflict of interest in a number of fronts.
Any Americans voting for Obama are FOOLS if they think this man got to this point without a bunch of “IOU’s”.
I just cant believe this isnt a bigger story..It bothers me that this man is getting away with special favors..If this was Hillary or McCain, they would done..
Also, the hypocrite states that a vote for McCain is a rollback of women’s right, YET he is the one that has less women on his campaign and pays them less than the men. John McCain has more women and pays them if not the same more than most men. I cant believe the media is letting him get away with it..
A note to the RNC. TALKING IN CAPS WILL NOT SAVE YOUR PARTY FROM AN IMMINENT DEFEAT IN BOTH CONGRESS AND THE WHITE HOUSE… NOR WILL HIGHLIGHTING THESE B.S. ISSUES. Lets instead talk about how the RNC supports the oil companies and multinational corporations hemorrhaging or assets to foreign countries. Or lets discuss how the RNC supports our troops sacrificing their lives for these oil companies’ profit lines. Or… we could discuss how the RNC doesn’t think its necessary to offer these troops (who have risked their lives for oil companies) a college education once they return from War. The only people who seem to benefit from the republican dogma are foreign countries. The rest us are just asked to sacrifice. Its time for the government to start serving the American people rather than corporations. These 7 1/2 years have shown us what happens when the republicans have the reigns. I think it would be nearly impossible for the Dems to do a worse job.
Does Major know how to run a blog? I know the Embed Producers do not.
I guess not. I was hoping our post would be submitted and posted right away. It looks like we will have to wait another four hours to see it, if it gets posted at all.
Whether or not Northern Trust had an “official” VIP program, is irrelevant. The real question is did Rezko maintain large balance accounts in the bank so as to get a deal for his friend? Or perhaps, did Obama influence the direction of any city funds into Northern Trust accounts? Absent any evidence of compensating balances or directed business, the issue is irrelevant.
WHAT A CROCK!! The Dems decry the institutional rates of the industry but he (Obama) has no problem taking their money.