Goodtimepolitics

The VIP Treatment: Countrywide CEO - Obama Obama Obama

June 14, 2008 · No Comments

How many of these money scandals is there in Barack Obama’s background and this presidential campaign he is running?  How many of these kind of friends does it take for Obama to start feeling alittle pain for all his enbracing people like these and William Ayers plus don’t forget Jeremiah Wright.

(abc news)The brewing scandal surrounding VIP treatment hit the presidential campaign last week when James Johnson resigned from Senator Barack Obama’s vice presidential search committee after reports that he received favorable mortgage terms from Countrywide Financial.

(abc news) Senators Chris Dodd and Kent Conrad Reportedly Received

Favorable Rates on Loans

 

 

Johnson, the former head of Fannie Mae, the organization that guarantees mortgages for millions of American homeowners, received loans worth more than $5 million from Countrywide at below-market rates, according to the Wall Street Journal. Among the loans were a $5 million home equity line of credit against a house in Ketchum, Idaho, a 3.875% loan of $971,650 for a home in Washington, D.C., and a 5.25% loan of $1.3 million for a home in Palm Desert, Calif.

The revelation became a hot-button issue in the campaign, since Obama has frequently criticized subprime lenders, including Countrywide Financial CEO Angelo Mozilo as one of the executives of top mortgage lenders who Obama says “tricked” homeowners into loans they couldn’t afford.

http://abcnews.go.com/Blotter/Story?id=5062502&page=1 

I wonder if I will find this post in the obama internet war room,  obama internet warroom,  Did you know that ahmadinejad endorses obama?  Also Obama your muslim is showing!

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