Barack Obama Discount Mortgage

It's tough at the top and it seems there will always be snipers out to get you! Judicial Watch, the public interest group that investigates and prosecutes government corruption had been looking into a discount mortgage, obtained by President Barack Obama when he was a Senator back in 2005. The Federal Election Commission (FEC) has confirmed that Senator Barack Obama did obtain a discount mortgage, but that no laws were violated.

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Of course the spotlight is on anything to do with mortgages and the housing market, and Barack Obama might be considered to be fair game. But it has been revealed that the Presidents mortgage was granted on similar terms to other gold plated borrowers, and Northern Trust, the mortgage loan providers, have said that it was simply a good business proposition for them. They produced evidence of loans to other similarly situated borrowers, but not everybody was satisfied with the explanation.

Transparency in the dealings of elected representatives is a vital factor of any democracy; otherwise double standards may arise that are at the very least, distasteful to the electorate. In this respect the United States is considered to be much to the fore. It seems that the situation is not always so clear in some other leading democracies, which are frequently drip fed stories about the way their parliamentarians behave. Surely one of the great benefits of a free press is to keep the house/s in order!

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It is necessary, and right, that the highest politicians are open to scrutiny, and good to know that Barack Obama has been exonerated from any particular fault in this investigation. Much is expected of the new man in the White House, and there seems to be no reason why through the implementation of right decisions, the honeymoon should not continue for some time to come.

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