What Is This World Coming To?

Judicial Watch, group that investigates government corruption has filed separate complaints with the Federal Election Commission and the Senate Ethics Committee against Barack Obama for allegedly accepting a below market rate loan mortgage not available to the general consumer.

According to the Judicial Watch complaints, Senator Obama (D-Illinois) received a home loan of $1.32 million from Northern Trust at a rate of 5.625 percent — although two different surveys indicated that the average going rate that day was around 6 percent.

Judicial Watch president Tom Fitton contends that Obama got a special below market “super super jumbo” loan because he was a United States senator. “…[W]e filed ethics complaints with the Senate Ethics Committee concerning the receipt potentially of an illegal gift,” he said. “The other issue is that it may be an illegal campaign contribution by a corporation in that it is a substantial financial gift to Barack Obama of at least $125,000,” suggests Fitton.

Fitton also filed the complaint with the Federal Election Commission, and says there is another shady aspect to this mortgage deal. He says Obama’s real estate dealings are also linked with Tony Rezko, a convicted felon, which Fitton contends raises a “whole host of questions” about Obama’s relationship with the man.