Posts Tagged ‘Elites’
GLOBAL ELITES THROWN OUT OF ICELAND: Iceland Dismantles Corrupt Gov’t Then Arrests All Rothschild Bankers
Since the 1900′s the vast majority of the American population has dreamed about saying “NO” to the Unconstitutional, corrupt, Rothschild/Rockefeller banking criminals, but no one has dared to do so. Why? If just half of our Nation, and the “1%”, who pay the majority of the taxes, just said NO MORE! Our Gov’t would literally change over night. Why is it so hard, for some people to understand, that by simply NOT giving your money, to large Corporations, who then send jobs, Intellectual Property, etc. offshore and promote anti-Constitutional rights… You will accomplish more, than if you used violence. In other words… RESEARCH WHERE YOU ARE SENDING EVERY SINGLE PENNY!!! Is that so hard? The truth of the matter is… No one, except the Icelanders, have to been the only culture on the planet to carry out this successfully. Not only have they been successful, at overthrowing the corrupt Gov’t, they’ve drafted a Constitution, that will stop this from happening ever again. That’s not the best part… The best part, is that they have arrested ALL Rothschild/Rockefeller banking puppets, responsible for the Country’s economic Chaos and meltdown.
Last week 9 people were arrested in London and Reykjavik for their possible responsibility for Iceland’s financial collapse in 2008, a deep crisis which developed into an unprecedented public reaction that is changing the country’s direction.
It has been a revolution without weapons in Iceland, the country that hosts the world’s oldest democracy (since 930), and whose citizens have managed to effect change by going on demonstrations and banging pots and pans. Why have the rest of the Western countries not even heard about it?
Pressure from Icelandic citizens’ has managed not only to bring down a government, but also begin the drafting of a new constitution (in process) and is seeking to put in jail those bankers responsible for the financial crisis in the country. As the saying goes, if you ask for things politely it is much easier to get them.
This quiet revolutionary process has its origins in 2008 when the Icelandic government decided to nationalise the three largest banks, Landsbanki, Kaupthing and Glitnir, whose clients were mainly British, and North and South American.
After the State took over, the official currency (krona) plummeted and the stock market suspended its activity after a 76% collapse. Iceland was becoming bankrupt and to save the situation, the International Monetary Fund (IMF) injected U.S. $ 2,100 million and the Nordic countries helped with another 2,500 million.
Great little victories of ordinary people
While banks and local and foreign authorities were desperately seeking economic solutions, the Icelandic people took to the streets and their persistent daily demonstrations outside parliament in Reykjavik prompted the resignation of the conservative Prime Minister Geir H. Haarde and his entire government.
Citizens demanded, in addition, to convene early elections, and they succeeded. In April a coalition government was elected, formed by the Social Democratic Alliance and the Left Green Movement, headed by a new Prime Minister, Jóhanna Sigurðardóttir.
Throughout 2009 the Icelandic economy continued to be in a precarious situation (at the end of the year the GDP had dropped by 7%) but, despite this, the Parliament proposed to repay the debt to Britain and the Netherlands with a payment of 3,500 million Euros, a sum to be paid every month by Icelandic families for 15 years at 5.5% interest.
The move sparked anger again in the Icelanders, who returned to the streets demanding that, at least, that decision was put to a referendum. Another big small victory for the street protests: in March 2010 that vote was held and an overwhelming 93% of the population refused to repay the debt, at least with those conditions.
This forced the creditors to rethink the deal and improve it, offering 3% interest and payment over 37 years. Not even that was enough. The current president, on seeing that Parliament approved the agreement by a narrow margin, decided last month not to approve it and to call on the Icelandic people to vote in a referendum so that they would have the last word.
The bankers are fleeing in fear
Returning to the tense situation in 2010, while the Icelanders were refusing to pay a debt incurred by financial sharks without consultation, the coalition government had launched an investigation to determine legal responsibilities for the fatal economic crisis and had already arrested several bankers and top executives closely linked to high risk operations.
Interpol, meanwhile, had issued an international arrest warrant against Sigurdur Einarsson, former president of one of the banks. This situation led scared bankers and executives to leave the country en masse.
In this context of crisis, an assembly was elected to draft a new constitution that would reflect the lessons learned and replace the current one, inspired by the Danish constitution.
To do this, instead of calling experts and politicians, Iceland decided to appeal directly to the people, after all they have sovereign power over the law. More than 500 Icelanders presented themselves as candidates to participate in this exercise in direct democracy and write a new constitution. 25 of them, without party affiliations, including lawyers, students, journalists, farmers and trade union representatives were elected.
Among other developments, this constitution will call for the protection, like no other, of freedom of information and expression in the so-called Icelandic Modern Media Initiative, in a bill that aims to make the country a safe haven for investigative journalism and freedom of information, where sources, journalists and Internet providers that host news reporting are protected.
The people, for once, will decide the future of the country while bankers and politicians witness the transformation of a nation from the sidelines.
We are grateful to The Washington Post, The New York Times, Time magazine, and other great publications whose directors have attended our meetings and respected their promise of discretion (secrecy, Ed.)for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subject to the bright lights of publicity during those years. – David Rockefeller, at a 1991 Bilderberg meeting
In 2012 the New World Order will suffer major defeats to their totalitarian one world government/population reduction agenda. The defeats will not be from violent revolution, massive protests, or people continuing to beg corrupt politicians for mercy – as if 535 politicians really represent 315,000,000 people. No, the defeats will be attributed to a mass awakening and a significant portion of the population simply refusing to take actions that violate their conscience.
The elites only have two primary tools, which are well know to anyone that reads the alternative media: secrecy and deception. Their criminal enterprise will end as millions more, if not billions, awaken in 2012.
The Time is Now
Since the 1990s, researcher David Icke has been saying that there would be a point in time when the New World Order agenda is out in the open, exposed for all to see. Fortunately, that is when the agenda is most vulnerable, as many people will “wake-up” and see that humanity and their loved ones are in great danger. That time is now.
Justified by the War on Terror hoax, the National Defense Authorization Act (NDAA) was recently signed into law (assuming Obama is legitimately the president, which is a huge assumption). The legislation declared the United States a battlefield. The military can arrest American citizens, detain them indefinitely, torture and interrogate them without charge or trial. In essence, this Act implemented martial law in the United States. It also nullifies the Magna Carta of 1215, Bill of Rights and Posse Comitatus, which prohibited the military policing civilians inside the U.S. since 1878.
In 2006, KBR was awarded a contingency contract from the Department of Homeland Security, allegedly to support its Immigration and Customs Enforcement facilities in the event of an emergency, Market Watch reported.
Last month a document originating from KBR demonstrated that the government is activating FEMA camps across the United States. Entitled “Project Overview and Anticipated Project Requirements,” the document describes services that KBR is looking to farm out to subcontractors.
Make no mistake, like 9/11, passage of the NDAA was the globalists’ coming-out party, and your opportunity to inform others. The tyranny has now been revealed in black and white on paper, and thousands of articles have been written to support you in discussing the issues with others.
Evidence of Globalist Defeat is Everywhere
Ron Paul is leading many polls despite unprecedented smear campaigns by the shameless Big 6 Media. Whether elected president or not, Paul is educating the public about the private Federal Reserve bankster cartel, ending murderous and unconstitutional wars, sound money, health issues and individual liberty. He also has received more campaign donations from members of the military than any other candidate, a sign that many in the military are informed and will not carry out treasonous orders if given.
Fraudulent Banking Known by Its Victims
More and more people are learning that the Federal Reserve is a private cartel that enriches corrupt banksters by creating money out of nothing and loaning it at interest, thereby enslaving the population with a debt that can never be repaid. Recently the head of security at the San Antonio Federal Reserve bank admitted that the institution is private, as did a San Francisco Federal Reserve employee.
Additionally, the public is aware that the largest banks were bailed out with $29 trillion dollars created from nothing. Those same banks continue to foreclose on the homes of people that actually had to produce a good or service to make their monthly mortgage payments.
Many people are taking action against the New World Order’s banking system. November 5th was hailed as Bank Transfer Day, the final day in a month-long demonstration to move money out of the big banks and into smaller, localized credit unions. Leading up to November 5th, $4.5 billion was taken out of major financial institutions. Additionally, local credit unions across the country accumulated around 650,000 new customers in the month of October.
Fake Drug War Exposed as Absurd
It is now common knowledge that the drug war is a fraud. Low-level street dealers of marijuana are arrested and placed in cages smaller than those of many zoo animals — at taxpayer expense. At the same time, the CIA imports massive quantities of cocaine and heroin to fund their murderous black operations. U.S. troops openly admit that they support the Afghan heroin trade.
People are waking up! Recently Montana jurors used their power of nullification by refusing to convict a man for marijuana possession.
Jury nullification occurs when a jury returns a verdict of “Not Guilty” despite its belief that the defendant is guilty of the violation charged. The jury in effect nullifies a law that it believes is either immoral, or wrongly applied to the defendant whose fate they are charged with deciding.
Once a jury returns a verdict of “Not Guilty,” that verdict cannot be questioned by any court and the “double jeopardy” clause of the Constitution prohibits a retrial on the same charge.
If you sit on a jury, never forget you have the power of nullification.
Related to the drug war, emails show ATF agents congratulating each other for blaming border violence on guns bought from U.S. dealers despite the fact that the feds delivered the weapons straight to Mexican drug gangs under the Fast and Furious program. The purpose of the program admittedly is to demonize the Second Amendment and push new gun control regulations.
Corrupt Congress Exposed
The people are now aware that most members of Congress are as corrupt as Don Jon Corzine. “The median net worth of a member of Congress climbed to $913,000, a 15 percent increase from 2004 to 2010. During the same period, the net worth of the average American dropped 8 percent, to roughly $100,000.” Congress’ approval rating is currently a whopping 16 percent. The polls show that 83 percent of the population disapprove of their government, and therefore may be indefinitely detained as enemy combatants without charge under the NDAA.
Vaccine Dangers Well Known
The number of parents that refuse to inject their children with toxic vaccines is rapidly increasing. They must be aware that voluminous research proves vaccines are deadly.
Before his death, Merck vaccine scientist Dr. Maurice Hilleman admitted the presence of SV40 and cancer viruses in vaccines. It is estimated that over 200 million doses of SV40 contaminated viruses were given to the public, a possible explanation for the dramatic increase in cancer rates over the last 100 years.
By 1999, numerous pathologists, microbiologists, and virologists throughout the world had detected SV40 in a variety of human cancers such as brain tumors, bone cancers, and lung cancer. These were the very same cancers that were created when SV40 was introduced into animals. After careful study documented in peer-reviewed publications, leaders in SV40 research announced that SV40 was a class 2A human carcinogen.
As reported by multiple sources during March of 2009, including the Times of India, vaccines contaminated with deadly live H5N1 avian flu virus were distributed to 18 countries in December 2008 by a lab at an Austrian branch of Baxter. By chance the batch was first tested on ferrets in the Czech Republic, before being shipped out for injection into humans. The ferrets all died and the shocking discovery was made.
Czech newspapersimmediately questioned whether the events were part of a conspiracy to deliberately provoke a pandemic, following up on accusations already made by health officials in other countries.
Initially, Baxter attempted to stonewall questions by invoking “trade secrets” and refused to reveal how the vaccines were contaminated with H5N1. Later Baxter said it was an accident. However, the probability of mixing a live virus biological weapon with vaccine material by accident is virtually impossible.
At least 49 girls have died with thousands more hospitalized after receiving the once popular Gardasil vaccine. Of course, only about 10 percent of adverse vaccine reactions are reported.
Vaccines are also an important tool of the global elites who through the Rockefeller Foundation and World Health Organization, have decreased fertility rates for global population reduction.
Population Reduction Program Exposed
It is now well known that the global elite have imposed their absurd Malthusian religion of death on everyone else. In 2009, a “secret billionaire club” meeting took place in New York and was attended by David Rockefeller, Ted Turner, Bill Gates and others. The attendees focused on “how their wealth could be used to slow the growth of the world’s population”.
In the latter half of the 20th century, eugenics supporters adopted polices of “population control.” This was crystallized inNational Security Study Memorandum 200, a 1974 geopolitical strategy document prepared by Rockefeller’s Bilderberg member stooge, Henry Kissinger, which targeted thirteen countries for massive population reduction by means of creating food scarcity, sterilization and war.
The goal of the mass murderer is to reduce the world’s population from 7 billion to 500 million. In fact, they have even created a monument called the Georgia Guidestones to enshrine their perverted fantasy.
Obama’s top science and technology advisor John P. Holdren co-authored a 1977 book , Ecoscience, in which he advocated the formation of a “planetary regime” that would use a “global police force” to enforce totalitarian measures of population control, including forced abortions, mass sterilization programs conducted via the food and water supply, as well as mandatory bodily implants that would prevent couples from having children.
People around the world now understand that they are under chemical attack as part of a soft-kill operation. Deadly and dangerous toxins ranging from Aspartame to Fluoride, GMO, Mercury-tainting, pesticides, cross-species chimeras, bisphenol A (BPA), plastic compounds in chicken, high fructose corn syrup, cloned meat, rBGH and new aggressive GM species of salmon have all entered into our diets and environments — whether we want it or not.
In what is known as chemtrails/geoengineering, the population is being sprayed with aluminum, barium, strontium, and other strange ingredients like red blood cells and fungus. Toxic sulphur dioxide is also being sprayed with malice aforethought.
Manmade Global Warming Hoax Revealed
Indeed, there is a war against the general population, and the global warming fraud is also part of it. On page 75 of the Club of Rome’s 1990 publication entitled The First Global Revolution, the organization outlined how they would manufacture ecological scares in order to manipulate the public into accepting the imposition of a dictatorial world government run by them.
“In searching for a common enemy against whom we can unite, we came up with the idea that pollution, the threat of global warming, water shortages, famine and the like would fit the bill…. All these dangers are caused by human intervention… The real enemy, then, is humanity itself,” states the report, which can be read in full at the end of this article.
Maybe that is why 31,487 scientists, including 9,029 with PhDs, reject manmade global warming.
There is no question that depopulation is the intended End Game of the global elite.
Al Qaeda is Run by the Pentagon/CIA
Al Qaeda is a U.S. tool forregional destabilization. In 1979, al Qaeda, in the form of the Mujahideen/Taliban, was America’s secret weapon in Operation Cyclone. It was geopolitical strategist Zbigniew Brzezinski, (Council on Foreign Relations, Trilateral Commission, Bilderberg Group member) then National Security Advisor under Carter, who trained and funded the Mujahideen to fight the Soviets in Afghanistan. Osama Bin Laden (aka Tim Osman) met with FBI agent Ted Gunderson in the 1986 as Gunderson openly explains. Most recently, the U.S. funded Al-Qaeda to topple Libya’s Gaddafi. “Admittedly the ‘rebel’ forces included more than 1,000 al Qaeda soldiers while enjoying total backing – weapons, planes, funding and forces – from the U.S., Britain, NATO and other allies.” The Bush and Bin Laden families invested together in the Carlyle Group.
False Flag Terror now Common Knowledge
With that said, it is becoming very difficult for the globalists to advance their policy using false flag terror. Kurt Haskell ensured that the public found out that the Christmas underwear bomber was a government patsy used to scare the American people into accepting airport naked body scanners.
Likewise, the American people didn’t fall for the bogus plot cooked up by the FBI and DEA to frame an Iranian used car dealer, claiming he tried to set up an assassination, thereby somehow justifying an attack on Iran.
Alternative Media – Whipping the New World Order
Secretary of State Hillary Clinton made a tacit admission during a U.S. Foreign Policy Priorities committee meeting, arguing that the State Department needs more money because the US military-industrial complex is “losing the information war” to the alternative media.
Like a bottle of 1947 Chateau Cheval Blanc, the alternative media keeps getting better. The talented researchers and journalists not beholden to corporate masters control the Overton Window. Ideas once thought radical, such as abolishing the private Federal Reserve and exposing false flag terror, are now freely discussed.
Whistleblowers and Researchers – Defeating the NWO
The globalists no longer have the benefit of secrecy. They have already played their cards.
Increasingly, more military and government employees are becoming whistleblowers, now that they are aware of the corrupt fascist agenda around them.
FBI Agent Coleen Rowley revealed the FBI’s willful failures to prevent 9/11.
During the early aftermath of September 11th, when I happened to be recounting the pre–September 11th events concerning the Moussaoui investigation to other FBI personnel in other divisions or in FBIHQ, almost everyone’s first question was Why?–Why would an FBI agent(s) deliberately sabotage a case? (I know I shouldn’t be flippant about this, but jokes were actually made that the key FBI HQ personnel had to be spies or moles, who were actually working for Osama Bin Laden to have so undercut Minneapolis’s effort.
That sounds similar to the 1993 World Trade Center bombing, where certain individuals within the FBI refused to let their informant Emad A. Salem stop the attack.
Lieutenant Colonel Anthony Schaffer went public regarding the existence of the Able Danger program that had identified alleged 9/11 lead hijacker Mohammed Atta and three other al-CIAeda operatives operating in the United States prior to 9/11.
Over 1,600 architects and engineers say the official 9/11 story is a fraud as do hundreds of government officials.
Other government whistleblowers and contractors have recently exposed plans to treat Americans as enemy combatants and the fact that FEMA concentration camps are being activated.
Former FBI agent Ted Gunderson exposed CIA drug running, false flag operations, mind control, and child abuse.
Even researcher Fritz Springmeier is back in action, exposing the crimes and mind control that the globalists inflict on humanity.
How to Stop the NWO Quickly
While the tide is turning and humanity is awakening, much more must be done to restore our freedoms and quality of life. We all must continuously perform the following simple actions:
Inform others of the real government by emailing them important articles.
Distribute flyers to inform your neighbors.
Boycott corporate sponsors of the Council on Foreign Relations, Trilateral Commission and Bilderberg Group.
Refuse to take any action that violates your conscience.
Practice agape love.
To conclude, in 2012 the Globalist agenda is ripe for defeat if we continue to inform others and refuse to support those attempting to enslave humanity.
Typical Comment from a Self-proclaimed Globalist Elite.
They Think That We Are All Homer Simpsons
The former boss of the Federal Reserve, Alan Greenspan, said the reason Gen-Xers are unemployed and suffering from a lower standard of living is because they are lazy, stupid, and unproductive. U.S. companies would be better off hiring immigrants.
“Baby boomers are being replaced by groups of young workers who have regrettably scored rather poorly in international educational match-ups over the last two decades,” said Greenspan. “The average income of U.S. households headed by 25-year-olds and younger has been declining relative to the average income of the baby boomer population. This is a reasonably good indication that the productivity of the younger part of our workforce is declining relative to the level of productivity achieved by the retiring baby boomers. This raises some major concerns about the productive skills of our future U.S. labor force.”
So-called Gen-Xers are not stupid and lazy. They are victims of globalism and outsourcing. Over the last two decades, jobs have been systematically stripped from the United States and exported to slave gulags in China and India. Gen Xers must compete with people who make two or three dollars a day.
NAFTA and globalist trade agreements are responsible for moving jobs out of the country, not the dismal test scores of Gen Xers.
Public education in the United States is not about creating intelligent, innovative and productive citizens. It’s about creating obedient citizens who no longer have the knowledge and skills to improve their lives and are dependent on government and large transnational corporations.
Public education prepares young people for world government. It is about destroying free will and replacing it with an acceptance of corporate totalitarianism, as Charlotte Iserbyt revealed in her book, The Dumbing Down of America.
In 1952, the Reece Committee learned that the Rockefeller Foundation and Carnegie Endowment for International Peace were working to turn schools into indoctrination centers designed to train students to accept one world government, socialism, collectivism and humanism.
Greenspan and the globalists are purposely flooding the country with immigrants. They are doing this not because immigrants are more intelligent and productive than Americans. They are doing it because desperate immigrants will work for less and will displace American workers.
Greenspan knows all of this. It is particularly reprehensible that he would blame the victims, especially considering the role he played in the globalist looting of America.
The Federal Reserve is the primary tool used domestically by the financial elite to wreck the U.S. economy and merge it into the globalist model.
Fox News plays right into the deception.
“But the lack of productivity Greenspan frets over can arguably also be set at the feet of our growing entitlement culture, which we explored in some detail several weeks ago for Entitlement Nation Week. Being a productive worker means having a commitment to honest labor,” writes Elizabeth MacDonald for Fox Business. “That has eroded as more people have relied upon the federal government for the growth of their household wealth. That, in turn, has led to a troubling change in attitude in this country.”
It has little to do with honest labor or entitlements. It has to do with bankers and multinational corporations exporting jobs to third world hell-holes lorded over by totalitarian thugs.
Fox’s job is to divert attention away from the real culprits and replace it with the false right-left narrative that drives politics in America as the globalists work behind the scenes to impoverish the nation and loot everything of value.
Like millions of Americans, Delaware Republican Senate nominee Christine O’Donnell has had trouble covering her mortgage and other bills over the years. Her opponents consider this a scandal of disqualifying proportions. But there’s a bigger disgrace: It’s all the sanctimonious Democrats who have exploited their entrenched political incumbency to pay for multiple manses and vacation homes — while posing as vox populi.
Former senior senator from Delaware and current Vice President Joe Biden has a custom-built house in Delaware’s ritziest Chateau Country neighborhood. It is now worth at least $2.5 million and is the Bidens’ most valuable asset. Biden tapped campaign funds to pay for his compound’s lawn needs. He secured the new estate with the help of a corporate executive who worked for Biden’s top campaign donor, credit card giant MBNA.
In 1996, Biden sold his previous mansion to MBNA Vice Chairman John Cochran. The asking price was $1.2 million. Cochran forked over the full sum. Biden then paid $350,000 in cash to real estate developer Keith Stoltz for a 4.2-acre lakefront lot. Stoltz had paid that same amount five years earlier for the undeveloped property.
Stoltz told the Wilmington News Journal that “the residential real estate market was soft” at the time he sold the land to Biden. But “soft” for whom? Stoltz was a well-off businessman who didn’t appear to be in such dire financial straits that he needed to unload the property quickly in a weak market.
Reporter Byron York looked at comparable properties in Biden’s neighborhood and found three cases where homes in the area went “for a good deal less than their appraised value. In comparison, it appears Cochran simply paid Biden’s full asking price.”
Biden’s office denied any sweetheart deals took place, but York noted that it appeared MBNA indirectly helped Cochran buy the Biden house through six-figure executive compensation funds listed as moving expenses and losses suffered on the sale of his previous home.
To be clear, no laws were broken. These arrangements were simply a continuation of Biden’s decades-long, Beltway business-as-usual relationships with a deep-pocketed corporate benefactor — which, by the way, later hired his son. Nice nepotism, if you can get it.
North Dakota Democrat Sen. Kent Conrad and Connecticut Democrat Sen. Chris Dodd made cozy arrangements with subprime sleaze lender Countrywide. Portfolio.com reported that Conrad “borrowed $1.07 million in 2004 to refinance his vacation home with a balcony and wraparound porch in Bethany Beach, Del., a block from the ocean.”
Senate Banking Chair Dodd received two discounted loans in 2003 through Countrywide’s VIP program. He borrowed $506,000 to refinance his elite townhouse in Washington, D.C., and $275,042 to refinance a home in East Haddam, Conn. Countrywide helpfully waived fractions of points on the loans. The lower interest rates could have saved Dodd a combined $75,000 during the life of the 30-year loans.
Dodd had known about the preferential treatment on his loans since 2003, yet continued to deny that he was treated like a VIP, refused to acknowledge wrongdoing and encouraged government-sponsored mortgage enterprises Fannie Mae and Freddie Mac to invest in Countrywide’s risky loans.
Not content with two shady home deals, Dodd got in on a real estate scheme for an Irish cottage and nearly 10 acres of land with William Kessinger, a businessman tied to his close friend, insider trader Edward R. Downe Jr.
Downe had pleaded guilty to tax and securities law violations and was banned for life from the business. In 2001, Dodd helped Downe obtain one of the treasured presidential pardons on Bill Clinton’s last day in office. A year after that, as Irish real estate prices went through the roof, Dodd purchased Kessinger’s share of the estate at a discount. He failed to include the obvious quid-pro-quo gift on Senate disclosure forms: Help a crooked friend, reap a cut-rate real estate deal.
Prominent members of Team Obama benefited from similar special home deals. Politico.com noted that the Clintons secured a $1.35 million loan from Democrat pal and fundraiser Terry McAuliffe for their New York estate; Obama special envoy Richard Holbrooke snagged a sweetheart loan to refinance his Telluride, Colo., ski vacation home from the Countrywide VIP program; and Obama’s close confidante and erstwhile vice presidential search committee panelist Jim Johnson accepted more than $7 million in below-market-rate loans from Countrywide.
Then there’s President Barack Obama’s own $1.7 million Chicago manse — which was financed with a discounted mortgage from Northern Trust and infamously included a shady land swap with convicted felon donor/developer Tony Rezko. A report released by the Federal Election Commission in February 2009 underscored that the Obamas received reduced loan rates (saving $300 a month, or $108,000 over the life of a 30-year loan) because of their high-profile positions.
Northern Trust offered the super jumbo loan to the Obamas in anticipation of entering “long-term financial relationships” with the successful couple. The FEC refused to call the Obamas’ mortgage deal an illegal corporate contribution, but it was an obvious act of favor-trading. Northern Trust employees had contributed $71,000 to Obama since 1990.
GOP candidates like Christine O’Donnell, who have weathered personal financial troubles, have a lot more in common with the 14 million Americans underwater on their mortgages than these privileged Beltway boys. Perhaps fat-cat Democrats in crony-funded houses should put down their stones.