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When will Pelosi and the House do something about Offshore Drilling ?
11 AnswersPolitics1 decade agoNBC CBS ABC all going with Obama for staged campaign Events ?
Obama trip to Iraq will include all the Major broadcasting outlets
(Fox wasnt mentioned)
For staged campaign events - is this a good strategy ? or
high risk
McCain went in March of this year to the war zone without all of this coverage ?
6 AnswersPolitics1 decade agoIowa floods will it get out of control like New Orleans ?
14 AnswersCivic Participation1 decade agoObama filling sandbags in Quicy,IL - is he pandering ?
Obama filling sandbags in Quicy,IL - is he pandering ?
18 AnswersPolitics1 decade agoWhat is Code Pink?
8 AnswersPolitics1 decade agoJames Johnson here ! then gone - whats up with the Obama Campaign ?
James Johnson, one of three people tapped by Mr. Obama recently to oversee the search for his running mate, took at least five real estate loans totaling more than $7 million from Countrywide Financial Corp. through an informal program for friends of the company's CEO, Angelo Mozilo, the Wall Street Journal reported Saturday. The Journal said at least two of the mortgages, among a series of loans made available to people Countrywide officials called "friends of Angelo," were at rates below market averages, though it is difficult to predict a market rate without access to nonpublic information about a borrower's credit history and other factors that can reduce interest charges on a loan.
Among the loans to Mr. Johnson, according to the Journal, were a $5 million home equity line of credit against a house in Ketchum, Idaho, a 5.25% loan of $1.3 million for a home in Palm Desert, Calif., and a 3.875% loan of $971,650 for a home in Washington, D.C. The interest rates applied for the first five years of the loans.
"That reeks most high," a public relations specialist and vocal critic of Mr. Mozilo, Bonnie Russell of Del Mar, Calif., said. "Where's the 'change to believe in' if they're playing the same old game using the same old players?"
9 AnswersPolitics1 decade agoIf Obama "doesnt vet the vetters" then who does ?
concerning his choice for his search group for VP
Jim Johnson (dealing with Countrywide Mortgage)
Eric Holder - involved with Clinton Admin - some questionable
Pardons
1 AnswerGovernment1 decade agoObama and Jim Johnson relationship does it conflict with Obama rhetoric ?
James Johnson, one of three people tapped by Mr. Obama recently to oversee the search for his running mate, took at least five real estate loans totaling more than $7 million from Countrywide Financial Corp. through an informal program for friends of the company's CEO, Angelo Mozilo, the Wall Street Journal reported Saturday. The Journal said at least two of the mortgages, among a series of loans made available to people Countrywide officials called "friends of Angelo," were at rates below market averages, though it is difficult to predict a market rate without access to nonpublic information about a borrower's credit history and other factors that can reduce interest charges on a loan.
Among the loans to Mr. Johnson, according to the Journal, were a $5 million home equity line of credit against a house in Ketchum, Idaho, a 5.25% loan of $1.3 million for a home in Palm Desert, Calif., and a 3.875% loan of $971,650 for a home in Washington, D.C. The interest rates applied for the first five years of the loans.
"That reeks most high," a public relations specialist and vocal critic of Mr. Mozilo, Bonnie Russell of Del Mar, Calif., said. "Where's the 'change to believe in' if they're playing the same old game using the same old players?"
On the campaign trail, Mr. Obama has criticized Countrywide's executives. "These are the people who are responsible for infecting the economy and helping to create a home foreclosure crisis. Two million people may end up losing their homes," Mr. Obama said in March at a town hall meeting in Lancaster, Pa.
The Chicago Tribune reported that the senator from Illinois "fumed" over a total of $19 million in bonuses set to be paid to Mr. Mozilo and the president of Countrywide, David Sambol. "They get a $19 million bonus while people are at risk of losing their home. What's wrong with this picture?" Mr. Obama asked.
In a written statement issued in March, the senator called the payments "an outrage" and suggested Mr. Mozilo and others had "tricked" homeowners into unaffordable loans. "These executives crossed the line to boost their bottom line," Mr. Obama declared.
A spokesman for the Republican National Committee, Danny Diaz, yesterday called the loans to Mr. Johnson "highly questionable" and said they conflicted with Mr. Obama's public comments. "Barack Obama needs to immediately address this matter; otherwise, his rhetoric will continue to prove to be nothing more than complete hypocrisy," Mr. Diaz said.
Aides to Mr. Obama had no immediate response yesterday afternoon to a request for comment for this article. An attorney for Mr. Johnson, Brian Brooks, did not respond to e-mail and telephone messages seeking comment yesterday. However, in a statement to the Journal, Mr. Brooks defended the loans as "well within the band of standard industry practices with regard to price and structure of loans to borrowers of Mr. Johnson's background."
3 AnswersRenting & Real Estate1 decade agoObama says "This is Our Time" who is the "our" that he refers too ?
28 AnswersElections1 decade ago