You know Stephens isn't going to print a retraction.
He should, but he won't.
He's just another guy who prostituted himself. If you whacked him upside the head, his eyeballs would turn into a couple of two "sold out" signs.
** Ka-Ching!!! **
Oh, BTW. This trivial microscopic slander makes one thing clear. These bits of pondscum are frantically grasping for any tiny bit of flotsam that they hope can keep their heads above water. If they weren't so fond of projection, they wouldn't worry so much. Obama will cut a deal after he's elected and none of them will be prosecuted.
But they don't know that. And if the situations were reversed, they'd have Obama publicly impaled.
So they're running scared. I can just imagine.
The smarter half of the entire Republican crime syndicate must be staining their trousers right about now.
no one actualy belivies the story...teh racists use it as cover to "not trust" obama...but no one actualy thinks a 5.whatever mortage durign the erar of frekishly low intrest is odd....in fact obamas intrest rate is on the high side.
Yeah.
I quote from the pondscum of interest himself, link courtesy of Hubris Sonic.
"5.625 percent on the 30-year fixed-rate mortgage"
Fixed rate mortgages were in fee fall for about four years there, as the Fed refused to raise the prime. 5.625% is nothing to write home about. My credit union has gone as low as 5.5, within the year, on 30-year fixed rate mortgages.
And, quite frankly, I suspect an competent evaluator would probably report that Mr Obama is an excellent credit risk.
Not so good on 4'th Amendment flip-flops.
But the way that guy organizes things, I'll bet that every buffalo on every single nickel in and out of his wallet screams separately.
This is such a non-story. Sure someone with "average" credit wouldn't have gotten that rate. But how much do you want to bet the Obamas have excellent FICO scores and look even better to any human evaluating their creditworthiness.
Of course plenty of repukes got sweethart deals from the likes of Countrywide, so they just can't imagine democrats weren't doing the same thing.
Me too RE the 5.6 not being anything to write home about. I made the mistake of showing up for a few open houses during the real ramp-up of the building boom in LIC about a year ago, and when they saw me--Single White Chick with a white-collar job at a Fortune 50 company and a near-perfect credit rating--they did everything short of offering to paint my apartment and cook for me to get me to sign off on a long-term mortgage to move units. Believe it or not i've seen rates LOWER than 5.6 offered on the 30 during those days.
This is a total non-story.
Chris Stefan dude I had bad credit adn got refinace offers in that range.
I think the Washington Post is confused by two things here:
1) Obama's black. Wasn't he offered the sub-prime rate first? I mean there is nothing more American than the white loan officer giving the minority couple a crappy loan interest rating even when they have good credit.
2) You needed a mortgage? You mean you just didn't buy a house with your trust fund? Steve used to talk a lot about how journalistic organizations used to weed out anyone who came from a low-income or even middle-income family(namely through unpaid internships). This class view finds its voice in any number of Washington consensuses and on the top celebrity journalist end makes them look down on anyone that isn't yet part of the ownership class. Especially someone like Obama who they like to have around, but whom they don't actually want to have more power than them.
So in the end it's pretty must just racism, but no one will call him on it because he is just being "an excellent investigative reporter". McCain doesn't pay taxes on one of the multiple properties that he or his wife owns, and its just a shrug and a "so what?" And these are the people that have long and agonizing forums on the crisis in the newspaper industry? I believe the unanimous conclusions of most tend to be "People are stupid and the internet sucks and is full of crap".
Truth be told, we did a refinance about the same time and got a slightly better rate than Barack.
What a stupid, stupid, non-story.
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