Via Michelle Malkin, here is the
New York Sun:
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…
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.
Change? This is the same old same old; insiders with special access to cozy deals not available to the rest of us. Photo credit Goldman Sachs.
Via Michelle Malkin, here is the New York Sun:
