Obama Getting Ripped Off
- President Barack Obama lists assets worth between $1.95 million and $7.15 million, of which $1 million to $5 million were in Treasury notes, according to financial disclosure forms released on Thursday.
[...] The president reported a 30-year mortgage of between $500,000 and $1 million on his Chicago residence at a 5.625 percent interest rate. He has retirement plans from the Illinois General Assembly and the University of Chicago.
And the vice-president::
- Vice President Joe Biden reported assets of between about $230,000 and $850,000. He is entitled to a $230,700 salary.
[...] Biden's liabilities include a mortgage of between $500,000 and $1 million at a 3.375 percent interest rate and a home equity line of credit of between $250,000 and $500,000.
The VP is paying two-and-a-quarter points less on his mortgage rate than the president? This has got to be some bogus bank racism of some sort. Hasn't anyone explained how easy it is to re-fi the Obama home? Is Tony Rezko available to handle/fix this obvious oversight?
Labels: silly people, we got nothing
posted by SCC at 12:01 AM
39 Comments:
In case you didn't notice O'Dumbo isn't the sharpest knife in the box when it comes to business. Probably has a low credit score.
Our president is a good and caring man. Just the type to be ripped off by those rascally republican money lenders.
I have a better interest rate on my house than Obama.
Not smart enough to refinance when the rates dropped and he is running the country. great. Just great.
Maybe Obama has bad credit. He sure knows how to go over budget a lot.
I am always looking for the "like" button When I am reading these!
Retired
Biden has been in DC for over 40 years and hasn't even made his first million?
I know he was a little slow, but even the dumbest Congress Critter can usually clear a million in 10 years. Amy Klobuchar was supposedly so poor, she needed a U-haul to get to DC in 2006. Now she has almost made her first million, and she has only been in the Senate for 8 years.
Slow Joe must be reallllly slow.
Why the hell such a great span in the numbers?
The POTUS' assets are worth between $1.95 and $7.15 million? Couldn't narrow that down a bit? Might that be to help come tax season?
Can you imagine your Better Half responding with "between $800 and $3,000" when you inquired what s/he spent shopping?
And Biden only has assets topping-out at $850,000?! I'm not buying that nonsense. This dumb-as-a-stump, high school educated blueshirt has more accumulated wealth than that, debt-to-asset ratio considered.
Both of these jokers are totally full of shit.
Well Zero shows his financial incompetence on his personal mortgage, unfortunately we suffer that incompetence on the national level.
Obama probably financed through one of Rezko's "guys" who took "care" of him.
It's like buying a car .... if you do well in one part of the deal they'll clip you in a different part of the deal.
Obama bought his property for way, way less than market value( through Rezko) so they clipped him on the mortgage rate.
He must have a shit credit rating. He shou;d get a HARP loan!!
I'm not sure how they calculated these assets but Biden has a castle down in Naples Florida on a private island worth over 8 million. Just another democrat hiding his wealth while he takes yours.
he can pay off his house with a change from his left pocket....don't believe everything you read
Money means little to God! And we all know Obongo is the Messiah.
Hey second city ... It must be a slow news day for you. I guess there's nothing us to report good or bad about CPD. It would be nice to have something nice to read about or have a Open Post
What do you mean 1 to 5 million. Which is it 1 or 5? There are no ball park figures in accounting.
Man O Bamako got redlined that dam Acorn group!
Our president, he is just one of us, nothing special about him. Just another one of guys, an everyday Joe six pac.
Biden should purge his WHITE PRIVILEGE by paying for Obama's house!
Now you see why the U.S. economy is in shambles. The prez can't manage his own investments and budget because he doesn't understand basic economic strategy.
Wait until his term is over. That's when he'll make the big money. How much do the ward bosses owe him for all the federal money that he's sent to Chicago to be stolen?
Obama never had a job so how can he have millions ?
This says it all. My rental property has a lower rate.
Obama probably financed through one of Rezko's "guys" who took "care" of him.
5/17/2014 03:31:00 AM
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and probably told him that if he financed with him, hell give him 500.00 bucks from his commission LOL!
Biden has likely transferred his assets to family members and trusts, the way many families do as the parents get older, which would account for him not 'owning' much in the way of assets.
Anonymous Anonymous said...
It's like buying a car .... if you do well in one part of the deal they'll clip you in a different part of the deal.
Obama bought his property for way, way less than market value( through Rezko) so they clipped him on the mortgage rate.
5/17/2014 03:34:00 AM
Do they still figure mortgage rates according to zipcode of the property? Obama house is in Kenwood, I wouldn't live there, within the sound of beating war drums and gunfire. Biden is from Maryland, perhaps a tony neighborhood.
When we were still had the CPD detail on the POTUS house I was on the checkpoint one afternoon. A woman who lived on the block was doing the pick up the kids ritual, neighbors kids too I guess, She made several trips back and forth into the forbidden zone. She dutifully stopped at my car each time.
I said to her one time, "I bet you're sick of all this security." She said "Oh no, not at all, it has been months since anyone has stolen anything from our back yard." I had to laugh, the president is a couple of houses away and this high class Hyde Park neighborhood was plagued by your usual ghetto thieves and miscreants. It took an army of police, secret service agents and army intelligence and counter terrorism personnel to make the back yards safe for the wives and kids.
If he could do math he'd sell some of his T bonds and pay off his mortgage.
He can afford his own library, with all its sealed records.
How about Joe Biden’s son, Hunter Biden. Hunter is a legal consultant lobbyist for the Ukraine’s largest gas and oil supplier Burisima. Burisima’s core business is fossil fuels, the major contributor of greenhouse gases worldwide. Hunter Biden is an academic professor at Georgetown U, lawyer, lobbyist and consultant. Forget the green agenda his university tirelessly advances and packages for consumption of the American public. Never mind his father talking up those green jobs of the future while chastising Americans for energy use which contributes to a greater quality of their lives.
How about advancing America’s energy interests namely the Keystone pipeline. We hear silence from global warming alarmists and the green movement denouncing the vice president son’s contribution to climate destruction. Where is the tired old “Big Oil” media themes and the accompanying universal condemnation. Its just another example of Washington D.C.’s hypocrisy. What about that $4.00 a gallon gasoline?
Yes, hunter is not an elected official but he has access and influence with top U.S. foreign policy makers. His millionaire partners in his New York law firm are making oodles of money from petroleum peddlers whose products use results in poisonous CO2 gases on a worldwide scale. Hunter is making all that consulting money amassing his personal fortunes while turning the clock back on all the progress of the green energy movement. Money talks and climate change propaganda walks. Everything is good as long as the right consultants are handsomely paid and the right policy makers see the light formulating the most “appropriate” policy.
Barry got a high interest rate due to lousy credit score, likely below 400 and was prolly lucky to get a loan at all.
That's due to his less than stellar employment and residence history; the guy can't hold onto a job very long and he moves around a lot. Even the IL General Assembly is technically, irrc, a Part-Time job, and his present job won't last longer than eight years and to boot he lives in Public Housing (/s).
But the real dinger to his Credit Score was 'prolly' him having to surrender his Law License to the Illinois Bar Association for Perjury -- before they Disbarred him: He had to swear under oath if he ever went by a name other than, 'Barack H Obama', the dope answered NO, somehow 'forgetting' about his other legal name of 'Barry Soetoro' and 'Barry Obama' that he used in school.
The IL Bar found out about those other names pretty fast and it was either 'Surrender your license, or we disbar you'. -- he surrendered. So as it sits, 'Barry' cannot practice law after his term expires. Oh, and fat-ass Queen Michelle had to surrender HER IL Law License too. Her reason is not known publicly but she cannot practice law either.
(fucking deadbeats)
ripped off? not likely. just cuz old Joey boy is paying 2 points less? barry O dont give a fuck. the financial wing of the bolshviks will take care of him quite comfortably once he vacates DC. so he could give a tinkers fuck about 2 mortgage points on a house he isnt gonna keep anyway once his fuckery is done. so if he wants sympathy from me, in the dictionary between shit and syphillis.
Hey Cuthbert J Twillie
Please site your sources. I've never heard about law license of either being taken. I didn't know either ever practiced law. I thought he was just a community activist and / teacher. And she was just a consultant that was over paid for a no show job at university of Chicago.
Obama has poor credit because he was a community organizer. Only when he entered politics did he actually pay taxes. I'm sure he'll have some sort of federal assistance program to use tax payers money. Our he'll sue and claim racism. Any way you look at it, we lost. He will turn this country into a second world country. Amerikuh!
Is it against the law to apply for student loans as a foreign student ? What type of investigative reporters do we have?
The same thing with his friend and neighbor Bill"the bomber" Ayers's wife and co conspirator. Bernadine Dorn. The shame of all this is that Northwestern higher end Dorn and the University of Chicago hired the OBamas. And UIC hired Bill Ayers. What a slap in the face to all Americans to hire radicals that hate America. But all three take the universities money don't they ?
If he's so broke, how can he send Michelle on so many vacations?
I Voted For Obama said...
If he's so broke, how can he send Michelle on so many vacations?
5/17/2014 09:24:00 PM
Because he doesn't pay for them. You,as a taxpayer pay
Heh...
Rezko making out like a bandit on the vigorish?
>Snicker!<
A coven of thieves, busters and dolts are running this city, county, state and nation...
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