Today, the Obama campaign responded, saying that, “anyone with the Obamas’ financial profile could have gotten the same rate on that mortgage.”
Obama's spokesman Ben LaBolt went on to say that,
... the Obama family was flush with cash at the time they were loan shopping and that the bank in question, Northern Trust, sought their business by offering a lower mortgage rate and to respond to a competitive mortgage rate offered by another lender. LaBolt would not identify the lender “at this time.”(Emphasis mine).
Flush with cash? I thought he was still paying his college loans???
So his excuse for Obama receiving this "sweetheart deal" is that another company -- whom he won't name -- was offering an even sweeter deal???