Shortly after joining the U.S. Senate and while enjoying a surge in income, Barack Obama bought a $1.65 million restored Georgian mansion in an upscale Chicago neighborhood. To finance the purchase, he secured a $1.32 million loan from Northern Trust in Illinois.

The freshman Democratic senator received a discount. He locked in an interest rate of 5.625 percent on the 30-year fixed-rate mortgage, below the average for such loans at the time in Chicago. The loan was unusually large, known in banker lingo as a “super super jumbo.” Obama paid no origination fee or discount points, as some consumers do to reduce their interest rates.

Compared with the average terms offered at the time in Chicago, Obama’s rate could have saved him more than $300 per month.

Washington Post

Clearly the appropriate thing for Obama to do would be to demand that his interest rate as well as those of all the other greedy rich people be raised a few percent so that the poor and downtrodden who are losing their homes to foreclosure can get a break on their rates and stay in their homes.  I think that pretty much lines up with Obama’s general philosophy of wealth redistribution.  He should make an example of himself to show how much he cares about the little guy.