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Barack Obama -- No I Won't!

2/25/2009 1:52 PM PST BY TMZ STAFF

Barack ObamaWe've been calling the White House for the last day, trying to get a reaction from the Prez on our story about the lavish parties Northern Trust threw in L.A. last week. We finally got a statement back -- "No comment."

Remember, this is a bank that got $1.6 billion in bailout money and blew a wad of cash paying Sheryl Crow, Chicago, and Earth, Wind & Fire. And then there were the dinners, the Tiffany gift bags, the fabulous cocktail parties -- all from the bank that laid off 450 workers in December.

Obama was under fire for a mortgage he got from Northern Trust back in 2005. Obama got a 5.625% rate, which was lower than the going rate of about 6%. The Federal Election Commission recently ruled no laws were violated and the rate was in line with other mortgages.

But "no comment." Really?



235 COMMENTS

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76.

sable    

# 62 proves my point on the mentality of the people that will look to this site for a decent political conversation!

2045 days ago
77.

roberta    

You know, I feel that Obama is doing the right thing not issuing comments before checking all facts involved. I much prefer someone who give some educated thoughts to what he says, over someone who responds simply to respond...because of the pressure to pleases the public. While I feel that Obama wants to do whatever he can to help America become successful, I believe that unlike many of his predecessors, he prefers not to suffer the same "Foot in mouth" disease that they often suffered by spouting off comments prematurely. I feel he shows a large amount of integrity in the choices he is and has been making. We must as a nation remember that just because he is the President of the United States, he is not a miracle worker or saint. He can only work with what he has been dealt, and make the best decisions he knows how. Not to mention that at least he is willing to think before he speaks, ergo, he is aware and willing to take responsibility for his own actions and choices, not blame them off on others. I say Kudos to you Barack Obama. May you stay true to whom you have shown yourself to be thus far.

2045 days ago
78.

KODIACK    

Funny how the racist obama haters continue their attempt to tarnish OUR black presidents image.....
nice try though

2045 days ago
79.

Dee-light    

RE: 56

Oops - that last bit was from the Department of Redundancy Department. WichImeantersay:

... and in need of a more substantial response as the great Lewinsky debacle was in the late '90's.

2045 days ago
80.

anonymous    



It's Obama fault!

2045 days ago
81.

sokrmom    

What happened to "transparency"??!!!! I can see right through Obama just fine, but I'm pretty sure that's not the type of transprency he meant??!!

And regardless of tabloid news vs. "real" news, surely he has to know that a "no comment" response to a tabloid news entity is going to be highlighted much more than with a "real" news entity??!! Just show the "transparency" we were promised, and everything will be just fine!!!

Thanks for listening!

2045 days ago
82.

T    

ARE YOU PEOPLE SERIOUS! YOU JUST WANT TO FIND SOMETHING WRONG WITH OUR PRESIDENT! DID WE FORGET THAT PRESIDENT GEORGE BUSH BASICALLY THREW $750 BILLION OUT THE WINDOW IN OCTOBER FOR THE CAR INDUSTRY, WALLSTREET, AND MORTGAGE BAILOUT! NO ONE CAN ACCOUNT FOR ANY OF THAT MONEY!

HAD WE HAD THE "RIGHT" PEOPLE IN OFFICE TO PUT THEIR FOOT DOWN AND FOLLOW THOSE FUNDS WE WOULD NOT NEED BASICALLY AN ADDITIONAL BAILOUT! THE CAR INDUSTRY IS ASKING FOR MORE MONEY, WALLSTREET IS STILL IN A SHAMBLES, AND CITI BANK, WELLS FARGO, BANK OF AMERICA ALL MANAGED TO GIVE THEIR HUNDRED THOUSAND DOLLAR BONUSES TO CEO'S JUS LIKE WALL STREET! WAY TO TO GO BUSH!

WHY ARE WE WATCHING OUR CURRENT PRESIDENT SO CLOSE, IS IT B/C OF HIS RACE? DID WE CARE ABOUT HOW MUCH BUSH OR CLINTON PAID FOR THEIR "PERSONAL MORTGAGES!" GIVE ME A FREAKIN BREAK PEOPLE! GET A LIFE! SO WHAT IF HE GOT A GOOD RATE! WHAT THE HELL DOES THAT MEAN!?

WE NEED TO FOCUS ON OUR ECONOMY, OUR SPENDING ETC AND QUIT WORRYING ABOUT EVERYONE ELSE!
OBAMA AND HIS WIFE MADE PLENTY OF MONEY BEFORE HIS PRESIDENCY! THIS IS ACTUALLY A PAY CUT! SO GET OFF HIS BACK AND WELCOME TO THE 20TH CENTURY U IDIOTS!

AND ITS ABOUT TIME TO ADDRESS HIM AS PRESIDENT BARAK OBAMA, DONT YOU THINK!

2045 days ago
83.

sable    

BLAH...BLAH...BLAH...BLAH...BLAH...BLAH...

2045 days ago
84.

DaveO    

Obama is our lacky we put him in office. Why would he care what we do. And he won't touch us because we have dirt on him.

2045 days ago
85.

Bite Me !    

Umm "No comment." mean no Sh!t! there's something fishy about it.

2045 days ago
86.

stormy    

The gov't. should make the bank give the money back! If they didn't need it or ask for it, then return the bailout and it can be used for someone who really needs it, such as the street ie. tent -people without a home! Why is there no one being accountable for this Bail Out Monay??? All the CEO's who blow it should be fired immediately and replace them with a responsible CEO who will actually use it to stimulate the economy, employ people and make a profit. Fire the other irresponsible bastards who lost all the money and put their company in the red. Get some control over this Bail Out Moneuy Now!

2045 days ago
87.

TT    

Can someone shoot this man so I can go on record as saying "FINAL I AM PROUD OF MY COUNTRY"

2045 days ago
88.

G    

TMZ you have my total support with these topics!! This is an outrage that this is going on! People need to start getting real and focus on these very important issues that effect all of us!, just like loser octomom sucking the state dry! stay on top of all this!! GOOD JOB!

2045 days ago
89.

She is hot    

JENK,,,

Hahahahaha,,,, Obama is not president to me, he is a FRAUD!!! People like yourself believe to even question Mr. Obama means that we are questioning his race which is absolutely hilarious!! He could be blue, green, orange, yellow! I do not give a dang!! If you actually believe there will be checks and balances for this $$$ that us taxpayers are giving then look at how well he vetted his own nominees!!! He did not!! Every time he speaks the Market drops more!! Obama will be and is the WORST president this country will have ever seen!!!!!!

2045 days ago
90.

aliya    

It's PRESIDENT Barack Obama...Show some respect!

2045 days ago
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