That's a slogan Glen Reynolds came up with.
Obama didn't do anything uniquely wrong. Plenty of politicians get great rates on their Home Loans. It's part of greasing the right wheels.
As Bob Owens notes "Barack Obama did precisely what every other politician does, and nothing more. The only reason this story merits any attention is that Obama's campaign has created a mythology around him that casts him as a reformer."
You'd think Obama, a man who has been politically ambitious for a long time would realize that deals like this would tarnish his reformer rep.
Heck he could have refused a sweetheart rate, insisted that he get the normal rate, and then have a great story to tell later on, but he didn't.