Sen. Santorum Gets $500,000 Bank Loan Not Available To Average Penn. Residents...

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First Posted: 02-21-06 01:23 PM   |   Updated: 03-28-08 02:43 AM

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The American Prospect:

SEN. RICK SANTORUM and his wife received a $500,000, five-year mortgage for their Leesburg, Va., home from a small, private Philadelphia bank run by a major campaign donor - even though its stated policy is to make loans only to its "affluent" investors, which the senator is not.

Good-government experts said the mortgage from The Philadelphia Trust Co. raises serious questions about Santorum's conduct at a time when he is the Senate GOP's point man on ethics reform. They said it would be a violation of the Senate's ethics rules if Santorum received something a regular citizen could not get.

Read the whole story: The American Prospect

Filed by Alex MacCallum
 



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