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In reply to the discussion: Can you spell tone deaf? H-I-L-L-A-R-Y. Hillary Clinton: We Were 'Dead Broke' Upon Leaving WH [View all]MADem
(135,425 posts)He put most of the cost of the house in an escrow account, and if they defaulted on the loan, he would have been responsible for the repayment. It was kind of like co-signing, one step removed.
They didn't qualify for a loan, otherwise. That kind of speaks to their financial situation when they left DC, despite the snark you're seeing here.
Yes, they had earning potential, but it wasn't yet realized. No bank would give them the scratch without that security.
Ronald Reagan, almost immediately after leaving the WH, went on a short week and a couple of days trip to Japan for which he was paid two million bucks to eat a few meals, shake hands, take pictures, meet and greet people, and give a couple of very brief talks. In addition to the two million, he also, of course, got luxury accommodations and a massive private jet with bedroom and full bath to get him to and fro.