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Rezko owns vacant lot next to Obama's home
Chicago Tribune ^ | November 1, 2006 | Ray Gibson and David Jackson

Posted on 06/05/2008 6:50:22 AM PDT by Positive

When Sen. Barack Obama decided to buy a stately $1.65 million home last year on Chicago's South Side, Antoin "Tony" Rezko and his wife wasted no time. The same day the Obamas closed on the house, the Rezkos closed on the purchase of the adjoining vacant lot, which once was the estate's lush side yard.

(Excerpt) Read more at chicagotribune.com ...


TOPICS: Politics/Elections; US: Illinois
KEYWORDS: barackobama; convict; corruption; democratparty; democrats; elections; obama; rezko
Don't know if exerpt is required but just in case...

Remember who this paper is...the Sun article isn't showing this morning...

This article gets richer as one reads more...

1 posted on 06/05/2008 6:50:22 AM PDT by Positive
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To: Positive

Well, it matches the vacant lot in Obama’s head.


2 posted on 06/05/2008 6:51:55 AM PDT by Always Right (Was it over when the Germans bombed Pearl Harbor?)
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To: Positive

I’m still waiting for someone in the press to focus on the fact that Obama’s bagman Rezko was well connected with Saddam Hussein’s bagman Nadhmi Auchi, the primary oil-for-food money launderer.


3 posted on 06/05/2008 6:53:44 AM PDT by jpl ("Don't tell me words don't matter." - Barack Obama, via Deval Patrick)
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To: Positive

Nothing to see here, folks, move along...........


4 posted on 06/05/2008 6:55:42 AM PDT by Red Badger (NOBODY MOVE!!!!.......I dropped me brain............................)
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To: Positive

I never realized that being a community activist and a state senator paid so well. :)


5 posted on 06/05/2008 6:55:51 AM PDT by KingSnorky
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To: Positive

Empty suit, vacant lot.......I am sensing a theme here.


6 posted on 06/05/2008 6:55:58 AM PDT by tioga
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To: jpl

Explaining why Barack opposed the invasion.


7 posted on 06/05/2008 6:56:05 AM PDT by massgopguy (I owe everything to George Bailey)
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To: jpl
"Rezko was well connected with Saddam Hussein’s bagman Nadhmi Auchi..."

I'm old and out of touch...but wasn't there once an axiom that read..."A man is known by the company he keeps"?

8 posted on 06/05/2008 6:59:14 AM PDT by Positive (Nothing is sadder than to see a beautiful theory murdered by a gang of brutal facts.)
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To: Positive
The Obamas bought the house in June 2005 for $1.65 million--some $300,000 less than the asking price--and secured a $1.32 million mortgage from Northern Trust. Rezko's wife, Rita, bought the adjoining lot the same day, paying the full $625,000

So a neophyte home owner negotiates 20% off the asking price during a hot real estate market where homes are typically selling for 97%+ of asking price, and the savvy real estate investor negotiates a deal for FULL price. Nothing to see here.

9 posted on 06/05/2008 6:59:29 AM PDT by Always Right (Was it over when the Germans bombed Pearl Harbor?)
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To: Always Right
Curiouser and curiouser....

But would the Lame Stream Media feel so?

10 posted on 06/05/2008 7:04:05 AM PDT by Positive (Nothing is sadder than to see a beautiful theory murdered by a gang of brutal facts.)
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To: Positive
...the Sun article isn't showing this morning

Not sure what you mean here....

11 posted on 06/05/2008 7:05:21 AM PDT by willieroe
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To: KingSnorky

Michelle makes a lot of money.


12 posted on 06/05/2008 7:05:54 AM PDT by twigs
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To: Positive
"I'm old and out of touch...but wasn't there once an axiom that read..."A man is known by the company he keeps"?"

I think there's also something about dogs of a feather laying down together with flocking birds and getting up with fleas...;-)

13 posted on 06/05/2008 7:05:57 AM PDT by Joe 6-pack (Que me amat, amet et canem meum)
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To: Positive
But Obama said he pays his landscaper to mow Rezko's 7,500-square-foot yard.

So he only got .17 acres for $625K???? That's expensive real estate.

14 posted on 06/05/2008 7:06:28 AM PDT by Always Right (Was it over when the Germans bombed Pearl Harbor?)
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To: Always Right

It reads to me as Rezko giving Osama Obama a 300k kickback.


15 posted on 06/05/2008 7:07:11 AM PDT by Beagle8U (FreeRepublic -- One stop shopping ....... Its the Conservative Super WalMart for news .)
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To: KingSnorky

Community Activist is the ground level entry position that leads to becoming a Shake Down Artist.


16 posted on 06/05/2008 7:09:29 AM PDT by Red_Devil 232 (VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!)
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To: Beagle8U
It reads to me as Rezko giving Osama Obama a 300k kickback.

Money laundering, bribery, kickback...all sorts of interesting possibilities.

17 posted on 06/05/2008 7:11:30 AM PDT by Always Right (Was it over when the Germans bombed Pearl Harbor?)
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To: Positive

Will Tony sing to save his Bacon...............


18 posted on 06/05/2008 7:12:08 AM PDT by ncfool (Savage said that Islam is a Peaceful religion. Your very peaceful after they slit your throat!)
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To: Positive

This lot could end up next to the Midwest White House...


19 posted on 06/05/2008 7:12:10 AM PDT by Dixie Yooper (Ephesians 6:11)
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To: Always Right
Using a standard formula, Obama's appraiser estimated the 1,500-square-foot portion at a market value of $40,500.

But Obama felt it would be fair to pay the Rezkos $104,500,

Obambi is just a swell guy. What's 60k among thieves and corrupt politicians.

20 posted on 06/05/2008 7:14:07 AM PDT by A message
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To: willieroe
"...the Sun article isn't showing this morning..."

"Not sure what you mean here...."

There is an article on this at the Chicago Sun-Times...but when I click on the url below, the article is blank.

http://www.suntimes.com/news/politics/124171,CST-NWS-obama05.article

21 posted on 06/05/2008 7:14:12 AM PDT by Positive (Nothing is sadder than to see a beautiful theory murdered by a gang of brutal facts.)
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To: twigs
Michelle makes a lot of money.

....when her husband earmarks millions of dollars for a hospital that she is associated with...

22 posted on 06/05/2008 7:15:15 AM PDT by TexasNative2000 (Is this tagline governed by McCain-Feingold?)
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To: Positive

Put a barn and some bulls on it - the result would be what Obambi says about this purchase.


23 posted on 06/05/2008 7:15:22 AM PDT by nicola_tesla ("Life is Tough... It's Worse When You're Stupid".... John Wayne)
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To: Positive

Shouldn’t the headline read, “Rezko owns Obama”?


24 posted on 06/05/2008 7:16:10 AM PDT by popdonnelly (Does Obama know ANYONE who likes America, capitalism, or white people?)
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To: Positive

Obama pays his landscaper to mow and maintain Rezko’s 7,500-square-foot lot as well as his own property. After the 2006 Tribune story, Obama says he sent a bill to the subsequent owner for the work, but doesn’t recall how much it was.

“I confess that I didn’t look at it carefully. … I’m assuming a couple of thousand dollars. … We were probably paying a hundred to a couple of hundred dollars a month. I mean this is basically mowing a lawn and maybe trimming some brush. And, so, his half of it, I know that we actually got this reimbursed by the subsequent seller, or the subsequent owner. And so I can probably get you that figure. But I can’t imagine that it’s more than $1,000 or so.”


25 posted on 06/05/2008 7:17:21 AM PDT by WilliamReading
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To: popdonnelly
"Shouldn’t the headline read, “Rezko owns Obama”?

There is a new thread from National Review Online...they may see some angles that the Chicago paper doesn't...

http://www.freerepublic.com/focus/f-news/2026441/posts

26 posted on 06/05/2008 7:21:36 AM PDT by Positive (Nothing is sadder than to see a beautiful theory murdered by a gang of brutal facts.)
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To: Positive

This is not the vacant lot Barack knew.


27 posted on 06/05/2008 7:22:32 AM PDT by popdonnelly (Does Obama know ANYONE who likes America, capitalism, or white people?)
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To: popdonnelly
"This is not the vacant lot Barack knew."

Course not...had it been, he would have "flipped" this property for one nearer his church...

28 posted on 06/05/2008 7:33:17 AM PDT by Positive (Nothing is sadder than to see a beautiful theory murdered by a gang of brutal facts.)
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To: Positive

If elected, Obama will be the Mayor Daley of America.


29 posted on 06/05/2008 7:33:19 AM PDT by yobid (Tax me more. I want to "feel" rich!)
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To: popdonnelly

Barack Obama could no more disown that vacant lot than he could disown the entire Black Community.


30 posted on 06/05/2008 7:37:30 AM PDT by gridlock ( If Obama becomes "suddenly" radioactive, the Supers are going find new respect the Popular Vote.)
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To: yobid
"If elected, Obama will be the Mayor Daley of America."

Or the Robert Mugabe...

31 posted on 06/05/2008 7:38:30 AM PDT by Positive (Nothing is sadder than to see a beautiful theory murdered by a gang of brutal facts.)
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To: jpl; SunkenCiv; Beckwith; Fred Nerks; Candor7; forkinsocket; jazusamo; LucyT

bttt

Rezko was well connected with Saddam Hussein’s bagman Nadhmi Auchi


32 posted on 06/05/2008 7:44:48 AM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: jpl

Check out RezkoWatch.com for a trove of info re Hussein’s bagman Nadhmi Auchi, the primary oil-for-food money launderer...BHO is up to his scrawney neck with illegal funding from the worst of the Oil for Food scammers and other Narco/Criminal/tyrants world wide. If Hillary takes the VP position, we will know the fix is in!


33 posted on 06/05/2008 7:47:32 AM PDT by iopscusa (El Vaquero. (SC Lowcountry Cowboy))
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To: tioga
Empty suit, vacant lot.......

AsDennis Miller said, "Calling him an empty suit is an insult to clothes hangers."

34 posted on 06/05/2008 7:57:59 AM PDT by TBP
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To: TBP

THE REZKO TRIAL - Levine: Obama a guest at ‘04 party for tycoon
Chicago Tribune (IL) - April 15, 2008
Author: Bob Secter, Tribune staff reporter
Just weeks after winning the Democratic U.S. Senate primary in 2004, Barack Obama was the guest of developer Antoin “Tony” Rezko at a party for a controversial British billionaire whom Rezko was trying to lure into an investment, a witness testified Monday at Rezko ‘s corruption trial.

Stuart Levine, the government’s star witness, said Obama and his wife, Michelle, were among the guests at Rezko ‘s home on April 3, 2004, for the party honoring Nadhmi Auchi , an Iraqi-born tycoon currently appealing a fraud conviction in France.

As he campaigns for president, Obama has acknowledged social and political ties to Rezko , as well as a real estate deal between the two that involved Obama’s South Side home. But Obama has not disclosed his presence at the Auchi party, which Rezko threw as part of a campaign to persuade Auchi to pour money into a financially troubled 62-acre development in the South Loop.

Though not flatly disputing Levine’s assertion, Obama spokesman Ben LaBolt repeated what the senator has said: “Sen. Obama does not recall meeting Nadhmi Auchi at any time or on any occasion, and this includes any event that may have been held for Mr. Auchi ,” LaBolt said.

Rezko , a fundraiser for both Obama and Gov. Rod Blagojevich, is accused of conspiring with Levine to rig decisions of two state boards in exchange for kickbacks. Levine has pleaded guilty in the case and is testifying for the government, but Rezko ‘s lawyers have hit repeatedly at inconsistencies in his story as they contend his memories are clouded by decades of drug abuse.

Obama’s past ties to Rezko have caused political headaches on the campaign trail, and a spokesman for Democratic rival Hillary Clinton was quick Monday to highlight Levine’s latest allegations for political reporters in case they missed it.

In an interview with Tribune editors and reporters last month, Obama described the evolution of a relationship with Rezko that dates back to the early 1990s. He described Rezko as a political backer and not too close friend who in 2003 used his Wilmette home for a fundraising event for Obama’s then fledgling U.S. Senate campaign.

Otherwise, Obama said he and Rezko met for breakfast or lunch infrequently, dined once in Chicago with their spouses, and got together another time with their wives in Lake Geneva, Wis., where Rezko owned a home. Aside from the fundraiser, no mention was made of any other get-together at Rezko ‘s home.

Levine testified that he was at the Auchi party and saw the Obamas there as well as other political luminaries, including Lt. Gov. Pat Quinn and various cabinet officials in the Blagojevich administration. The governor was not in attendance, Levine said.

(snip)

Obama’s name in Rezko trial - Levine says senator attended bash for Iraqi crook
Chicago Sun-Times (IL) - April 15, 2008
Author: Natasha Korecki, Chris Fusco and Tim Novak, The Chicago Sun-Times

EXCERPT

News reports and now court testimony have linked presidential hopeful Barack Obama with Iraqi-born billionaire Nadhmi Auchi through Tony Rezko . Here’s a rundown:

March 11, 2004 — Obama met Middle Eastern bankers at the Four Seasons hotel in Chicago at a reception hosted by Rezko , who was courting potential investors for a 62-acre South Loop development. Auchi later took control of that project but did not attend, sources say.

April 1, 2004 — Auchi flew in to Midway Airport on a private plane and attended a Four Seasons reception hosted by Gov. Blagojevich. Rezko planned the event and was there. Obama was not.

April 3, 2004 — Auchi attended a dinner party at Rezko ‘s Wilmette mansion. Obama and his wife, Michelle, also were there, according to testimony Monday at Rezko ‘s corruption trial. The Obama campaign’s response: “Senator and Mrs. Obama have no recollection of attending any such event.”

Oct. 11, 2006 — Charges against Rezko announced.

Jan. 28, 2008 — Rezko was jailed for withholding details of his finances — including a $3.5 million payment from an Auchi company in April 2007.


35 posted on 06/05/2008 8:09:51 AM PDT by maggief
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To: KingSnorky
I never realized that being a community activist and a state senator paid so well.

Community activist -- cattle futures.

The guy is more Clintonian than the Clintons.

36 posted on 06/05/2008 8:13:46 AM PDT by TBP
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To: iopscusa
If Hillary takes the VP position, we will know the fix is in!

I'm a tad slow this morning...what does that mean?
37 posted on 06/05/2008 8:16:01 AM PDT by Miss Didi ("Good heavens, woman, this is a war not a garden party!" Dr. Meade, Gone with the Wind)
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To: Miss Didi
Sorry Miss D...what I am implying is that this Rezko trial is just getting started and there is a lot of dirty hands involved especially regarding Iraqi-born billionaire Nadhmi Auchi...this crook has been convicted of stealing Billions of $$ from post Saddam Iraq...he was installed by the provisional Guv/US - Bremmer to be Minister of Electricity and then jailed and converted in IRaq for stealing. He was sprung by allegedly Black water, is wanted by Interpol, yet he comes and goes into Chicago distributing $$ to Rezko, Obama??, etc. Why does no US authority pick this guy up????
38 posted on 06/05/2008 8:51:40 AM PDT by iopscusa (El Vaquero. (SC Lowcountry Cowboy))
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To: iopscusa
Okay...so Clinton Inc. tells Barry to put her on the ticket or they'll expose this? I'm still not getting the Hillary connection.

By the way, we need Eric Shawn on this...he is an expert on Oil for Food.
39 posted on 06/05/2008 8:57:58 AM PDT by Miss Didi ("Good heavens, woman, this is a war not a garden party!" Dr. Meade, Gone with the Wind)
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To: Positive
A grand jury should be questioning Rezko about this deal while waving two alternative sentences for his recent conviction on 26 felony counts under his nose:

1] 25 years in the pen
2] 12.5 years in the pen

It's called negotiation!

40 posted on 06/05/2008 9:58:18 AM PDT by HardStarboard (Take No Prisoners - We're Out Of Qurans)
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To: KingSnorky; massgopguy; Positive; Always Right; Beagle8U; Red_Devil 232; A message; AdmSmith; ...

/bingo

thanks to All for all the links

State worker puts up home for Rezko bail
October 25, 2006
by Chris Fusco and Dave McKinney
http://www.suntimes.com/news/politics/109708,CST-NWS-rezko25.article

[snip] Mustafa Abdalla, a $75,000-a-year contracting supervisor for Central Management Services, put up his Libertyville home to help Rezko meet a $2 million bail, records show. Abdalla’s is one of nine properties that friends and family of Rezko offered so Rezko wouldn’t have to sit in jail as he awaits trial. [end]

from 2008:

http://blogs.suntimes.com/sweet/


41 posted on 06/05/2008 10:11:55 AM PDT by SunkenCiv (https://secure.freerepublic.com/donate/_________________________Profile updated Friday, May 30, 2008)
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