Posted on 02/02/2009 3:21:31 PM PST by AndrewWalden
Interestingly, First Hawaiian's ownership structure leads back to Nadhmi Auchi, a former Iraqi Baathist official of Saddam Hussein's government, who more recently financed business ventures with now-convicted-felon and Chicago political 'fixer' Tony Rezko creating a condition of "longstanding indebtedness" of Rezko to Auchi's holding company. Rezko funded the political campaigns of impeached Illinois Governor Rod Blagojevich and President Barack Obama. Rezko also assisted Obama in the purchase of his Chicago mansion.
(Excerpt) Read more at hawaiifreepress.com ...
Ping the Posse ping!!
Nothing to see here.
Move on...
Tony Rezko creating a condition of "longstanding indebtedness" of Rezko to Auchi's holding company.
Rezko funded the political campaigns of impeached Illinois Governor Rod Blagojevich and President Barack Obama.
Rezko also assisted Obama in the purchase of his Chicago mansion.
Getting more-interesting-by-the-day ping.
More about Auchi
In April of 2004, Iraqi-born billionaire Nadhmi Auchi attends a dinner party held in his honor at the home of Tony Rezko. In 2005, Auchi lends Rezko $3.5 million, three few weeks before Rezko’s wife pays full price ($625,000) for an empty lot adjacent to a $1.95 million mansion Obama buys on the same day – at a $300,000 discount, for $1.65 million.
In 2004, Iraqi billionaire Nadhmi Auchi (who lives in London) flies to Chicago in a private jet and meets at the Four Season Hotel with Tony Rezko, Illinois Governor Rod Blagojevich, and Obama. At this point, both Blagojevich and Obama are aware that Rezko is already under investigation for illegal activities involving kickbacks for political favors.
In June, 2005, Obama purchases a mansion in Chicago’s Hyde Park neighborhood, for $1.65 million ($300,000 less than the asking price), with the help of friend, fundraiser, and political “fixer” Tony Rezko; Rezko’s wife, who earns $37,000 per year, purchases the empty lot adjacent to the Obama house for the full price of $625,000, with a down payment of $125,000. Obama’s 5.625 per cent mortgage is for $1.32 million, through the Northern Trust Bank. At the time of the purchase, it is already widely known that Rezko is under investigation; Obama deals with him anyway. Three weeks before the purchase, $3.5 million is loaned to Rezko by Nadhmi Auchi, a wealthy Iraqi who lives in England. (Rezko is convicted in 2008 of receiving kickbacks for political favors.) Mrs. Rezko then sells a 10-foot strip of the empty lot to Obama, for $104,500. (The transaction leaves Rezko with an unusable empty lot with no street access.) Rezko later asks Obama to help Auchi obtain a visa to travel in the United States in 2005; the State Department refuses – partly because Auchi, a member of Saddam Hussein’s Baath Party and former high-ranking official in his oil Ministry, had been found guilty of corruption charges in France.
The Syrian-born Rezko’s money ties to Iraq may go back decades, and to Saddam Hussein. Nadhmi Auchi, who is apparently Rezko’s main money man, dealt with Hussein as early as 1959 and in a failed assassination attempt on Prime Minister Abdul Karim Qasim.
And much much more.
Wonder how much we can trace into Obama’s coffers?
If you put all of the connections together it would like like one huge spider-web!!!!
Avoids subprime lending? Didn’t O’s mom work at First Hawaiian or Bank of Hawaii?
Warren Buffet is the majority shareholder in Wells Fargo and they also avoided subprime. Fellow travellers the Sandlers dumped their World Savings (with pick a payment mtgs) on Wachovia.
Wachovia blows up - Wells Fargo scoops it up. The dems and their operatives set this whole thing up with CRA lawsuits from a young community organaizer then moles in Fannie & Freddie like Emmanuel and Gorelnick plus others.
This was all a set up. Come on Fitz - America needs a hero.
Would be interested in that answer also. I am getting SO confused. Obama has so many strings tied to him.
I'm pretty sure it was First Hawaiian.
A manager at Compass Bank told me the same thing about their bank. They hadn’t been involved in the subprime loans and are in good shape and giving loans to qualified borrowers.
That info was at the LameCherry blog well before the election, along with the article of Madelyn Dunham and banking that contained a link to Hawaii banking. No suprise here.
My bank in Kansas did not get involved in sub-prime loans, and it made more in 2008 than it did in 2007.
O’s grandma I thought worked for Bank of Hawaii and it had connections to Indonesia. HI is very lib and it is probably more corrupt than IL. Bishop Estate Trust and other lib scams.
Thanks, LucyT
Follow the Money Ping.
Right you are.
Here’s one you might not even know about. It is several years old but I just came across it yesterday:
http://www.hawaiireporter.com/story.aspx?9e33c138-dd41-4641-8c12-3f27f7ce2cf
Looks like that story disappeared. Another O scrubbing of history like the USSR.
For your reading edification go here but make sure you click the link at the bottom of the first article after you read it:
http://lamecherry.blogspot.com/2008/09/dont-come-looking-at-gramama-obamas_28.html
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