Skip to comments.Another Body Blow… Trump Goes After Obama’s Close Ties to Crook Rezko
Posted on 04/11/2011 10:38:53 PM PDT by My Favorite Headache
The RNC released this web video titled Lapse in Judgement back in 2008.
The ad revealed Barack Obamas dealings with convicted felon and close friend Tony Rezko.
This great ad described Obamas relationship with the Chicago crook. Unfortunately, the left-wing media didnt do its job and protected Obama from any honest attacks during the 2008 campaign.
Today Donald Trump went after Obamas close ties to convicted criminal Tony Rezko. IB Times reported:
President Obama never did a deal in his life except with Tony Rezko, said Donald Trump on Fox News.
People should look into that one, he added.
Trump once again went on the offensive against Obama. His previous point of attack was doubts over Obamas birthplace. Now, its the latters long history with Tony Rezko, who Hillary Clinton in 2008 called a slum landlord.
Rezko is am Illinoisan political fundraiser who was convicted for fraud and bribery in 2008. He was accused of using his political position to extort money from businesses seeking contracts from the Illinois Teachers System Board and the Illinois Health Facilities Planning Board.
Back in the 1990s (before Rezkos offenses took place), two companies owned by Rezko gave the first ever contributions to Obamas Illinois Senate campaign. In the 2000s, he served on Obamas U.S. Senate campaign finance committee.
In 2005, Rezkos wife bought a lot adjacent to a house Obama purchased for $625,000 and subsequently sold a part of it to Obama. The deal generated much controversy back in Obamas 2008 presidential campaign.
Reverend Jeremiah G-D America Wright
Youre on standby.
He is making complete fools of the whole GOP.
There is one thing Trump has...money. He isn’t afraid to piss anyone off because he can afford his own campaign. The GOP on the other hand...calls my house every week 2 or 3 times looking for 10 or 20.00...what ever I can give. LOL. I tell them when they tell McCain to step down and get leadership with balls...I might consider it.
born June 14, 1946 in Queens, New York, NY (Meets the Jus Soli Requirement)
Frederick Christ Trump, born October 11, 1905 in Queens, NY, died June 1999 in Queens, NY
Mary Ann MacLeod, born May 10, 1912 in SCOTLAND, died August 7, 2000 in Queens, NY. Arrived in US October 5, 1935. Married January 1936. Naturalized as a US Citizen March 10, 1942.
Both parents were US Citizens at the time of his birth (Meets the Jus Sanguinis Requirement)
Donald Trump is a NATURAL BORN CITIZEN unlike Comrade Barry Soetoro aka Barack Hussein Obama.
“He is making complete fools of the whole GOP.”
Well . . .
Speaking truth to power vacuum.
“He is making complete fools of the whole GOP.”
Like Truman said, he isn’t “giving ‘em hell, he’s telling ‘em the truth...it just feels like hell.”
Heh heh heh ... the Grand Old Potty better sh*t or get off it.
Except for Sarah Palin, there is no high profile Republican who doesn’t also have a present office to worry about.
Palin’s tickled pink at what Trump’s doing. When he hits pay dirt, she’ll be close behind saying she thought so.
God help Trump, he’s part liberal and part conservative, he has stumped for Democrats, but he doesn’t have the problem of mollifying a liberal piece of his constituency. I don’t think the Democrats counted at all on Trump acting this way.
They have nothing in the bag. They are out of gas or something. Seems like they are just trying to keep the Democrat built welfare state from crashing. Or trying to protect their share of the Loot.
I recall him getting in a big fight with the Palm Beach Zoning about his huge American Flag.
Ain't the hardest thing to do, at all.
In fact it's damn easy.
Or trying to protect their share of the Loot.
Donald firing on ll cylinders!
I am so tired of them all. All of it.
Its so damned refreshing.
....it SO truly is!. If Palin/West aren't the Team, I'm going with whomever promises drilling for oil here in the U.S. If that's Trump......then Fine With Me!
You WERE talking about Obama, right?!?!?
I nominate Trump for the 2011 Pulitzer for Investigative Journalism. Liking the Donald more & more.
Actually they are trying to keep it from collapsing on top of us and destroying us all.
“Speaking truth to power vacuum.”
I’m nominating this for the tagline in chief election. Brilliant.
I stand to second that motion.
It’s almost more important for him to be focusing on Rezko. There’s reportedly enough there to look into bringing a felony charge against the golfer-in-chief, and thus is top contender for most provable article of impeachment.
“I’m going with whomever promises drilling for oil here in the U.S. If that’s Trump......then Fine With Me!”
Trump has already said he wants oil drilling here in the U.S.
“Its almost more important for him to be focusing on Rezko. Theres reportedly enough there to look into bringing a felony charge against the golfer-in-chief, and thus is top contender for most provable article of impeachment.”
By the way, Tony Rezko is a Muzzie. Funny that.
Trump should keep on raising questions about this chump!
Next up, he could release his college transcript just prove how smart he is and Barry would have to release his or look stoopid.
Nobody expected Donald Trump. The man is a hoopla magnet. All of the sinister things about Obama that the MSM refused to allow into the public consciousness in 2008 have become new and media-worthy, thanks to The Donald. The MSM has always liked him, plus they’re afraid of him, and he’s ratings gold for them. They can’t shout him down with accusations of racism. They can’t dismiss him and they can’t demonize him (as hard as they may try in the coming days).
Trump has found a way to increase his microphone time, bask in the public spotlight and raise the value of his brand. If he keeps this up, he’s going to find himself more popular and well regarded than even he could possibly ever have imagined. He’s got to be absolutely elated with the attention and adoration he’s generating.
Now we need someone who can capitalize politically on the road The Donald is paving for a revitalized GOP presidential campaign. The biggest monkey wrench in the whole perfect storm is that we don’t have that person, at least as far as I can see.
In the meantime, as the article says, get ready Reverend “G.D. America” Wright...it’s almost your turn.
I’m a tiny businessman compared to Trump but we deal with millionaires all the time. The true American businessmen & women recognize that this country is about to financially collapse from all of our debt and unfunded entitlements. I won’t get hurt too bad but people like Trump, they will big time, and he’s pissed. People like Buffett tried their best to lick O’s back side and hope to sway that absolute ignorant punk. But! he still keeps driving his socialist dream off a cliff. Trump may not be a Thomas Paine but he is what is needed at this time and let us all pray that this countries people wakes up. We need Bill Gates and many other billionaires to get out of their compfort zones and at the very least do what’s best for their employees. Stop Socialism and remember the low taxes and freedom that put them where they are today. We have a government spending problem, not a a revenue problem. And while I’m ranting!!!! Get rid of the IRS NOW.
Obama's "community organizing" left Chicago neighborhoods in ruins.
Grim proving ground for Obama's housing policy
"About 99 of the units are vacant, many rendered uninhabitable by unfixed problems, such as collapsed roofs and fire damage. Mice scamper through the halls. Battered mailboxes hang open. Sewage backs up into kitchen sinks. In 2006, federal inspectors graded the condition of the complex an 11 on a 100-point scale - a score so bad the buildings now face demolition."
Maybe his search for VP could be like one of his tv shows. Start with 5 candidates, kick them out one by one til you have a winner. Put it on the network. What a hoot!
Curiouser and curiouser...
Reaching across the aisle with a big 2X4
beating the daylights out of the dims.
Another Body Blow Trump Goes After 0bamas Close Ties to Crook Rezko
. . . . Great article. - Then read # 27 , and # 28.
Thanks, Brown Deer.
Let him remind People of all the Dirt the media has swept under the rug for Ubama !!
Let Trump speak out ...he isn't hurting the Republicans ...HE IS HURTING UBAMA !!
He is the only one out there ...with a pair !!
shaking the cobwebs out of all the dark corners of government
He might just institute a weekly "question time" in the House and Senate (like they have in UK)
Where he comes down and takes Q&A from all comers.
We had the Rezko story way back in 2008. Zer0 made me think he took the torch from the Teflon Man who we also called Slick Willy. At that time, Zer0 could walk on water, heal the sick and walk around with no clothes. I hope this latest exposure is not greeted with a blind eye.
RNC: (Obama) What We Learned
Last update: 10/18/2008 1:42:00 PM
A Complaint Filed in an Illinois Court Sheds Additional Light on the Land Deal Involving Obama and the Rezkos
WASHINGTON, Oct 18, 2008 /PRNewswire-USNewswire via COMTEX/ The following was released today by the Republican National Committee:
In A Complaint Filed In Cook County Circuit Court, A Bank Official Stated That An Appraisal Of The Property Rita Rezko Purchased Next To The Obamas Had Been Replaced With A Higher One:
Kenneth Conner, A Former Illinois Bank Official, Filed A Complaint Stating That Bank Officials Replaced A Loan Reappraisal Prepared By Conner For Property Purchased By Rita Rezko, Tony Rezkos Wife, With A Higher One And That Conner Was Fired When He Questioned The Document. A former Illinois bank official, now claiming whistleblower status, says bank officials replaced a loan reappraisal that he prepared for a Chicago property that was purchased by the wife of now-convicted felon Tony Rezko, part of which was later sold to next-door neighbor Barack Obama. In a complaint filed Thursday in the Circuit Court of Cookme County, Kenneth J. Connor said that his reappraisal of Rita Rezkos property was replaced with a higher one and that he was fired when he questioned the document. (Jerry Seper, Complaint Hits Rezko Land Deal, The Washington Times, 10/18/08)
Conner Reviewed The Appraisal Of The Rezko Property, Which Set The Value At $625,000, And Told His Bosses That The Property Had Been Overvalued By At Least $125,000. According to the complaint, Mr. Connor reviewed the appraisal of the Rezko property by another firm, Adams Appraisal, which had set the value at $625,000. Mr. Connors complaint said that he told his bosses in a report that the property had been overvalued by at least $125,000 and that a reasonable and fair evaluation should have been no greater than $500,000. (Jerry Seper, Complaint Hits Rezko Land Deal, The Washington Times, 10/18/08)
Later, Conner Observed That His Lower Appraisal Was Not In The Rezko File, Which Had Been Reviewed By The FBI. Later, the complaint states, Mr. Connor observed that his lower appraisal was not in the Rezko file and that he notified his supervisors that it had been replaced. He said, according to the complaint, the new file had been reviewed by the FBI and if the FBI were to ask me about such matters, I would tell them the truth. I never rescinded my original findings. (Jerry Seper, Complaint Hits Rezko Land Deal, The Washington Times, 10/18/08)
The Complaint Also Noted That The Bank Received A Grand Jury Subpoena Requiring It To Produce Files Relating To Mrs. Rezkos Purchase And Finances. Mr. Connor, a real estate and commercial credit analyst at the Mutual Bank Corp. in Chicago, also noted in the complaint that the bank received a grand jury subpoena in October 2006 requiring it to produce information concerning Mrs. Rezkos purchase, including the banks files on the property. The complaint also said that the grand jury wanted information on Mrs. Rezkos checking account and loan file and that the Federal Deposit Insurance Corp. (FDIC) had audited the Rezko file - although Mr. Conners lower reappraisal had been replaced with a higher amount. (Jerry Seper, Complaint Hits Rezko Land Deal, The Washington Times, 10/18/08)
WHAT WE KNOW Obama Engaged In A Boneheaded Land Deal With Rezko:
Obama Paid $300,000 Less Than The Asking Price For His Chicago Mansion, While Rezkos Wife Paid Full Price For A Vacant Lot Next Door On The Very Same Day. Two years ago, Obama bought a mansion on the South Side, in the Kenwood neighborhood, from a doctor. On the same day, Rezkos wife, Rita Rezko, bought the vacant lot next door from the same seller. The doctor had listed the properties for sale together. He sold the house to Obama for $300,000 below the asking price. The doctor got his asking price on the lot from Rezkos wife.(Tim Novak, Obama And His Rezko Ties, Chicago Sun-Times, 4/23/07)
The Seller Of Obamas Home Wanted To Sell Both Properties At The Same Time. On the same day Obama closed on his house, Rezkos wife bought the adjacent empty lot, meeting the condition of the seller who wanted to sell both properties at the same time. (Brian Ross and Rhonda Schwartz, The Rezko Connection, ABC News The Blotter Blog, abcnews.go.com, 1/10/08)
But Obama Could Not Afford To Purchase The Parcel Of Land Rezkos Wife Purchased. The parcel included an adjacent lot which Obama told the Chicago Tribune he could not afford because it was already a stretch to buy the house. (Brian Ross and Rhonda Schwartz, The Rezko Connection, ABC News The Blotter Blog, abcnews.go.com, 1/10/08)
Obama Originally Downplayed His Interactions With Rezko Prior To The Purchase, But Later Admitted He Also Walked The Property With Rezko Before Purchasing It. When the transactions were first reported, Mr. Obama said only that he had asked Mr. Rezko, as a developer, whether he thought the house was worth buying. But last month, Mr. Obamas campaign staff said the senator also recalled walking around the house and the adjacent lot with Mr. Rezko. (Mike McIntire and Christopher Drew, As Developer Heads To Trial, Questions Linger Over A Deal With Obama, The New York Times, 3/2/08)
Then - A Few Months Before Rezko Was Indicted - Obama Bought Part Of That Lot From Rezkos Wife.(Tim Novak, Obama And His Rezko Ties, Chicago Sun- Times, 4/23/07)
Though The Strip Purchased By Obama Was Valued At $40,500, He Paid $104,500 For It. Later, the Obamas bought a 10-foot-by-150-foot piece of the lot for $104,500. An appraisal put the value of the strip at $40,500, a spokesman said, but Obama considered it fair to pay one-sixth of the original price for one-sixth of the lot. It wasnt something we needed to have, Obama said. It was something I thought would be nice, if it worked economically for him. (Peter Slevin, Obama Says He Regrets Land Deal With Fundraiser, The Washington Post, 12/17/06)
At The Time Of Obamas Purchase, Rezko Was Also Under Investigation For Influence-Peddling In Gov. Blagojevichs Administration. At the time Obama bought that strip of land, it had been reported that Rezko was under federal investigation for influence-peddling involving the administration of Blagojevich, whose campaign also received Rezkos financial support. Rezko has since been indicted for allegedly demanding kickbacks from companies seeking state business under Blagojevich. (Tim Novak, Obama And His Rezko Ties, Chicago Sun-Times, 4/23/07)
When The Property Was Sold, Mr. Obama Knew Rezko Was Under Investigation On Fraud Charges. (Jerry Seper, Complaint hits Rezko land deal, The Washington Times, 10/18/08)
Obama Called His Purchase Of The Land A Boneheaded Move Because Rezko Was Already Under A Cloud Of Concern. I am the first one to acknowledge that it was a boneheaded move for me to purchase this 10-foot strip from Rezko, given that he was already under a cloud of concern, Obama said. I will also acknowledge that from his perspective, he no doubt believed that by buying the piece of property next to me that he would, if not be doing me a favor, it would help strengthen our relationship. (Rick Pearson, Obama Believes Himself A Viable Candidate For Presidency, Chicago Tribune, 12/14/06)
Obama: Theres No Doubt I Should Have Seen Some Red Flags In Terms Of Me Purchasing A Piece Of Property From Him.(Peter Slevin, Obama Says He Regrets Land Deal With Fundraiser, The Washington Post, 12/17/06)
Mutual Bank Has Lent More Than $3.4 Million To Tony Rezko:
Since 2002, Mutual Bank Has Lent More Than $3.4 Million To Rezko. Mahajan and his bank also have had business dealings with Rezko, who pleaded not guilty this month to federal charges he tried to squeeze millions in kickbacks and campaign contributions from firms seeking approval from two state boards. Since 2002, Mutual Bank has lent more than $3.4 million to Rezko and his partners in three deals, according to a review of public records. (David Kidwell, Ray Long And Rick Pearson, Governors Wifes Deals Questioned, Chicago Tribune, 10/27/06)
In One Deal, Mutual Bank Lent Rezko $1.32 Million. In one, Mahajans bank lent $1.32 million to Rezko on several pieces of property that were deeded back and forth between Rezko partners both before and after the loan was secured. Banking experts said such moves raise questions about who owned the property used as collateral for the loan. (David Kidwell, Ray Long And Rick Pearson, Governors Wifes Deals Questioned, Chicago Tribune, 10/27/06)
President And CEO Amrish Mahajan Said He Did Not Know The Property Was Transferred In The $1.32 Million Deal. Mahajan said Thursday he had no idea Rezko and his partners had transferred the property used to secure the loan and said that would be a violation of the mortgage contract. (David Kidwell, Ray Long And Rick Pearson, Governors Wifes Deals Questioned, Chicago Tribune, 10/27/06)
Amrish Mahajan: We do not go checking on every loan. ... The mortgage was paid on time, and if I remember correctly it has been satisfied. (David Kidwell, Ray Long And Rick Pearson, Governors Wifes Deals Questioned, Chicago Tribune, 10/27/06)
In 2005 Records Show That Amrish Mahajan Signed Renegotiated Loan Papers Between Rezko And Rezkos Partner Abdelhamid Chaib. In 2005, records show, the Rezko partner who took out the loan with RezkoAbdelhamid Chaibpaid off most of the loan and renegotiated a smaller loan of $156,000. Mahajan signed the renegotiated loan papers. (David Kidwell, Ray Long and Rick Pearson, Governors Wifes Deals Questioned, Chicago Tribune, 10/27/06)
Mutual Bank Also Held The Mortgage On A Lot Next To Obamas House That Rezkos Wife, Rita, Bought. Mutual Bank, records show, has loaned money to Rezko. In 2005, Mutual Bank held the mortgage on a lot that Rezkos wife, Rita, bought next to U.S. Sen. Barack Obamas south side house. Rita Rezko later sold Obama a 10-foot-wide strip of her lot, which enabled his family to expand their side yard.(Chris Fusco, Carol Marin and Eric Herman, Woman With Ties To Govs Wife Charged: Accused Of Bilking Taxpayers Out Of Thousands, Chicago Sun-Times, 3/8/07)
Amrish Mahajan Was Among Nine Other Individuals Involved With Allegations Of Corruption In The Rezko Trial.
A month before opening arguments were made in Antoin Rezkos federal corruption trial, Gov. Rod Blagojevichs top lawyer issued a memo to the governors senior aides. The Feb. 8 directive called on staff members to search their computers, calendars and files for any information relating to Rezko and eight other notable people whose names have found their way into allegations of corruption within state government. ... Others on Quinlans list include ... Amrish Mahajan, a Chicago banker who has raised money for Blagojevich... (Kurt Erickson, Memo Issued On Rezko Month Before Trial, The [Illinois] Pantagraph, 5/14/08)
Former CEO Of Fannie Mae And Former Obama Adviser Jim Johnson Resigned Under Criticism:
Jim Johnson Is The Former CEO Of Fannie Mae. (David A. Vise, Fannie Mae Lobbies Hard To Protect Its Tax Break, The Washington Post, 1/16/95)
Jim Johnson, The Former Chairman Of Fannie Mae Who Was One Of Three Advisors Tapped By Democrat Barack Obama To Vet Vice Presidential Candidates, Resigned Today After Questions Were Raised About Favoritism He May Have Received From Countrywide Financial Corp.(Johanna Neuman, Barack Obama Advisor Jim Johnson Quits Under Fire, Los Angeles Times, 6/12/08)
Johnson Remains A Bundler For Obamas Presidential Campaign And Has Committed To Raising $100,000 To $200,000. (Obama For America Website, , Accessed 5/19/08)
In 1998, Fannie Maes Earnings Were Manipulated, Which Resulted In Maximum Payouts To Executives Including CEO Jim Johnson. As CEO of Fannie Mae, Johnson, a former chief of staff to Vice President Walter F. Mondale and chairman of the board of the Kennedy Center, was the beneficiary of accounting in which Fannie Maes earnings were manipulated so that executives could earn larger bonuses. The accounting manipulation for 1998 resulted in the maximum payouts to Fannie Maes senior executives $1.9 million in Johnsons case when the companys performance that year would have otherwise resulted in no bonuses at all, according to reports in 2004 and 2006 by the Office of Federal Housing Enterprise Oversight. (Jonathan Weisman and David S. Hilzenrath, Obamas Choice Of Insider Draws Fire, The Washington Post, 6/11/08)
The Manipulation Resulted In Johnson Receiving A Bonus Of Over $1.9 Million When He Otherwise Would Not Have Earned A Bonus. An Office of Federal Housing Enterprise Oversight report in September accused the company of improperly deferring $200 million of estimated expenses in 1998, which allowed management to receive full annual bonuses. Had the expenses been recorded that year, no bonuses would have be en paid, the report said. Fannie Mae reported paying bonuses in 1998 to Johnson, who received $1.932 million; Raines, who then was chairman-designate, $1.11 million; Chief Operating Officer Lawrence M. Small, $1.108 million; Vice Chairman Jamie S. Gorelick, a former deputy attorney general, $779,625; Chief Financial Officer J. Timothy Howard, $493,750; and Robert J. Levin, who was executive vice president for housing and community development, $493,750. (Albert B. Crenshaw, High Pay At Fannie Mae For The Well-Connected, The Washington Post, 12/23/04)
Johnson Also Received Fees And Compensation From Fannie Mae Worth $3.3 Million Between 2001 And 2006. Johnson left the company before it was swept up in an accounting scandal that tarred its reputation, but even during the years of scandal, Johnson was reaping hundreds of thousands of dollars in consulting fees and other compensation, $3.3 million in all between 2001 and 2006. (Jonathan Weisman and David S. Hilzenrath, Obamas Choice Of Insider Draws Fire, The Washington Post, 6/11/08)
In 1998, Fannie Mae Improperly Deferred $200 Million Dollars In Expenses, Which Allowed Johnson To Receive Nearly $2 Million In Bonuses; Johnson Would Not Have Received A Bonus If The Money Had Been Properly Expensed. An Office of Federal Housing Enterprise Oversight report in September accused the company of improperly deferring $200 million of estimated expenses in 1998, which allowed management to receive full annual bonuses. Had the expenses been recorded that year, no bonuses would have been paid, the report said. Fannie Mae reported paying bonuses in 1998 to Johnson, who received $1.932 million; Raines, who then was chairman-designate, $1.11 million; Chief Operating Officer Lawrence M. Small, $1.108 million; Vice Chairman Jamie S. Gorelick, a former deputy attorney general, $779,625; Chief Financial Officer J. Timothy Howard, $493,750; and Robert J. Levin, who was executive vice president for housing an d community development, $493,750. (Albert B. Crenshaw, High Pay At Fannie Mae For The Well-Connected, The Washington Post, 12/23/04)
In 1998, Johnson, Then-CEO Of Fannie Mae, Hosted The Opening Ceremony Of A Lobbying Office In Oklahoma. The concern is whether such efforts were made to bolster Fannies business more than to advance philanthropic goals. Critics say the foundation helped to reinforce ties with various congressional groups forged by Fannies in-house lobbyists. At times the two seemed indistinguishable: They often sponsored events in tandem. Both were big donors to the CBCFs annual awards gala in 2003 and a similar black-tie event for the Congressional Hispanic Caucus Institute in 2002. In 1998, then-CEO Jim Johnson hosted the opening ceremony of a lobbying and public relations office in Oklahoma, an event attended by former Oklahoma Governor Frank Keating and then-Senator Don Nickles (R-Okla.). But wearing his other hat as the foundations chairman, Johnson also took the opportunity to announce $125,000 worth of grants to local charities. (Dawn Kopecki, Philanthropy, Fannie Mae Style, Business Week, 4/2/07)
Obama Solicits Advice From Former Fannie Mae CEO Franklin Raines, Who Was Under The Shadow Of A $6.3 Billion Accounting Scandal:
The Obama Campaign Has Solicited Franklin Raines, Who Stepped Down As Fannie Maes Chief Executive Under The Shadow Of A $6.3 Billion Accounting Scandal, For Advice On Mortgage And Housing Policy. In the four years since he stepped down as Fannie Maes chief executive under the shadow of a $6.3 billion accounting scandal, Franklin D. Raines has been quietly constructing a new life for himself. He has shaved eight points off his golf handicap, taken a corner office in Steve Cases D.C. conglomeration of finance, entertainment and health-care companies and more recently, taken calls from Barack Obamas presidential campaign seeking his advice on mortgage and housing policy matters. (Anita Huslin, On The Outside Now, Watching Fannie Falter, The Washington Post, 7/16/08)
Like Jim Johnson, Raines Received Low-Rate Home Loans From Countrywide, A Major Seller To Fannie Mae. Fannie Maes former CEO, Jim Johnson, resigned Wednesday as the leader of likely Democratic presidential nominee Barack Obamas search for a running mate after The Wall Street Journal reported that he and another former CEO, Franklin Raines, received low-rate home loans from troubled mortgage lender Countrywide Financial Corp. a major seller of home loans to Fannie Mae. (Alan Zibel, Fannie Mae CEO Says Ethics Policy Bans Discounts, The Associated Press, 6/12/08)
Former Fannie Mae Chairman Frank Raines Was Accused Of Manipulating The Companys Earnings. Former Fannie Mae chairman and chief executive Franklin D. Raines, accused of manipulating the housing finance companys earnings, is challenging regulators to make their case against him beginning Feb. 16 instead of waiting until the end of the year. (David S. Hilzenrath, Fannie Maes Former Chief Wants Earlier Hearing Date, The Washington Post, 2/6/07)
Raines Was Forced Out As Fannie Maes CEO In December 2004. Former chief executive Franklin D. Raines and chief financial officer J. Timothy Howard were forced out Tuesday night after accounting mistakes that could cost Fannie $9 billion in reported profit. (David S. Hilzenrath, Fannie Mae Exit Packages Face Review, The Washington Post, 12/23/04)
Under Raines Leadership, Fannie Mae Committed Extensive Financial Fraud And Was Forced To Pay A $400 Million Civil Penalty. In a May report, the Securities and Exchange Commission and the Office of Federal Housing Enterprise Oversight found that Fannie Mae under Raines perpetrated extensive financial fraud so that executives could collect big bonuses. There have been no criminal charges, but the conduct of Raines and other senior Fannie executives was inconsistent with the values of responsibility, accountability, and integrity, the agencies said. Fannie paid a $400 million civil penalty this year to the SEC and OFHEO. (Jay Hancock, Op-Ed, Raines Claiming Accountability Isnt Enough, The [Baltimore] Sun, 12/10/06)
Penny Pritzker, Obamas National Finance Chairman And Hyatt Heiress, Co- Owned Superior Bank FSB, A Subprime Mortgage Lender:
Penny Pritzker Is The National Finance Chairman For Barack Obama. And Penny Pritzker, a Chicago philanthropist, serves as Mr. Obamas national finance chairman even as her brother, Jay Robert, holds fund-raisers across town for Mrs. Clinton. (Jodi Kantor, In Democratic Families, Politics Makes For Estranged Bedfellows, The New York Times, 2/4/08)
Penny Pritzker Is An Heiress To Hyatt Hotel Fortune. As billionaire Penny Pritzker stood in the kitchen of her Lincoln Park home in early January, she and her husband debated whether her schedule could take on another massive challenge. The Hyatt hotel heiress was running multiple businesses, trying to spend time with her two teenage children and dealing with numerous civic and philanthropic responsibilities. (John McCormick, Pritzker Blazes Campaign Trail, Chicago Tribune, 9/30/07)
The Pritzker Family Owns Ticketmaster. Ticketmaster first became a center of controversy in the music world 13 years ago, when alternative rockers Pearl Jam declared war on what they called an unjust monopoly and it all started in Chicago. Though Ticketmaster was founded in 1978, its rise to prominence in the concert world really began in 1982, when it was purchased for $4 million by Chicago investor Jay Pritzker, head of the billionaire family that owns the Hyatt hotel chain. From that point on, its headquarters were based in Los Angeles, and it quickly became the dominant force in ticket sales nationwide. (Jim DeRogatis, Chicago And Ticketmaster: The History, Chicago Sun-Times, 6/17/07)
The Pritzker Family Co-Owned Superior Bank FSB. Ms. Pritzker, who declined to be interviewed, has confronted other challenges, including the 2001 collapse of Superior Bank FSB, which the Pritzker family co-owned, resulting in a $460-million payment to federal regulators, and a rift over family assets that settled out of court in 2005. She oversees the Pritzker familys non-hotel real estate interests and chairs its TransUnion LLC credit bureau. (Steven R. Strahler, Penny Pritzker, Chicago Crains Business, 5/7/07)
Superior Bank Was A Subprime Lender That Made Risky Mortgage And Auto Loans To People With Poor Credit Histories. Auditors Ernst & Young...agreed to pay the FDIC $40 million in restitution in connection with the collapse of the bank, a subprime lender that made risky mortgage and auto loans to people with poor credit histories. It had about $2 billion in assets when it was shuttered. (Kathy Bergen, Millions For Pritzkers In Settlement, Chicago Tribune, 12/28/04)
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If Obama got elected, despite all the info about his connections with Rezko, how is it going to effect his reelection? People didn’t care. They should, but they don’t. They do care about other things Obama has done. Why not focus on those?
Obama Has Maintained A Friendship With A Now Convicted Felon
OBAMA AND REZKO HAVE HAD A RELATIONSHIP FOR 20 YEARS
WASHINGTON, June 4 /PRNewswire-USNewswire/ — The following is being issued by the Republican National Committee:
Rezko Offered Obama A Job After Law School And The Two Have Been Friends Ever Since:
Rezko Offered Obama A Job When He Was A Harvard Law Student And The Two Have Stayed In Touch Ever Since. “One of them was Sen. Barack Obama (D-Ill.), who was offered a job by Rezko in the early 1990s while a top student at Harvard Law School. Obama did not take it, but over the years, the two men stayed in touch, and Rezko backed Obama’s successful 2004 U.S. Senate campaign, raising money and contributing his own.” (Peter Slevin, “Obama Says He Regrets Land Deal With Fundraiser,” The Washington Post, 12/17/06)
— “Obama Said He Has Known Rezko For 20 Years...” (Rick Pearson, “Obama Believes Himself A `Viable Candidate’ For Presidency,” Chicago Tribune, 12/14/06)
Obama And Rezko’s Socializing Included Their Wives And A Trip To Rezko’s Lake House:
Obama And Rezko Socialized Over Lunch Or Breakfast And Discussed Politics And Family. Obama: “We’d [Obama and Rezko] continue to have lunches or breakfasts. We’d talk about politics. We’d talk about family.” (Sen. Barack Obama, Interview With Chicago Sun-Times, Chicago, IL, 3/15/08)
Obama And Rezko Would Also Socialize With Their Wives Over Dinner. Obama: “In terms of other than lunch or breakfast he and I had, socially, Michelle and I probably had a couple of dinners, or two or three dinners with [Rezko] and his wife during the course of this six or seven or eight years.” (Sen. Barack Obama, Interview With Chicago Sun-Times, Chicago, IL, 3/15/08)
The Obamas And Rezkos Took A Trip Together To Rezko’s Home At Lake Geneva, WI. Obama: “[Barack And Michelle Obama] Visited their home in Lake Geneva once for the day.” (Sen. Barack Obama, Interview With Chicago Sun-Times, Chicago, IL, 3/15/08)
Rezko Was One Of Obama’s Biggest Fundraisers, Raising $250,000 For His Campaigns:
Rezko Was “One Of The Biggest Fundraisers” For Obama. “’This was discussed a lot. They wanted to have a good showing,’ said a source familiar with the fund-raiser [Rezko held for Obama], speaking on condition of anonymity. ‘Tony was one of the biggest fund-raisers.’”(Chris Fusco and Tim Novak, “Rezko Cash Triple What Obama Says,” Chicago Sun-Times, 6/18/07)
— Obama Has Admitted To $250,000 Worth Of Campaign Funding Provided By Tony Rezko. “For the first time, Sen. Barack Obama put a figure Friday to the amount of campaign contributions that indicted political fund-raiser Tony Rezko raised for the senator’s campaigns, and the number — about $250,000 — was far more than he previously acknowledged.” (Tim Novak, Chris Fusco, Dave McKinney and Carol Marin, “More Rezko Dough Found,” Chicago Sun-Times, 3/15/08)
OBAMA DEVELOPED HIS RELATIONSHIP WITH REZKO DESPITE AMPLE WARNINGS OF REZKO’S CORRUPT BEHAVIOR
Obama Has Said That He Did Not See A Pattern Of Corrupt Behavior:
While Being Interviewed By The Chicago Tribune, Obama Said Of Tony Rezko, “I’ve Known Him For A Long Time. I Assumed I Would Have Seen A Pattern [Of Corrupt Behavior] Over The Past 15 Years.” (Sen. Barack Obama, Interview With Chicago Tribune, www.chicagotribune.com, 3/15/08)
— Obama: “Well, my relationship is he was somebody who I knew and had been a supporter for many years. He was somebody who had supported a wide range of candidates all throughout Illinois. Nobody had an inkling that he was involved in any problems.” (CBS’s “The Early Show,” 1/23/08)
Illinois Government Watchdog Groups Questioned Obama’s Choice To Take Part In A Land Transaction With Rezko:
FLASHBACK: June 15, 2005, Obama And Rita Rezko, Tony Rezko’s Wife, Completed Purchases Of Adjoining Properties In Chicago; Obama Purchased His Current Home And Rezko Purchased The Adjoining Lot. “The home and lot sales closed on June 15, 2005. A land trust controlled by the Obamas bought the house for $1.65 million, and the Obamas secured a $1.32 million mortgage from Northern Trust to complete that purchase. That same day, Rezko’s wife, Rita Rezko, bought the side lot for $625,000. A $37,000- a-year Cook County employee, she secured a $500,000 mortgage from Mutual Bank of Harvey.” (David Jackson, “Obama: I Trusted Rezko: Senator Says Friend Raised More Money Than Previously Known,” Chicago Tribune, 3/15/08)
— Seven Months Later In January 2006 Obama Purchased Part Of The Rezko Property From Rita Rezko For $104,500. “Seven months later [January 2006], wanting a bigger yard for his $1.65 million house, Obama bought a slice of the Rezko property for $104,500.” (Peter Slevin, “Obama Says He Regrets Land Deal With Fundraiser,” The Washington Post, 12/17/06)
Jay Stewart, Chicago Better Government Association: “What looks bad about the transaction is the fact that the transaction occurred at all. Tony Rezko was headed for trouble. He was clearly in the crosshairs of the federal government.” (NBC’s “Nightly News,” 1/29/08)
Cindy Canary, Of The Illinois Campaign For Political Reform, Questioned “What Was [Obama] Thinking” For Being Slow To Walk Away From Rezko Despite Clear Warning Signs To Stay Away From Him. Cindy Canary (Illinois Campaign for Political Reform): “So what we’re left with is a question of, you know, really, what was he thinking? And the warning signs to stay away were very clear.” CBS’ Dean Reynolds: “And Obama didn’t heed them?” Canary: “Senator Obama was very slow to walk away from Tony Rezko.” (CBS’s “Evening News,” 2/28/08)
Illinois Papers Repeatedly Covered Tony Rezko’s Corrupt Activities Prior To Obama’s Land Purchase With Rezko:
“Never Mind That, By The Summer Of 2005, The Chicago Papers Had Run Over 100 Stories About The Clouds Gathering Over Rezko’s Head.”(Stephen Spruiell, “By His Friends Ye Shall Know Him - The Trial Of Tony Rezko Spells Trouble For Barack,” National Review, 5/5/08)
— May 19, 2003: Crain’s Chicago Business: “Guv Plays Favorites In Business.”
— May 28, 2004: The Associated Press: “Governor’s Gambling Liaison Linked To Casino Investor, Documents Show.”
— July 1, 2004: Chicago Daily Herald: “Papa Tony’s Workers Run Out Of Dough.”
— July 18, 2004: Chicago Tribune: “Blagojevich Adviser Tied To Appointee.”
— February 13, 2005: Chicago Tribune: “Tollway Oasis Pact Rich With Links To Governor’s Allies.”
— February 14, 2005: The Hotline: “Illinois: Cronies Corner The Lunch Market?”
— February 15, 2005: The Associated Press: “Lawmakers Call For Investigation Into Blagojevich Advisers Linked To Tollway Contracts.”
— March 16, 2005: Chicago Tribune: “O’Hare Vendor Called Minority Front; Top Blagojevich Aide Owns Panda Express Outlets, City Charges.”
— March 26, 2005: Chicago Tribune: “Minority Firm Led By A Dead Woman Prompts County Review.”
— April 18, 2005: Crain’s Chicago Business: “Probe Target Seeks Big TIF; Rezko, Facing City Claim He’s Minority Front, Wants Record Subsidy.”
— May 19, 2005: Chicago Sun-Times: “2 State Officials Say Gov’s Fund-Raiser Helped Get Jobs; ‘Rezko Seems To Have A Hand In Everything,’ Legislator Says.”
— May 26, 2005: Chicago Tribune: “Tony Rezko; Top Fundraiser, Adviser And Close Friend Of Blagojevich Faces Scrutiny As Controversies Dog The Administration In Which He Has Played A Crucial Behind-The-Scenes Role.”
A Product Of The RNC Research Department Paid for by the Republican National Committee. Not authorized by any candidate or candidate’s committee.
OK Donald...you’ve got my attention now.
By the way, Tony Rezko is a Muzzie. Funny that.>>>>>>>>>
He is a Christian Arab but he does business with anyone including Chicago black Muslims and Arab Muslims. IIRC he had one of Louis Farakkan sons as his right hand man. It was helpful for doing business in Chicago
(Excerpt) Read more at boston.com ...
He is not Donald. He is not a Donald. He is The Donald and don’t you forget it!
It never got the media play. Outside of the GOP websight nobody saw it.
Trump is a media and PR king. He says it people listen. He brings it up, buz occures. It is the classic death by a thousand cuts. Yesturday it is the long form, what is on it, why hide it, today it is Rezko, wow that deal is shady, Could you get a convicted slumloard to buy a property for 3/4 of a million and sell you 40 % of it for 100K and not go to jail? Obama can. Tomorrow it is Write the bigot, then it is colleg e transcropts. You know damn well Obama was a mediocre Afirmative action student, he is too damn ignorant to have gone to Columbia and HArvard wthout generous help.
It is all good. The more he denegrates Obama the better. It makes him look shifty and stupid. So let Trump beet up on him.
Trump may have gone into bankruptcy, and have been saved from bankruptcy another time by his father, but he was never a convicted slum lord.
All I know is that Obama must think Trump is an answer to his prayers. He is distracting the public from all the mistakes Obama is/has been making as president.
I highly doubt it bad publicity is still publicity in Hollywood, but it is death to a politician.
Anything that makes him look bad is good. Besides, who doesn’t know that the economy sucks and gas costs $4 on its way to $7. Trump is hitting that as well.
Remember it doesn’t reflect badly on the Republicans because they don’t like him either.
I never said that Trump was a slumloard, RezKo is the slumloard, obma’s buddy and campaignbundler, his friend who helpedhim buy a $2 million house for 1.5. That’s a good friend to have.
You know the house. The one he hasn’t been to in a couple years.