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Tag Archives: Tony’ Rezko

Sunday, October 26, 2008

Posted by: Hugh Hewitt at 9:50 AM

From Newsweek:

Two years ago, the Chicago Tribune disclosed that Obama and Rezko purchased adjoining properties from a single seller on the same day in June 2005. The seller, Dr. Fredric Wondisford, now a professor at Johns Hopkins Medical School in Baltimore, had insisted that both properties close at the same time. Obama paid $1.3 million—$300,000 less than the original asking price—for the Georgian mansion on his property. Rezko paid nearly the full price, $625,000, for the vacant lot next door. Obama has acknowledged in several press interviews that he alerted Rezko to the availability of the adjoining property, but said that Rezko made the decision to buy the lot on his own without coordinating his offer with Obama. The Obama campaign says that Obama’s offer of $1.3 million was the highest bid on the home. Rezko, who has faced legal troubles ever since the issue arose, has never addressed the matter.

Seven months later, on Jan. 4, 2006, Obama paid Rezko $104,000 for a strip of the developer’s land so he could expand his side yard. Obama has conceded this later deal was a “boneheaded” mistake on his part, given that the Chicago news media had run multiple stories by that time reporting that Rezko was under scrutiny as part of a wide-ranging political corruption probe being conducted by U.S. Attorney Patrick Fitzgerald. One such story, in the Chicago Sun-Times, appeared on Dec. 31, 2005—the week before Obama bought the side strip from Rezko. The article reported that federal prosecutors had subpoenaed Rezko-related businesses as part of an investigation into the awarding of Illinois State Toll Highway Authority leases….
Rezko, who was indicted in October 2006, was convicted last June on 16 felony charges of fraud, money laundering and aiding and abetting a bribery scheme involving businesses seeking Illinois state business. His sentencing, at first scheduled for Oct. 28, was recently postponed to give his lawyers time to work out a cooperation agreement with federal prosecutors in their ongoing corruption probe, which is primarily focused on Democratic Illinois Gov. Rod Blagojevich. Blagojevich has not been charged and has denied any wrongdoing.

A recent lawsuit filed by Kenneth J. Conner, a former real estate analyst, against Mutual Bank of Harvey, Ill., for wrongful termination, includes an exhibit indicating for the first time that loan records of the Rezkos’ purchase of the vacant lot next door to Obama has come up in Fitzgerald’s investigation. The exhibit is an Oct. 19, 2006, e-mail distributed among bank executives referring to a “grand jury subpoena” for “Rita Rezko‘s loan” for the property at 5050 S. Greenwood Avenue—the lot adjacent to the Obamas. There is nothing in the lawsuit that indicates why federal prosecutors subpoenaed the records. But the subpoena was issued at a time when they were intensely examining all of Rezko’s business dealings. A spokesman for the U.S. attorney’s office declined comment. LaBolt, the Obama spokesman, told NEWSWEEK that Obama has never been contacted by Fitzgerald’s prosecutors.

In the lawsuit, filed in Cook County Circuit Court last week, Conner claims that he was asked to review the bank’s appraisal of the property purchased by Rezko after the bank learned that he was selling a slice of it to Obama. Conner says he concluded that the bank’s appraisal of the property was “overvalued” by $125,000 and that, based on comparable prices of nearby properties, the vacant lot that the Rezkos paid $625,000 for was worth no more than $500,000. To back up his own conclusion, he included as an exhibit an appraisal that Obama paid for in November 2005, which assessed Rezko’s property to be worth $490,860—about the same as Conner’s assessment and also far less than Rezko and his wife paid for it. The president of Mutual, Amrish Mahajan, personally approved the loan to Rezko’s wife and had an “established relationship” with Rezko, according to the lawsuit.

Read the whole thing.  You can be certain that everyone on Team Obama has.

The Newsweek story is by Michael Isikoff, one the nation’s premier investigative journalists.  If Obama wins in nine days, we should begin a story count of how many scandal-related stories flow from Isikoff.  Given the Chicago connections and the ongoing Rezko investigation, an Obama Administration could easily be the Second Golden Age of Isikoff.

The question of Patrick Fitzgerald’s future also grows more relevant.  It should be an enormous scandal if a President Obama were to fire him, but the Chicago team knows this is a big threat and not just to their political ambitions.  Perhaps in the closing sprint of the campaign some intrepid journalist will bother to ask about Patrick Fitzgerald’s future?


Radical Loon When Obama Was Only 47

by  Ann Coulter

10/22/2008 Radical Loon When Obama Was Only 47

by  Ann Coulter


The media are acting as if they completely and fully vetted Obama during the Democratic primaries and that’s why they are entitled to send teams of researchers into Alaska to analyze Sarah Palin’s every expense report.

In fact, the mainstream media did no vetting. They seem to have all agreed, “OK, none of us will get into this business with Jeremiah Wright, ‘Tony’ Rezko, Saul Alinsky, Bill Ayers and everyone’s impression of an angry Michelle Obama on ‘The Jerry Springer Show.'”

During one of the Democratic primary debates, Hillary Clinton was hissed for mentioning Syrian national Rezko, and during another, ABC moderator George Stephanopoulos nearly lost his career for asking Obama one question about William Ayers.

In the past week, TV anchors have taken to claiming that Obama “refuted” John McCain’s statement that Obama launched his political career at the home of former Weather Underground leader Ayers.

No, Obama “denied” it; he didn’t “refute” it. If “denying” something is the same as “refuting” it, then maybe the establishment media can quit harping on Palin’s supposed lack of qualifications to be president, since she too “refuted” that by denying it.

Back before the media realized it needed to lie about Obama launching his political career at Ayers’ house, the Los Angeles Times provided an eyewitness account from a liberal who attended the event.

“When I first met Barack Obama, he was giving a standard, innocuous little talk in the living room of those two legends-in-their-own-minds, Bill Ayers and Bernardine Dohrn. They were launching him — introducing him to the Hyde Park community as the best thing since sliced bread.”

The Times has now stripped this item from its Web page, but the great blogger Patterico has preserved it for posterity on his Web page.

Obama’s glib remark that “Bill Ayers is a professor of education in Chicago; 40 years ago when I was 8 years old he engaged in despicable acts with a domestic group. I have roundly denounced those attacks” — doesn’t answer anything.

First of all, the fact that Ayers is a professor of education proves only one thing: He is dumber than any person without an education degree.

Ayers is such an imbecile, we ought to be amazed that he’s teaching at a university — even when you consider that it’s an ed school — except all former violent radicals end up teaching. Roughly 80 percent of former Weathermen are full college professors — 99 percent if you don’t include the ones killed in shoot-outs with the police or in prison — i.e., not yet pardoned by a Democratic president.

Any other profession would have banned a person like Ayers. Universities not only accept former domestic terrorists, but also move them to the front of the line. In addition to Ayers, among those once on the FBI’s most-wanted list who ended up in cushy college teaching positions are Bernardine Dohrn (Northwestern University), Mark Rudd (a junior college in New Mexico) and Angela Davis (History of Consciousness Department, University of California at Santa Cruz).

While others were hard at work on Ph.D.s, Susan Rosenberg was conspiring to kill cops and blow up buildings, and was assembling massive caches of explosives. This put her on the fast track for a teaching position at Hamilton College!

Despite having absolutely no qualifications to teach, having earned only a master’s degree in “writing” through a correspondence course, Rosenberg was offered a position at Hamilton within a few years of President Clinton pardoning her in 2001, releasing her from a 58-year prison sentence for participating in the murder of cops and possessing more than 700 pounds of explosives.

But Obama thinks it’s a selling point to say that Ayers is a college professor.

Hundreds of college professors have signed a letter vouching for Ayers, which would be like Lester Maddox producing a letter from George Wallace assuring us that Maddox is a respected member of the community. No, really, I’ve got the letter right here!

The media keep citing the fact that the money Obama and Ayers distributed to idiotic left-wing causes came — as The New York Times put it — “from Walter H. Annenberg, the billionaire publisher and philanthropist and President Richard M. Nixon’s ambassador to the United Kingdom.”

Great Republican though he was, Walter Annenberg died in 2002. The money came from the Annenberg Foundation, which, like all foundations, distributes money to projects that its founder would despise. John Kerry ran for president on the late John Heinz’s money. That didn’t mean Republican Heinz was endorsing Kerry.

As John O’Sullivan says, any foundation that is not explicitly right-wing will become a radical left-wing organization within a few years. It could be the Association of University Women, the American Association of Retired People, the American Rose Growers, the Foundation for the Study of Railroad Engineers or the Choral Society of Newport Beach.

Left-wing radicals swarm to free foundation money, where they can give gigantic grants to one another and they will never have to do a day’s work. That’s exactly what Obama and Ayers did with Annenberg’s money.

None of the Annenberg money went to schoolchildren. It went to Ayers’ left-wing crank friends to write moronic papers that we hope no one ever reads.

Instead of teaching students reading and writing, Ayers thinks they should be taught to rebel against America’s “imperialist” social structure. In 2006, Ayers was in Venezuela praising communist dictator Hugo Chavez, saying, “We share the belief that education is the motor-force of revolution.”

He has backed a line of schoolbooks such as one titled “Teaching Science for Social Justice.”

Forget about Ayers’ domestic terrorism when Obama “was 8 years old.” Does he agree with Ayers’ idiot ideas right now?