PDA

View Full Version : Obama's little real estate problem.


Bill Parcells
06-12-2007, 07:43 PM
Obama dogged by ties to developer By MIKE ROBINSON, Associated Press Writer
Mon Jun 11, 3:11 PM ET

CHICAGO - Sixteen years ago, Chicago businessman Antoin "Tony" Rezko tried to hire bright young Harvard law student Barack Obama (news, bio, voting record) to work in his real estate development company.

Obama said no, but it was the start of a political friendship.

Rezko contributed thousands of dollars and raised thousands more as Obama ran for the Illinois legislature, the U.S. House and the U.S. Senate. He was even involved in Obama's purchase of a family home.

But now Rezko faces federal charges as the central figure in an Illinois corruption scandal, and Obama whose Democratic presidential campaign emphasizes a squeaky-clean image is scrambling to distance himself from his old supporter.

"The senator and Rezko have not spoken for quite some time," Obama campaign spokesman Bill Burton said Monday.

Last week, Obama's campaign said it was donating $23,000 to charity the total of three contributions from Rezko business associates. Last year, it donated $11,500 to purge itself of money Rezko donated.

Obama has not been touched by the federal investigation that has resulted in extortion and fraud charges against Rezko. The allegations, which include shakedowns involving an Illinois pension fund, have nothing to do with the Illinois senator.

But the situation is awkward for a candidate eager to avoid any trace of scandal. And while it may not have been noticed much among grass-roots voters, he and his staff have been peppered with questions from reporters.

"I think he's responded to all of them and at the end of the day I don't think there's any indication of anything other than perhaps bad judgment," said fellow Illinois Sen. Dick Durbin. He said the facts don't appear serious enough "to derail what I consider a very positive presidential campaign."

Veteran Democratic strategists vary in their appraisal.

Democratic strategist Stephanie Cutter, who is not affiliated with any presidential candidate, said the situation "may leave voters with the impression Senator Barack Obama is and was indeed a politician, but I'm not sure that's earth-shattering."

Campaign consultant Chris Lehane, who worked in the Clinton White House and for Al Gore in 2000, said it shows voters that Obama "puts his pants on the same way as any other politician" something that "undermines the core Obama brand, that he is a different kind of leader."

Rezko, a Syrian-born U.S. citizen who owned a real estate development business and a group of fast-food franchises, has spent his career showering Illinois officials with campaign money. He was a top fundraiser for Democratic Illinois Gov. Rod Blagojevich.

His connection to Obama began when the future senator got national attention as the first black president of the Harvard Law Review. Rezko was impressed by what he read and offered Obama a job.

The two men kept in contact and he became one of the earliest donors to Obama's campaign when he ran for a state Senate seat in 1996.

Their relationship came into the spotlight last October, the same month Rezko was indicted on federal charges, with the disclosure that Rezko had played a role in the senator's purchase of a home.

Obama bought a house and lot. Rezko's wife bought an undeveloped property next door. The two parcels had once been a single tract of land.

Obama paid $1.65 million for the house and lot while Rezko paid $625,000 for the undeveloped lot. Six months later, Rezko sold a strip of his property to Obama, who wanted to increase the size of his side yard. Obama paid Rezko $104,500, which he says was the market rate.

While Obama has said that the transaction was handled ethically, he has conceded the perception of favor-trading it created was a "boneheaded" mistake.

Rezko is charged with plotting to shake down money management firms hoping to do business with the Illinois Teachers Retirement System, a $39 billion state pension fund, for kickbacks.

He also is charged with swindling the General Electric Capitol Corp. out of $10 million in a deal involving the purchase of pizza restaurants.

Rezko attorney Joseph J. Duffy declined to comment on the case.

While Obama turned down Rezko's offer of a job back in 1991, he ended up in a group of real estate deals involving the developer anyway. He accepted a position at the law firm then known as Davis Miner & Barnhill.

At the firm, he represented community groups that partnered with a developer in getting city and state housing rehabilitation loans. The developer was Rezko. Obama estimates he did only about five hours of work.

Burton said Obama has fought "for the toughest possible ethics rules" and that is not "changed by anything that has happened to Tony Rezko."

http://news.yahoo.com/s/ap/20070611/ap_on_el_pr/obama_donor

Nightwish
06-12-2007, 08:08 PM
Sorry, I don't see Obama's "real estate problem." Perhaps you could point it out to us? What I see is "guilt by association" that is perhaps even more tenuous than that implied about Bush wrt the Prince Bandar scandal. In other words, what I see is a lot of wishful thinking from folks who really want to find whatever ephemeral hope they can that Obama won't be a strong and difficult opponent for the GOP's dogged corps.

Cochise
06-12-2007, 08:15 PM
I don't see any kind of a problem yet either.

Mr. Kotter
06-12-2007, 08:23 PM
Sorry, I don't see Obama's "real estate problem." Perhaps you could point it out to us? What I see is "guilt by association" that is perhaps even more tenuous than that implied about Bush wrt the Prince Bandar scandal. In other words, what I see is a lot of wishful thinking from folks who really want to find whatever ephemeral hope they can that Obama won't be a strong and difficult opponent for the GOP's dogged corps.

Wow. June 12, 2007.....Nightwish is right. For once.... :spock:

:p

Logical
06-12-2007, 08:34 PM
It doesn't look like Obama will be able to beat Hillary in the Primaries so it really makes no difference either way.

Taco John
06-12-2007, 09:31 PM
This reminds me of my "banging supermodels" problem...

'Hamas' Jenkins
06-12-2007, 10:17 PM
Oh my god it's TEH WHITEWATER!!!

Mr. Kotter
06-12-2007, 10:18 PM
Oh my god it's TEH WHITEWATER!!!Yeah, no kidding....after Whitewater....everyone knows these deals are only slimy if you are a Republican.

;)

ClevelandBronco
06-12-2007, 10:22 PM
Correction: Obama knows a guy who has a little real estate problem.

|Zach|
06-12-2007, 10:52 PM
ROFL

Logical
06-12-2007, 11:33 PM
This reminds me of my "banging supermodels" problem...

Yes those Biatches always want to cuddle afterwards.

Calcountry
06-13-2007, 01:02 AM
Sorry, I don't see Obama's "real estate problem." Perhaps you could point it out to us? What I see is "guilt by association" that is perhaps even more tenuous than that implied about Bush wrt the Prince Bandar scandal. In other words, what I see is a lot of wishful thinking from folks who really want to find whatever ephemeral hope they can that Obama won't be a strong and difficult opponent for the GOP's dogged corps.But, Obama is a Christian.

Calcountry
06-13-2007, 01:04 AM
It doesn't look like Obama will be able to beat Hillary in the Primaries so it really makes no difference either way.Bring on the Bitch.

Calcountry
06-13-2007, 01:10 AM
Yeah, no kidding....after Whitewater....everyone knows these deals are only slimy if you are a Republican.

;)I wonder if all that Rose law firm stuff is fairgame and relevant once again? No, I guess because the people didn't give a shit about a blow job, and a suicide, or suicides(jim rome voice on/allegedly), then she has a clean slate this time.

Can't wait for the debate questions: Hillary, how did it feel to know the President was getting head in the White House? You didn't care cause Shalala and Reno were licking you? Oh, then why did you go cry on T.V. about a VAST RIGHT WI NG CONSPIRACY?

If there were any conspiracy, it was Oklahoma. Cover up the terrorist connections and blame it on angry white guys, good one.

I believe, you and your hubby were at your lowest point when that little thing went off.

And we are suppose to believe Bush ordered the planes into the towers? What a crock of shit the left is these days.

Nightwish
06-13-2007, 01:40 AM
I wonder if all that Rose law firm stuff is fairgame and relevant once again? No, I guess because the people didn't give a shit about a blow job, and a suicide, or suicides(jim rome voice on/allegedly), then she has a clean slate this time.

Can't wait for the debate questions: Hillary, how did it feel to know the President was getting head in the White House? You didn't care cause Shalala and Reno were licking you? Oh, then why did you go cry on T.V. about a VAST RIGHT WI NG CONSPIRACY?

If there were any conspiracy, it was Oklahoma. Cover up the terrorist connections and blame it on angry white guys, good one.

I believe, you and your hubby were at your lowest point when that little thing went off.

And we are suppose to believe Bush ordered the planes into the towers? What a crock of shit the left is these days.
Smokin' a fat one tonight, are we?

Bill Parcells
06-13-2007, 06:23 AM
Sorry, I don't see Obama's "real estate problem." Perhaps you could point it out to us? What I see is "guilt by association" that is perhaps even more tenuous than that implied about Bush wrt the Prince Bandar scandal. In other words, what I see is a lot of wishful thinking from folks who really want to find whatever ephemeral hope they can that Obama won't be a strong and difficult opponent for the GOP's dogged corps.
This shit is coming from his friendly Democratic opponents, and it's just scratching the surface. :)

Radar Chief
06-13-2007, 07:06 AM
It doesn't look like Obama will be able to beat Hillary in the Primaries so it really makes no difference either way.

Good gawd I hope not. :banghead:

Ultra Peanut
06-13-2007, 07:18 AM
Last week, Obama's campaign said it was donating $23,000 to charity the total of three contributions from Rezko business associates. Last year, it donated $11,500 to purge itself of money Rezko donated.

Obama has not been touched by the federal investigation that has resulted in extortion and fraud charges against Rezko. The allegations, which include shakedowns involving an Illinois pension fund, have nothing to do with the Illinois senator.HOW DIRTY

This shit is coming from his friendly Democratic opponents, and it's just scratching the surface. :)OOOOOOOOOOOH

DO TELL GOOD SIR I LOVE A GOOD GOSSIPS

StcChief
06-13-2007, 07:46 AM
Tough to be in Chicago politics and avoid corrupt characters... Tough lesson for Obama

maybe he's innocent, but not likely in the court of public opinion.

Calcountry
06-13-2007, 08:45 AM
This shit is coming from his friendly Democratic opponents, and it's just scratching the surface. :)Hell hath no fury like "the bitch's" political machine.