By Julia Hoppock

Oct 18, 2008 2:29pm

“Whistleblower” Civil Suit Filed Against Bank in Rezko Land Deal

A civil suit was filed against Mutual Bank Corporation this week regarding the Rezko-Obama land deal that has called the Democratic candidate so many headaches.

Kenneth J. Conner filed a $4.2 million suit against his former employer this week in Cook County Civil Court (see the suit HERE)  alleging the bank was engaged in systematic fraud. Conner used to perform real estate review and analysis for the bank and he says that in June 2005 Amrish Mahajam, the president and CEO of Mutual, approved a loan to Rita Malki Rezko so she could purchase a 9,090 square foot vacant parcel of real estate adjacent to land being purchased by Sen. Barack Obama, D-ill.
As part of the loan underwriting process, Adams Valuation Corporation estimated the property was worth $68.76 per square foot, and Mrs. Rezko closed on the property at a price of $625,000 with a loan for $500,000 from Mutual.

When Mrs. Rezko entered into an agreement with Barack and Michelle Obama to sell a ten-foot strip from the property, ultimately for $104,500, the Rezkos requested that Mutual Bank release its first collateral position to the ten-foot strip parcel transferred to the Obamas. Conner was asked to perform an appraisal review of the original appraisal, and he found that the Adams appraisal overvalued the lot by a minimum of $125,000. Conner claims that he was later fired from the bank after alerting authorities that his appraisal had been removed from the bank’s files.

What does Obama have to do with this? Nothing directly, as far as I can tell from reading the lawsuit. But it does bring back into the news the Rezko mess, which the Obama campaign would rather just vanish.

The New York Daily News and the Washington Times have more.

– jpt
   

User Comments

So it says “nothing” about Obama yet you, being the right-wing radio fanatic that you are, are willing to print garbage just to appease your fascist followers in the right-wing blogs? You are a shame to national journalism. It’s like printing the fact that McCain was taken to the hospital, even though “nothing” suggests he was. What a fraud you are turning out to be.

Posted by: David | October 18, 2008, 2:38 pm 2:38 pm

One more kitchen sink to be thrown at Obama. I am confident that he will be found that he has nothing to do with it.

Posted by: Ms. G | October 18, 2008, 2:40 pm 2:40 pm

Well, this can be considered news but its not much on its news worthiness…as it relates to political strategy its called reaching…and that’s a stretch

Posted by: KenB, MI | October 18, 2008, 2:41 pm 2:41 pm

Eventhough it has nothing to do with Obama watch the right wing nuts and Fox news spin this to no end now

Posted by: Angie | October 18, 2008, 2:47 pm 2:47 pm

so jpt,
if it says nothing directly to do with obama, why do you consider this news to report?
you have read the reports you just gave us about this scary congresswoman and what she is saying, about the man with the eyes, and the dirty people mccain is surrounding himself with just to try and win.
so why, why, give these kooks amo to twisst and use?
nothing patriotic about reporting stuff that may only stir up the kooks even more.

Posted by: world | October 18, 2008, 2:49 pm 2:49 pm

“Rep. Vito Fossella was convicted Friday of drunken driving in suburban Virginia, another blow from a late-night traffic stop that exposed secrets of his personal life and wrecked his career.”
Republicans are going for a record of Congressional members convicted in a 5 year period.

Posted by: Ryan C | October 18, 2008, 2:50 pm 2:50 pm

and then she sold it to the obama’s for a profit…
so what does this have to do with anything?
it doesn’t.
last jabs… lets put these people to rest.

Posted by: dl | October 18, 2008, 2:51 pm 2:51 pm

Whatever reminds voters that Obama, birthday suit notwithstanding, is a mob-friendly corporate figurehead is all to the good.

Posted by: Belle Starr | October 18, 2008, 2:53 pm 2:53 pm

First Obama suppressed the votes in Florida and Michigan now he wants to take to court people investigating Voter Fraud.

Posted by: world | October 18, 2008, 2:56 pm 2:56 pm

also jpt.
how will this story help to inform undecided voters on how to decide which to vote for?
what does this story have to do with obama? and if he is fit to be president?

Posted by: world | October 18, 2008, 2:56 pm 2:56 pm

JAKE YOU FORGOT THE PART IN THE ARTICLE THAT SAYS “Mr. Obama bought his house for $1.65 million – $300,000 below the asking price.
When the property was sold, Mr. Obama knew Rezko was under investigation on fraud charges. “

Posted by: MARK | October 18, 2008, 2:56 pm 2:56 pm

Sen. Biden said it was patriotic to pay more taxes. I’ve got news for Sen. Biden. Small-government conservatives are just as patriotic as tax-and-spend liberals. Quit attacking the patriotism of your political opponents, Obama campaign.

Posted by: Clintonites for McCain | October 18, 2008, 2:57 pm 2:57 pm

All the other news websites are talking about Obama’s tax plan being just like Socialism. This will be the biggest hand out of welfare in the history of the country.
If you say hello to Obama say goodbye capitalism.

Posted by: JAMES | October 18, 2008, 2:58 pm 2:58 pm

i see there are two world
so i will sign my post as “worldforobama”
going forward, since i see the other world is not of the same world i am a part of.

Posted by: worldforobama | October 18, 2008, 2:59 pm 2:59 pm

Mr. Obama is fundamentally a fraud.

Posted by: young_voter | October 18, 2008, 2:59 pm 2:59 pm

Obama thinks its ok to take YOUR MONEY and give it to WELFARE QUEENS.
He calls it spreading YOUR MONEY>

Posted by: worldforobama | October 18, 2008, 3:00 pm 3:00 pm

Obama claims to “Clean up the mess in Washington”? BUT He was part of the mess in Chicago.

Posted by: worldforobama | October 18, 2008, 3:01 pm 3:01 pm

Barack Obama apparently attracted more people to his rally today in St. Louis than to his August acceptance speech at Invesco Field in Denver.
Lt. Samuel Dotson of the St. Louis Police Department placed the crowd count at 100,000 people, according to the campaign.
“All I can say is, ‘Wow,’” Obama said just after taking the stage underneath the Gatway Arch.
Politico called Dotson to confirm the crowd figure but has not yet heard back.

Posted by: Ryan C | October 18, 2008, 3:02 pm 3:02 pm

And Obama is also part of the mess in Washington, not only with numerous earmarks, but also as the Senate’s second largest recipient of money from Fannie Mae

Posted by: worldforobama | October 18, 2008, 3:02 pm 3:02 pm

If crowds matter lets vote for Paris Hilton.

Posted by: Ryan C | October 18, 2008, 3:03 pm 3:03 pm

It is to be noted that Obama bought the multi-million dollar property with the help of Rezko who is a convicted felpon.
Obama was short on cash, so Rezko helped him through a deal on the neighbour property.
It shows that Obama is a crook, if McCain had done such a thing the media would have been after him with more enthusiasm.

Posted by: Greg h | October 18, 2008, 3:03 pm 3:03 pm

This is of a small matter on a purely qualitative level, but it does speak to the integrity and character of the participants. Dodd was also the beneficiary of questionable monetary activity, but mitigated by making up the difference. Democrats seem to have a hard time saying no to these petty deals. Republicans aren’t much better.

Posted by: indy | October 18, 2008, 3:04 pm 3:04 pm

and john mccain should have picked paris hilton, sarah palin is the paris hilton of the rep. world.

Posted by: worldforobama | October 18, 2008, 3:04 pm 3:04 pm

Words about Obama
“I don’t understand, unless they think there is a problem with his relationship with ACORN, why they don’t just come clean and talk about these things.”

Posted by: Ryan C | October 18, 2008, 3:05 pm 3:05 pm

paris hilton was on john mccain short list.
but they decided they should at least someone in gov. hum,, who can we find in gov. that might draw crowd like paris hilton?
not any of the more longer rep. women.
lets get sarah palin

Posted by: worldforobama | October 18, 2008, 3:06 pm 3:06 pm

“how will this story help to inform undecided voters on how to decide which to vote for?”

Posted by: Belle Starr | October 18, 2008, 3:08 pm 3:08 pm

At least Sarah Palin ran the largest State in the Union succesfully.
All Obama did was sell BOOKS and pay OUR TAX MONEY into election fraud organizations such as ACORN

Posted by: worldforobama | October 18, 2008, 3:10 pm 3:10 pm

Most of the people commenting on socialism apparently do not realize the current tax policy. Under the current system people making under a certain amount do not pay taxes or get a refund for what they paid in. If I had to guess most of the people complaining about the policy do not realize they are fighting for tax policies that doesn’t affect them. People please educate yourselves before you post it really make it seem like just hateful posts.

Posted by: Mr | October 18, 2008, 3:11 pm 3:11 pm

I am sure NOBAMA will pay this 4.2 million out of the money he wants all of us to pay for!!! LOL
WAKE UP NOBAMAs or YOU pay the 4.2 million and follow your leader to a “HOT” place – no dress code there!! LOL

Posted by: Mary | October 18, 2008, 3:12 pm 3:12 pm

If Obama is so concerned ABOUT SPREADING THE WEALTH which really means spreading YOUR MONEY.
How much has Obama donated to charity.
Maybe the number would surprise you that Obama is JUST WORDS in this matter.

Posted by: worldforobama | October 18, 2008, 3:13 pm 3:13 pm

All the right wing children are here.
Doing their silly little impersonations.

Posted by: Ryan C | October 18, 2008, 3:14 pm 3:14 pm

Not an October surprise… it’s just another case of the GOP trying to use the courts to interfere with the election.
Everybody expected that the GOP would do anything to maintain power.
Robocalls. Email rumors. Using the courts. Even the White House is trying to use the DOJ to help McCain.
Not a surprise at all.
The real October Surprise would be if McCain showed some integrity.

Posted by: blip | October 18, 2008, 3:16 pm 3:16 pm

I am really sick of Obama taking our most sacred American right TO VOTE and ruining with his VOTER FRAUD SCAM then he is suing the very people investigating VOTER FRAUD.
Sounds like Obama has something to hide.

Posted by: Ryan C | October 18, 2008, 3:17 pm 3:17 pm

OBAMA ATTRACT 100,000 IN ST. LOUIS, MISSOURI.

Posted by: Vanessa | October 18, 2008, 3:17 pm 3:17 pm

Obama will do anything to win even VOTER FRAUD
ACORN-GATE

Posted by: blip | October 18, 2008, 3:17 pm 3:17 pm

worldforobama,
i see we have a fool world on here now, so i will stop post. find my self another tag,
you are real funny, and surely a mccain supporter.
really, i am laughing out loud at your clown move, brilliant, just like mccain picking obama but i am done with my post. help yourself copycat,copycat.

Posted by: worldforobama | October 18, 2008, 3:18 pm 3:18 pm

I think NOBAMA supporters are the ones not paying any taxes and still receiving a refund!!! So why not support “That one”!! LOL
Maybe I will quit working and collect that check!! NOT!!!
I have and like my job (3 letter word not 4 letters and as NOBAMA/BIDEN insist)!!

Posted by: Mary | October 18, 2008, 3:18 pm 3:18 pm

Its funny how desperate the right wing is getting.
I think they fear the Powell endorsement will be the nail in the coffin for the McCain campaign’s chances.
BTW Obama drew 100,000 people to his rally in St. Louis. And that was a police estimate. Refreshing honesty after the inflated numbers the McCain campaign has been giving out for their rallies.

Posted by: Ryan C | October 18, 2008, 3:23 pm 3:23 pm

McCain had 6,000 in NC. A red state. Obama had 25,000+ in Asheville, NC last month.

Posted by: Vanessa | October 18, 2008, 3:27 pm 3:27 pm

dear Ryan — if Powell is stupid enough to endorse Obama, it will simply cry out the only reason he is doing it: because he is black. It will demean Powell’s intention, and simply draw attention to the ridiculously racist 95% black voter support for Obama.
It will simply reinforce all of those wishing to abolish racism to vote for McCain, to elect a president on content of character, not color of skin.
go ahead, General Powell, do it, endorse Obama, it will surprise no one, and your reputation as hero will be replaced in history by succumbing to racism.

Posted by: liberati | October 18, 2008, 3:28 pm 3:28 pm

The people voting for OBAMA do not care if he has been involved in fraud, if he has lied to the people, if he is not even a citizen of the USA, but Kenya (not worth checking the records)–Obama has hired lawyers to fight the suit at great cost instead of just showing the paperwork for “free” but the public does not care. They do not care about his associations. I wish all of these Americans could look into the faces of all of the young men and women over the past 200 hundreds that fought to keep America “free” —socialism is on the way with a corrupt leader. You don’t care now, you will later, but it will be too late—you will have lost something precious and replaceable.

Posted by: Ann | October 18, 2008, 3:30 pm 3:30 pm

another desperate republican attempt to use the courts to win an election

Posted by: watching | October 18, 2008, 3:30 pm 3:30 pm

Obama also lied about what he knew.
Obama knew rezko was under federal investigation for influence peddling by patrick fitzgerald and the time of the land deal.
But Obama before the south carolina primary said no one could have had an inkling rezko was in trouble.
Well it turns out Obama did know Rezko was in trouble and lied about it. But since he is Obama he is treated with a double standard.
Obama also got a sweetheart deal on a home loan from the bank. Michelle Obama has a friend on the hospital board where she works who also is the VP at a bank that gave Obama a sweetheart deal on a home loan.
Yeah most people in the middle class can have people like Rezko do favors for them.
Obama had rezko build a fence for him for free when he was under federal investigation for influence peddling.
The Obama had rezko sell him part of his land doing Obama a huge favor devaluing the rest of it.
This was Rezko who Obama had previously given 14 million in contracts too.
This is who America has fallen for. What a disgrace this election is.

Posted by: Sam | October 18, 2008, 3:32 pm 3:32 pm

Whoever is still worried about the so-called voter registration fraud (yes, and it’s not even voter fraud), you might want to be reminded that the whole scandal of Justice Dept’s firing of several U.S. attorneys was actually about those Republican or Republican-leaning attorneys trying to uphold professional standards and refusing to pursue “voter fraud” cases as aggressively as the GOP and White House wanted. In fact, there is now a growing chorus among both former and current DOJ officials (including some of those fired U.S. attorneys) denouncing the recent department’s decision to investigate ACORN as a shameful and inappropriate politicization of Justice.

Posted by: teddymaniac | October 18, 2008, 3:34 pm 3:34 pm

Oh dear. Another “smear” tactic against Obama. Poor guy. He can’t help it that he has ties with so many lowlifes! Truth is, all he has cared about all along was his political career and who could get him to the ‘top spot’ the quickest… as one news story after another surfaces… he’s having to pay the piper, as they say… just like Palin had to pay the piper about Troopergate. It’s as fair as fair can be. No one told Obama to have so many ties with slumlords, ex-cons, etc etc. He did that with his own smarts that so many brag about him having… And then he thinks a big smile and lofty promises will make people forget about it.

Posted by: msa123 | October 18, 2008, 3:34 pm 3:34 pm

“if Powell is stupid enough to endorse Obama, it will simply cry out the only reason he is doing it: because he is black. It will demean Powell’s intention, and simply draw attention to the ridiculously racist 95% black voter support for Obama. ”
Right wing racism on display.
Its going to be a great time when you guys lose on election day.

Posted by: Ryan C | October 18, 2008, 3:35 pm 3:35 pm

The news of Tompkins being brought on board the McCain campaign brings to a total of three the number of GOP operatives McCain now is using despite the fact that he once held them responsible for the ugly campaign that contributed to his South Carolina primary defeat, a campaign in which McCain’s wife Cindy was attacked for her past addiction to painkillers, and the McCains’ adopted Bangladeshi daughter Bridget was targeted as his illegitimate black baby.
***************************
IS THIS THE OCTOBER SURPRISE OR DESPERATION!!!!
I CALL THIS GETTING IN BED WITH YOUR MY ENEMIES!!!!
CAN SOMEONE PASS ME THE POPCORN!!!
LOL!!!
OBAMA/BIDEN 08

Posted by: sisterdearest09 | October 18, 2008, 3:36 pm 3:36 pm

patrick fitzgerald has already said their is no acusation or wrong doing by obama.. let them play their oct games…
we just need to vote!

Posted by: Mike NC | October 18, 2008, 3:36 pm 3:36 pm

” … General Powell, do it, endorse Obama, it will surprise no one, and your reputation as hero will be replaced in history by succumbing to racism.”

Posted by: Belle Starr | October 18, 2008, 3:36 pm 3:36 pm

Personally I think this race should be about the issues, but Obama clearly has some negative, questionable baggage which makes him a big mystery to the rest of us. The names Rezko, Ayers, Jeremiah Wright, and the fraud-committing organization ACORN sure do pop up around Obama with amazing frequency. Do we really want a mystery man for President? We don’t really know what Obama’s relationships were around these other people. I’m sure it will come out in due time, but will it hurt Obama for a second term? Possibly. Should it hurt Obama for a first term? Who knows? It’s nothing but mystery. Kind of like nothing but net. Obama is playing basketball with American politics, and he’s about got McCain beat in the game of H-O-R-S-E. McCain is trying to change the game to J-O-E-t-h-e-P-L-U-M-B-E-R to buy a few extra shots. Just might work.

Posted by: WestCoastMessenger | October 18, 2008, 3:37 pm 3:37 pm

Obama’s citizenship is not in questions. He was born to an American Mother. That makes him a citizen of the US.
While you my not like his policitics, why don’t you get a real life or better information when discussing his right to run for office.
This is the nastiest election I have ever seen. I am 62…I would not vote for a republican again in my lifetime. I am a Christian, but I surely do not see one Christan attitude coming out of the mouth of any right leaning person.

Posted by: sue | October 18, 2008, 3:39 pm 3:39 pm

Everyone knows that there is racism going on this election both forward as well as reverse. It’s been evident in just about every blog I’ve seen. And then there are those who just don’t like someone with such a questionable background, or they don’t like the socialism approach. And then are those who just don’t like a guy who was in Bush’s party, or the republican approach. Yes, there is racism going on but I think it runs as much one way as the the other. And still, there are many, many who just don’t see colors or could give a flying flip who’s green and who’s orange.

Posted by: msa123 | October 18, 2008, 3:40 pm 3:40 pm

Obama has been endorsed by the following newspapers over the last 2 days
Washington Post
LA Times
Chicago Tribune
Kansas City Star
Denver Post
Tampa Tribune
Salt Lake Tribune
The Oregonian
Miami Herald
McCain was endorsed by the Dallas Morning New.

Posted by: Ryan C | October 18, 2008, 3:40 pm 3:40 pm

“Well it turns out Obama did know Rezko was in trouble and lied about it. But since he is Obama he is treated with a double standard.”

Posted by: Belle Starr | October 18, 2008, 3:41 pm 3:41 pm

“ryan c: You seem to really get off on the fact that you are for ‘the guy that everybody else seems to like’. People like you are who the mass media is counting on.”
Awwwww someone is cranky because America is rejecting their crazy right wing views.
Its going to be so funny to see you guys have meltdowns as Obama leads this country to a new era of prosperity and peace.

Posted by: Ryan C | October 18, 2008, 3:45 pm 3:45 pm

People don’t give a crap about Rezko at all.

Posted by: David | October 18, 2008, 3:48 pm 3:48 pm

DON’T BE MAD THAT POWELL ENDORSE OBAMA!!!
BUSH ALREADY ENDORSE OBAMA WITH THE $700 BILLION DOLLARS BAIL OUT FOR WALL STREET!!!!
NOW THAT’S RACISM, WE SHARE IN!!!!!
DO YOU GET IT????
NOV. 4TH = OBAMA/BIDEN08

Posted by: sisterdearest09 | October 18, 2008, 3:51 pm 3:51 pm

“NOV. 4TH = OBAMA/BIDEN08″

Posted by: Belle Starr | October 18, 2008, 4:03 pm 4:03 pm

Since when does helping boost the middle class equate to being on welfare?I’m middle class. I’ve never been on welfare. I was laid off in the 80′s and my unemployment ran out.My husband was laid off for 3 years. He worked a minimum wage job which paid more than his railroad unemployment. I babysat and cleaned houses to pay the bills. My family helped with food.We had no health insurance. We lived in a dump and drove an old rusted out car. I never signed up for food stamps or welfare. And I could have. Most Americans don’t want to be poor. Or on welfare, or given hand outs. With the economy in the shape it’s in the middle class needs help.Many have lost manufacturing jobs and have had to take severe paycuts by working for minimum wage. I see people my age and older losing their jobs, homes and retirement. It’s horrible.The dems are smart enough to realize the middle class is the backbone of America. And when they suffer…well you see what happens. Are there people that abuse the welfare system, you bet. Does it need reformed. Yes.But the economy will never come back without a prosperous middle class.

Posted by: Bea | October 18, 2008, 4:08 pm 4:08 pm

So what if Obama bought land from Rezko. Like Joh Mccain doesn’t know any questionable characters…how about G. Gordon Liddy, the man who orchastrated the Watergate break in and was convicted and sentenced to prison was prepared to commit kidnapping and murder and he admitted that he would have carried out those plans. Yet John McCain calls him a good friend and says he is proud of Mr. Liddy. Don’t you think McCain needs to clarify his relations with Liddy. How about Sarah Palin clarifying her association with the Anti-American and Anit-Govenment Alaska Independece Party. Afterall, it is Jeff Chryson and Steve Stolle of the Alaska Independence Party that brag they helped get Palin’s political career atarted by helping her get elected mayor. They also said that her door is always open to them. I think she needs to explain this in depth and explain her husband’s associataion with that group. So I think both Palin and McCain owe the American people and explanation of their associations.
One other thing, fraud in registering voters is far different that fraud in an election. In 2006 wasn’t it in a predominantly democratic district, I believe in Ohio, that it was found that there were not enough voting machines and that it was later discovered that those voting machines had been locked in a warehouse. Hmmm…sounds like election fraud to me.

Posted by: I've had it | October 18, 2008, 4:08 pm 4:08 pm

Anybody who thinks you can’t get back more in taxes than you paid in has never filled out the EIC (Earned Income Credit) form or the addditional EIC form. YES, you can actually “make” money off the government. That’s your tax dollars going out to people who didn’t pay in as much as they are getting back. You couple that with stimulus checks, and some of us make out pretty good at the end of the year. Ahhh life in the US of America. Gotta love it.

Posted by: Kitty | October 18, 2008, 4:18 pm 4:18 pm

Cheating the system..let me guess.You’re a republican….

Posted by: Miki | October 18, 2008, 4:24 pm 4:24 pm

Bea
**********************
THERE IS NO MORE MIDDLE CLASS!!!!
JUST WORKING POOR AND THE RICH!!!!
NOBODY WANT TO SAY IT!!!!!
THERE IS NOTHING WRONG WITH APPLYING FOR FOOD STAMPS WHEN YOU NEED IT!!!
YOUR TAXES IS PAYING FOR THAT ENTITLEMENT PROGRAM!!!! THAT IS WHY IT’S THERE WHEN WE FALL DOWN!!!!
DO NOT GO HUNGRY OVER SELF PRIDE!!!!
NOV. 4TH = OBAMA/BIDEN08

Posted by: sisterdearest09 | October 18, 2008, 4:32 pm 4:32 pm

David – I give a crap about Rezko AND Ayers AND ACORN AND… a lot of other issues like MANDATED HEALTH INSURANCE FOR CHILDREN OR A FINE not helpful at all… I work with low income people and that alone will put thousands just in my city on food stamps… in addition to Medicaid… I give a crap.

Posted by: hummingbird | October 18, 2008, 4:33 pm 4:33 pm

Nothing here to see, move it along.
This one doesn’t have teeth. Try again.

Posted by: Rally | October 18, 2008, 4:45 pm 4:45 pm

More and more dirt on Obama!

Posted by: tina | October 18, 2008, 4:56 pm 4:56 pm

It’s amazing there are people who think Hawaii is a foreign country – where Obama was born. Argh!
The republican smear machine sucks in those simple enough to be taken in by their exaggerations, aggrandizement, lies and slime.
There are smart republicans out there hiding waiting for this to blow over, then they can clean house and come back as reputable citizens again.

Posted by: Disgruntled | October 18, 2008, 5:09 pm 5:09 pm

ryanc: “Its going to be so funny to see you guys have meltdowns as Obama leads this country to a new era of prosperity and peace.”
baaa…. baaaa…. It will be also be funny to see you guys have meltdowns as Obama laughs in your face for your pure ignorance! And we’ll be saying, “We tried to tell you….!……”

Posted by: msa123 | October 18, 2008, 5:14 pm 5:14 pm

Rezko buys the land for $625,000 then sells it later to Obama for $104,500?
What the heck – no one smells something funny going on between the Rezko and Obama?
If that isn’t a fraud or a kickback or some other illegal deal then what is?
And remember Obama could not have purchased the house in the first place if Rezko hadn’t bought the strip of land.

Posted by: Will Stanton | October 18, 2008, 5:19 pm 5:19 pm

Ever notice that people and documents seem to disappear? What a tangled web he weaves. This is only being reported now because a lawsuit was filed. Any of the Obama supporters dare to look up what happened to all of the property Rezko got from (Obama) funding? Coincidence that Rezko’s sentencing was delayed till after the election? Remember when he ran his platform on being against the war? He changed his mind in the summer of 2005(the same time he was buying his house)the same time Rezko and his Iraqi friend were bidding on a powerplant in Iraq. He changed his mind back after Rezko and Auchi didn’t get the bid. Oh, and yeah…Auchi just happened to have wired Rezko over 3 million at that time.

Posted by: RL in Illinois | October 18, 2008, 5:19 pm 5:19 pm

What does it have to do with ObamACORN? “Nothing really.”
Unless you consider the lot in question was purchased on the same day that ObamACORN purchased his home on adjacent property.
The media is so incurious.

Posted by: Captain America | October 18, 2008, 5:23 pm 5:23 pm

I’ve had it wrote: “One other thing, fraud in registering voters is far different that fraud in an election.”
Fraud in voter registration undermines the integrity of the entire voting process. If a person in Ohio fraudulently registered in all 88 counties with a legitimate address within each county and had an ID for each address, theoretically he could then vote in every county and never be caught. With early voting that would certainly give the individual more than enough time to travel around the entire state.

Posted by: James Danley | October 18, 2008, 5:27 pm 5:27 pm

they were calling Obama a Marxist on the McGlauflin Report last night, even close associates of Obama say he is a Marxist..He will be defeated, he will not get the chance to destroy America

Posted by: common sense | October 18, 2008, 5:36 pm 5:36 pm

When did he talk to the grand jury for Fitzgerald? Is this one of the reasons that Rezko is singing? So the lot was over valued and the house was undervalued in a very hot real estate market. Why was this bank willing to violate state and federal law for a politician’s crony?

Posted by: LuLu | October 18, 2008, 5:41 pm 5:41 pm

Tangled web indeed…

Posted by: msa123 | October 18, 2008, 5:43 pm 5:43 pm

Thank you so much “Joseph Greely” for doing good research on the real Obama. I’ve never trusted him in the first place. Obama went to Pakistan with Indonesia passport (during that time, Parkistan visa for Americans is strictly limited). When an attorney from PA, (by the way he’s not GOP, he’s Hilary’s strong supporter)filed a law suite about his dual citizenship, Obama’s fight the smears website went and posted “Obama abandoned his Kenya citizenship in 1985″. Why they didn’t tell the American people in the first place. I love this country so much and some kind of feeling is pulling me back to vote for Obama. (by the way, I’m a registered democrat).

Posted by: jim | October 18, 2008, 5:44 pm 5:44 pm

HP Boston: excellent, informative post.

Posted by: msa123 | October 18, 2008, 5:45 pm 5:45 pm

How long before Jake puts up Obama’s “non-denial denial” talking points and the rest of the Obama media starts parroting the propaganda?
I give it about an hour.

Posted by: Oxycon | October 18, 2008, 5:50 pm 5:50 pm

Oh,Obama and that pesky paperwork. Just can’t seem to keep track of it.
But, of course, the MSM will give him a pass. To not do so would actually make them get off their duffs and do some work and bend some brain cells.
I do have a question about job descriptions though. Does being a ‘reporter’ mean having the capability to write well or to appear on camera and talk clearly? Or does it mean to actually do some research and digging to find out the real story on something rather than be stymied by the ‘lack of paperwork’ issue?
Inquiring minds would like to know.

Posted by: mak | October 18, 2008, 5:54 pm 5:54 pm

“How long before Jake puts up Obama’s “non-denial denial” talking points and the rest of the Obama media starts parroting the propaganda?
I give it about an hour.”
LOL

Posted by: msa123 | October 18, 2008, 5:55 pm 5:55 pm

Obama’s medical records were not released. He gave the MSM basically a doctor’s note saying he was physically fit. Nobody saw Obama’s medical records.

Posted by: mak | October 18, 2008, 6:03 pm 6:03 pm

“This is who America has fallen for. What a disgrace this election is.”
I’m with you Sam.
Damning evidence over and over again, and they just won’t believe it. They don’t want to believe it.

Posted by: msa123 | October 18, 2008, 6:08 pm 6:08 pm

How do we know that Obama graduated from Columbia U, not Boise State? While ABC gushes over Palin’s SAT scores, Obama has not released any college transcripts or papers. Also, Jack Cashill has quite a bit of work on his website that shows that William Ayers was the author of “Dreams of my father,” not Obama. Just compare any of the Ayers’ books vs. Dreams. They read the same.

Posted by: Colonel Reb | October 18, 2008, 6:09 pm 6:09 pm

Joseph Greely: I have already verified much of this information on my own, so I know that what you post is on the mark. I cannot hardly stand to read it and know that the election is even as close as it is. I have also read about the major influences of Saul Alinsky on the young Obama in college. We, as a country, are primed for what Obama is planning and strategizing. We are a country of fools if he gets elected.

Posted by: msa123 | October 18, 2008, 6:12 pm 6:12 pm

WELL WITH THE HELP OF LIBERAL NEWS MEDIA THE CONNECTION TO REZKO WILL VANISH FOR SURE FUNNY HOW THESE PLOTS OF LAND ARE SO CLOSE…. AND THAT THE ONLY WAY THAT OBAMA COULD GET THE HOUSE WAS IF THE PLOT NEXT TO IT WAS SOLD. AND LOOK WHO CAME TO THE RESCUE? “REZKO” KNIGHT IN SHINING CORRUPTION AND OBAMA WITH A LOAN LINKED TO HIM…

Posted by: DAVE IN CA | October 18, 2008, 6:37 pm 6:37 pm

How much money did an RNC person pay Connor to file this suite NOW

Posted by: Ranger Phx | October 18, 2008, 6:44 pm 6:44 pm

“Also, Jack Cashill has quite a bit of work on his website that shows that William Ayers was the author of “Dreams of my father,” not Obama. Just compare any of the Ayers’ books vs. Dreams.”

Posted by: Belle Starr | October 18, 2008, 6:51 pm 6:51 pm

you remember those three monkies
SEE NO EVIL
HEAR NO EVIL
SAY NO EVIL…….
?
WELL,THAT’S OUR FREE (SNORT!) PRESS’S
ATTITUDE AND IMPUT REGARDING THE TRUTH ABOUT OBAMA.
SAD .

Posted by: just thinking... | October 18, 2008, 7:01 pm 7:01 pm

How much money did an RNC person pay Connor to file this suite NOW
Posted by: Ranger Phx | Oct 18, 2008 6:44:31 PM
________________
Why should there be a “suite” that could be filed?
Don’t blame the republicans; that’s like being unmarried, getting pregnant, and blaming the baby!

Posted by: just thinking... | October 18, 2008, 7:05 pm 7:05 pm

A consumer watchdog group has filed official complaints against Obama with the Federal Election Commission to open an investigation into:
- Northern Trust giving Obama a discount on a below-average rate (5.625%) on his 30-year mortgage for his mansion without paying points.
We won’ hear it from our MSM, but the London Times reported that one month before Obama’s suspicious land deal, Rezko received a wire transfer of $3.5 million from Nadhim Auchi, an Iraqi billionnaire in Britain who got rich from business dealings with Saddam Husein’s regime. The London Times raised the question whether funds from Auchi helped Mr. Obama buy his Georgian mansion.
Although Obama claims he was only eight years old when Ayers was engaged in domestic terrorism, as an adult, Obama served with Ayers on the board of the Woods foundation, which gave grants totalling $75,000 to the Arab-American Action Network, a radical organization with terrorist ties.
Although the above article didn’t fault Obama with the unethical appraisal problem, it is yet another reminder of all the troublesome connections Obama has with corrupt individuals.

Posted by: Donoke9_10 | October 18, 2008, 7:41 pm 7:41 pm

RE: “New York Daily News and the Washington Times”
-I wonder why the Washington Post and New York Times weren’t all over that story. Hmmm…..

Posted by: Dude | October 18, 2008, 8:26 pm 8:26 pm

Yes, I am sure they would rather have it “vanish…”
The bigger story is how Obama pulled in favors for Rezko’s projects that made him rich and led to disaster for the poor. Virtually ignored. If McCain had been involved with such a character it would be everywhere and McCain would be running about 20% in the polls.
Can’t wait for the say a lot, do nothing useful Obama presidency!

Posted by: Wade | October 18, 2008, 9:00 pm 9:00 pm

“I am confident that he will be found that he has nothing to do with it.”
The press has not properly vetted Obama. They vetted Palin in 6 weeks and yet not Obama on the top of the ticket in 2 years. Our national press is pathetic and a national disgrace. If the big ‘o’ gets in – expect him to further consolidate his Pravda lackies by attempting to shut down so called ‘conservative’ talk radio. Can conservative blogs be far behind? This is how the communists do things…Obama, the closet communist. Or perhaps like his buddy Ayers, communist with a small ‘c’. Wake up America – do NOT play Russian roulette with this guy that we know so little about and that the press refuses to treat with the scrutinty that the office of the POTUS deserves.

Posted by: Sleepless in Seattle | October 18, 2008, 9:06 pm 9:06 pm

“nothing patriotic about reporting stuff that may only stir up the kooks even more.”
I’m sure you weren’t in line saying that when the press was savaging Palin and her family. That’s disgraceful. How about the fairness doctrine, hmmm?

Posted by: Sleepless in Seattle | October 18, 2008, 9:09 pm 9:09 pm

“It shows that Obama is a crook, if McCain had done such a thing the media would have been after him with more enthusiasm.”
Exactly – this has everything to do with lack of character and integrity – both of which Obama clearly lacks. Why else would he have been able to purchase a house for $300,000 less than asking price? And with a sweetheart mortgage deal. Who cares you say? What? Now we let people in office with Ds behind their name just take money? It’s crazy that the Obominions here do not see why this is a story.

Posted by: Sleepless in Seattle | October 18, 2008, 9:17 pm 9:17 pm

I guess you Republicans missed the last part of the article where Jake says what does Obama have to do with it.
No charges have ever been filed in respect to Obama and Rezko. This is a non story concerning Obama and nobody cares about Rezko.

Posted by: Jwench | October 18, 2008, 10:19 pm 10:19 pm

My parent purchased a 10 foot strip from their neighbors to put in access to a new garage. Before the ink was dry, their village reappraised the land and the valuation of the strip was higher, but because there had been an agreement between the two parties, they settled at the lower price.
I don’t really get what the fuss is about with this, or why you’re even reporting it.

Posted by: and this means what? | October 18, 2008, 11:32 pm 11:32 pm

The Tampa Tribune endorsed McCain, not Obama.

Posted by: Lee | October 19, 2008, 12:10 am 12:10 am

Of course Jake you would say Obama has nothing to do with it. PLEASE.
Dear Goodness for all that is in heaven, you people need to WAKE UP!!!!! Sleeze follows Obama wherever he goes, and the MSM, (JAKE) making excuses for him on a continual basis is going to cost this country.
Rezko, Wright, Pflegar, Farrakhan, ACORN, AYERS, Davis, Ondinga, Khalid, it just goes on and on and on.
I believe you all are being hypnotized. I truly do.
STOP drinking the koolaid!

Posted by: Brenda | October 19, 2008, 3:39 am 3:39 am

It proves that we now know that Obama underpayed for his house while the Rezkos overpayed for the 10-foot strip beside it.
It sure smells like a kickback, doesn’t it?

Posted by: marylou | October 19, 2008, 8:26 am 8:26 am

marylou,
You are wrong. The appraisal was inflated. What, really, does this have to do with anything? Are you suggesting that the price one pays for their home is criteria for becoming president?
Obama/Biden 08!

Posted by: Common Sense | October 19, 2008, 8:35 am 8:35 am

Well, let’s see….Obama gave Rezko a $14 million dollar contract for a senior center amongst other contracts…coincidence? It’s called kickback for those of you in denial about Obama’s angel status. You will be electing a corrupt Chicago politican who is basically unqualified to be president. Go ahead ….if elected, you will find out there will be no “change.”

Posted by: katherine | October 19, 2008, 10:08 am 10:08 am

Obama is using sophisticated hidden hypnosis techniques when he speaks. That’s why all the OBAMABOTS exist. They don’t think rationally for themselves & are therefore “blank slates” & easy targets for this type of manipulation on a massive scale. WAKE UP PEOPLE! HELLO!

Posted by: Susan | October 19, 2008, 10:28 am 10:28 am

This is ridiculous!! Appraisal and actual selling price are irrelevant. This is old news that has been extensively investigated in the past.
I have had enough Republican tactics to fall for this new tactic.
I have enough real estate knowledge and can clearly see a scam.

Posted by: Sharonklim | October 19, 2008, 2:57 pm 2:57 pm

“Cooking the books!” The higher appraisal on the land made up for what Obama paid for the house, which was $300,000 less than market value. Barrack needed the house to be priced so he could qualify for the loan.
To make up the difference, Rezko dealt for a high appraisal on the land to make up the difference to the seller. So, the seller receives his asking price for the two properties, and Obama gets a deal courtesy of Rezko and Mutual Bank Corp.
Obama got Reko funding for a housing project, but there is no connection here, or political favors.

Posted by: independentview | October 19, 2008, 5:52 pm 5:52 pm

“Cooking the books!” The higher appraisal on the land made up for what Obama paid for the house, which was $300,000 less than market value. Barrack needed the house to be priced so he could qualify for the loan.
To make up the difference, Rezko dealt for a high appraisal on the land to make up the difference to the seller. So, the seller receives his asking price for the two properties, and Obama gets a deal courtesy of Rezko and Mutual Bank Corp.
Obama got Reko funding for a housing project, but there is no connection here, or political favors.

Posted by: independentview | October 19, 2008, 5:55 pm 5:55 pm

Obama = wealth redistribution
I’ve worked hard to earn what I’ve gotten. I am over the earned income credit, so the taxes I pay into the government is kept by the government.
Now Obama wants to give those who already pay no income taxes more of a credit. HOW CAN HE SUSTAIN THIS WITH THE HUGE DEFICIT THE COUNTRY HAS?
On top of that, he says he will increase spending by $100 trillion. There’s no way he can lower my taxes – there’s just no way to do it, give lower income earners even more of a credit and continue the level of government spending, let alone increase, as he has said – there is no doubt that if this is Obama’s plan, it means a tax INCREASE at some point, no matter what he says now.
Think about it rationally, not in the context of what party you support or that this could be a “historic” presidency.
Also, remember one thing – if Obama wins, he will be supported by a Democratic majority, including Pelosi and Reid. Basically, he will have close to unlimited power. DO WE REALLY KNOW ENOUGH ABOUT THIS MAN – EVEN TAKING AWAY THINGS LIKE WRIGHT, REZKO, AYERS, ACORN, MICHELLE OBAMA’S STATEMENTS AND EVEN OBAMA’S OWN STATEMENTS (“Redistribute the wealth,” “angry white folks clinging to their bibles and guns”) – THINK ABOUT THIS RATIONALLY BEFORE IT’S TOO LATE.
PLEASE!!!

Posted by: why? | October 19, 2008, 7:20 pm 7:20 pm

This is a definite Republican setup. Where was he through Rezko trial??? It is now three years since incident happened???
Suit – I don’t even see that he notified Mutual Bank a claim was filed – any claim always cc’s copy to name and address -bank??? Not there!!
Any claim filed always cc copy to party sued. Refer to last page. Bottom of page
Read through claim legal reference to law supporting a purported stance is non-existant.
Listing of Illinois Criminal Statutes – amateur & non-professional – appears not written by attorney – no attorney would list as such when referring to pertinent laws, regulations, violations, & lastly saying similar laws and state banking regulations- Refer to page 9 #20
Where are the Exhibits they mention???
There is no evidence supporting???
Releasing this to damage Obama would have included – attachments are part of suit????
Won’t even bother to read anymore!!!
I rest my case. This claim appears to be fraud or a real stupid, stupid inept attorney!!!

Posted by: Sharonklim | October 20, 2008, 12:31 am 12:31 am

Well, it just may have something to do with Obama…. Possibilities:
1) Had the land been valued at $500K and IF the owners really wanted $2,275K for both parcels, then BHO might have had to kick in another $125K to make both deals go through.
2) The real kicker is that Obama wanted to use the 1/6th value line to give Rezko money back… He paid him about $104,500 for the land (about 1/6 of the total “value”). SO if the land was only worth $500K, Obama would have only been able to kick-back $83,300 to Rezko using his ridiculous “1/6th value rule”. Therefore, in effect Obama might have given Rezko $21,000 over his “1/6th value rule” (which is still way over-priced from the real value of the 10-foot wide piece of ground that I believe Obama had apraised at around $40,000.)
Just a few thoughts as how it may involve Obama….

Posted by: PA_Voter | October 21, 2008, 12:04 am 12:04 am

What a bunch of fools would elect a smooth talking politician that will continue to talk and talk – and do nothing – or worse act like a communist/socialist/radical. We may as well elect a used car salesman – do you really think Obama has your best interests in mind and not his own, and not the leftist wing in the D party? Come on folks!

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