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obama did nothing wrong ... go educate yourself before you make a fool of yourselfThe Reagan's friends flat out gave them a house in Bel Air for favors rendered.
Does that then make Obama innocent?
Q: Does Obama have a real estate problem?While Rezko's wife paid the full asking price for the land, Obama paid $300,000 under the asking price for the house. The house sold for $1,650,000 and the price Rezko's wife paid for the land was $625,000.
Obama denies there was anything unusual about the price disparity. He says the price on the house was dropped because it had been on the market for some time but that the price for the adjacent land remained high because there was another offer.
Obama then expanded his property by buying a strip of the Rezko land for $104,5000, which the senator maintains was a fair market price.
The Rezko Connection Obama s Achilles Heel - ABC News
A: A political patron from whom he bought a strip of land is under federal indictment, but there’s no evidence Obama did anything improper.
FULL QUESTION
Was Obama’s real estate deal in Illinois really an issue?
FULL ANSWER
Here’s what happened: In 2005, Barack Obama and his wife, Michelle, bid $1.65 million for a house on the south side of Chicago. According to newspaper reports, the owner was also trying to sell an undeveloped parcel of land adjacent to the property Obama was buying, and he wanted the sales of the two to close on the same day. Obama has said that he mentioned he was buying the house to a longtime political patron, Antoin (Tony) Rezko, a developer. Rezko’s wife wound up buying the lot adjacent to Obama’s. At the request of the Obamas, who were seeking a bit more space for their yard, she later sold them a 10-foot wide strip, or about one-sixth, of her land. The Obamas paid $104,500 for it, or about one-sixth of what Mrs. Rezko had paid for the entire property.
Obama doesn’t appear to have reaped any financial advantages from the transactions. The reason the deal has received a good bit of attention is that Tony Rezko – whose political contributions to Illinois’ former governor, Obama and others totaled in the hundreds of thousands of dollars – was known to be under federal investigation at the time the Obamas were purchasing their home. In 2006, Rezko was indicted in three federal cases: Two involved fraud schemes in which he allegedly demanded payments from firms wanting work from the enormous Illinois teachers’ pension fund and from those wanting favorable rulings from a state board that regulates the building of new hospital facilities. In the third, he was chargedwith fraudulently obtaining more than $10 million in loans for a pizza restaurant business; in December 2007, prosecutors added more fraud counts to that indictment.
Obama has a relationship with Rezko that dates back many years, but there’s no indication Obama did anything improper. Shortly after finishing law school, Obama, who had turned down a job offer from the developer, went to work at a law firm where he represented some community groups that partnered with Rezko to apply for housing rehabilitation loans. As a state legislator, he wrote letters to city and state officials in support of Rezko’s efforts to build apartments for the elderly with government money; the senator asserts that this was a project the community wanted. Obama got together with Rezko a couple of times a year, he has said.
Obama has donated campaign contributions from Rezko and his associates to charity, and he said in 2006, when the real estate transaction was reported by the press, that he made a “boneheaded” mistake by participating in the deal when it was known that Rezko was being investigated. “I regret it,” Obama said. “I’m going to make sure from this point on I don’t even come close to the line.”
- Viveca Novak
Sources
Novak, Tim. "Obama’s letters for Rezko: As a state senator, he went to bat for now-indicted developer’s deal." Chicago Sun Times, 13 June 2007.
Sweet, Lynn. "Obama’s sticky switch from media darling to media-hounded." Chicago Sun Times, 7 November 2006.
Jackson, David and Ray Gibson. "Obama intern had ties to Rezko: Senator’s spokesman denies any favoritism." Chicago Tribune, 24 December 2006.
Robinson, Mike. "Obama tries to distance himself from real estate developer facing federal charges." The Associated Press, 11 June 2007.
Fitzgerald, Patrick J. "Businessman and political fundraiser Antoin Rezko indicted in two fraud cases, including scheme to extort millions fo dollars from firms seeking teachers’ pension fund investments." Press Release, U.S. Department of Justice, United States Attorney, Northern District of Illinois, 11 October 2006.
Fitzgerald, Patrick J. "Former Illinois Finance Authority director charged in pending loan fraud indictment against businessman Antoin Rezko." Press Release, U.S. Department of Justice, United States Attorney, Northern District of Illinois, 31 May 2007.
Drew, Christopher, and Mike McIntire. "An Obama patron and friend until an indictment," The New York Times, 14 June 2007.
Categories:Ask FactCheck
People:
if you;re going to indite a person Lady gunslinger know what the hell you're saying ... once again she post shit she knows nothing about
Too late for that.obama did nothing wrong ... go educate yourself before you make a fool of yourselfThe Reagan's friends flat out gave them a house in Bel Air for favors rendered.
Does that then make Obama innocent?
Too late for that.obama did nothing wrong ... go educate yourself before you make a fool of yourselfThe Reagan's friends flat out gave them a house in Bel Air for favors rendered.
Does that then make Obama innocent?
obama did nothing wrong ... go educate yourself before you make a fool of yourselfThe Reagan's friends flat out gave them a house in Bel Air for favors rendered.
Does that then make Obama innocent?
Mind was just a comment on the childishness of using the same liberal arguments over and over again. Obama is a 1 percenter he gets to do anything he wants. Just like the Clinton's shady land deals are the norm.
he regretted buy the 10 ft of land from rezko wife ...he said it ...Q: Does Obama have a real estate problem?While Rezko's wife paid the full asking price for the land, Obama paid $300,000 under the asking price for the house. The house sold for $1,650,000 and the price Rezko's wife paid for the land was $625,000.
Obama denies there was anything unusual about the price disparity. He says the price on the house was dropped because it had been on the market for some time but that the price for the adjacent land remained high because there was another offer.
Obama then expanded his property by buying a strip of the Rezko land for $104,5000, which the senator maintains was a fair market price.
The Rezko Connection Obama s Achilles Heel - ABC News
A: A political patron from whom he bought a strip of land is under federal indictment, but there’s no evidence Obama did anything improper.
FULL QUESTION
Was Obama’s real estate deal in Illinois really an issue?
FULL ANSWER
Here’s what happened: In 2005, Barack Obama and his wife, Michelle, bid $1.65 million for a house on the south side of Chicago. According to newspaper reports, the owner was also trying to sell an undeveloped parcel of land adjacent to the property Obama was buying, and he wanted the sales of the two to close on the same day. Obama has said that he mentioned he was buying the house to a longtime political patron, Antoin (Tony) Rezko, a developer. Rezko’s wife wound up buying the lot adjacent to Obama’s. At the request of the Obamas, who were seeking a bit more space for their yard, she later sold them a 10-foot wide strip, or about one-sixth, of her land. The Obamas paid $104,500 for it, or about one-sixth of what Mrs. Rezko had paid for the entire property.
Obama doesn’t appear to have reaped any financial advantages from the transactions. The reason the deal has received a good bit of attention is that Tony Rezko – whose political contributions to Illinois’ former governor, Obama and others totaled in the hundreds of thousands of dollars – was known to be under federal investigation at the time the Obamas were purchasing their home. In 2006, Rezko was indicted in three federal cases: Two involved fraud schemes in which he allegedly demanded payments from firms wanting work from the enormous Illinois teachers’ pension fund and from those wanting favorable rulings from a state board that regulates the building of new hospital facilities. In the third, he was chargedwith fraudulently obtaining more than $10 million in loans for a pizza restaurant business; in December 2007, prosecutors added more fraud counts to that indictment.
Obama has a relationship with Rezko that dates back many years, but there’s no indication Obama did anything improper. Shortly after finishing law school, Obama, who had turned down a job offer from the developer, went to work at a law firm where he represented some community groups that partnered with Rezko to apply for housing rehabilitation loans. As a state legislator, he wrote letters to city and state officials in support of Rezko’s efforts to build apartments for the elderly with government money; the senator asserts that this was a project the community wanted. Obama got together with Rezko a couple of times a year, he has said.
Obama has donated campaign contributions from Rezko and his associates to charity, and he said in 2006, when the real estate transaction was reported by the press, that he made a “boneheaded” mistake by participating in the deal when it was known that Rezko was being investigated. “I regret it,” Obama said. “I’m going to make sure from this point on I don’t even come close to the line.”
- Viveca Novak
Sources
Novak, Tim. "Obama’s letters for Rezko: As a state senator, he went to bat for now-indicted developer’s deal." Chicago Sun Times, 13 June 2007.
Sweet, Lynn. "Obama’s sticky switch from media darling to media-hounded." Chicago Sun Times, 7 November 2006.
Jackson, David and Ray Gibson. "Obama intern had ties to Rezko: Senator’s spokesman denies any favoritism." Chicago Tribune, 24 December 2006.
Robinson, Mike. "Obama tries to distance himself from real estate developer facing federal charges." The Associated Press, 11 June 2007.
Fitzgerald, Patrick J. "Businessman and political fundraiser Antoin Rezko indicted in two fraud cases, including scheme to extort millions fo dollars from firms seeking teachers’ pension fund investments." Press Release, U.S. Department of Justice, United States Attorney, Northern District of Illinois, 11 October 2006.
Fitzgerald, Patrick J. "Former Illinois Finance Authority director charged in pending loan fraud indictment against businessman Antoin Rezko." Press Release, U.S. Department of Justice, United States Attorney, Northern District of Illinois, 31 May 2007.
Drew, Christopher, and Mike McIntire. "An Obama patron and friend until an indictment," The New York Times, 14 June 2007.
Categories:Ask FactCheck
People:
if you;re going to indite a person Lady gunslinger know what the hell you're saying ... once again she post shit she knows nothing about
What exactly is it that Obama regrets?
