The Land Deal Explained

The land deal between Tony Rezko and B. Obama for his house in Hyde Park is explained by GOP Mom. It is rather complicated but the bottom line is that Rezko subsidized Obama's purchase of the house and land giving Obama what amounted to at least a $130,000 discount.

There are maps and pictures and lots of details. Read the whole thing if it interests you.

The question is: what did Rezko (or who ever he was fronting for) get in return?

And for amusement you can also read this 4 Nov 2008 piece claiming the FBI was asking questions about the land deal. I sure hope Barry knows some good lawyers. I am so looking forward to his "I am not a crook" speech.

GOP Mom also has a nice bit on where Rezko got the money to buy the lot next to Obama's house.

Cross Posted at Power and Control

posted by Simon on 12.10.08 at 06:02 AM










Comments

"The question is: what did Rezko (or who ever he was fronting for) get in return?"

He got thrown under the bus.

Oyster   ·  December 10, 2008 6:42 AM

Direct quid pro quo is obvious and traceable. I'm certain there was no legislative quid pro quo. Did Obama expedite a land development deal for Rezko? Arrange a lucrative government concession, permit, or lease of some kind?

Perhaps Rezko is not the real party in interest. Rezko eats the loss and is compensated by the interested party rather than Obama himself in order to conceal any links from Obama to Rezko or from Obama to said party.

Bob Smith   ·  December 10, 2008 8:17 AM

"I sure hope Barry knows some good lawyers"

He has the whole damn Democratic Party full of Marxist Lawyers, as well as, all the families and friends who are Marxist Lawyers; who needs fret about anything when you have that at your disposal.

I'm sorry to say, Justice in America has been rotted by the damn Lawyers! This won't go any further the over-lawyered birth certificate problem.

Shakespeare was right!

syn   ·  December 10, 2008 9:14 AM

Rezko=Rebozo?
See this great article about Nixon's friend Bebe Rebozo. It's very timely what with "NixonFrost" movie comming out.
Not only did Nixon get a great deal on real estate in Key Biscayne, he also had a friend with ties to Mayer Lansky and other mob figures.
Not that I'm implying anything about B. Obama.

Frank W.   ·  December 11, 2008 1:24 AM

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