You know that won't work. Obama's used a real estate agent. and ...
In June of 2005, Obama used money from a book advance to purchase a house (”Georgian revival,” “four fireplaces”) in a ritzy neighborhood on Chicago’s South Side for $1.65 million — $300,000 below the asking price. The same day, Tony Rezko’s wife, Rita, purchased the neighboring plot for $625,000 dollars — the asking price. Rezko, who has been friendly with Obama since the latter was in law school, was under criminal investigation, a fact that was known, but not widely.
Seven months after the purchase, the Obamas approached the Rezkos about buying a piece of Rita’s plot to preserve what the Tribune called the “aesthetic balance” of the land — since once upon a time the house and neighboring property were a single package — and the Rezkos agreed. Land was sold (Obama paid well above the appraised value), a fence was built (Rezko supposedly paid), and lawns were mowed (Obama paid). Things were neighborly as punch until October 2006, when Rezko was indicted and pleaded not guilty to unrelated charges of influence-peddling.
That’s basically it. An indicted real-estate developer sold Obama part of his yard. Why did Obama get the house at below-market value? Because the house had been on the market for four months and the seller was anxious to make a deal. Did Obama and Rezko have some kind of influence-peddling deal? No, Obama opposed gambling interests that stood to help Rezko make money.
In fact, for all the media-generated buzz about Obama’s “shady” real estate deal, no one, anywhere, has actually accused the senator of doing anything wrong.
EXCEPT what is found on Hillary 44. com
And that is not having an effect on anything. |
