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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: jlallen who wrote (141655)	10/17/2008 11:01:12 PM
From: TideGlider	Respond to of 173976

According to the price paid, the lawsuit could be off the mark. Posted October 17, 2008 8:10 PM by Ray Gibson Just weeks before Election Day, a former banker has filed a lawsuit in Cook County Circuit Court claiming he was fired for reporting to his bosses that there had been some shenanigans with the paperwork on a loan involving the purchase of Barack Obama's South Side home and its neighboring lot. Kenneth Conner claims in the suit that an appraisal found the vacant lot purchased by Obama fundraiser Antoin "Tony" Rezko was worth $125,000 less than the bank's first appraisal. The Republican National Committee was peddling the suit today with the apparent hope that Conner's allegation would lend credence to the suggestion Obama needed Rezko's help to finance the purchase of the Kenwood home--something Obama has denied. The suit also includes this intriguing assertion: The Rezko loan file was subpoenaed by a federal grand jury in Chicago, and when the bank responded to the subpoena the lower appraisal wasn't included in the papers sent to federal investigators. But the suit may not exactly be an October surprise to use against Obama: The suit alleges that the subpoena went out on Oct. 19, 2006 -- before the Tribune first revealed an Obama connection to the parcel. On Nov. 1, 2006, the Tribune reported that the Obamas closed on their Kenwood home the same day that Rezko's wife, Rita, had purchased an adjoining vacant lot. So it appears from the court filing that the subpoena was part of the ongoing federal probe of Rezko, who was convicted in June of a multimillion-dollar kickback scheme involving Gov. Rod Blagojevich's administration. Public records also suggest that the lower appraisal was off the mark. The bank doesn't appear to have lost any money on their loan on the lot, according to land records. When the lot sold last year, the Rezkos netted roughly $54,500. See the lawsuit over the Rezko-Obama land deal here:Chicago law suit.pdf swamppolitics.com swamppolitics.com