From Tony to Barack, Part I: Clever Real Estate Strategies for Politicians
By GOPMom on November 4, 2008 at 11:43 AM in Barack Obama, Chicago, Chicago Mansion, Tony Rezko
OF NOTE: Shortly The story is up — a breaking-news story on the FBI’s investigation of the Obamas’ purchase of this mansion, thanks to a great tip from Jeremiah Goddamn Amerikkka Wright, our indispensable reader and radio show host (tonight!).
ALSO OF NOTE: See Truthteller’s most recent article on Rezko, at the end of which Truthteller lists all of the stories published here at NoQuarterUSA.net about Tony Rezko and Barack Obama’s long, entangled, intimate relationship: “BREAKING: Obama Land Deal with Rezko and Mutual Bank Subject of New Court Complaint.”
The following excerpt is posted at NoQuarterUSA.net with the express permission of GOPMom.
The story about Senator Obama’s house purchase is well known. On June 15, 2005, Barack and Michelle Obama closed on a new house in the historic Kenwood district of Chicago for $1,650,000, or $300,000 below the listed asking price. On the same day, Rita Rezko, the wife of Tony Rezko, closed on the adjacent vacant lot for $625,000, which was the full listed asking price. The Obamas subsequently purchased a 1,500-sqft strip of land from the Rezkos on January 11, 2006 for $104,166, increasing the side lot buffer between their properties.
The media confronted Senator Obama about these transactions because Tony Rezko was under federal investigation at the time for political pay-to-play schemes. … Etc.
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