Why did Obama buy the property from Rezko's wife, instead of Tony?

[billbuckhead]

If there is nothing fishy about all this, then why not just buy it direct from Tony Soprano himself.

[islandmkl]

1. or at least buy some Whitewater stuff....

I'm not sure you can pick one worm ONLY when the can gets opened...

[Omega3]

2. b/c the credit collectors after Mr. Rezko couldn't get their hands on it. Was leagally hers.

[ingac70]

3. He didn't buy the property FROM her...

Rezko's wife bought the parcel of land next door from the same owner of Obama's house, on the same day.

[rug]

5. Why?

[papau]

13. the owner demanded total property same day sale - also "discount" to Obama only - then

the Rezko purchased property appreciated 10% in next year - but Obama paid original cost per sq ft for piece he bought that next year.

But close your eyes - the GOP of course will not use this against Obama.

Rezko getting funds from the mid-east (Syria) and sending funds to the mid-east (Leb and Syria) make it even more interesting.

Then Rezko pretending to be a minority person so as to get city contracts - case settled via money - no court verdict, and the Federal Housing money Obama brought in that went to Rezko to buy and fix up black area housing - but which never got spent on housing fixes or repairs, and the 200,000 from Rezko and friends - not all of which was returned as yet and indeed the story of the many partial return of contributions will make a great GOP commercial -

and this is fellow that we want to run against McCain?

[ingac70]

18. No discount according to the sellers....

http://www.bloomberg.com/apps/news?pid=20601103&sid=a_9sOMpy91Js

[papau]

41. $300,000 from list in a rising market - yep - and value kept rising giving a 10% profit to Rezko -

less Obama's cut via the no change in per ft charge of land sold back to Obama

[JackORoses]

35. There was no discount. The seller backs this up.

The land Rezko bought was worth more because it was Street-Front property.

[papau]

42. LOL - Strret front property per foot is indeed worth more - even more with more land

[ingac70]

14. Because the owners of the home...

said the lot and the home had to go at the same time, and Obama wanted just the house.

[rug]

19. And Mrs. Rezko just liked the location?

[papau]

43. I believe Obama wanted a "deal" and could finance only part of it - additional income

the following year allowed the second transaction - again at a discount.

[papau]

44. He didn't buy the property FROM her" - wrong - the land sale next year was from her - the rest

of the land that Obama no longer wanted was sold to an employee of Rezko so as to get it out of Rezko's wifes hands.

[Botany]

4. Because Rezko's wife also sold him black tar heroin which he used to ...

.... get a cult like following w/ junkies who work in his campaign.

[rug]

7. Unlike this, there's a deed.

So, why did she buy a 10 foot wide lot? Did she plan to start a spaghetti farm?

[splat]

10. It made the rest of the lot unbuildable, giving them a huge yard

[rox63]

15. The lot she bought was actually 60 feet wide

And that's large enough to build on in the city. Obama just bought a 10-foot wide strip of her lot in order to expand his back yard. The original seller would not sell the house unless the lot next door also got sold in the same deal. Obama didn't want the whole property, just the house with a decent-size yard.

[rug]

17. Oh, that's much better.

[carlotta]

6. the property was put in Rezko's wife's name

so that Rezko could hide his assets from the Feds, who were coming after him.

And just about everyone in Chicago knew by that time that Rezko was bad, bad news. Except, it seems, Obama. And he claims to be the one with good judgment?

[goodgd_yall]

40. Correct! n/t

[k8conant]

8. Because she was the one whose name was on it?

[Freida5]

9. BO was helping the Rezkos to hide and protect money so that Rezko creditors could not claim

Apparently the creditors could claim his assets but not hers. So BO was helping to hide money. Mr. Ethics is not very ethical

[billbuckhead]

11. Ding, Ding, Ding, Ding, We have a winner!

[Hepburn]

24. So tell us....

....HOW Obama had any control over how the Rezko's held title to their own property???

What an unbelievably STUPID statement...even from a Hillary lover.

[moobu2]

12. I don’t know but I read that

Obama had the entire property (his and Resko’s) fenced in and landscaped as if it was entirely his.

[rateyes]

16. He didn't buy property from either one of them.

Get the story straight.

[moobu2]

20. Ok you tell us what happened then

[rateyes]

21. They both bought property from the same owner...

He bought the house. She bought a lot next door. He made the best offer on the house, and the seller sold it to him with the caveat that she could sell the lot on the same day (a lot he didn't want).

There is nothing illegal in any of it.

[moobu2]

26. Obama bought part of Resko’s lot from Resko’s wife

There may not be anything illegal about the transaction, but Obama was closely associating with a well known scumbag who had been under investigation for years. Then again there may be something there. Obama hasn’t exactly been candid about any of it.

[rateyes]

27. Oh, I see. This is the "guilt by association" tactic...kinda like

Clinton and Hsu.

[EmperorHasNoClothes]

22. 2 topics down, one to go.

substance: zero

[Hepburn]

23. Cuz maybe the title was held in her name alone.

Duh.....:eyes:

Ever consider that property transfers are done subject to the deeds by which the property is held??? If a purchase from her is what shows, then chances are she was the only person on the deed to that piece of real property.

Geeeeez.....

[weezie1317]

25. If Tony didn't own it, how could Obama buy it from him? It's not possible.

[moobu2]

28. But he would be a complete dumb ass

not to know Resko was hiding assets from the government. Why would he get involved in any of it?

[JackORoses]

29. Obama did not buy any land from the Rezko's. You haven't even done any research, have you?

The land was bought from a 3rd Party. Obama bought the part with the house on it. Rezko's wife bought the more expensive street-front section.

You really should familiarize yourself with the subject matter before posting. It always works better that way.

[IndianaJones]

31. are you sure? nt.

[JackORoses]

33. Yes, here's the story.

There was a nice house for sale by some Lady.
The Obamas wanted to buy the house but could not afford the whole lot because part of it was pricey street front property.

The Lady selling the property was willing to sell it in 2 pieces, so Obama bought the part with the house on it and Rezko's wife bought the more expensive street-front piece.

According to the seller, all the prices paid for both sections were Market value. No sweetheart deals here.

The only advantage Obama gained in this situation was that he was able to buy the house.
He still does not own the street-front land.

[IndianaJones]

34. He bought a piece of that lot from the Rezkos. nt.

[peace13]

30. The fact is that women can own property too.

My friend who is very wealthy owns all three of the family homes in an effort to balance the wealth of the husband. They are in her name only. If the homes were sold she would be the seller. Go figure.

[Iceburg]

36. Mrs. Rezko was earning $37,000 per annum at the time of purchase/nt

[peace13]

38. My friend earns -0- .

I don't know the Rezko's finances. Is her husband very wealthy, my guess is that he is if you feel that he gave Obama such a sweet deal. The point is that married wealthy people have their assets divided for financial reasons so her owning a house in her name is not unusual. That is my only point.

[Vinca]

32. I don't know, maybe one of these people can tell you -

Whitewater convictions:

1) Webster Hubbell: Bill Clinton friend and political ally; Hillary Clinton Rose Law Firm partner: embezzlement; fraud; two felony convictions (Wall Street Journal "Whither Whitewater?" October 18, 1995)

2) Jim Guy Tucker: fraud; three felony convictions (Wall Street Journal "Second-Term Stall" February 11, 1997; Associated Press "Tucker Pleads Guilty to Cable Fraud" February 20, 1998)

3) William J. Marks Sr.: Jim Guy Tucker business partner; one conspiracy conviction (Associated Press "Whitewater Defendant Pleads Guilty" August 28, 1997)

4) Jim McDougal: Bill and Hillary Clinton friend, banker, and political ally: eighteen felony convictions (Wall Street Journal "Immunize Hale" May 29, 1996)

5) Susan McDougal: Bill and Hillary Clinton friend; former wife of Jim McDougal: four felony convictions (Wall Street Journal "Immunize Hale" May 29, 1996)

6) David Hale: Bill and Hillary Clinton friend, banker, and political ally: two felony convictions of conspiracy and mail fraud (Wall Street Journal "The Arkansas Machine Strikes Back" March 19, 1996)

7) Chris Wade: Whitewater real estate broker; two felony convictions (Wall Street Journal "Hard Evidence From a Federal Investigator" August 10, 1995)

8) Stephen Smith: former Governor Clinton aide; one conviction (Wall Street Journal "Hard Evidence From a Federal Investigator" August 10, 1995)

9) Larry Kuca: Madison real estate agent; fraudulent loans (Wall Steet Journal "Hard Evidence From a Federal Investigator" August 10, 1995)

10) Robert Palmer: Madison appraiser; one conspiracy felony conviction (Wall Street Journal "Hale Predicts Hillary Conviction" October 21, 1996)

11) Neal Ainley: Perry County Bank president; embezzled bank funds for Clinton campaign; two misdemeanor convictions (Wall Street Journal "Arkansas Bank Shot" May 4, 1995)

12) John Latham: Madison Bank CEO; bank fraud conviction (Wall Street Journal "Smoke Without Fire" January 12, 1996)

13) John Haley: attorney for Jim Guy Tucker; misdemeanor guilty plea; tax fraud (Associated Press "Tucker Pleads Guilty to Cable Fraud" February 20, 1998)

14) Eugene Fitzhugh: Whitewater defendant, pleaded guilty to one misdemeanor count of trying to bribe David Hale; is appealing a ten month prison sentence (The Arkansas Democrat-Gazette, "Whitewater Defendants" February 22, 1998)

15) Charles Matthews: Whitewater defendant, pleaded guilty to two misdemeanor counts of bribery, served fourteen months of a sixteen month prison sentence (The Arkansas Democrat-Gazette, "Whitewater Defendants" February 22, 1998)

[npincus]

37. Bullshit. My sister's name is on the deed of her house

though she is married. Nothing fishy there. If Mrs. rezko was on the deed, she is the homeowner, not her husband.

[anonymous171]

39. Because he believes in women's rights.