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Breaking News: Grand Jury Supoenas Issued for Rezko/Obama Land Deal

The headline at Drudge:

Grand Jury supeonas Rezko-Obama.png

An exclusive from the Washington Times:

A former Illinois bank official, now claiming whistleblower status, says bank officials replaced a loan reappraisal that he prepared for a Chicago property that was purchased by the wife of now-convicted felon Tony Rezko, part of which was later sold to next-door neighbor Barack Obama.

In a complaint filed Thursday in the Circuit Court of Cook County, Kenneth J. Connor said that his reappraisal of Rita Rezko's property was replaced with a higher one and that he was fired when he questioned the document.

Mr. Connor, a real estate and commercial credit analyst at the Mutual Bank Corp. in Chicago, also noted in the complaint that the bank received a grand jury subpoena in October 2006 requiring it to produce information concerning Mrs. Rezko's purchase, including the bank's files on the property.

The complaint also said that the grand jury wanted information on Mrs. Rezko's checking account and loan file and that the Federal Deposit Insurance Corp. (FDIC) had audited the Rezko file - although Mr. Connor's lower reappraisal had been replaced with a higher amount.

"Connor's internal whistle-blowing activity at Mutual Bank implicates Mutual Bank and the potentially guilty officers thereof to prosecution under federal and Illinois statutes," said the complaint, filed by attorney Glenn R. Gaffney.

The complaint said Mutual Bank officials could be guilty of making false statements, willfully overvaluing property, bank fraud, witness retaliation, willful violation of a lawful subpoena, FDIC violations, and state banking regulations.


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Comments (30)

Gee, ya think?<br ... (Below threshold)
DJ Drummond:

Gee, ya think?

PS - nice timing, huh?

Notice the complete disconn... (Below threshold)

Notice the complete disconnect between the headline and the article. Not a thing in the article about the purchase of the land by the Obamas. It's a completely different transaction but that doesn't stop the wingnuts from trying to pretend it's the same thing.

"Not a thing in the article... (Below threshold)

"Not a thing in the article about the purchase of the land by the Obamas."

...except that it was all part of a larger transaction, and the property values were "modified" to make the Obama land purchase more reasonable-looking. The reason the value of the house was dropped so dramatically was to make it possible for Obama to buy it (without having to take the other $125,000 as a direct cash bribe).

Yes, it's a direct tie to the Obamas. Just like the arrest of the Illinois Governor is also a direct tie to Obama (he helped get Obama elected in EVERY race he ran in, including the Presidency, and was looking for political payback that wasn't coming fast enough and with enough cash).

cirbyBy your idiot... (Below threshold)


By your idiotic logic all the Republican corruption scandals in the past 8 years have a direct tie to Bush. Could you possibly say anything dumber than above? Well, actually I'm sure you can and will.

"Not a thing in the article... (Below threshold)

"Not a thing in the article about the purchase of the land by the Obamas."

Yeah, except for the part in the FIRST freakin' paragraph.

A former Illinois bank official, now claiming whistleblower status, says bank officials replaced a loan reappraisal that he prepared for a Chicago property that was purchased by the wife of now-convicted felon Tony Rezko, part of which was later sold to next-door neighbor Barack Obama.

Good try JFO. Cirby gives ... (Below threshold)

Good try JFO. Cirby gives direct facts about how Obama and Rezko are related in corruption and how the Governer of Illinois and Obama of Illinois are related (The corrupt governor helping Obama win each election he's been in.) and you counter with..............


just a strawman "well gee then that means that Bush is related to every corrupt Republican."

Cirby talks facts, you talk innuendo. Good going but it's only the libs who will find your argument persuasive.

Sue, you dream a wet dream ... (Below threshold)

Sue, you dream a wet dream about Obama. You and many of your ultra rightwinger buddies. How about demonstrating the "facts" - not what you think or want them to be - but facts supported by documents and testimony that concludes Obama is "corrupr" as you so like to dream in your wet dream.

Ummm...this isn't breaking ... (Below threshold)

Ummm...this isn't breaking news. The Washington Times story was published on 10/18 and there hasn't been anything about this (at least not that I can find) since. Kim (here) and Drudge are being a bit disingenous in treating this as if it were new "news". If that complaint was so damning, why hasn't there been a follow-up since 10/18. Why wasn't it an issue pre-election? Because there's nothing there, at least not as far as a connection to Obama. As for the Blagojevich mess, good for Fitz. And as the complaint in that case makes clear, Obama's team specifically refused to play ball.

OG...(Does that mean Obama ... (Below threshold)

OG...(Does that mean Obama is God?)

Obama's team didn't report the solicitation of the bribe to the authorities...which is required by law. A team with so many lawyers should know this. I guess when it's a Democrat and a Chicago one at that, it doesn't apply.

The Tribune Columnist that ... (Below threshold)
Pretzel Logic:

The Tribune Columnist that he wants out is John Kass by the way.

Children's Hospital? Come On. Ever been in one Governor? What a Dick!

".........If that complaint... (Below threshold)

".........If that complaint was so damning, why hasn't there been a follow-up since 10/18. Why wasn't it an issue pre-election?...."
Posted by OGLiberal | December 9, 2008 12:45 PM

Uh, can you say "biased MSM"? It was there, and had the potential to damage the Obama candidacy, so of course it was ignored.
Sounds like Obama's own personal "Whitewater" has surfaced early. Who's got the first catchy "___-Gate" moniker to describe the situation? There should be a flood of them soon.

@hermiea) Do you k... (Below threshold)


a) Do you know that Blagojevich directly tried to bribe the Obama team? I see nothing in the complaint indicating this happened.
b) How do you know that the Obama team didn't report the solicitation? Perhaps they were the ones that gave Fitz the tip. Jarrett pulled herself out of contention pretty quickly. Could be that Blagojevich did ask for something in return, they refused, then gave Jarrett a WH adviser slot and gave Fitz a call.

Fitz is probably a guy Obama wants to keep on during his administration and probably promote. He's a good prosecutor. I can the Obama team working with Fitz on this case, not against.

And the OG actually stands for Obama is the Greatest-bestest-superest-terrificest-wondefulest person ever in history! (we liberals, by the way, don't worship at the altar of Obama like conservatives do with Palin)

@iurockheadAgain, ... (Below threshold)


Again, with the MSM. Get over it. You're talking about the same MSM that had circle-jerks over St. John McCain. It cuts both ways. I mean, did you watch the talking heads fawn over Bush playing Top Gun back when he was a popular president. Please, the MSM doesn't have a liberal bias, it has a stupid-bias.

@iurockhead:"Sound... (Below threshold)


"Sounds like Obama's own personal 'Whitewater' has surfaced early."

The liberal, terrorist loving, America hating NY Times "broke" the Whitewater story in early 1992 - ie, before the Dem primaries were over.

And, again, it was the NY Times who introduced America to Whitewater. It was also the NY Times who published Judy Miller. Got that?

Arrgh... Okay, I'll say thi... (Below threshold)

Arrgh... Okay, I'll say this again. That Washington Times article is from OCTOBER 18TH.

Obama's chickens....... (Below threshold)

Obama's chickens...
...are coming home...
...to roost!

Gee whiz, and WHO owns the ... (Below threshold)

Gee whiz, and WHO owns the bank?...

read it twice and can still... (Below threshold)

read it twice and can still find nothing having to do with obama. if obama was trying to hide a bribe, rezko would have wanted the value deflated not inflated. this has nothing to do with our president. please stop the treason on this website. we need to defeat the terrorists abroad. we dont need you interfering.

Looks like Obama may have c... (Below threshold)

Looks like Obama may have committed an impeachable offense even before taking office -- was this the "hope" and "change" the Dems signed up for?

please stop the tr... (Below threshold)
please stop the treason on this website

Wow. So does Obama winning the White House now give you carte blanche to question people's patriotism and call them treasonous?

What hospital was it that M... (Below threshold)

What hospital was it that Michelle Obama was employed by? You know, the one that gave her an instant $150,000 raise. Seems like it was Childrens' Memorial Hospital, the CEO of which is a figure in the Blagojevich indictment.

Just based on what I have r... (Below threshold)

Just based on what I have read, I find this to be a true. I am sure that there was and is something wrong with the purchase of the Obama house and the neighboring land purchase made by Rezko, even the part that was later transferred to the Obama's.

I hope that there is a investigation into this matter. Especially before Obama is sworn into office.

I'd like to know who put pr... (Below threshold)
CH Klaver:

I'd like to know who put pressure on the BANK.

Did any of you Obama supporters at least wonder why...
*the Democratic Party moved it's PARTY HEADQUARTERS away from DC (another historical event) to Chicago for this election?

*no stories were reported in the national media about Obama's neighborhood, talking with constituents, or spotlighting past achievements in his home state and own district?

*the national media took Obama's excuse that he made a "boneheaded" move in getting a land deal from Mrs. Rezko (which he admitted himself), then never did any further investigations themselves?

*Gov Blagojevich, a governor, was not selected for nomination status, and Obama who had hardly any record and was a mere junior Senator was?

*Gov Blagojevich tried to get the Chicago Tribune to censor stories and fire editors?

Please take your Obama goggles off and start to think about things.

Talk about making gross com... (Below threshold)

Talk about making gross comparisons!

Could you at least compare apples to apples?

A comparison of Bush with "all the Republican corruption scandals," and a comparison of Obama with corruption in his own state, and with people he has had close relationships with (advising Gov Blagojevich, and Rezko being his number one political contributor, who effectively got his political career started) are two different things. These corruption scandals beg the question: how was Obama able to rise in the political cesspool of Chicago and Illinois?

JFO you just said something equally dumb. Perhaps it would help if you didn't engage in personal attacks. But Obots don't know how to do anything else.

JFO said:
"By your idiotic logic all the Republican corruption scandals in the past 8 years have a direct tie to Bush. Could you possibly say anything dumber than above? Well, actually I'm sure you can and will."

"Ethics Group Says Obama Ca... (Below threshold)
Anybody else wonder why the... (Below threshold)

Anybody else wonder why there was so much focus on Rev. Wright, and questions about Obama's Muslim upbringing....
But there was nothing else investigated in Chicago?


Just another distraction to... (Below threshold)


<a href="http://www.thewash... (Below threshold)
Ms Helga:



Please note how much Adolph Hitler looks like David Axelrod. I should know- I was born in Berlin.

Ms. Helga

Would be nice to impeach th... (Below threshold)

Would be nice to impeach the SC. They are worthless and cowards. They don't represent America and the Constitution of our Coutry. Big disappointment.

When will they look into th... (Below threshold)
Sharon M:

When will they look into the fact that MicHELLe got a big $120,000 a year raise increase as soon as Obama became a Senator. Isn't that a big bribe saying make sure that obama votes for whatever it is that we need. Why else give MicHELLe such a big raise.
Obama has a lot of very dirty friends thru Rezko including Saddams money launder and his ex minister of Electricity.
But 1st things 1st... Washington DC needs to look into his HA birth certificate. Nonsense to the BS that its a private matter. If you want to be President of the USA we the people have a right to see it from the Registrar not a copy that is all doctroed up from Obama. Go right to the source. The office of vital records in Hawaii. End of story...






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