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Discussion Starter · #1 ·
To Start With:

What is a Rezko? Find out here

And what does a Rezko have to do with "Corruption Credits"?

The article from a Right Wing Nut House that follows below will help us all understand the answer to that question.

The text in the quote boxes is from Mansion Mistake.

A British-Iraqi billionaire lent millions of dollars to Barack Obama’s fundraiser just weeks before an imprudent land deal that has returned to haunt the presidential contender, an investigation by The Times discloses.

The money transfer raises the question of whether funds from Nadhmi Auchi, one of Britain’s wealthiest men, helped Mr Obama buy his mock Georgian mansion in Chicago.

A company related to Mr Auchi, who has a conviction for corruption in France, registered the loan to Mr Obama’s bagman Antoin “Tony� Rezko on May 23 2005. Mr Auchi says the loan, through the Panamanian company Fintrade Services SA, was for $3.5 million.

Three weeks later, Mr Obama bought a house on the city’s South Side while Mr Rezko’s wife bought the garden plot next door from the same seller on the same day, June 15.

Mr Obama says he never used Mrs Rezko’s still-empty lot, which could only be accessed through his property. But he admits he paid his gardener to mow the lawn.

(Note: probably well paid! Divider! Don't miss the opportunity!)
It should be mentioned that Obama got around a $300,000 discount on the $2 million plus house. The sellers deny there was any quid pro quo with the two buyers â€" that there is no connection between Mrs. Rezko paying full price for the lot next door and the bargain they gave the Obamas.

That may be so but the question is, where did Mrs. Rezko get the money?

It is unclear how Mrs Rezko could have afforded the downpayment of $125,000 and a $500,000 mortgage for the original $625,000 purchase of the garden plot at 5050 South Greenwood Ave.

In a sworn statement a year later, Mrs Rezko said she got by on a salary of $37,000 and had $35,000 assets. Mr Rezko told a court he had “no income, negative cash flow, no liquid assets, no unencumbered assets [and] is significantly in arrears on many of his obligations.�
Auchi is emerging as a key figure in the corruption trial of Rezko and also played a part in one of Rezko’s attempts to exploit his relationship with Obama. Obama denies he ever did any favors for Rezko or his associates but the crooked Obama fundraiser told prosecutors that after Auchi gave him another “loan,� he asked Obama to intervene with the State Department in order to get a visa for Auchi who was being denied entry into the US:

Prosecutors say that, after Mr Auchi was unable to enter the United States in 2005, Mr Rezko approached the US State Department to get him a visa and apparently asked “certain Illinois government officials to do the same.� Mr Obama denies he was approached. Mr Auchi’s lawyer has emphasised to The Times that it would be entirely false to imply that money had been lent by GMH to Mr Rezko in return for Mr Rezko seeking to assist Mr Auchi to obtain a visa. The two men’s relationship, the lawyer stressed, was a busines s one.
Just who is this guy Auchi?.

Allow me to introduce you to Nadhmi Auchi. He was charged in the 1950s with being an accomplice of Saddam Hussein, when the future tyrant was acquiring his taste for blood. He was investigated in the 1980s for his part in alleged bribes to the fabulously corrupt leaders of post-war Italy. In the 1990s, the Belgium Ambassador to Luxembourg claimed that Auchi’s bank held money Saddam and Colonel Gadaffi had stolen from their luckless peoples. In 2002, officers from the Serious Fraud Squad raided the offices of one of Auchi’s drug companies as part of an investigation of what is alleged to be the biggest swindle ever of the NHS. With allegations, albeit unproven, like these hanging over him, wouldn’t you think that British MPs would have the sense to stay away?

Perhaps you would, but I forgot to add a final fact about Mr Auchi: he is the thirteenth-richest man in Britain, and he has been able to collect British politicians the way other people collect stamps.
First of all, his business dealings make Rezko’s kickback schemes for political contributions look like the minor leagues of sleaze. Auchi had a hand in the biggest political and corporate scandal in post war Europe, the so-called “Elf Affair� where $2 billion francs up and disappeared from the French state oil company Elf.

In a fantastically complex scheme, oil company execs used the state owned company as their own piggy bank, loading up on goodies:

The Auchi case confirms that the political class is attracted to the sleaziest characters in capitalism. Auchi’s conviction was a part of the gigantic investigation into the corruption of the Elf oil company, the biggest fraud inquiry in Europe since the Second World War. Elf became a private bank for its executives who spent £200 million on political favours, mistresses, jewellery, fine art, villas and apartments. By any definition, this was news.

It was only due to the persistence of the French investigating magistrates that Auchi got to Paris. They issued an international arrest warrant in 2000. For three years, the Home Office refused to deport him. Two MPs, Vaz and an unnamed politician, made inquiries. Renaud van Ruymbeke, the French magistrate leading the investigation into the Elf scandal, all but accused Britain of sheltering fugitives. Only after his protests, and pressure from this newspaper did the Home Office relent. Then there were Auchi’s relations with Iraq which have a certain topicality.
What are those connections to Iraq? Nothing less than being an early and enthusiastic supporter of Saddam Hussein. He has admitted to taking part in the assassination attempt on former Iraqi prime minister Qasim which Saddam also took part. He must have realized the nature of Saddam because he left Iraq but kept doing business with the regime:

Auchi’s brother was among the many Baathists killed by Saddam, but the execution did not inhibit Auchi’s business dealings with Iraq which, he says, didn’t stop until the Gulf war of 1991. His first coup in the West was to broker a deal to sell Italian frigates to the Iraqi Defence Ministry, for which he received $17m in commission. Italian investigators claimed that a Panamanian company owned by Auchi was used to funnel allegedly illegal payments. Auchi denied he had done anything wrong.

In the mid-1980s he got to know Pierfrancesco Pacini Battaglia, a man whose role in directing money to politicians led Italians to call him ‘the one below God’. Saddam Hussein had ordered the construction of a pipeline from Iraq to Saudi Arabia. Battaglia and Auchi secured the contract for a Franco-Italian consortium. In a statement to New York lawyers Battaglia alleged he knew how. ‘To acquire the contract it was necessary, as is usual, especially in Middle Eastern countries, to pay commission to characters close to the Iraqi government… In this case, the international intermediary who dealt with this matter was the Iraqi, Nadhmi Auchi.’ Auchi has denied any wrong-doing.
Truly. Elegant. Sleaze.

Rezko was into Auchi for upwards of $27 million â€" monies that curiously never got paid back. But what Rezko had was a stake in a big land development project that he was only too happy to give Auchi a piece:

According to court documents, Mr Rezko’s lawyer said his client had “longstanding indebtedness� to Mr Auchi’s GMH. By June 2007 he owed it $27.9 million.

Under a Loan Forgiveness Agreement described in court, Mr Auchi lent Mr Rezko $3.5 million in April 2005 and $11 million in September 2005, as well as the $3.5 million transferred in April 2007.

That agreement provided for the outstanding loans to be “forgiven� in return for a stake in the 62-acre Riverside Park development.
The Obama-Rezko relationship must be understood in the context of the influence peddling, the casual corruption, the cronysm, the favoritism shown in less than open bidding â€" all part of a city and state political culture where the politician, the businessman, and the crook frequently rub elbows and sometimes wear each other’s hats. Obama hiring the daughter of a Rezko associate to work in his office (after Rezko had helped raise tens of thousands of dollars for his campaign) is no big deal. But this kind of “favorâ€? done for Rezko is a different story:

The Chicago Tribune: “On June 13, the Chicago Sun-Times reported that as a state senator, Obama wrote letters to city and state officials supporting Rezko’s successful bid to get more than $14 million from taxpayers to build apartments for senior citizens. The Sun-Times said the deal included $855,000 in development fees for Rezko and his partner, Allison S. Davis, Obama’s former boss, according to records from the project, which was four blocks outside Obama’s state Senate district.
Obama now regrets his association with Rezko and has given $150,000 to charity in order to atone for his sins.

(Note: There you have it! $150,000 in "Corruption Credits"! All you need to do is kick back some of the profits to charity and everything is ok.)

Sorry Barry but it don’t work that way.

In the course of a 17 year relationship with Rezko, it is impossible to quantify the amount in contributions funnelled to Obama by Rezko using his ill gotten gains. Nor can it be ascertained at this time if the favors done by Obama for Rezko â€" large and small â€" involve him in illegal activities. It certainly has him enmeshed with some extremely shady characters in Rezko and Auchi.

At this point, unless there is a deliberate, concerted effort by the large media outlets to allow this story to die once Rezko is convicted, I find it probable that other revelations are yet to come that will show Obama to be just another machine politician, skirting the edge of ethics and the law â€" perhaps even going over the line and engaging in criminal activities.

Obama is not the Agent of Change. He is a calculating politician who plays the game the same way politicians have been playing it for hundreds of years â€" receiving money in exchange for favors from government for his friends and cronies. And if Mike Royko were alive, one has to believe that despite agreeing with his politics, Royko would have been relentless in taking Obama down, hammering away in his own inimitable style at the influence selling, the sweetheart deals, the pay for favors, and all the rest of this sleazy mess.

No Royko today. But we have an army of bloggers who can push this story into the mainstream and force the media to expend the resources necessary to get to the bottom of the Rezko-Obama enterprise. True, like Whitewater it is a very complex story and there is very little ease in the telling. But given the stakes, an effort should be made nonetheless.

Story By: Rick Moran at "Right Wing Nut House".


5,688 Posts
The only part I will take issue with is the buying the mansion for $300,000 under market. Experience shows me a couple of things, 1) No one in their right mind can accurately establish what a home of that size is really worth on the open market and 2) it is very common for a multi-million dollar home to sell for hundreds of thousands of dollars less than the original asking price. So I will give Obama a pass on getting a good deal, the rest however, is debatable.


First off, the very last sentence says it all "Right Wing Nut-House". sick:

Is all you can do is copy and paste from some idiots website. And here I thought I was having respect for you due to (at least) some semblance of intellegence. sure put THAT thought to rest. conf:

If that's where you like getting your information, I'm kind of feeling sorry for you now. You are starting to really reach for anything regarding our next president (and you know who that's going to be.....right?) Tup:

In case you didn't know. Rick Moran is acually Rick Moranis (the actor from Canada) :lol: Have another Beer....ya hoser "A"!!!!

That guy is a friggin nut case. I read some of his other stuff. And all he does is complain about nothing and everything. This guy is a real piece of work. He sounds miserable. And if that's what being a conservative is all about......NO THANKS!!! sick:

Sorry dude.

3,957 Posts
Discussion Starter · #4 ·
IBCNUL8R - I am truly disappointed by your lack of integrity. :(


Did you hope to discredit Mr. Moran by calling him a Canadian of another name?

Rick Moran said:
RIGHTWING NUTHOUSE is administered by Rick Moran, a 52 year old libertine from Algonquin, IL.

A freelance writer with more than 15 years experience in grass roots political action, Moran has worked for a number of business trade associations running programs that teach local businessmen how to become active in the political process. Among the trade associations he has worked for at both the national and local level are The Associated Builders and Contractors (ABC) , the American Subcontractors Association (ASA), and the Painting and Decorating Foundation (PDF).

He has been involved in more than 20 political campaigns as both a volunteer and paid staffer, having sat on a dozen or more steering committees as well as acted as speechwriter for a number of local candidates.

Born in Libertyville, IL Moran grew up in Mount Prospect, IL and attended Drake University where he graduated in 1976 with a Bachelor of Fine Arts Degree. He has 9 brothers and sisters, all of whom are much more liberal than he is which makes for interesting family reunions.

His brother Terry hosts the ABC news show Nightline while his brother Greg is a reporter for the San Diego Union.

His sister Maribeth is a minister, his sister Rosemary is stay at home mom with numerous volunteer responsibilities, and his sister Peggy is a partner in the Washington D.C. law firm of Howrey and Simon.

His brother Jay lives in nearby Barrington, IL, his brother Jim is a lifelong teacher, his brother John a successful business consultant, and his brother Larry a respected banker.
Mr. Moran carries enough credibility to call his blog a nuthouse without readers impugning the accuracy of his information, which in this case, came from The Times.

But! Getting back to the story...

The Audacity of Silence - About Tony Rezko

Jury selection began today in Chicago in the trial of Syrian-born businessman Antoin “Tony� Rezko, a major supporter of Barack Obama. Two days before the 2006 elections in which Democrats won by running against a “culture of corruption,� Chicago newspapers revealed that Obama purchased a home that summer for $1.6 million, but only because Rezko’s wife bought an adjoining parcel for $625,000 to complete the deal. Rezko was already under federal investigation for kickback schemes.

To a political opponent, this might resemble a lobbyist’s sweetheart deal like the one that started Rep. Duke Cunningham’s political decline, where a lobbyist paid $700,000 more for Cunningham’s home than his own sale price months later. But the national media are anything but opponents of Obama’s. Despite Obama’s high national profile as a Democratic symbol of hope, network TV news and the national news magazines have done a dreadful job of telling the Rezko story, and have struggled not to repeat it.

A Nexis search through February 2008 finds Time magazine has never mentioned Tony Rezko, despite several soaring cover stories on Obama. U.S News & World Report noted it once, briefly (September 24, 2007). Newsweek disposed of the smelly land deal in one paragraph â€" paragraph 20 â€" in a January 31, 2008 story that actually touted Obama as a reformer.

An MRC analysis of all broadcast news shows through February 29 found the TV networks weren’t much better.

Evening News:

Only the NBC Nightly News has aired a full Rezko story, by reporter Lisa Myers on January 28, a week after Hillary Clinton threw out Rezko’s name at a debate. ABC’s World News hasn’t touched it.

CBS Evening News anchor Katie Couric mentioned it once in passing on April 27, 2007. She then reported her own story celebrating the ardor of Obama’s community organizing in Chicago: "Most people stayed in that job for four months. Obama continued to fight for four years, cutting his teeth on community activism, the first measure of his leadership skills that are now being tested on a much larger stage." She then reported her own story celebrating the ardor of Obama’s community organizing in Chicago. Reporter Dean Reynolds mentioned Rezko in passing again on February 28.

Morning News.

The networks aired only one story explaining the Rezko deal, from ABC reporter Brian Ross on the January 10 Good Morning America. ABC’s Diane Sawyer asked Obama two questions about Rezko on January 23, two mornings after Hillary mentioned the name in a debate. She pressed him on whether he had really returned all Rezko’s donations, but she also disdained the topic: “We have heard a lot of people say they are exhausted by this charge, counter charge.� On CBS that morning, Harry Smith tossed in one Rezko inquiry.

On NBC, Matt Lauer pressed not Obama, but Hillary Clinton with it on January 25: “Does it make sense to use something like this, Tony Rezko, against Senator Obama, when there really is no such thing as political purity anymore?�

Other Shows.

When the Rezko issue has surfaced on other shows, its appearance is usually brief. On NBC’s Meet the Press, Tim Russert softly pressed Obama last November 11 (for about 300 words of talk between them, less than a typical Russert question). CBS Sunday Morning commentator Nancy Giles mentioned it in passing on February 24, but CBS’s other Sunday shows (Face the Nation and 60 Minutes) have repeatedly skipped it in their Obama interviews.

Terry Moran raised it on ABC’s Nightline on February 25 (for about 500 words of chat). George Stephanopoulos raised Rezko in two This Week interviews before this past weekend. On May 13, 2007, he asked Obama, “What were you thinking?� Obama replied “I’m very proud of my ethics record. I mean, I was famous in Springfield for not letting lobbyists even buy me lunch.� How many lunches would a lobbyist have to buy to equal Rezko’s $625,000 parcel purchase?

By: Tim Graham

More Info: Rezko Connections: More Questions for Obama

Even More: Rezko beginning to intrude on Presidential Campaign

7,270 Posts
Facts?? conf:

What would YOU know about facts there Sko? wink:

Hell... you think Ollie North, Ann Coulter and Michelle Malkin are objective journalists! :shock:

:lol: :lol: :lol:

15,057 Posts
Yup, in many cases that is too a fact. I like their position on many things. And I detest the Daily Kos's take on the issues.
ANND I know as much about facts as you do, maybe even more. :)

3,957 Posts
Discussion Starter · #8 ·
I think Obama should have been more open with the facts!

His snubbing of the press corps has soured their infatuation.

March 4, 2008 -- Democrats in four states - Ohio, Texas, Rhode Island and Vermont - head to the polls today to vote for a presidential nominee, and the stakes are huge. Question is, do voters really know these candidates well enough?

Not likely. Because neither Sen. Hillary Clinton nor Sen. Barack Obama appear to have been totally candid with the public.

That's nothing new for Clinton, of course. Much of her political career, dating back to her days at the White House, has been shrouded in secrecy and unanswered questions.

But Obama has built his campaign on trust and honesty.

He's sought to establish a spiritual bond with everyday Americans - so they don't have to worry about his lack of a solid record and fleshed-out policies.

Now, it seems, there's evidence his campaign has been breaching that trust.

In their debate in Ohio, both Dems suggested they'd try to gut the NAFTA treaty within six months of taking office. Yet Obama economics adviser Austen Goolsbee was reportedly meanwhile hinting to Canada's government that Obama didn't really mean what he said - that his rhetoric "should be viewed as more about political positioning than a clear articulation of policy plans."

Wink, wink, nod, nod, that is.

The Obama campaign denied it.

But The Associated Press yesterday produced a memo from a Canadian diplomat summarizing the meeting and Goolsbee's remarks, reaffirming the charge. Obama's folks then bobbed and weaved.

In a way, it's good news: Gutting NAFTA to please labor unions would come at everyone else's expense. So if Obama isn't serious about that, it's to his credit.

Alas, voters now have no way of knowing exactly what his intentions are.

Meanwhile, the corruption trial of his one-time major fund-raiser, Chicago real-estate mogul Tony Rezko began this week. Questions center on Obama's purchase of a house in 2005 on the same day that Rezko's wife bought an adjacent parcel and on the candidate's purchase of a portion of that land while the feds had Rezko in their sights.

The unusual simultaneous sale of that adjacent plot of land to Rezko's wife may have helped the Obamas save $300,000 - while the Rezkos purchased their property with few cash assets. Plus, just three weeks before these property exchanges, Rezko got a $3.5 million loan from his business partner, Iraqi billionaire Nadmi Auchi.

Obama says he has provided all the necessary explanations about the strange deal. But numerous lingering questions can only leave the public wondering.

13,456 Posts
Alas, voters now have no way of knowing exactly what his intentions are.
Ya think? They never really have known what his intentions are, because HE doesn't know what his intentions are, other than get elected. The man without a plan, Barrack Obama.
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