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McCain Tells His Party to Get Off Obama’s Back
December 16th, 2008
McCain tells his party to get off Obama’s back. Sen. John McCain (R-Ariz.) said it’s high time the Republican Party get behind President-elect Barack Obama and get off his back. When asked by ABC “This Week” host George Stephanopoulos whether he thought Obama was being less than forthright about his staff’s contact with embattled Illinois Gov. Rod Blagojevich, McCain shot back: “I think that the Obama campaign should and will give all information necessary. You know, in all due respect to the Republican National Committee and anybody – right now, I think we should try to be working constructively together, not only on an issue such as this, but on the economic stimulus package, reforms that are necessary…” Read what else McCain said here.
OBAMA LL DAY
TIME TO GET PAID YALL
The amount racism I see on this site is sickening… racists charges made using equally racist language… if only some of these posters could see how they come off…
Obama needs to start talking about these “deals” before he finds himself in real hot water… What? Obama doesn’t even own his house? What’s going on here… where is the money flowing…?
December 16, 2008
Rezko’s Lawyer Owns Obama’s House
By DemocracyRules
This is another scandal that just keeps growing. When it first became known that Rezko helped Obama buy his house, Obama himself called the deal “boneheaded”.
Now things look much worse, because Rezko ‘s lawyer owns the house. His name is William Miceli, and Obama formerly worked for him.
Documents here Download 5046_Greenwood_AV_Lexus (December 16, 2008
Why would Rezko’s lawyer own Obama’s house?
There are several explanations, and none look good. Obama tried to buy the house because Michelle wanted it. “According to My DD: Direct Democracy, in 2004, Barack’s wife, Michelle, was on the board of the Commission of Chicago Landmarks and in this capacity, learned of a designated historical home in Kenwood that was for sale — the home and the adjacent land at 5046 South Greenwood.”
But the sellers were asking more than the market value. They also insisted on selling the adjacent empty lot at the same time. The house and the two lots together made an attractive package, because it became a corner property with a big yard.
House picture here
The price was too high for Obama, so he went to Rezko for help. Rezko’s plan was to buy the adjacent property on the same day Obama bought the house. Obama would still have to overpay, even for just the house. But once the whole deal was finished, the package would become a reasonably good deal.
Obama (or William Miceli) bought the house, and Rezko’s wife bought the adjoining lot. Then Obama got a strip of the lot from Rezko’s wife for about $100,000. This did two things. It expanded the house lot, which increased the house value. The picture shows a new fence that Obama had built along the new property line. It also made the adjacent lot so narrow, it’s unlikely anyone who bought it could make money building something on it. They might not even be able to get a building permit. So essentially the deal gave Obama a house and the use of two lots.
Michelle had the house she wanted, and the Obama’s had a house that looked “Senatorial”.
But the deal was unethical because Rezko had conferred a benefit by helping Obama obtain something he couldn’t otherwise afford.
And since Rezko’s lawyer actually owns the property, a benefit is still being conferred to Obama all the time he lives there.
But wait, there’s more! The mortgage is way too high. It’s so high it violates the lending rules for Fannie Mae/Freddie Mac, which carries the mortgage. Why? And who pays this mortgage? Why would Obama pay a mortgage on a house he doesn’t own? Does he just pay rent, while Rezko’s lawyer pays the mortgage?
But wait, there’s even more! It’s now clear the adjacent lot was overvalued by Rezko’s bank. At the time, an appraiser said it was worth $500,000. But Rezko’s bank unilaterally upped the value to about $650,000. This enabled Rezko’s wife to get a bigger mortgage on the lot. A bank employee found out, and complained this was mortgage fraud. Overvaluing a property to get a bigger mortgage is against the law. The employee blew the whistle, but he was fired. Now he’s suing the bank.
But wait there’s even more! Rezko borrowed money for the deal from his friend and backer Nadhmi Auchi, a British billionaire from Iraq who was mixed up in the oil-for food scandal. Auchi has a very complicated past, and he’s very litigous about any mention of his name.
Does Nadhmi Auchi effectively own or control the house Obama lives in?
Now there’s word that Patrick Fitzgerald is getting interested in these dealings. I sure hope he does.
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Not only that non aa’s are trying to discredit President Obama now the man can’t even live in his house in peace, why can’t you people just be happy for him, certainly he deserves that. He has worked hard to get where he is today, all i smell is pure jealousy now that the aa’s have a bit of hope all you do is want to tear us down, well i’m not standing for it i support my President to the fullest and he’s gonna do great things for everyone
london, london, london,
This is just tooooo much!!! What is this ax that you have to grind with our President elect Obama (by “our” I mean us United States citizens who voted him into office). Are you some kind of jaded right wing reporter or a bitter and angry spy for the GOP? What is your purpose here? You do realize that the election is over… do you not? You can dig up and post 99 more pages of slanderous dirt and Obama will still be living in the white house on 1/21/09! Come out of denial! It happened! We actually elected a black man as president! He really is black! He is the official HNIC!!! And all that BS you posted doesn’t matter! BTW: The US Supreme Court threw out the case against Obama dealing with the birth certificate….and this too shall pass! What a shame. Just wasted energy that could be utilized in a more productive manner!
oh and london,
THE ELECTION WAS TELEVISED!!!!!!!!!!
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