The 'Bonehead' Deal Returns (Whistle Blower Lawsuit on Obama/Rezko Home Purchase)

New Yor Daily News ^ | 101808 | - Michael McAuliff

[Fred]

With all the Bill Ayers, ACORN and Rev. Wright “character” issues that keep coming back to haunt Barack Obama, why shouldn’t one more, just 18 days from the election? That’d be the purchase of property from then-friend and now convict Tony Rezko, which Obama admits was “bone-headed.”

The issue is back thanks to a $4.2 million lawsuit filed Thursday by a former worker against the bank that handled the deal, and who says the bank’s appraisal of the land was inflated. You can read the pdf of the suit here.

For those who forget, Obama bought his home for $1.65 million ($300,000 under the ask) from Fredric Wondisford and Sally Radovick on the same day that Rezko’s wife bought the neighboring lot for the asking price of $625,000 in 2005.

Obama later bought a sixth of Rezko’s parcel for $104,500 to expand his yard by 10 feet and she sold the rest to someone else, bagging a profit of about $50,000, Bloomberg reported.

The new issue is that Kenneth Conner, an appraiser for Mutual Bank, says Rezko’s land was assessed at an inflated value. He claims he was fired improperly last October after he discovered his low appraisal had been removed the bank’s files and he blew the whistle on it.

We have no idea of the merits of the case, and there’s nothing in the suit that suggests Obama had anything to do with the alleged appraisal shenanigans, or Conner’s firing.

But the fact that the suit has been filed brings back yet another item that Team Obama would rather not have to deal with in the closing days of the contest. And the validity of the case is not likely to be resolved until after the voting is done.

[Fred]

PDF Doc of Lawsuit Filing by Kenneth J. Conner

Have the Obozo Jack Booted Thugs shown up at Conner's house yet??

[fso301]

It's unclear what property the subject appraisal was for but it sounds like this is a good thing for Osama, hence the lawsuit. Osama's decision really would have been "boneheaded" if he paid more than the property was worth.

Never-the-less, the appraiser should have a copy of the appraisal. The original electronic loan file should indicate who the original appraiser was. If someone later edited it, there should be an electronic record of that.

[Brown Deer]

Who Pays Obama Taxes On His House

SBD finds one very interesting name tied to Obama’s new mansion - that of a former employer in a law firm which had many questionable dealings with convicted felon Tony Rezko.

The name is William Miceli who was Obama’s Supervisor when he worked at the Davis Law firm where Rezko was his client and a partner with the firm on some expensively failed housing projects for the poor.

This is important to know because at this time, in late spring of 2005, Obama was supposedly not having business dealings with Rezko or the Davis Law firm, even though Rezko’s wife purchased a portion of an attached lot at a high price and resold it to the Obama’s later at a lower price. So if Obama is not having any quid pro quo with Rezko, why is Miceli’s name associated with his new home?

The 0bomba Mansion

Its 6,400 square feet included six bedrooms, six bathrooms, and a wine cellar for 600 bottles.

[Army Air Corps]

Poor widdle Obambi has to make due with that wee house.

[jedgarlives]

Why isn’t this a screaming headline on Drudge? Instead he has RINO Powell endorsement of Obama. Maybe the polls would change if the public actually knew this stuff. MSM was all a tither over the non-firing of the Alaska Public Safety Director by a Governor who had every right to fire him (like the phony US Attorney story), yet when a bank employee claims he was fired for trying to point out fraud directly related to Obama’s home purchase-nothing. I am scared for our country the press (even Fox and Drudge and organizations I thought were conservative) are so in the tank it’s pathetic. Get this to Greta. Scary when she seem to be the only faqir one left (and I am pretty sure she’s a lib)