Posted on 10/18/2008 2:24:57 PM PDT by Fred
With all the Bill Ayers, ACORN and Rev. Wright character issues that keep coming back to haunt Barack Obama, why shouldnt one more, just 18 days from the election? Thatd 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 banks 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 Rezkos wife bought the neighboring lot for the asking price of $625,000 in 2005.
Obama later bought a sixth of Rezkos 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 Rezkos 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 banks files and he blew the whistle on it.
We have no idea of the merits of the case, and theres nothing in the suit that suggests Obama had anything to do with the alleged appraisal shenanigans, or Conners 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.
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.
SBD finds one very interesting name tied to Obamas 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 Obamas 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 Rezkos wife purchased a portion of an attached lot at a high price and resold it to the Obamas later at a lower price. So if Obama is not having any quid pro quo with Rezko, why is Micelis name associated with his new home?
Poor widdle Obambi has to make due with that wee house.
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)
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