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Full title: UPDATE ON OBAMAS’ HAWAIIAN ESTATE PURCHASE: Property has been bought on Oahu in the name of a blind/family trust (but it’s a different house than we originally thought it would be)
1 posted on 10/25/2012 9:57:14 AM PDT by 2ndDivisionVet
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You get a pension even if you serve for 2 months in some positions? What a deal.

Team Obama can read the “real” internals of the polls and directions and it is perfectly logical they know they are in a no win position.


2 posted on 10/25/2012 10:02:19 AM PDT by Crimson Elephant
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To: 2ndDivisionVet

I hope they choose the Waianae side.


4 posted on 10/25/2012 10:12:10 AM PDT by skeeter
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To: 2ndDivisionVet
Obama’s young staffers (many of whom are under 30) are thus facing a situation where they will be out of work when Bathhouse Barry leaves office

Well, the only thing that Barry has been good at -

PUT PEOPLE OUT OF WORK!

My heart bleeds for the junior commies.../sarc

5 posted on 10/25/2012 10:12:42 AM PDT by The Sons of Liberty ( For AMERICA's sake: Vote for the Mormon, NOT the muslim; The Capitalist, NOT the Communist! FUBO!)
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To: 2ndDivisionVet
Recall Michelle Obama's "taste" in clothes and imagine what a custom mansion designed to please her will look like--the boob belt of architecture.

I don't even want to think about how she will decorate the place.
6 posted on 10/25/2012 10:24:13 AM PDT by Nepeta
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To: 2ndDivisionVet
a “blind trust” or a “family trust” setup for the Obamas with the help of wealthy Chicago banker Penny Pritzker has purchased a property for Barack and Michelle and their family to move into when they depart the White House in January 2013

I always figure that no one bribes an ex-president. So when ex-presidents set up trusts and institutes and foundations to manage donations after they leave office, I always assume they are just laundering their subterranean money into daylight. Likewise when they accept partnerships at several million a year with no duties, same thing. Or have books ghost-written for them that no one buys but they collect multimillion dollar advances, same thing.

Rumor has it that a large share of the funding is coming from the Saudis

No doubt but it would be money from his accounts in Saudi banks, again, being laundered into daylight.

But thats just me.

7 posted on 10/25/2012 10:25:34 AM PDT by marron
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To: 2ndDivisionVet
My favorite part:

" My source in the Pritzker orbit says that these days Penny “looks like Hell, is not sleeping, and cries a lot because she’s under so much stress” because she can’t raise the money like she used to. Many wealthy Chicago families have told her they’re not writing “one more damn check to him” and that backing Obama to begin with was a giant mistake."

Well, my favorite, after the bit about Miss Marion punking Barry's sorry ass(ets).
8 posted on 10/25/2012 10:28:04 AM PDT by Paine in the Neck (Socialism consumes everything)
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To: 2ndDivisionVet

Kevin DuJan’s writing is very entertaining. He’s hilarious when describing 0’s family. So glad they won’t be settling in Maui. Oahu can have these losers.


10 posted on 10/25/2012 10:38:38 AM PDT by Jane Long (Soli Deo Gloria!)
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To: 2ndDivisionVet
A blind trust is used to manage assets without the beneficiary's knowledge. The Romney's assets are in a blind trust. The point is to remove any conflict of interest.

A family trust is used for estate planning and asset protection. You can gift an interest in your family trust to your kids each year, staying under the gift tax exemption, but retain the assets. By appointing a third party the general partner (and making family members limited partners), the general partner controls the trust. This protects the family trust from liability claims, because the general partner simply refuses to pay the claim.

Residences are typically put into a personal residence trust. There are estate-planning reasons for this, but it is frequently used to maintain anonymity for the owner. The property tax rolls say that the trust owns the residence, instead of an actual person.

Whoever is buying this estate can potentially have some gift tax problems if they simply give it to the Obama's. So, I suspect they will instead "rent" it to the Obama's for a nominal fee. If that is the case, I suspect that it will be a simple revocable trust to obscure the grantor of the trust.

13 posted on 10/25/2012 10:42:34 AM PDT by justlurking (tagline removed, as demanded by Admin Moderator)
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To: 2ndDivisionVet

Moose and the gals will live in Hi. Bathhouse Barry is headed for man country baby!


14 posted on 10/25/2012 10:49:49 AM PDT by rawcatslyentist ("Behold, I am against you, O arrogant one," Jeremiah 50:31)
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To: 2ndDivisionVet

Sorry but Oahu is a very small place for such big egos as the obamas ...and shoppers like mooshelle and her grifter mother

I can’t believe they want to raise their girls on Oahu...not exactly a place with a lot of black folk and black culture. Mooch and her mother are not exactly into folks who are not black

Oahu schools for the girls? (Punahou probably)

If they move to Oahu I think they must plan to keep a govt plane at their disposal for frequent jetsetting


16 posted on 10/25/2012 11:35:49 AM PDT by silverleaf (Age Takes a Toll: Please Have Exact Change)
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To: presently no screen name

Thought you might be interested in this.


18 posted on 10/25/2012 11:54:18 AM PDT by Excellence (9/11 was an act of faith.)
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To: 2ndDivisionVet

FANTASTIC ARTICLE!! A MUST READ FOR ALL!
Thank you for posting this Gold Mine! :-)


26 posted on 10/25/2012 1:12:31 PM PDT by True Republican Patriot (May GOD SAVE OUR AMERICA from ALLAH and his Prophet, HUSSEIN OBAMA!!)
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To: 2ndDivisionVet
“Penny stopped combing her hair and she’s coming into the office not brushing her teeth, not washing her face, just not taking care of herself at all.

I'm sure she has a hairdresser and a facial lady at her beck and call. She doesn't need to wash or comb her own hair.

She’s one of the wealthiest women in the country but if you saw her on the street you’d slip her a five to buy her a sandwich because she looks like a homeless person she’s under so much stress

Doubt it, her clothes alone would show she is not homeless. The author stretched his imagination to the limit without a thought to the obvious, IMO.

29 posted on 10/25/2012 1:31:54 PM PDT by presently no screen name
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To: 2ndDivisionVet
Blind trust so he cannot be blamed for only paying 12% in taxes!!!!

Normally I wouldn't give a crap but Obama preaches class warfare against those
who pay the same. FUBO, I HOPE you lose and the door hits you in the ass on the way out.

34 posted on 10/25/2012 3:23:11 PM PDT by MaxMax
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To: 2ndDivisionVet

This is a great article. Man, I could almost develop a fondness for Mama Robinson, at least when she refers to her “punkass son-in-law”.


35 posted on 10/25/2012 3:38:03 PM PDT by Marathoner (If the bastard were to win reelection, let America burn. IDGAF anymore.)
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