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March 08, 2008
The Rezko-Obama Payoff: The Property
I had thought Rezko merely sold Obama a strip of an adjoining lot at a cheap price.
Not at all. Rezko bought the entirety of the adjoining lot to allow Obama to have it free -- or, let us say, not free but no money changed hands -- and Obama simply bought a piece of it to disguise the sham nature of the deal. As MyDD points out (four words I have never written in succession before), it's clear from the pictures that the whole of "Rezko's adjacent lot" was indeed simply given to Obama, in all but title, and meant for Barack and Michelle's use.
That lot's worth over $600,000. Given to Obama -- everything except the legal title at least -- for nothing.
Or, again: for no cash, anyway.
Check it out, and watch the Lisa Myers piece on it.
Thankd to David.