@okie,
okie wrote:
Joe, anyone that apologizes for a politician's missteps is an apologist for them.
I suppose I should consider that to be an authoritative definition, coming as it does from a confirmed Bush apologist.
okie wrote:The land deal, as I have researched it, I hope I have the basics right, apparently Rezko's wife and Obama bought land and the house, respectively, from a landowner on the very same day, indicating a bundled pair of purchases represented to the seller of the property.
You're wrong. The
bids didn't come in on the same day, and the two transactions were handled completely separately. The bid on the side lot (which Rezko later purchased) actually was made by another developer before Obama made his bid. The two lots simply
closed on the same day. Nothing ominous about that: no doubt the sellers just wanted to take care of everything on the same day, rather than make two trips.
Are you
that dumb? If the appraisal was crooked, that only suggests that Rezko was trying to defraud the
bank into lending more on the property than it was worth. How could an inflated appraisal by the buyer have any effect on the sale (except to screw himself)?
In any event, Rezko paid $625,000 for the side lot, which was the asking price.
As for Obama paying less than the asking price: why wouldn't he? The sellers listed the house for $1.95 million. Obama paid $1.65 million, which was $150,000 more than his initial offer on the property. Two parties to a transaction agree to a price in the middle: where's the scandal?
okie wrote:So while the adjacent land was being purchased for over price,
False
okie wrote:based upon a corrupted appraisal process, apparently a phony appraisal,
Idiotic
okie wrote:Obama purchased the house for 300,000 less than asking price, thus the owner received 300,000 less than total asked for both land and house,
Christ! Even your math is fucked up. You said that Rezko paid more than the asking price for the side lot, while Obama paid $300k less than the asking price, so the owner couldn't have received $300k less than the total asked for both properties.
okie wrote:indicating the Rezkos helped the Obama's purchase their house at a reduced price by virtue of overpaying for the land, part of which was later sold to the Obama's to add to their property.
It indicates no such thing.
okie wrote:Now, as an apologist for Obama, you will undoubtedly recognize nothing haywire about this land deal that was engineered by Obama and his friend and political financier, now convicted felon, but I think as a Chicagoan familiar with Chicago politics, you should not be that naive, Joe.
Oh, there's a lot that's haywire about the deal that you describe. That deal, however, has no resemblance to what actually happened -- and very little connection to reality in general.
For more information:
http://www.talkingpointsmemo.com/rezkotimeline.php
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