obama house rezko yard

Obama’s home purchase in 2005 with the assistance of convicted felon Tony Rezko

No one can say that Obama wasn’t born under a lucky star. After getting elected to the Illinois State Senate by lawyering his opponents off the ballet, he won the 2005 U.S. Senate primary when sealed divorce records of the leading Democratic candidate Blair Hull were mysteriously leaked to the press showing that his second ex-wife had asked for an order of protection against him during their 1998 divorce proceedings. With his opponent thoroughly hobbled by the revelations, Obama coasted on to the general election where he faced a strong front runner in Republican incumbent Jack Ryan.

Faced with the real possibility of defeat, Obama surrogates petitioned California Judge Robert Schnider to unseal Ryan’s divorce records with the hope of digging up some dirt. Lucky for them the liberally inclined Judge Schnider wasn’t big on keeping the secrets of conservatives. In an almost unheard of decision, he decided against legal precedent and released the records over the objections of Ryan and his wife, Star Trek: Voyager star Jeri Lynn Ryan. The documents revealed that Ryan had taken his wife to sex clubs in Paris, New York and New Orleans on several occasions. The humiliating disclosure caused Ryan to drop out of the race leaving Obama to go up against light weight Alan Keyes whom he easily defeated.

Now a newly minted U.S. Senator, Obama and Michelle felt they needed a home that could properly convey the gravitas of his illustrious position. But there was a problem. The Hyde Park mansion that Michelle had picked out for the family was far more expensive than they could afford. Lucky for them the property was split into 2 parcels: one that contained the house and the other an adjacent side yard. The owner was willing to sell the properties separately, but only if they were purchased at the same time. Since Obama couldn’t afford both, he had to find a sugar daddy to back him or he could kiss his dream home goodbye.

Obama did exactly what one would expect out of a corrupt Chicago politician, he turned to his biggest campaign contributor, Antoin “Tony” Rezko, to purchase the side yard for him. On the same day that Obama closed on the house for $1.65 million, $300,000 less than list price, Rezko’s wife bought the adjacent side yard for the full asking price of $625,000. By helping Obama buy a home that he could not otherwise afford, Rezko clearly “conferred a benefit” on Obama thus fitting the classic definition of bribery.

A year later with the profits of Dreams from My Father starting to roll in, Obama bought a 10 ft. strip of the side yard from Rezko for $104,500. While this added a nice piece of land to Obama’s property, it rendered the remainder of Rezko’s lot too small to be developed and worth only a fraction of his initial investment.

Before going to jail for corruption Rezko’s lawyer bailed him out of the transaction. The attorney bought the lot from him at a profit and it is now listed for over $1 million, which is quite a lot of money for a parcel whose only practical purpose is as a volley ball court. If sold on the open market it is doubtful the property would bring in even half of what Rezko paid for it. To this day the land remains empty and undeveloped.

Rezko’s financing of the deal likely involved bank fraud. An appraiser at the time valued the side yard at $490,860, far less than the $625,000 asking price. And yet somehow Rezko was able to secure a loan from Mutual Bank of Harvey, Illinois for the full amount. After examining the transaction, bank employee Kenneth J. Conner complained that the deal smacked of fraud and he tried to notify the authorities and was subsequently fired for his efforts. In an interview with World Net Daily he said the bank and Rezko were engaged in “fraud, bribes or kickbacks, use whatever term you want,” in order to benefit Obama.

Obama would have us believe these transactions, made with a man who later went to jail for bribery of public officials, were some sort of cosmic coincidence that had nothing to do with Rezko’s purchase of influence in an up and coming politician. Common sense dictates otherwise, especially considering that any other lesser politician would have had their career destroyed for far less an indication of impropriety.

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