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Chicago Politics: Fitzgerald Takes Another Breather Before Sentencing Rezko

CitizenWells reports this evening that Patrick Fitzgerald has once again delayed sentencing Tony Rezko:

The Chicago Tribune, in an article dated December 16, 2008, has revealed that the sentencing of Tony rezko has been delayed again. Apparently Rezko has been talking and revealing corruption links to Blagovich and other lawmakers. Obama’s name was mentioned during the Rezko trial and Patrick Fitzgerald has recently been investigating a real estate deal between Rezko and Obama [link at Wells’ site].

WorldNetDaily reported yesterday that Mr. Fitzgerald has renewed interest in a Rezko-Obama land deal…

Kenneth J. Conner told WND he was interviewed by investigators from Fitzgerald’s office regarding the purchase of the Obama mansion and the adjacent vacant lot that Rezko’s wife, Rita, purchased simultaneously. As WND reported last week, Connor filed a civil complaint in October with the Illinois Circuit Court in Cook County alleging he was fired by Mutual Bank of Harvey, Ill., because he objected to land appraisals submitted on behalf of the Rezkos and the Obamas, with the complicity of the bank. …

He explained: “If in fact the entire deal was a payoff from Tony Rezko to Barack Obama, a payoff or kickback, use whatever word you like, then for the deal to work, what had to happen was that Rezko had to over-pay for the vacant lot by as much as possible, or by the desired amount of the payoff, in any event.” …

Connor claims his analysis, as well as an independent appraisal by Howard B. Richter, a member of the Appraisal Institute valued the entire 9090 square foot parcel at $54 or $490,860, establishing the $125,000 difference between the appraisal the Rezkos and the bank used and the appraisal Connor considered “fair market value.” …

The list price for the home was $1.95 million, outside the reach of the Obama family, until Rezko came up with the idea that his wife would simultaneously purchase the vacant lot portion of the project.

The deal concluded with the Obamas buying the house for $1.65 million, at a discount of $300,000 from the initial asking price, while Rezko’s wife closed on the vacant lot on the same day for the full asking price of $625,000, of which she borrowed $500,000, the a maximum allowable 80 percent from Mutual Bank.

Connor alleges his appraisal was removed from the Mutual Bank file and he was fired from the bank “under pretextual reasons” after complaining about what he considered the problems with the appraisals used by the Rezkos and the bank to complete the Obama dream property transaction.

How much do you want to bet that Tony’s talking? Fitzgerald has some really heady stuff here that’s already taking down a Governor. The ultimate question remains: When will it stop?

What did President-elect Barack Hussein Obama know and when did he know it?

-Phil

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