Tuesday, February 26, 2008

Welcome To Your "Change" To The Daley-Saddam Machine

And how exactly did the Rezkos afford to buy the adjacent plot? It cost $625,000, and they needed to make a $125,000 down payment on the land. Yet at the time, Tony Rezko had "no income, negative cash flow, no liquid assets, no unencumbered assets [and] is significantly in arrears on many of his obligations" -- according to a sworn court statement a year later. His wife had an income of $37,000 and assets of around $35,000.

How could they qualify for a mortgage on the adjacent plot? Where did they get the money for the down payment? More importantly, why did Auchi lend so much money to Rezko, when Rezko had been in such financial straits? And why was Auchi so interested in Rezko in the first place?

Let's take another look at Auchi:

Auchi's brother was among the many Baathists killed by Saddam, but the execution did not inhibit Auchi's business dealings with Iraq which, he says, didn't stop until the Gulf war of 1991.
There seems to be a lot more to Rezko than just slumlording.
Now we know why Obama opposed the war. Follow the money...