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The Unknown IL Politican and Tony Resko........ ( Archived) (10)

Oct 6, 2008 5:34 AM CST The Unknown IL Politican and Tony Resko........
ttom500
ttom500ttom500St. Cloud, Florida USA39 Threads 7 Polls 16,471 Posts
I just finshed reading the State of IL indictment on Tony Resko.
Interesting read.

13 indictments....all guility in the end.

Was Obama mentioned in the indictment? No. But several mentions of
a IL politician and donations to them are. Those I will cover in detail after you get an idea of the indictments.

In IL there is the Teacher's Retirement Service (TRS). TRS manages the IL teacher retirement fund of some $30b. They make investments into various developments/investment firms and such.

In the 2003, there was man by the name of Levine that was on the
TRS board of trustees, the group that controlled the process of application then the actual investments that the TRS would make.

Resko knows Levine. Resko has a development firm called Chicago
Properties Management. At this time, Obama is a sitting IL Senator and practicing attroney in Chicago.

Resko begins to use his influence with Levine in a couple of ways.
One is to seek TRS funds his development firm. But also to refer
investment firms to the TRS for fund placing. Only there is a problem.

Levine term on the board of trustees is coming to an end. Resko goes
to a unnamed politician in Springfield to get an extension of Levine's term. Which occurs.

Some 7 unnamed investments firm are listed in the indicitment. Resko would refer them to Levine who would place them on the board agenda for funding proposla presentations. Assuming either a donation to the unknown politican campaign was made and/or a kickback of the referal fee was made to Resko that would in turnspilt the fee with 50/50 Levine.

One firm was seeking a $220m investment from the TRS. To get the investment, a $1.5m donation was asked to be made to this politican. The firm's process of paperwork gets held up, until the donation is made. Contacting Resko to find out why. The firm is told to make the donation and everything would get straightened out. The firm said that is extortion and refused to pay. The other 6 investment firm seemed to pay, they got TRS investments.

There are several Chicago attorneys mentioned in the indictment as well. None seem to have direct contact to Obama. They were mostly involved with locating the investment firms that Resko would.

There is also a scam on the IL Public Service Retirement service, that did not occur. The TRS scam was uncovered prior to it materialising.

Eventually Resko business are beginning to fail. Resko is Syrian immigrant. So he knows people in the middle east. Including a
Iraqi billionaire. The same that Obama meets later at a house party
of Resko. It is this Iraqi large loan to Resko that comes in via wire, that ends the house of cards for Resko. Got the law enforcement agencies to begin to look at him hard.

Resko also work for 5 years for Muhammed Ali. Muhammed Ali is a supporter of Louis Ferracon. (Wiki source)

Obama's law firm helps Resko get a $43m loan from the Federal Government......for development acquistions.....most likely from either Fannie Mae or Freddie Mac. (This according to Wiki....searching string.....Resko Indictment)

To run for IL Senate, one needs a war chest of less than a $1m.
To run for US Senate, one needs a war chest of $10m to $20+ m

The media cannot go public with this info on the Resko indictments and just speculate to who the unknown IL politician is. If they do, without the names in the in IL indictment, they are open for lawsuit.

The IL indictment of Tony Resko is at:

Is also click thru on the Wiki search string. There is about 4 paragraphs on the Obama/Resko relationship at wiki.
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Oct 6, 2008 9:32 AM CST The Unknown IL Politican and Tony Resko........
ttom500
ttom500ttom500St. Cloud, Florida USA39 Threads 7 Polls 16,471 Posts
About this time...Barak and Michelle were buying a house.
Which we know was connected property to a Resko purchase.
That they got under valued by $300,000.

That $300,000 brought the price of the house down to
and even $1,500,000.

Which just happens to be the exact same amount that Resko is extorting for the unnamed politican from the investment firm.

Barak Obama.....in his disclosure statement for Presidency.....
needs to release his property transactions.

One missing document from that is......the Barak's income flow.....on where the funds for this $1,500,000 house was coming from. In other words, Barak is not telling us where he got the money for it.
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Oct 6, 2008 10:03 AM CST The Unknown IL Politican and Tony Resko........
ttom500: About this time...Barak and Michelle were buying a house.
Which we know was connected property to a Resko purchase.
That they got under valued by $300,000.

That $300,000 brought the price of the house down to
and even $1,500,000.

Which just happens to be the exact same amount that Resko is extorting for the unnamed politican from the investment firm.

Barak Obama.....in his disclosure statement for Presidency.....
needs to release his property transactions.

One missing document from that is......the Barak's income flow.....on where the funds for this $1,500,000 house was coming from. In other words, Barak is not telling us where he got the money for it.
Those Records migh t make for some fascinating reading,but since the Media is Making the President this time,most likely those Documents will be buried somewhere in the Puerto Rico Trench.Deeeeep!frustrated
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Oct 6, 2008 10:37 AM CST The Unknown IL Politican and Tony Resko........
rasgumby
rasgumbyrasgumbyMoberly, Missouri USA133 Threads 13 Polls 6,929 Posts
So much Wiki info, so little time.

rolling on the floor laughing rolling on the floor laughing rolling on the floor laughing

but fiction can be more interesting than facts.

In wiki... I could be a rich prince.
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Oct 6, 2008 10:41 AM CST The Unknown IL Politican and Tony Resko........
Fox News had an interesting story I watched yesterday. All the terrorist & criminal ties of BHO. Unfortunately, the world if full of idealist with closed eyes and minds.

Many stories are out there about both candidates, some true some not. What I know is McCain served this country all his life and spent 6 years in the Hanoi Hilton. These punk kids today have no appreciation of what have given so their sorry a** could grow up to bash those that have suffered great loses for their freedom.
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Oct 6, 2008 11:36 AM CST The Unknown IL Politican and Tony Resko........
ttom500
ttom500ttom500St. Cloud, Florida USA39 Threads 7 Polls 16,471 Posts
Conrad73: Those Records migh t make for some fascinating reading,but since the Media is Making the President this time,most likely those Documents will be buried somewhere in the Puerto Rico Trench.Deeeeep!


Not if I get into the Fannie Mea loans, Conrad.

The Fannie mea failure was the cause of our economic crisis.
It was their bad paper that did it. It does not take a lot of bad paper to get a confidence lose. Just a small percentage will do it. We have had to bail fannie and freddie out 6 times in the past. Each time the same frigin problem.....bad paper. Guys like Franks and Raines, know how much bad paper that the system will take to cause a confidence crisis.

We know that Obama's law firm help Resko get either a Fannie or
Freddie loan of $43m. Resko's group has gone bankrupt and is not paying the mortages. Obama's law firm help to put $43m of bad paper into the system...is part of the reason that Fannie and Freddie failed.

If I dig the databases of fannie and freddie.......I think that I will find more.

We know that the DEM party porked ACORN to $762m. ACORN used the money to pressure the banks into making loans to low income and poor performing mortages that went to the freddies/fannies. We know Obama had three connections to ACORN....as attroney, trainer and fund raiser from the Wood Foundation. His role was a little more than 'a community organizer'. He likely trained the people that pressured the banks to make bad loans. As attroney he likely drafted or reviewed the draft of the ACORN pressure program of the banks.

There has been way to much hurt over the Fannie/Freddie failure.
A $700b dollar bailout that gets DEM porked to $832b. People have lost in the stock market, in mortages, and in credit because of it.

There is enough fair balanced media here.....that if the 'pieces fit' to paraphrase a infamous line from OJ's murder trial of 13 years ago... they will tell the story.

Beginning to feel like Woodward and Burnstein here.:-)
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Oct 6, 2008 11:39 AM CST The Unknown IL Politican and Tony Resko........
ttom500
ttom500ttom500St. Cloud, Florida USA39 Threads 7 Polls 16,471 Posts
So much Wiki info, so little time.

I know Ras.......but we are just getting warmed up on this.
Give it a little time. Then put some holes in it.
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Oct 6, 2008 11:54 AM CST The Unknown IL Politican and Tony Resko........
Don216
Don216Don216Cocoa, Florida USA1 Threads 611 Posts
I just don't understand why all these so called investigative reporters aren't out digging up the facts/history of BHO. It would seem they all have decided to give him a pass.

confused
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Oct 6, 2008 3:47 PM CST The Unknown IL Politican and Tony Resko........
ttom500
ttom500ttom500St. Cloud, Florida USA39 Threads 7 Polls 16,471 Posts
Don216: I just don't understand why all these so called investigative reporters aren't out digging up the facts/history of BHO. It would seem they all have decided to give him a pass.


Actually Don, I think that there is a couple of reasons for it.

One, they are busy with 'gotcha type' questioning. Meaning that connecting dots and getting solid source is not thier function anymore.

Secondly, there is the issue......that if Obama wins this.....and they rocked the Obama boat getting there.....their media is sitting in the back of the press conference and will never have a guestioned answered.

Reading the RESKO indictment is journalism 101 on vetting Obama.
After they knew of the property purchases and the even having Obama say it was a 'mistake'. The question is then, how bad a mistake is it? You can begin to find that answer in the indictment.

Ras. On the wiki quotes in the OP. I have second source on them.
One said Resko's Chicago Property Management co....had 32
Chicago properties. In the RE Chicago market.....that can equal out
to pretty near the $43m loan. I have second source on Obama attending the party with RESKO and the Iraqi billionaire.

The rest....the terms of 'extortion', 'influence peddling', 'using a politician to get Levine term extension', '$1.5m donation to a IL politician'.....that all came from the gov't indictment. Which is also sworn testament in the court case. I wrote a what is called a 'snopsis' of the 65 page indictment to boil it down to post that would fit. Using the 'key words from the indictment' is how a legal snopsis is done.

It doesnot get much more solid that, Ras.

Obama can clear this up. All he has to do is show that missing income flow document on the house. If it checks clean.....I got nowhere to go with this line. But till he does, I am digging it.

But read the 65 pages of indictment and tell me if the snopsis is accurate/honest in your opinion.
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Oct 6, 2008 4:04 PM CST The Unknown IL Politican and Tony Resko........
Don216
Don216Don216Cocoa, Florida USA1 Threads 611 Posts
It will accomplish nothing for little old me to read some 65 pages of legal crap. My eyes glaze over reading some of the posts on this site. I just remember that reporters, at one time, seemed to be much more interested in digging up and publishing the facts. BHO, as I have stated before, has been given a pass.
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