Obama - Rezko

For those poor saps still laboring under the delusion that Obama somehow profitted from a land deal he did with Tony Rezko, the facts are startlingly banal.

It appears that Obama bought his home for $300,000.00 less than the original asking price, his agent and the owners agent negotiated the deal, they wanted a quick sale and, although they had received another offer the Obama's offer was accepted. The price was the same as the owners had originally paid for the property.

Rezko purchased the adjacent vacant property the same day, this property had been part of the original parcel but the owner had subdivided and insisted on closing the two deals on the same day.

Obama later purchased a strip of the adjacent property - owned by Rezko - and may have overpaid for that parcel of land but not by much.

In the linked interview Obama rues the appearance of impropriety of that land purchase but the purchase of his own home is beyond reproach, it had little or nothing to do with Rezko.

The whole thing is probably indicative only of a thousand or so such deals transacted everyday in America.

What a scandal!