After this, can we now shut up about Obama and Rezko?? CP-14

VegasGuy

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Obama's Rezko narrative

March 16, 2008

U.S. Sen. Barack Obama waited 16 months to attempt the exorcism. But when he finally sat down with the Tribune editorial board Friday, Obama offered a lengthy and, to us, plausible explanation for the presence of now-indicted businessman Tony Rezko in his personal and political lives.

The most remarkable facet of Obama's 92-minute discussion was that, at the outset, he pledged to answer every question the three dozen Tribune journalists crammed into the room would put to him. And he did.

Along the way he confronted the starkest innuendo that has dogged him and his campaign for the presidency: the suggestion that the purchase of an adjacent lot by Rezko's wife subtly subsidized the Obamas' purchase of their home on Chicago's South Side. "This notion that somehow I got a discount and Rezko overpaid is simply not true . . . simply, factually, incorrect," Obama said Friday, adding that he didn't need any intervention from Rezko to grease the purchase of the house.

Having said that, Obama also admitted, "You can back up and say the red light should have gone off."

No argument here. The red light would have warned Obama that Rezko might want to own property adjoining his in order to tighten their relationship—or that Rezko might be prepping to ask Obama for a favor at some later date. Instead, Obama now acknowledges that he was drawing too close to a campaign contributor and political player whose name was cropping up in articles about the Illinois culture of political sleaze.

•••

Obama said he hadn't suspected Rezko of wrongdoing, or of scheming to exploit their friendship: They were friends who occasionally socialized; Rezko had been a loyal supporter; and, Obama says, Rezko had never asked him for anything in the many years they'd known one another. Rezko always had been above board with him, Obama explained, so "my instinct was to believe him" when Rezko said the talk of illicit dealings on his part was untrue.

For those who follow news about Obama's Rezko connection in granular detail: Obama said Friday that his "smaller lapse of judgment" was inviting Rezko to help him evaluate the house before he purchased it. Obama insists, though, that the Rezkos' simultaneous purchase of the abutting lot was entirely independent of his house purchase—not a choreography of transactions, but a blur of dealings among the sellers' and buyers' real estate brokers and attorneys.

Obama's "bigger lapse of judgment," he said, came later when he bought a strip of the Rezko lot to expand his own yard. That embroiled the two men in negotiations over fencing and other issues at a time when Rezko was under increasing suspicion. That involvement with Rezko in the land deal, Obama said Friday, was the "boneheaded move" to which he's previously confessed. "In retrospect," he said Friday, "this was an error."

To be precise about that: Obama contends that all of his Rezko-related transactions were lawful and above reproach, but he didn't keep a prudent distance from Rezko.

•••

So what really happened Friday when Obama detailed his Obama connection? And will his attempt to exorcise Rezko keep U.S. Sen. Hillary Clinton's campaign from exploiting that connection?

Obama fleshed out his relationship with Rezko—including the disclosure that Rezko raised as much as $250,000 for the first three offices Obama sought. But Obama's explanation was less a font of new data or an act of contrition than the addition of nuance and motive to a long-mysterious relationship.

We fully expect the Clinton campaign, given its current desperation, to do whatever it must in order to keep the Rezko tin can tied to Obama's bumper.

When we endorsed Obama for the Democratic presidential nomination Jan. 27, we said we had formed our opinions of him during 12 years of scrutiny. We concluded that the professional judgment and personal decency with which he has managed himself and his ambition distinguish him.

Nothing Obama said in our editorial board room Friday diminishes that verdict.


We said in that same editorial that Obama had been too self-exculpatory in explaining away his ties to Tony Rezko. And we've been saying since Nov. 3, 2006—shortly after the Tribune broke the story of Obama's house purchase—that Obama needed to fully explain his Rezko connection. He also needed to realize how susceptible he had been to someone who wanted a piece of him—and how his skill at recognizing that covetousness needed to rise to the same stature as his popular appeal.

Friday's session evidently fulfills both obligations. Might we all be surprised by some future disclosure? Obama's critics have waited 16 months for some new and cataclysmic Rezko moment to implicate and doom Obama. It hasn't happened.

Obama said Friday that voters who don't know what to make of his Rezko connection should, in the wake of his discussion with the Tribune, "see somebody who is not engaged in any wrongdoing . . . and who they can trust." Yes, he said, he comes from Chicago. But he has risen in this corrupt Illinois environment without getting entangled in it.

Obama tries to live by "high ethical standards," he said. Although "that doesn't excuse the mistake I made here."

Obama should have had Friday's discussion 16 months ago. Asked why he didn't, he spoke of learning, uncomfortably, what it's like to live in a fishbowl. That made him perhaps too eager to protect personal information—too eager to "control the narrative."

Less protection, less control, would have meant less hassle for his campaign. That said, Barack Obama now has spoken about his ties to Tony Rezko in uncommon detail. That's a standard for candor by which other presidential candidates facing serious inquiries now can be judged.


http://www.chicagotribune.com/news/opinion/chi-0316edit1mar16,0,2616801.story

-VG
 
I don't think it wise to shut up about Obama and Rezko. Obama has to prove he can take the heat, he can be vexed. Bush is dealing with two wars, a failing economy, Obama should prove he is ready to lead the U.S.. If he can't deal with the minisule problems combatants throw at him maybe he should market those dance skills he displayed on the Ellen Show and leave leading the greatest nation in history to competent and experienced statesmen.
 
<font face="arial black" size="5" color="#d90000">
The "REZKO" Game</font><font face="arial unicode ms, verdana" size="3" color="#000000">

<b>by Glenn Greenwald

March 5th 2008</b>

http://www.salon.com/opinion/greenwald/2008/03/05/rezko/index.html

Throughout the 1990s, the word "Whitewater" was the weapon used continuously by the Limbaugh Right and the establishment press to cast innuendo on the Clintons' financial lives. The word was just tossed around as slippery shorthand for corrupt dealings. It never had any substance. No specific allegations of wrongdoing were ever made about the original "Whitewater" transactions by those throwing the term around. And after $73 million was spent on an endless investigation, <a href="http://dir.salon.com/story/news/col/cona/2002/03/22/whitewater/">no wrongdoing on the part of the Clintons was found</a>.
<br>One could read literally thousands of news accounts about the "Whitewater scandal" and never encounter a single, specific charge of impropriety. The word simply stood for a series of confusing, complex, boring financial transactions that were combined with dark and vague innuendo which, repeated enough, led to a "where-there's-smoke- there's-fire" presumption of guilt. Slothful journalists could not get enough of the tactic because tossing "Whitewater" around required no real work, active investigation or critical thought -- the mortal enemies of most establishment reporters -- but instead was just a cheap and easy way to imply that they were pursuing some sort of scandal. <br>
"Rezko" is the Whitewater of the Obama campaign. It's almost impossible now to find an article or news account about Obama that doesn't include some dark reference to the "Rezko" affair, always with the suggestion or even overt claim that it's reflective of some serious vulnerability, some suggestion of wrongdoing and corruption. But what is it? The reporters throwing the word around quite plainly have no idea. <br>
Having paid only casual attention to it in the past, I spent several hours yesterday morning reading every "Rezko" article I could find in an attempt to understand as much as possible about the allegations. The point isn't that there is no credible evidence of any wrongdoing on the part of Obama, although that's unquestionably true. It's far beyond that. There aren't even any theoretical allegations or suggestions as to what he might have done wrong at all. The person who is accused of wrongdoing is Tony Rezko, in matters inarguably having nothing to do with Obama. Nobody claims otherwise (although many try to imply otherwise). <br>
The only substantive connections Obama and Rezko have is that the latter was a contributor to Obama's campaign and was a partner in a standard residential real-estate purchase which nobody suggests, at least in terms of Obama's conduct, was anything but above-board. But Rezko himself has a sinister-sounding, villain-like last name and is of Syrian origin, which, for multiple reasons, helps build the shallow media drama. <br>
But Obama isn't even accused of -- let alone proven to have engaged in -- any wrongdoing at all. I spent many years litigating all sorts of civil cases involving financial transactions like these. Few things are easier than concocting some nefarious angle to innocuous real estate transactions, yet they can't even do that here. Despite that, the "Rezko" innuendo lurks and grows and clearly isn't going anywhere. <br>
Yesterday, Digby -- citing a post she wrote more than a year ago on this specialized GOP template for manufacturing media scandals out of pedestrian though boring financial transactions -- <a target="_blank" href="http://digbysblog.blogspot.com/2008/03/scandal-media-101-by-digby-over-year.html">described exactly how this process works</a>:<blockquote>Over a year ago I took one of my periodic trips down memory lane and roughly outlines the press treatment of the Whitewater story. At the time, the Rezko story was just starting to bubble up out of Chicago, and I explained how these stories are used to degrade the reputations of Democrats . . . . <blockquote>These are patented Whitewater-style "smell test" stories. They are based on complicated details that make the casual reader's eyes glaze over and about which the subject has to issue long confusing explanations in return. They feature colorful and unsavory political characters in some way. They often happened in the past and they tend to be written in such a way as to say that even if they aren't illegal they "look bad" . . . <br>
No single story will bring down a candidate because they have no substance to them. It's the combined effect they are looking for to build a sense overall sleaziness. "Where there's smoke there's fire" right?</blockquote></blockquote>Once the original transaction gets solidified in Media World as representing something dark and bad, then it's no longer necessary to bother with anything specific. Tossing around the innuendo becomes the only thing necessary to continue to fuel it. Here's a <a target="_blank" href="http://abcnews.go.com/Blotter/story?id=4111483">classic and quite common example</a> of this genre. As Digby wrote:<blockquote>These stories are very difficult to control once they get going. The MSM gasbags start "analyzing" the whole thing in terms of whether the subject of the inquiry is being forthcoming or if he's "stonewalling" and it snowballs into armchair psychology and novelistic character studies. From what I gather of the Rezko matter so far, we can probably expect this to have the same trajectory. The press conference yesterday was deja vu all over again.</blockquote>Early in George Bush's term, it was revealed that one of his closest and most loyal supporters, Enron's Ken Lay, committed one of the most massive frauds in American corporate history. The President's own brother, Neil, has <a target="_blank" href="http://www.washingtonpost.com/ac2/wp-dyn/A35297-2003Dec27?language=printer">been involved in numerous accusations of serious impropriety</a> and yet continues to be paid by multiple sources for virtually nothing other than being George Bush's brother. The central cog for the GOP fundraising machine, Jack Abramoff, is now imprisoned as a serial felon. Led by his involvement in the Keating Five scandal, John McCain has been linked to some of the sleaziest figures around. <br>
Yet somehow, the standard in those cases is that, in the absence of specific allegations of wrongdoing on the part of the political official, merely being linked -- even intimately -- to thieves and felons won't be held against the political official. By rather stark contrast, the multiple former Clinton associates who were convicted of wrongdoing -- the McDougals and Webster Hubbell -- were constantly used to imply that the Clintons themselves had done something corrupt, and now, Tony Rekzo's conduct is being sloppily and dishonestly cast onto Barack Obama without the slightest attempt to actually make the case that Obama has done anything even arguably wrong at all. <br>
One very simple and self-evidently warranted rule ought to be applied: no reporter should toss around "Rezko" innuendo unless they're able to explain what it means specifically when assessing Obama's conduct, what specific allegations of any substance are being made against Obama when the scary specter of "Rezko" is invoked. If they're incapable of articulating even those basics -- and they are -- then the whole exercise is just deceitful and worthless. <br>
It's precisely the empty nature of the "scandal" that makes it impossible to resolve. The more he addresses it, the more he fuels it; conversely, the more he refuses to address it, the more he will be accused of "stonewalling" and not being forthcoming. It's just illusory innuendo that, by design, can never be satisfactorily addressed because nobody can ever apprehend what the substance of the "scandal" is. Substance-free scandal is the only kind that attracts the intense attention of the media hordes.<br><br><b><u>UPDATE</u></b>: <a target="_blank" href="http://www.politico.com/news/stories/0308/8855.html">Here's the headline</a> from an article today by <i>The Politico</i>'s Kenneth Vogel, complaining that the Rezko trial isn't getting enough media attention:<br><br><a target="_blank" onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://bp3.blogger.com/_MnYI3_FRbbQ/R87xhKpfl8I/AAAAAAAAAkU/iHJuubvLHic/s1600-h/politico.bmp"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer;" src="http://bp3.blogger.com/_MnYI3_FRbbQ/R87xhKpfl8I/AAAAAAAAAkU/iHJuubvLHic/s320/politico.bmp" alt="" id="BLOGGER_PHOTO_ID_5174338573991647170" border="0"></a><br>And <a target="_blank" href="http://abcnews.go.com/Blotter/story?id=4392835&amp;page=1">here's the headline</a> from a similar article today from <i>ABC News</i>' Brian Ross:<br><br><a target="_blank" onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://bp2.blogger.com/_MnYI3_FRbbQ/R87yG6pfl9I/AAAAAAAAAkc/u8GhWIiF4zY/s1600-h/abc.bmp"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer;" src="http://bp2.blogger.com/_MnYI3_FRbbQ/R87yG6pfl9I/AAAAAAAAAkc/u8GhWIiF4zY/s320/abc.bmp" alt="" id="BLOGGER_PHOTO_ID_5174339222531708882" border="0"></a><br>Can anyone find even a single fact in either of these long, breathless pieces reflective of possible wrongdoing of any kind on Obama's part? Shouldn't such facts be a bare pre-requisite for trying to build something like this up into some sort of scandal?</font><br>
<hr noshade color="blue" size="10"></br><p>
 
You make a good point Muck. Seems the standard is for everybody to have some kind of "gate". Jury is still out on if it's gonna be Rezko-gate or Preacher-Gate.

@Nittie

Good point as well.

-VG
 
Can anyone find even a single fact in either of these long, breathless pieces reflective of possible wrongdoing of any kind on Obama's part? Shouldn't such facts be a bare pre-requisite for trying to build something like this up into some sort of scandal?

Whether anyone can dig up evidence of a Obama scandal is not the issue. The question is can he deflect these acusations and stay on message. Can he lead. Is he strong enough to be President of the United States of America the greatest country in history. If he can't pass that litmus test he should go back to Chicago and do something about gentrificiation displacing Blacks in that city. Leave this country in the hands of competent politicians.
 
Whether anyone can dig up evidence of a Obama scandal is not the issue. The question is can he deflect these acusations and stay on message. Can he lead. Is he strong enough to be President of the United States of America the greatest country in history. If he can't pass that litmus test he should go back to Chicago and do something about gentrificiation displacing Blacks in that city. Leave this country in the hands of competent politicians.

:confused::lol::lol::lol:
 
<font face="arial black" color="#d90000" size="6">
The conservative Chicago Tribune
on Obama and Rezko</font><font face="arial unicode ms, verdana" size="3" color="#000000">

Sun Mar 16, 2008 at 10:08:13 AM PDT

http://dailykos.com/storyonly/2008/3/16/11535/6707/228/477764

<p>On Friday, Obama met with the editorial boards and reporters at both the Chicago Sun-Times and Chicago Tribune, promising to answer any and all questions about the Tony Rezko matter. He did, and gave a more extensive accounting of the relationship than before.
<br>The Clinton campaign tried to <a href="http://www.chicagotribune.com/news/nationworld/chi-obama_mar16,0,6399743.story">curry some political gain</a> from Obama's transparency:

<blockquote>
"The revelations in today's newspapers make it clear that Sen. Obama has not always been as straightforward" as he has suggested, Clinton spokesman Phil Singer said.

</blockquote>
There hasn't been a definitive response from the liberal Sun-Times' editorial board, but the conservative Tribune's board has arrived at <a href="http://www.chicagotribune.com/news/opinion/chi-0316edit1mar16,0,2616801.story">its conclusion</a>:

<blockquote>
We fully expect the Clinton campaign, given its current desperation, to do whatever it must in order to keep the Rezko tin can tied to Obama's bumper.
<br>When we endorsed Obama for the Democratic presidential nomination Jan. 27, we said we had formed our opinions of him during 12 years of scrutiny. We concluded that the professional judgment and personal decency with which he has managed himself and his ambition distinguish him.
<br>Nothing Obama said in our editorial board room Friday diminishes that verdict.
</blockquote>
<br><span style="background-color: #FFFF00"><b>The Chicago Tribune has never endorsed a Democrat for president in its history. Its editorial board had every partisan reason to try and further damage Obama on the issue. Instead, it has essentially exonerated him.</b></span> I wouldn't be surprised to see the Sun-Times follow suit in the next couple of days, but that would be expected. The Chicago Tribune doing so is startling.
<br>And for those keeping score of the Clinton and Obama campaign's shadiest donors, the Tribune's blog has a <a href="http://www.swamppolitics.com/news/politics/blog/2008/03/tale_of_the_tape_hsu_and_rezko.html">scorecard</a>:
<div class="indent"><tt><strong>
</strong></tt><p><tt><strong> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Norman Hsu &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Tony Rezko
<br>Job</strong> &nbsp; &nbsp; &nbsp; &nbsp;Apparel Sales &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Developer</tt>
<br><tt><strong>Real Job</strong> &nbsp; Mover, shaker &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Fixer</tt>
<br><tt><strong>Donations</strong> &nbsp;$850,000 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; $250,000 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</tt>
<br><tt> &nbsp; &nbsp;&nbsp; &nbsp; Fugitive in 1992 &nbsp; &nbsp; &nbsp; Alleged &nbsp;
<br> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;fraud case &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; pay-to-player who
<br> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; extorted cash for
<br> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; access</tt>
<br><tt><strong>Status</strong> &nbsp; &nbsp; In jail facing &nbsp; &nbsp; &nbsp; &nbsp; on trial
<br> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;federal charges after
<br> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;being caught fleeing
<br> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;on Amtrak train
<br></tt></p></div>
<br>Ultimately, there's nothing here because no one proved that Clinton did any reciprocal favors for Hsu, and no one has proved (or even suggested, really) that Obama did any reciprocal favors for Rezko. They both had unsavory characters raise money for them. Big fucking deal. You don't raise millions for political campaigns without coming into inadvertent contact with this species of human.
<br>So like Whitewater, this is a nothing story, a minor "scandal" that political enemies are trying desperately to spin into something bigger. You'd think the Clinton campaign and its supporters would be a little more careful about this sort of thing, especially after Hsu, but they've got little else to work with.
<br>So there's this and Wright, and that's pretty much all that's apparently left in Clinton's quiver.
<br>The short-term gain appears <a href="http://rasmussenreports.com/public_content/politics/election_20082/daily_presidential_tracking_polling_history">measurable</a> -- Rasmussen had Obama up 50-42 on Friday, down net seven points on Saturday 46-45. But on Sunday, Obama was starting to inch back up, 47-44, and we'll know in the next few days if there's continued measurable impact, or just a brief statistical blip.
<br><span style="background-color: #FFFF00"><b>These two "scandals" will likely end up being two of the three big pillars of the GOP attack on Obama this fall (the other being "experience"). Wright will be used to remind voters that Obama is black and hates America like the Muslims who share his middle name, while Rezko will be used to paint Obama as a typical politician. (The other line of attack will be the "experience" stuff). Obama's handling of this stuff serves several key purposes -- it's warmup for the general election, it allows him to deal with this stuff early enough in the process that it'll be long forgotten to all but the hardest core partisans in just a few short months, and also proves to the super delegates that he's got the chops to deal with these sorts of attacks -- not just the bullshit swiftboat ones, but the ones that have some merit as well.</b></span>
<br>Meanwhile, in Iowa Saturday, Clinton <em>lost</em> a delegate while Obama picked up <em>nine</em> of them in the state's county conventions. In Oregon, the state AFSCME broke with the national organization (which endorsed Clinton) and <a href="http://www.blueoregon.com/2008/03/breaking-oregon.html">endorsed Obama</a> for its primary. The party's activists continue to move in large numbers toward Obama while Nancy Pelosi has essentially <a href="http://ap.google.com/article/ALeqM5jbmaeGHPflyoZifK0IsXS9tCsWvwD8VE3FU00">cast her lot with Obama</a>. Clinton supporters are increasingly paranoid as the walls close in on their candidate's campaign, but it's essentially over. They may rail against Pelosi, or the media, or Howard Dean, or Keith Olbermann, or Daily Kos, or whatever and whoever. But what they are seeing is a consolidation of the party around the primary's winner, and that is already Barack Obama whether the Clinton campaign and her shrinking number of supporters wants to acknowledge it or not.<br></br>

</font>

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</IFRAME>
 
source: Yahoo News

Prosecutors move to delay Rezko sentencing

By MIKE ROBINSON (Associated Press Writer)
From Associated Press
October 07, 2008 5:14 AM EDT

CHICAGO - Federal prosecutors moved Monday to delay indefinitely the sentencing of convicted fundraiser Antoin "Tony" Rezko, sending their strongest hint yet that he is ready to spill his political secrets.

The filing asks for a postponement while prosecutors and defense attorneys "engage in discussions that could affect their sentencing postures."

Speculation has simmered for weeks that the key fundraiser for Gov. Rod Blagojevich and Sen. Barack Obama was whispering what he knows about corruption in Illinois government to federal prosecutors in hopes of getting a lighter sentence.

Rezko raised more than $1 million for Blagojevich's campaign fund and was one of the governor's key advisers. He was frequently by the governor's side in the early days of his administration and could be in a position to shed considerable light on federal investigations into patronage hiring and a host of other issues involving Blagojevich.

The governor has not been charged with wrongdoing. A spokesman did not immediately respond to an e-mail message after business hours seeking comment.

U.S. District Judge Amy J. St. Eve had set Sept. 3 as a firm date for sentencing Rezko on his conviction for launching a $7 million scheme to use his clout with the Blagojevich administration to squeeze kickbacks out of a contractor and seven money management firms wanting to do business with the state. Then she postponed the sentencing date to Oct. 28.

Federal prosecutors filed a three-paragraph brief late Monday asking for that date to be stricken and the sentencing postponed indefinitely. The wording left little doubt that Rezko offered enough to make the government consider some sort of sentencing break.

Federal spokesman Randall Samborn declined to comment on the latest development. Defense attorneys Joseph Duffy and William Ziegelmueller did not immediately respond to office voicemails left late Monday.

Two attorneys familiar with the investigation, speaking only on condition of anonymity because grand jury matters are secret, said last week that federal prosecutors were contacting the lawyers of a number of campaign contributors and others with information that only Rezko could have given them. One of the lawyers said it was plain the prosecutors were laying the groundwork for questioning Rezko further.

One of the matters that prosecutors have been interested in learning is who paid for the renovation of Blagojevich's Chicago home. Rezko's now defunct Chicago Construction Services was the contractor on the project. One person familiar with the renovation contacted Monday afternoon, speaking only on condition of anonymity because of grand jury secrecy, said he was subpoenaed by federal prosecutors and asked about the project.

"They were looking for basic business dealings, who paid, how much, that sort of thing," he said. He said the governor's wife, Patti, paid the bill.

At Rezko's trial in May, former state employee Ali Ata, who got his job as head of the Illinois Finance Authority from Blagojevich through Rezko, testified as the government's surprise witness that he had to provide $25,000 to Rezko to pay contractors who were threatening to put a lien on the house if the bill was not paid. Ata earlier pleaded guilty to tax fraud and lying to the FBI about how Rezko got him his job.

Besides bankrolling a large portion of Blagojevich's campaign, Rezko raised substantial funds for Obama's past campaigns in Illinois - although none for his current presidential run.

Obama's campaign says it has sent to charity $159,000 traceable to Rezko's past fundraising.

While Blagojevich was frequently mentioned at Rezko's trial, the testimony rarely touched on Obama, who has been accused of no wrongdoing.

Unmentioned at the trial was a purchase by Rezko's wife, Rita, of property adjacent to the Obama home near the University of Chicago on the city's South Side. Obama and his wife, Michelle, purchased their home the same day that Rezko's wife closed on her property. And she later sold some of her property to the Obamas to enlarge their lot. Obama later said that allowing Rezko to do what appeared to be a favor was a "bonehead" move.

Rezko was convicted in June of mail fraud, wire fraud, attempted extortion and money laundering. Several of the charges carry 20-year maximum sentences and while Rezko would not be expected to served that much time for a first offense he is still looking at the possibility of years in federal prison. A deal with prosecutors could reduce his time considerably.

Moreover, Rezko faces the prospect of a second trial early next year on federal charges of swindling the General Electrical Capital Corp. out of $10 million in the sale of a group of pizza restaurants.

And beyond that, by his own account his is running out of money and an arrest warrant has been issued in Las Vegas accusing him of failing to pay hundreds of thousands of dollars in casino bills.
 
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