Saturday, October 11, 2008

Rezko to Give Up Obama to Feds in RICO Investigation

Barack Obama is going down with Tony Rezco sooner than later, so says the Chicago Sun Times. Rezko is reportedly about to turn State's Evidence against Illinois State Treasurer Alexi Giannoulias. If not for the strong endorsement of Obama, Giannoulias would not have been elected Treasurer.

Obama endorsed Alexi Giannoulias after getting favorable real estate deals through Tony Rezco. The financing for the Obama real estate purchases came from the Broadway Bank which is owned by the Giannoulias family. The politically connected family has had political and business dealings in Chicago. The rumors are that the Giannoulias family has ties to organized crime:
Alexi Giannoulias, who became Illinois state treasurer last year after Obama vouched for him, has pledged to raise $100,000 for the senator's Oval Office bid.

Before he promised to raise funds for Obama, Giannoulias bankrolled Michael "Jaws" Giorango, a Chicagoan twice convicted of bookmaking and promoting prostitution.

Giannoulias is so tainted by reputed mob links that several top Illinois Dems, including the state's speaker of the House and party chairman, refused to endorse him even after he won the Democratic nomination with Obama's help.

Hillbuzz, a blog of Hillary Clinton supporters, brings the clues together -

Here’s where all the clues are…and then we’ll walk you through the local Chicago politics on how today’s hint by the Sun Times has us convinced, for the first time ever, that prosecutor Patrick Fitzgerald could indeed send Barack Obama to jail.

We need to repeat that: we never believed, until now, that Obama would go to jail for anything related to Rezko. Today, this breaking news about what Rezko is singing to the Feds about makes us reconsider all of that.

Barack Obama will serve a prison sentence in the next few years — because knowing Fitzgerald, there is no reason he would be going through all of this if that was not the targeted goal in the long term.

(1) Michael Sneed in her
Sun Times column 10/10/08 had the following tidbit:

Sneed hears rumbles political fund-raiser/fixer Tony Rezko, who is now singing sweetly to the feds from his cell at the Metropolitan Correctional Center, has been talking about his “dealings” with a Chicago bank, which has political connections.
(2) We just spoke with someone well-connected in Chicago politics who told us that the bank Sneed is talking about has to be Broadway Bank, which is owned by the politically-connected Giannoulias family. We were told that Sneed’s column confirms rumblings people we know heard independently that Tony Rezko is giving up the Giannoulias family to Patrick Fitzgerald — Rezko and the Giannoulias family are as close and tied together as anyone in Chicago could be. If Rezko is turning on them, then Rezko is going to give up Governor Rod Blagojevich and Obama too.

We don’t want to end up in cement shoes for implying anything here, but if you live in Chicago for any length of time, you hear rumors about Broadway Bank, the Giannoulias family, and insert Tony Soprano references here. Kapeech?

(3) So, Rezko is singing about the Giannoulias family and its longtime “business dealings” in Chicago, which would interest someone like Fitzgerald and the Justice Department, who have had a long ambition to crack Soprano-style business dealings in Chicago (the city known for Al Capone hasn’t changed much, really). The next plate to drop in this will be Fitzgerald then leaning on the Giannoulias family to give up someone bigger than them, who Fitzgerald once discussed in terms of hoping “he has the morals to do the right thing”, to paraphrase. We now believe that person Fitz was talking about is Barack Obama.

(4) The Giannoulias family was involved with Obama as far back as his first state senate campaign in 1996. It has been long rumored here in Chicago that Obama obtained a sweetheart deal on his first town home here in Chicago — which he could not have afforded otherwise — and guess who the financing came from for that house? We’ve been told it was Broadway Bank, the Giannoulias bank. Now, this sets up a scenario where the Giannoulias family helps Obama with his campaign finances and gets him deeper in their pocket with his sweetheart mortgage deal (for the first home he owned that he could not afford) – all in exchange for quid pro quo to be determined later.

(5) One favor political Chicago claims Obama did for the Giannoulias family was in 2006 when, out of the blue, 29 year old Alexi Giannoulias, with no experience, and without ever having voted before, decides to run for State Treasurer of Illinois. Also out of the blue, Barack Obama endorses Alexi Giannoulias for State Treasurer. This was a SHOCK to everyone in Chicago — and Giannoulias would have never become State Treasurer without Obama’s help. In political circles here, it has always been believed that this endorsement was bought years ago with that sweetheart mortgage deal Broadway Bank arranged for Obama to buy his town house.

(6) So, the Tony Rezko sweetheart deal was not the first magic home loan Obama ever received to buy a house he could not afford.

There’s more to this that looks like it will break soon. We were STUNNED when we read Sneed’s column because we never in a million years believed Fitz would actually be able to take down Obama.

We do not believe this will come out before the election, however, but we do believe Fitzgerald will continue his prosecution to the highest level, because that is what he does. Jean Valjean got off easy, compared to what it’s like to be in the crosshairs of perhaps the greatest prosecutor this nation has had in a generation. Patrick Fitzgerald is a force of nature.
If this comes out after the election and Barack Obama has been elected President, there is the possibility we will have a Joe Biden presidency. I hope it's worth the bother.

(h/t: Atlas Shrugs)

The life of Indigo Red is full of adventure. Tune in next time for the Further Adventures of Indigo Red.


Anonymous said...

Indi, believe it or not a Biden presidency would be far more preferable. He is a bumbling idiot but I believe Obama if just plain evil. Don

Indigo Rose said...

It was odd the other night to watch McCain stand up for Obama. He was at one of those town hall meetings and people were making comments about how they fear the type of people Obama does business with will cause problems if he becomes President.
McCain finally told them that the people of the United States have nothing to worry or fear .... that Obama is a good person.
Is McCain just too nice of a person to be running for President?

Tom said...

Oh please let this happen before November 7!!!

Indigo Red said...

I would dislike a Biden presidency, Don. The possibility of that is ironic given that Biden is the least covered and most forgotten of all the candidates in the final run.

I think, Indigo Rose, that McCain is being too nice. As I wrote in a previous post, he's been in the Senate too long, debating like a gentleman. He's lost the knack for dirty street fighting.

The defense of Obama came when a woman said she couldn't trust Obama because he's an Arab. McCain denied BHO was Arab and we have nothing to fear from an Obama presidency. I wondered, why the hell are you running against him for, John? Oh, and Obama is Arab - one third Arab, actually.

Ohhhh, how I hope that happens, Tom. But, alas, the wheels of justice turn slowly.

suek said...

Could they bring charges against a sitting president? I thought that charges had to wait until the term was finished...

Please tell me I'm wrong...

(even if I'm not!!!!!)