Monthly Archives: October 2011

Obama Rezko problem remains despite Fitzgerald, Holder, USDOJ and media, Blagojevich trial wiretaps, Court documents, Early articles

Obama Rezko problem remains despite Fitzgerald, Holder, USDOJ and media, Blagojevich trial wiretaps, Court documents, Early articles

“Why was Obama promoting Capri Capital and other investment firms at the same time that Rezko, Levine and Cellini were shaking them down?”…Citizen Wells

“I believe I’m more pristine on Rezko than him.”…Rod Blagojevich

“There is enough corruption in Illinois so that all it takes is someone who is serious about finding it to uncover it. If a U.S. attorney is not finding corruption in Illinois, they’re not seriously looking for it.”…Northwestern Law Professor James Lindgren

We are nearing the end of the William Cellini trial. Tony Rezko, Mr. Corruption in Chicago and Illinois, with connections to every player in Operation Board Games who has been indicted or prosecuted and with long time close ties to Barack Obama, has not been sentenced or called as a witness since he was convicted in June 2008. It is clear that Patrick Fitzgerald, Eric Holder and the US Justice Department, along with the mainstream media, have protected Obama.  Still Obama has a Rezko problem. We know this because of early articles written about Obama et al before he became the chosen one. We also learn much from the legal documents, wiretaps and trials of Rezko, Blagojevich and Cellini.

Patrick Fitzgerald, Eric Holder and Obama must be investigated and prosecuted. Regardless of how this plays out,

Obama has a Rezko problem.

Obama role in corrupting IL Teacher Retirement System pensions, Cellini trial, 2007 NY Times article, Where is Tony Rezko?, Where is House Judiciary Committee?

Obama role in corrupting IL Teacher Retirement System pensions, Cellini trial, 2007 NY Times article, Where is Tony Rezko?, Where is House Judiciary Committee?

“Why was Obama promoting Capri Capital and other investment firms at the same time that Rezko, Levine and Cellini were shaking them down?”…Citizen Wells

“There is enough corruption in Illinois so that all it takes is someone who is serious about finding it to uncover it. If a U.S. attorney is not finding corruption in Illinois, they’re not seriously looking for it.”…Northwestern Law Professor James Lindgren

Before I delve deeper into Obama’s connections to the corrupting of the Illinois Teacher Retirement System pensions, I present an article from the NY Times dated October 1, 2007. This article came out before the Tony Rezko trial and at the beginning of Obama’s campaign for the presidency. Apparently the NY Times staff had not done their homework and connected the dots. If they had read the Joseph Cari, Steven Loren indictment press release from August 3, 2005 they probably would not have allowed Obama’s ties to the IL Teacher Restirement System pension, investment companies and people like John Rogers to come to light.

Perhaps this is the reason that the William Cellini indictment was separated from the Blagojevich indictment and the trial delayed until late 2011.

From the NY Times, October 1, 2007, presented in entirety.

“In 2000, after losing a Congressional race, Barack Obama was looking to revive his political fortunes. And he soon found a springboard — a group of black entrepreneurs also trying to break out.

Month after month, Mr. Obama, then an Illinois state senator, showed up at the Chicago group’s meetings, listening to members’ concerns about the difficulties they faced in getting government and corporate business, and asking them what he could do to help.

And help them he did. Members of the group, the Alliance of Business Leaders and Entrepreneurs, say Mr. Obama checked into their problems and helped start a drive that enabled minority investment executives to win millions of dollars in business from the state’s giant pension funds.

If Mr. Obama was able to deliver by helping the executives overcome some of the historical barriers facing minority-owned companies, he also would subsequently benefit from his ties to the group. Several of the businessmen or their wives would help clear the debts from his Congressional race, and six of the group’s members are now among the top fund-raisers for his presidential campaign, according to campaign finance records.

All told, employees at more than 30 of the 42 companies listed on the group’s Web site and their relatives donated more than $300,000 to help Mr. Obama win his seat in the United States Senate in 2004 and set fund-raising records early in the 2008 presidential race.

In his presidential campaign, Mr. Obama has been running on a platform of reducing the influence of money in politics. But with Mr. Obama, as with every politician, money has been the blood flow of his campaigns. And at a critical point in his career, he greatly expanded an early pillar of his fund-raising network while trying to help the black entrepreneurs secure work with the state.

The senator’s courtship of the Chicago group and its members is a little-known chapter in his political development that shows the inextricable link between money and politics and the different interpretations people attach to it.

Jay Stewart, executive director of an Illinois watchdog group known as the Better Government Association, said that in helping these and other executives as a state senator, Mr. Obama also benefited from the kind of special-interest-driven politics he now decries.

“Raising large chunks from special interests was common in Illinois,” Mr. Stewart said. “Obama did that too. Now he’s talking about chasing away special interests; that’s great. But that doesn’t change the past.”

Mr. Obama says his involvement with the alliance reflects his longtime passion for ensuring that minority businesses are treated fairly, and there is no indication that he helped the businessmen simply to secure their donations.

“The suggestion that these pioneering leaders would need my help or anyone’s help in order to succeed is troubling, to say the least,” Mr. Obama said in a statement. “I’m proud that I’ve spent my career fighting to ensure that minority-owned businesses would have a chance to compete, and I will continue to do so as president.”

Mr. Obama also recently pointed to his work on the Illinois pension issue as a model for what he would do as president to promote minority-owned companies.

In that push, Mr. Obama met with three state pension boards and introduced a bill on the executives’ behalf. He also worked closely with the state’s top legislative leaders to encourage the pension funds to increase the share of their investment portfolios managed by minority-owned firms. That share has risen to 12 to 20 percent now from 1 to 3 percent in 2000.

Other alliance members said Mr. Obama also looked into whether they could get state business in other areas, including legal work on bond issues and the printing of official notices. As Stephen H. Pugh, a lawyer who belongs to the group, said, “He wanted to understand what our needs were and how government could help.”

Mr. Obama, Mr. Pugh said, “would be our representative — our advocate — to bring our views back to state government.”

The alliance was founded in 1992 to help Chicago’s top black executives and entrepreneurs share business tips and push for greater opportunities. According to the group’s Web site, the companies — which also include architecture, engineering, transportation and communications firms — average 65 full-time employees and annual revenues of $19 million.

The goal was always “to open up doors,” said John W. Rogers Jr., the chief executive of Ariel Capital Management, one of the investment firms that received state business. “It was, as the Rev. Jesse Jackson has eloquently put it, to force other industries to have their ‘Jackie Robinson’ moment.”

During its early years, the group’s main political patron was State Senator Emil Jones Jr., who later became the State Senate president and one of Mr. Obama’s chief mentors. In 1993, Mr. Jones took the first crack at opening up the pension business, persuading the Legislature to pass a bill encouraging the multibillion-dollar funds to use minority-owned firms “to the greatest extent feasible.”

But by the time Mr. Obama, then a junior state senator, began meeting regularly with the group in 2000, little progress had been made. As a result, said Hermene Hartman, the alliance president, the pension issues got “a lot of attention” in the discussions with Mr. Obama.

The investment firms were also among the largest and most prominent companies in the group, and some of their executives were among Mr. Obama’s closest friends.

Mr. Rogers, who also sits on the boards of the McDonald’s Corporation and other major companies, played basketball at Princeton University with Mr. Obama’s brother-in-law. James Reynolds Jr., the chief executive of Loop Capital, a brokerage firm, had been a top fund-raiser for Mr. Obama’s Congressional race.

Mr. Rogers said the investment managers also solicited support from Michael J. Madigan, the powerful Democratic speaker of the Illinois House. In 2001 and 2002, Mr. Madigan and Mr. Obama — at times joined by the investment executives — made formal pitches before three of the state pension boards.

And after Mr. Jones became the State Senate president in 2003, he assigned Mr. Obama to a committee looking into the pension questions to help raise his political profile.

During this period, campaign finance records show, executives from Ariel, Loop and two other leading Chicago investment firms, Holland Capital Management and Capri Capital, sharply increased their donations to Mr. Obama’s State Senate campaign fund. And once he began his campaign for the United States Senate, they quickly became a fund-raising core that has carried over into the presidential race.

Mr. Rogers, who is one of three people at his company who have each bundled at least $50,000 in donations for Mr. Obama’s presidential campaign, said that his financial support for the senator had “no connection” to his company’s efforts to win state contracts, but that it reflected the broader excitement over what Mr. Obama’s success meant for blacks in America.

Pointing to his parents’ struggles to break into the legal business in Chicago, Mr. Rogers said that pushing for greater opportunities was “in your blood, and when you have a peer come along like Barack, who is your own age and lives in your neighborhood, you can’t wait to help him.”

Mr. Reynolds of Loop Capital, who is also one of the bundlers in Mr. Obama’s presidential campaign, did not return calls for comment.

In the end, Mr. Obama dropped off the State Senate committee in late 2003 as his United States Senate race heated up, and just as the panel began a series of hearings that produced the most substantial changes.

Still, William Atwood, the director of the Illinois State Board of Investment, said Mr. Obama regularly asked about minority participation in the pension funds when their paths crossed. “He would ask: ‘How are we doing? Are we making progress?’” Mr. Atwood recalled.

The changes have generated several million dollars in fees for some of the investment firms, although the complete totals could not be obtained. Loop Capital, for instance, saw its brokerage fees related to one of the pension funds shoot up to $2.4 million last year from just $5,700 in 2001. All told, Loop Capital received $5 million in fees from managers for that fund over those six years.

Still, things have not worked out as well for some of the investment managers. Both Ariel and Holland were given several hundred million dollars to invest.

But one of the funds dropped Ariel and two dropped Holland last year after their investment returns lagged behind those of other firms.

Mr. Rogers, the Ariel chief executive, said his firm’s value-oriented stocks tended to lag in fast-rising markets, and other state funds say they are sticking with Ariel for now because it has produced impressive long-term returns. Officials at Holland declined to comment.

But Mr. Rogers also complained that the Illinois funds, which are free to hire minority managers from anywhere in the country, have given much of their business to out-of-state firms owned by women and Asian-Americans.

And while Mr. Obama recently told the Urban League that if he was elected president he would use the same model in helping black-owned businesses nationwide as he did on the pension issue, Mr. Rogers said, “Actually, it is a model of how hard it is to get sustained traction.””

http://www.nytimes.com/2007/10/01/us/politics/01obama.html?pagewanted=print

The article appears to be lauding Obama’s role in helping minority firms. However, indictments in Operation  Board Games and court testimony paint a different picture. One that strongly impacted Illinois teachers and taxpayers.

From the LA Times April 7, 2008.

In 2002, the year after Obama made the pitch, the Illinois Teacher Retirement System reported an 18% increase in assets managed by minority-owned firms. Ariel’s share grew to $442 million by 2005.

In 2006, after the federal investigation became public, the teacher pension board severed its relationship with Ariel, concluding that Ariel’s investment returns were insufficient.

http://latimesblogs.latimes.com/washington/2008/04/obamarezko.html

From Natasha Korecki of the Chicago SunTimes tweets from the William Cellini trial courtroom, October 21, 2011.

“Defense now has first witness on the stand, a TRS attorney who is talking real estate investments, like Cellini’s firm.”

“Cellini’s Commonwealth, used by TRS, had a 20 percent rate of return in 2003 vs Capri Capital (Rosenberg) at 7.35 %”

http://twitter.com/#!/natashakorecki

 Obama is doing to the nation what he did to Illinois teachers for many years.

Where is Tony Rezko?

Where is the House Judiciary Committee?

Howard Coble, et al, are you paying attention?

Steve Jobs Obama Headed For One Term Presidency, Huffington Post, Jobs Biography, Critical of administration policies, Obama not business friendly

Steve Jobs Obama Headed For One Term Presidency, Huffington Post, Jobs Biography, Critical of administration policies, Obama not business friendly

“We need an educated citizenry that values hard evidence.”…Barack Obama

From the Huffington Post October 20, 2011.

“Steve Jobs Biography Reveals He Told Obama, ‘You’re Headed For A One-Term Presidency’”

“In one of the most hotly-anticipated biographies of the year, “Steve Jobs,” author Walter Isaacson reveals that the Apple CEO offered to design political ads for President Obama’s 2012 campaign despite being highly critical of the administration’s policies and that Jobs refused potentially life-saving surgery on his pancreatic cancer because he felt it was too invasive. Nine months later, he got the operation but it was too late.

Those are just some of the tidbits about Jobs’ life revealed in the upcoming biography, a copy of which was obtained by The Huffington Post. The publication date of the official biography of the notoriously-secretive Apple co-founder was pushed up after his death in October. “I wanted my kids to know me,” Isaacson quoted Jobs as saying in their final interview. “I wasn’t always there for them and I wanted them to know why and to understand what I did.”

Among other details unearthed in the book on the notoriously-secretive Apple co-founder:

Jobs’ Meeting With Obama

Jobs, who was known for his prickly, stubborn personality, almost missed meeting President Obama in the fall of 2010 because he insisted that the president personally ask him for a meeting. Though his wife told him that Obama “was really psyched to meet with you,” Jobs insisted on the personal invitation, and the standoff lasted for five days. When he finally relented and they met at the Westin San Francisco Airport, Jobs was characteristically blunt. He seemed to have transformed from a liberal into a conservative.

“You’re headed for a one-term presidency,” he told Obama at the start of their meeting, insisting that the administration needed to be more business-friendly. As an example, Jobs described the ease with which companies can build factories in China compared to the United States, where “regulations and unnecessary costs” make it difficult for them.

Jobs also criticized America’s education system, saying it was “crippled by union work rules,” noted Isaacson. “Until the teachers’ unions were broken, there was almost no hope for education reform.” Jobs proposed allowing principals to hire and fire teachers based on merit, that schools stay open until 6 p.m. and that they be open 11 months a year.

Aiding Obama’s Reelection Campaign

Jobs suggested that Obama meet six or seven other CEOs who could express the needs of innovative businesses — but when White House aides added more names to the list, Jobs insisted that it was growing too big and that “he had no intention of coming.” In preparation for the dinner, Jobs exhibited his notorious attention to detail, telling venture capitalist John Doerr that the menu of shrimp, cod and lentil salad was “far too fancy” and objecting to a chocolate truffle dessert. But he was overruled by the White House, which cited the president’s fondness for cream pie.

Though Jobs was not that impressed by Obama, later telling Isaacson that his focus on the reasons that things can’t get done “infuriates” him, they kept in touch and talked by phone a few more times. Jobs even offered to help create Obama’s political ads for the 2012 campaign. “He had made the same offer in 2008, but he’d become annoyed when Obama’s strategist David Axelrod wasn’t totally deferential,” writes Isaacson. Jobs later told the author that he wanted to do for Obama what the legendary “morning in America” ads did for Ronald Reagan.”

Read more:

http://www.huffingtonpost.com/2011/10/20/steve-jobs-biography-obama_n_1022786.html?icid=maing-grid10%7Chtmlws-sb-bb%7Cdl1%7Csec1_lnk2%7C106076

William Cellini may testify, Cellini attorney Dan Webb informed Judge James Zagel, Stuart Levine not reliable, Where is Tony Rezko?

William Cellini may testify, Cellini attorney Dan Webb informed Judge James Zagel, Stuart Levine not reliable, Where is Tony Rezko?

“Rezko has also stated in interviews with the government that he believed he transmitted a quid pro quo offer from a lobbyist to the public official, whereby the lobbyist would hold a fundraiser for the official in exchange for favorable official action”

“The defense has a good faith belief that this public official is Barack Obama.”…Blagojevich defense subpoena of Barack Obama

“There is enough corruption in Illinois so that all it takes is someone who is serious about finding it to uncover it. If a U.S. attorney is not finding corruption in Illinois, they’re not seriously looking for it.”…Northwestern Law Professor James Lindgren

From the Chicago Tribune October 21, 2011.

“Cellini weighing whether to testify in own defense”

“Lawyers for William Cellini told the judge presiding over his federal trial today that the Springfield power broker wants to testify on his own behalf, but no decision has been made about whether he will indeed take the witness stand.
Cellini’s attorney, Dan Webb, told U.S. District Judge James Zagel outside the presence of the jury that the defense team is waiting until the end of Friday to decide whether Cellini will take the stand.

“It’s a major issue for my client to decide,” Webb said. “Right now my client wants to see how this goes.”

In the meantime, Webb is planning to call witnesses to testify about Cellini’s business dealings with the state teacher pension board.

While testimony today has yet to start, Webb, a former U.S. attorney and veteran criminal-defense lawyer, is arguing to Zagel that some counts against Cellini should be thrown out, calling the government’s star witness the least reliable he’s ever seen.

“He is the single-most non credible witness I have seen in a courtroom,” Webb said outside the presence of the jury.

Webb’s remarks were targeted at Stuart Levine, who prosecutors say conspired with Cellini on the extortion.

Levine has a long history of financial scams and kickbacks schemes as well as three decades of heavy drug abuse.

Cellini’s relationship with that board forms the background of the charges against him.

Prosecutors have charged that Cellini agreed in 2004 to help extort a campaign contribution for then-Gov. Rod Blagojevich from a Hollywood producer whose investment firm had major business with the state teacher pension board.

Cellini, 76, agreed to the plot, the government asserts, to protect his influence and access to the teacher pension board.

Cellini is accused of conspiring with Leveine, another longtime political insider, as well as two top advisers to then Gov. Rod Blagojevich, Antoin “Tony” Rezko and Christopher Kelly, to hold up an investment deal by Hollywood producer and money manager Thomas Rosenberg with the Teachers Retirement System until Rosenberg came up with a $1.5 million contribution to Blagojevich.

On Thursday, Rosenberg concluded his testimony, describing how he turned to old friend Cellini when Rosenberg’s deal suddenly stalled in Springfield seven years ago. Cellini, whom Rosenberg had known for years and who also did a lot of business at the pension board, could figure out what was happening, Rosenberg figured.

But Cellini’s answer left Rosenberg furious, he testified at Cellini’s federal trial.

Rezko and Kelly had put a brick on the pension deal, and the only way to get it moving again was to make a contribution to Blagojevich, he said he learned from Cellini.

“I screamed and cursed,” Rosenberg responded in a low, even voice when asked how he reacted to the news. “I wanted him to pass on the full level of my fury.”

Cellini is alleged to have agreed to assist in the plot to protect his influence at the Teachers Retirement System, or TRS, where his own investment company had also made millions of dollars.

Rosenberg, 64, who was born in Chicago but relocated to California to produce movies, was relaxed and confident on the witness stand Thursday. At times, he drew smiles or laughs from jurors and spectators during a cross-examination by Cellini’s attorney, Terence Gillespie.

Under questioning by prosecutors, Rosenberg said that Cellini made it clear to him in May 2004 that he needed to contribute to Blagojevich or that the TRS deal with his company, Capri Capital, would not be approved.

Cellini told Rosenberg that Rezko and Kelly were aware of how much money Capri had already managed for TRS and that they were angry that “we had done virtually nothing for Blagojevich,” Rosenberg testified.

Capri’s $220-million deal had already been stalled, Rosenberg explained to jurors.

“I didn’t look at it as a threat,” Rosenberg said of Cellini’s remarks to him. “I looked at it as a fait accompli.”

Rosenberg didn’t blink, instead telling Cellini to relay to Rezko and Kelly that he would sooner go to Blagojevich about their strong-arm tactics than make a campaign contribution, he testified.

He also warned Cellini that Rezko and Kelly were going to get them in trouble with law enforcement.

“If there is not a grand jury already investigating these two, there will be,” Rosenberg said he told Cellini. “These two were so outrageous, so crazy, so wild, so brazen it was just a matter of time.”

Assistant U.S. Attorney Christopher Niewoehner then asked Rosenberg how Cellini reacted to his ire.

“He was nervous,” Rosenberg quickly responded over the objection of Cellini’s attorney but then was allowed to continue. “I interpreted his voice as nervous.”

Cellini then told him that he “had to deal with these guys” because he was a lobbyist, Rosenberg said.”

Read more:

http://www.chicagotribune.com/news/local/breaking/chi-cellini-to-start-to-put-on-his-defense-20111021,0,4500919.story

Where is Tony Rezko?

Obama bank failure policies, ACORN, Penny Pritzker, Cellini trial witness Rosenberg dredges up old memories, Capri Capital, Where is House Judiciary Committee?

Obama bank failure policies, ACORN, Penny Pritzker, Cellini trial witness Rosenberg dredges up old memories, Capri Capital, Where is House Judiciary Committee?

“During its 15 years in New York City, ACORN has helped squatters claim derelict city-owned property, forced bankers to invest in low-income communities, and organized a war against the city’s workfare program.

It’s also developed a reputation for no-holds-barred tactics—getting results through adversarial campaigns against bankers, politicians and bureaucrats using confrontation and concession rather than consensus.”…ACORN document, February 1999

“There is enough corruption in Illinois so that all it takes is someone who is serious about finding it to uncover it. If a U.S. attorney is not finding corruption in Illinois, they’re not seriously looking for it.”…Northwestern Law Professor James Lindgren

I was doing some research on Obama’s ties to Capri Capital and Tom Rosenberg, the subject of the Cellini Indictment, when I came across an old article about Obama’s past. I am not finished with Obama’s involvement in the IL Teachers Retirement System, TRS, corruption, but since the Occupy Wall Street, et al folks are focusing their energy on Bankers and such instead of the real culprits, Obama et al, it is appropriate  to do so.

From The Common Conservative October 1, 2008.

“Obama’s Links to Real Estate Scandals, Bank Failures, and Rezko Far Deeper”

“If there is one thing Obama has been very good at, it’s been covering
his tracks. This time, I believe I have made a link that is undeniable
to his knowledge and possible participation in the real estate
dealings and the corruption in Chicago. His links to not so savory
individuals and friends have supported almost every attempt for
political office he has ever made. It is amazing how someone who came
from nowhere has risen to the position of power in such a short time.
He stands to lose much, if Tony Rezko actually tells all he knows as
his Federal sentence is about to be imposed. Possibly he is playing
“lets make a deal” in exchange for bringing down the house on Chicago
real estate ventures at public expense. Everywhere you turn, the major
players are tied directly to Sen. Obama.

First, let’s start with the Superior Bank in Chicago. That bank failed
directly under the control of Penny Pritzker. She is Obama’s Campaign
Finance Chairman and has been instrumental in raising millions for his
campaign. The regulators closed Superior Bank in 2001 because of a
vast number of sub-prime mortgage loans. She took over a failed
savings and loan in 1988 and it was renamed Superior Bank.

During the years of that Obama was actively in Chicago as a community
organizer, one interesting person comes into the picture. Stanley
Kurts reports this in his N.Y. Post article:

ONE key pioneer of ACORN’s subprime-loan shakedown racket was Madeline
Talbott – an activist with extensive ties to Barack Obama. She was
also in on the ground floor of the disastrous turn in Fannie Mae’s
mortgage policies.

Long the director of Chicago ACORN, Talbott is a specialist in “direct
action” – organizers’ term for their militant tactics of intimidation
and disruption. Perhaps her most famous stunt was leading a group of
ACORN protesters breaking into a meeting of the Chicago City Council
to push for a “living wage” law, shouting in defiance as she was
arrested for mob action and disorderly conduct. But her real legacy
may be her drive to push banks into making risky mortgage loans.

In February 1990, Illinois regulators held what was believed to be the
first-ever state hearing to consider blocking a thrift merger for lack
of compliance with CRA. The challenge was filed by ACORN, led by
Talbott. Officials of Bell Federal Savings and Loan Association, her
target, complained that ACORN pressure was undermining its ability to
meet strict financial requirements it was obligated to uphold and
protested being boxed into an “affirmative-action lending policy.” The
following years saw Talbott featured in dozens of news stories about
pressuring banks into higher-risk minority loans.

IN April 1992, Talbott filed an other precedent-setting com plaint
using the “community support requirements” of the 1989
savings-and-loan bailout, this time against Avondale Federal Bank for
Savings. Within a month, Chicago ACORN had organized its first “bank
fair” at Malcolm X College and found 16 Chicago-area financial
institutions willing to participate.

Two months later, aided by ACORN organizer Sandra Maxwell, Talbott
announced plans to conduct demonstrations in the lobbies of area banks
that refused to attend an ACORN-sponsored national bank “summit” in
New York. She insisted that banks show a commitment to minority
lending by lowering their standards on downpayments and underwriting –
for example, by overlooking bad credit histories.

By September 1992, The Chicago Tribune was describing Talbott’s
program as “affirma- tive-action lending” and ACORN was issuing fact
sheets bragging about relaxations of credit standards that it had won
on behalf of minorities.

And Talbott continued her effort to, as she put it, drag banks
“kicking and screaming” into high-risk loans. A September 1993 story
in The Chicago Sun-Times presents her as the leader of an initiative
in which five area financial institutions (including two of her former
targets, now plainly cowed – Bell Federal Savings and Avondale Federal
Savings) were “participating in a $55 million national pilot program
with affordable-housing group ACORN to make mortgages for low- and
moderate-income people with troubled credit histories.”

What made this program different from others, the paper added, was the
participation of Fannie Mae – which had agreed to buy up the loans.
“If this pilot program works,” crowed Talbott, “it will send a message
to the lending community that it’s OK to make these kind of loans.”

This was exactly the time frame Superior Bank was very active in the
sub-prime lending and no doubt, Obama knew exactly who Penny Pritzker
was and her involvement in the ACORN sponsored lending practices.
Another direct link early on to Obama is with another foundation that
Pritzker in involved in. Pritzker is very much involved in the reform
of Chicago’s public education system. Currently she is vice chair of
the Chicago Public Education Fund, the successor organization to the
Chicago Annenberg Challenge, which is the same Board Sen. Obama served
with William Ayers.

Obama no doubt needed the financial backing of the Pritzker’s. They
are the owners of the Hyatt Hotel chain and Obama had inside
connections.  David Mendell recalled in his 2007 book Obama: From
Promise To Power:
“Obama was confident that he was destined for more than a day job
running a foundation or practicing law or languishing in the minority
party in the Illinois senate…He invited a group of African-American
professionals to the house of Marty Nesbitt, who had served as finance
chairman of his congressional campaign. Nesbitt is…vice-president of
the Pritzker Realty Group, part of the Pritzker family empire…Nesbitt
arranged a weekend gathering to help Obama reach inside the deepest
pockets he knew—those of the Pritzker family…

“…Nesbitt knew that if Obama could sell himself to Penny Pritzker, her
support would not only reap huge immediate financial dividends but
also be a crucial step in the foundation of a fund-raising network.

“So in late summer 2002, Obama, Michelle [Robinson-Obama] and their
two daughters drove to Penny Pritzker’s weekend cottage along the
lakefront in Michigan about forty-five minutes from Chicago…”

Also notice this report from WNBC in New York:

On Feb. 10, 2007, Senator Barack Obama launched his bid for the White
House in Springfield, setting himself on a course that has become one
for the history books. But Obama might not have made it even to the
Old State Capitol Building that frigid day if not for a private
meeting he had with friends and advisers in late 2002 as he was
mulling a run for the U.S. Senate. In a South Side high-rise
overlooking the lake, the junior state senator vetted his lofty
political ambitions with a group of Chicago’s African American
business elite that included Frank M. Clark Jr., Valerie B. Jarrett,
Quintin E. Primo III, James Reynolds Jr., and John W. Rogers Jr.

Remember the name Quintin E. Primo III, as he is CEO of Capri Capital
in Chicago. Capri Capital will reemerge later in this article as they
have direct ties to Obama, Pritzker, and also direct ties to Rezko.

Also during the time frame that Fannie Mae and Freddie Mac were buying
sub-prime mortgages, Franklin Raines was CEO of this institution from
1998- 2004. It was during this time, Superior Bank was in real trouble
and under scrutiny from regulators. Pritzker assured regulators there
was nothing wrong, and no doubt, she had to have known Franklin
Raines. Her bank was using Fannie Mae funds since the largest book of
their business was in sub-prime lending. Finally, in December 2004,
Mr. Raines was forced to resign because the Office of Federal Housing
Enterprise Oversight (OFHEO), the regulating body of Fannie Mae, of
abetting widespread accounting errors, which included the shifting of
losses so senior executives, such as himself, could earn large
bonuses.

Another interesting connection to Pritzker is from the Chicago
Community Loan Fund published in 2006:

 Bank is financing partner
CCLf had the resources to make a $1 million loan for the first time in
its history in 2005, thanks in large part to a $3 million loan pool
investment from Charter One Bank. Charter One’s investment in CCLF was
part of a record-setting infusion of new investment capital in 2005.

In fact, CCLF’s partnership with Charter One and the Historic
Pacesetter Limited Partnership is now multi-faceted: the bank plans to
provide a portion of the financing for the project’s construction.

Then we take a look at Sen. Obama’s request for earmark requests for
2005 and we find a very interesting request:

Obama Requested $2.5 Million (And An Additional $ 5 Million Over Two
Years) For A Pacesetter Redevelopment Program In The Village Of
Riverdale.  I2 2005, Obama requested $2.5 million for the Village of
Riverdale and their Pacesetter Redevelopment Program.  The
redevelopment of the Pacesetter neighborhood is essential to the
successful industrial development in Riverdale. The Pacesetter
neighborhood is adjacent to Riverdale’s industrial redevelopment area.
The poor quality of housing, crime and image that the neighborhood
portrays must be changed in order to make the Village’s overall
efforts a success.  Pacesetter Redevelopment, Phase I, would be
comprised of approximately 100 units and cost approximately $22
million. It is proposed that all of the units in this first phase be
rehabilitated. The development team would acquire these properties
from individual landowners. The plan is to control all properties
along Lowe Avenue by the end of 2005. By location and number, these
properties would create the critical mass required for economic
feasibility, while providing a development of sufficient size to make
a visible impact.  The Village is seeking an initial investment in the
project of $5 million over a period of two federal fiscal years.
[Obama Request Letter to the Senate Appropriations Subcommittee on
Transportation, Treasury, the Judiciary, HUD & Related Agencies,
11/6/05]

The Pacesetter funding by Charter One Bank and the Obama earmark
request are not so coincidental. Charter Bank is the same bank that
took over the Superior Bank assets in 2001. From the FDIC:

FDIC APPROVES SALE OF
SUPERIOR FEDERAL BANK, FSB, HINSDALE, ILLINOIS

FOR IMMEDIATE RELEASE
PR-78-2001 (10-31-2001)  Media Contact:
David Barr (202) 898-6992

The Board of Directors of the Federal Deposit Insurance Corporation
(FDIC) approved the sale of the branches and deposits of Superior
Federal Bank, FSB. The winning bidder is Charter One Bank, FSB,
Cleveland, Ohio.

Superior Federal Bank, FSB is the conservatorship established by the
FDIC after the Office of Thrift Supervision closed Superior Bank, FSB
on July 27, 2001. Charter One has agreed to pay the FDIC a premium of
$52.4 million to assume the 17 locations and the $1.1 billion of
deposits held in conservatorship.

In addition to assuming all the deposits, Charter One is acquiring
approximately $45 million of Superior’s assets. These assets consist
mainly of home equity lines of credit, overdrafts assigned to each
branch location, cash and cash equivalents.

Now one has to wonder exactly how Sen. Obama’s request, which was
apparently denied or died on a Bill, was then funded by Charter One
Bank. Penny Pritzker was Obama’s big money and fundraiser for his
Senate campaign and also was directly responsible for Superior Banks
failure. This is no coincidence, or if it is, it surely raises red
flags to the possibility of influence peddling by the Obama camp or
even Sen. Obama directly. Read the FDIC press release. There were $45
million of home loans, and most were sub-prime loans. Questions need
to be asked regarding if Sen. Obama was able to pull a few strings
with Fannie Mae to get these loans spread to other sources of funding
in exchange to lending the project funds.

Once we look into the Rezko trial, we find something very interesting
once again. Rezko was convicted of of six counts of mail fraud, six
counts of wire fraud, two counts of money laundering and two counts of
abetting bribery. He was acquitted on eight counts, including a charge
he tried to extort as much as $2 million from Lakeshore Entertainment
Group founder and former Capri Capital principal Thomas Rosenberg, who
testified against him at trial.

Once again we find Penny Pritzker having ties to Capri Capital as they
both serve on the Boards of The Real Estate Roundtable with Ms.
Pritzker as it’s Treasurer as late as March, 2008. Much of there
efforts have been to lobby for many changes in real estate and real
estate funding laws. One letter was directly to Sen. Chris Dodd
requesting changes in allowing the Federal Reserve to purchase loans
and asset-backed securities, identically the type of securities being
sold by Fannie Mae/Freddie Mac to Wall Street. Bear in mind that Ms.
Pritzker is President of Pritzker Reality Group L.P.

Another place we find Capri Capital is in the CCLF (above). In their
2006-2007 Annual Report, we find that Capri is listed as one of the
Sponsors. Also we find that CCLF was also funded by Fannie Mae as
well. All of these funds are directed primary at the
Riverdale/Pacesetter project.

The Rezko/Pritzker connection goes deep and finding the link hasn’t
been easy. On October 1, 2006, Daley appointed Martin Nesbitt
chairperson of the Chicago Housing Authority. The CHA was created for
“the purposes of engaging in the development, acquisition, leasing,
operation, and administration of a Low Rent Housing Program and other
federally assisted programs,” according to the agency’s 2005 annual
financial report.”

Read more:

 http://thecommonconservative.com/?p=161

Where is the House Judiciary Committee?

Moammar Gaddafi killed, Qaddafi killed by gunshots, October 20, 2011, Moammar Gaddafi AKA Muammar Gaddafi AKA Muammar Qaddafi

 Moammar Gaddafi killed, Qaddafi killed by gunshots, October 20, 2011, Moammar Gaddafi  AKA  Muammar Gaddafi AKA Muammar Qaddafi

From the Washington Post October 20, 2011.

“Big news at daybreak: Moammar Gaddafi has been either captured or killed. On CNN they showed a graphic AFP photo of what appears to be a very bloodied (dead??) Gaddafi. Identity not yet confirmed. Situation fluid at this point so consider all information suspect. No word from White House yet. I’ll post some links:

Here’s the mainbar by the Post. Conflicting reports but state Libyan TV says Gaddafi is dead.

Someone named Abdel Majid Mlegta with the National Transitional Council told Reuters that Gaddafi was shot in the head. But the report is fuzzy: It says Gaddafi was “captured” after he was found in a hole and said “Don’t shoot, don’t shoot.” So perhaps he wasn’t persuasive at that point.

On CNN, Libya information minister Mammoud Shamman just said that Gaddafi is dead. Doesn’t know how. He’s fuzzy too. Here’s the CNN blog.”

http://www.washingtonpost.com/blogs/achenblog/post/reports-moammar-gaddafi-killed/2011/10/20/gIQAGVrE0L_blog.html

Moammar Gaddafi  AKA  Muammar Gaddafi AKA Muammar Qaddafi

William Cellini trial Capri Capital Obama connection, Obama arrest prevented by corrupt US Justice Department, Where is the House Judiciary Committee?

William Cellini trial Capri Capital Obama connection, Obama arrest prevented by corrupt US Justice Department, Where is the House Judiciary Committee?

“Why was Obama promoting Capri Capital and other investment firms at the same time that Rezko, Levine and Cellini were shaking them down?”…Citizen Wells

“Why did Patrick Fitzgerald and the US Justice Department wait until December 2008 to arrest Rod Blagojevich?”…Citizen Wells

 “Why was Tony Rezko’s sentencing delayed?”…Citizen Wells

Do not be fooled by the investigation of Jesse Jackson Jr. in the so called selling of Obama’s senate seat. This was a well crafted diversion intended to take the attention away from Obama’s earlier involvement in Chicago corruption with Tony Rezko, Stuart Levine, et al. The investigation of Jackson is another diversion.

I told you in 2008 that Barack Obama had to get elected to avoid prosecution. That applies now as well. Obama may lose the protection of Eric Holder. Patrick Fitzgerald is still wielding his power to protect Obama.

William Cellini is on trial for his involvement in the corruption of the Illinois Teacher Retirement System, TRS. This is being portrayed as the last prosecution in Operation Board Games that began with the cooperation of Stuart Levine and trial of Tony Rezko. If we had a non corrupt US Justice Department there would be a Patrick Fitzgerald trial, Eric Holder trial and Barack Obama trial.

Yesterday, I presented to you Obama’s ties to Ariel Capital Management and the Illinois Teacher Retirement System.

http://citizenwells.wordpress.com/2011/10/18/stuart-levine-cellini-trial-testimony-reveals-obama-connections-levine-bribed-chicago-board-of-education-arne-duncan-cps-ceo-ariel-capital-management/
What was Barack Obama doing in the years leading up to 2004?

From the Tony Rezko Trial March 12, 2008.

“FBI Special Agent Daniel Cain, the primary case agent on the investigation into Levine and Rezko, is on the stand now in testimony that is laying the foundation for entering the wiretaps into evidence.

Cain said the investigation, dubbed Operation Board Games by the federal agents, began in December 2003 and was prompted by information gleaned from an informant whom he did not identify. That witness, he said, took part in meetings with two other individuals who were in contact with Levine by phone at his home.

Cain said Levine had three phone lines in his North Shore home. Federal agents recorded conversations on those lines April 8-May 21, 2004. Those dates span the time when Levine, Rezko and others allegedly were working to rig the hospital board vote on a Mercy Health System hospital proposal for Crystal Lake and other kickback schemes prosecutors claim they were engaged in.”

From the Tony Rezko Trial March 10, 2008.

“Ziegelmueller asked Hayden about a 2003 e-mail exchange with Lichtenstein, then the governor’s top lawyer, in which Wilhelm made recommendations for the Illinois Health Facilities Planning Board.
The name of Barack Obama, the Democratic front-runner for the presidential nomination, also appears in the e-mail as a member of a strategic team reviewing hospital board matters with the governor’s staff when he was a state senator. The hospital board was scheduled to be revamped in the summer of 2003.
Obama was then chairman of the Senate Committee on Health & Human Services.”

From the Tony Rezko Trial April 14, 2008.

“Stuart Levine, the prosecution’s star witness, said he and Obama were at a party Rezko threw at his Wilmette mansion on April 3, 2004, for Nadhmi Auchi, a controversial Iraqi-born billionaire who Rezko was trying to get to invest in a South Loop real-estate development.

Auchi, now a citizen of the United Kingdom, has faced criminal charges in Europe. He also figured in the revocation of Rezko’s bond early this year after attempting to wire him more than $3 million. Upon learning of that attempt, U.S. District Judge Amy St. Eve declared Rezko a flight risk and ordered him held in a federal jail in the Loop.

The Rezko party in 2004 was designed to induce Auchi to pour money into the South Loop investment. Obama’s presence at the party was not previously known. At the time, Obama was fresh off a surprise win in the Illinois Democratic primary for U.S. Senate and was riding a crest of national publicity.”

From the Chicago SunTimes February 10, 2008.

“In the media, Obama always made it sound like he rarely saw Rezko, saying they met for breakfast or lunch once or twice a year. However, the FBI mole John Thomas helped investigators “build a record of repeat visits to the old offices of Rezko and former business partner Daniel Mahru’s Rezmar Corp., at 853 N. Elston, by Blagojevich and Obama during 2004 and 2005,“

During his March 14, 2008 interview, the Times told Obama, Thomas is an FBI mole and he “recently told us that he saw you coming and going from Rezko’s office a lot.”

“And three other sources told us that you and Rezko spoke on the phone daily.””

From ABC News May 15, 2008.

“Following Obama’s efforts, the Illinois Teachers’ Retirement System gave Ariel Capital $112.5 million to manage, and added hundreds of millions more over the next few years.”

“Three other minority-run firms — Holland Capital, Loop Capital and Capri Capital Partners — also saw hundreds of millions of assets turned over to them to manage after meeting with Obama and the state pension boards.”

http://abcnews.go.com/Blotter/story?id=4861699&page=1

Capri Capital is a little more interesting.
From the William Cellini Indictment Press Release:

“WILLIAM F. CELLINI, SR., INDICTED FOR ALLEGED ROLE IN DEFRAUDING TEACHERS RETIREMENT SYSTEM WITH REZKO, LEVINE AND OTHERS”

“A longtime political insider in Springfield was indicted today on federal corruption charges for allegedly conspiring with two Chicago businessmen and others to obtain political contributions for a certain public official by shaking down an investment firm that was seeking a $220 million allocation from the state Teachers Retirement System (TRS.) The defendant, William F. Cellini, Sr., was charged in a four-count indictment returned by a federal grand jury, announced Patrick J. Fitzgerald, United States Attorney for the Northern District of Illinois.”

“Cellini’s alleged crimes – essentially conspiring with others to force Capri Capital, also a real estate investment firm, and Thomas Rosenberg, a principal and part owner of Capri, to raise or donate substantial political contributions for Public Official A – were the subject of testimony earlier this year at the trial of alleged co-conspirator Antoin “Tony” Rezko. Cellini was charged with conspiring with Rezko, former TRS trustee Stuart Levine, the pension fund’s outside lawyer Steven Loren and others between the spring of 2003 and the summer of 2005 to defraud TRS beneficiaries and the people of Illinois of Levine’s honest services as a TRS trustee. TRS, a public pension plan for teachers and administrators in public schools statewide except in Chicago, serves hundreds of thousands of members and beneficiaries and has assets in excess of $30 billion.

Cellini is the 13th defendant charged as part of Operation Board Games, an ongoing federal public corruption investigation of insider-dealing, influence-peddling and kickbacks involving private interests and public duties related to various state boards and non-profit organizations.”

http://www.justice.gov/usao/iln/pr/chicago/2008/pr1030_01.pdf

Where is the House Judiciary Committee?

Stuart Levine Cellini trial testimony reveals Obama connections, Levine bribed Chicago Board of Education, Arne Duncan CPS CEO, Ariel Capital Management

Stuart Levine Cellini trial testimony reveals Obama connections, Levine bribed Chicago Board of Education, Arne Duncan CPS CEO, Ariel Capital Management

 

“Stuart Levine, as a witness in the Rezko and Cellini trials, stated that he bribed the Chicago Board of Education over 10 times.”

 

“Why did the Illinois Senate Health & Human Services Committee, with Obama as chairman, create and push Bill 1332, “Illinois Health Facilities Planning Act,” early in 2003, which reduced the number of members on the Board from 15 to 9, just prior to rigging by Tony Rezko and Rod Blagojevich?”…Citizen Wells

 

“Why did Patrick Fitzgerald and the US Justice Department wait until December 2008 to arrest Rod Blagojevich?”…Citizen Wells

 

“Why was Tony Rezko’s sentencing delayed?”…Citizen Wells

 

The significance of Stuart Levine’s testimony in the William Cellini trial yesterday went unnoticed except for those of us watching with great scrutiny and keeping the  Obama connection to Chicago corruption stories alive.

 

During the Tony Rezko trial in spring of 2008, Stuart Levine testified:

 

March 18, 2008.

 

“In his first 20 minutes on the witness stand, Stuart Levine admitted that he had passed numerous bribes to win private and government business for several firms with which he was connected.

 

Levine said former Chicago Ald. Edward Vrdolyak acted as a middleman in two bribe schemes, including one to secure a contract with the city Board of Education. On both occasions, Vrdolyak was to pass the bribes onto others, he said.

 

Levine said he also paid a $500,000 bribe to an undisclosed city official to obtain a tire contract from the Department of Streets and Sanitation. Levine also said he passed on bribes of hundreds of thousands of dollars to win a contract to supply school buses to the Board of Education.”

 

Stuart Levine mentioned his bribes to the Chicago Board of Education yesterday, October 17, 2011.

 

From the Chicago Tribune October 18, 2011.

 

“In another plot, Levine told the jury that he took in $100,000 in bribes to help a bus company secure contracts with Chicago Public Schools.”

 

From a courtroom tweet by Natasha Korecki of the Chicago SunTimes October 17, 2011.

 

“Stuart Levine says he also paid bribes more than 10 times to the Chicago Board of Education to get contracts for a bus company.”

 

We knew from the Rezko trial that Levine had bribed the Chicago Board of Education. We now know that it happened more than 10 times. This was an ongoing activity. When I read this I intuitively knew that Obama was connected. It did not take long to find out.

 

Obama appointed Arne Duncan as Secretary of Education in 2009. Here is some background on Duncan.

 

“At a Glance

 

Current Position: Secretary of Education (since January 2009)

 

Career History: Chief executive of Chicago Public Schools (since 2001); Deputy chief of staff to Chicago Public Schools CEO Paul Vallas (1998 to 2001); Ariel Capital Management (1992 to 1998)”
“The Network

 

Duncan is a member of Obama’s tight-knit circle of Chicago friends. He was introduced to the group by his childhood friend, John W. Rogers Jr., an Obama adviser and the ex-husband to Desiree Rogers, Obama’s former White House social secretary. John Rogers and Duncan both went to the University of Chicago Lab School, and Duncan calls Rogers his best friend and the most influential person in his life other than his parents.Whorunsgov.com interview with Arne Duncan(19)Whorunsgov.com interview with Arne Duncan Rogers is now on the Lab School’s board along with Valerie Jarrett, Michelle Obama and Martin Nesbitt. Duncan’s wife, Karen, is the school’s athletic director.
Rogers introduced Duncan to Michelle Obama’s brother, Craig Robinson. Duncan and Robinson have been playing in three-on-three basketball tournaments around the country ever since.

 

Campaign Contributions

 

Duncan donated $2,000 to Barack Obama in the 2008 election cycle and $3,000 to the Democratic National Committee. His wife gave Obama $4,600, the maximum allowable, in the 2008 elections. Center for Responsive Politics(20)Center for Responsive Politics”
Arne Duncan’s World

 

Profiles

 

 

“Desiree Rogers CEO, Johnson Publishing Co. 

 

Valerie Jarrett Senior White House adviser and Assistant to the President for Intergovernmental Relations and Public Liaison (since January 2009) 

 

Martin Nesbitt President and chief executive of The Parking Spot (since 1998) 

 

Craig Robinson Head coach of Oregon State basketball team (since May 2008) and first-brother-in-law”

 

http://www.whorunsgov.com/Profiles/Arne_Duncan

 

We know that Stuart Levine bribed the  Chicago Board of Education over 10 times and Obama’s buddy Arne Duncan was CEO of Chicago Public Schools from 2001 to 2009.

 

It gets even more interesting.

 

Arne Duncan worked for Ariel Capital Management  from 1992 to 1998.

 

From the LA Times April 7, 2008.

 

“The trial of Antoin “Tony” Rezko, one-time patron to Sen. Barack Obama and Illinois Gov. Rod Blagojevich, has turned lurid.

 

Under cross-examination by Rezko attorney Joseph Duffy, star prosecution witness Stuart Levine, a Chicago-area lawyer, is admitting to conspiracy, extortion, bribery, fraud and other bad acts while he “served” at the Illinois public school teachers pension fund board.”

 

“It’s an unfolding, seemingly local political story that’s fascinating in its revealing details about the subterranean world of business, financial and family connections in Illinois and Chicago politics that helped take a virtually unknown black Chicago attorney, nurtured him politically and financially and turned him into….”

 

“This story concerns two men, neither of whom face any legal charges today. They are two of Illinois’ top Democratic politicians — Gov. Blagojevich, who’s been mentioned often in court, and Sen. Obama, who’s received only passing mentions. They’re entwined in the Rezko saga, particularly through the bounteous campaign money he raised for them both.

 

Get used to that name. Rezko’s currently in a long-running Chicago trial on federal extortion and bribery charges. Few campaign donors were more responsible than Rezko for the rise of Blagojevich (Blah-goy-ah-vitch) and Obama. Both politicians came to rely on him for political and personal advice — and lots of campaign money.

 

Their intimate relationship is coming into focus through Rezko, a Syrian-born businessman who made his money in real estate and restaurant franchises and now sits daily in the federal courtroom of U.S. District Judge Amy St. Eve. The trial’s daily events are covered in this Tribune Rezko court blog.

 

So far, Blagojevich, reelected in 2006, is more deeply enmeshed in the scandal than Obama, who’s not been implicated in any wrongdoing.

 

But all three operated in the murky world of Illinois Democratic politics, where money, family relationships and long business associations provide the invisible glue of the local political world.

 

Witnesses in Rezko’s trial have testified that Rezko recommended friends and associates for government jobs and posts on Illinois state boards when Blagojevich took office in 2003, and some of those friends were generous donors to Blagojevich.

 

An early trial exhibit from prosecutors was a spreadsheet. Prepared by an FBI agent , the spreadsheet identifies Rezko-related donors who supplied $1.43 million between 2001 and 2004 to Blagojevich, who was first elected governor in 2002.

 

Using Federal Election Commission and Illinois state records, The Times’ Dan Morain compared donors on the FBI spreadsheet to Obama’s contributors. Guess what.

 

Sen. Obama received $222,000 during the same 2001-2004 period from Rezko-related Blagojevich donors.”

 

“Another overlapping donor is John Rogers, head of Ariel Capital, a major Chicago-based investment firm. Rogers gave $12,500 to Blagojevich in 2004, the FBI spreadsheet shows. Rogers has also given Obama $25,000, state and FEC records reveal.

 

Aides to Obama and Rogers said the pair has a friendship that is separate from Rezko. Ariel vice president Matt Yale said Rogers’ inclusion on the FBI spreadsheet was a surprise, adding, “To the best of our knowledge, we have not made any contributions to Governor Blagojevich or any political candidate on behalf of Tony Rezko.” Ariel is not implicated in the criminal case.

 

As an Illinois state senator, Obama appeared before Illinois pension funds in 2000 and 2001 to urge that they provide more business to black-owned investment houses including, as it happens, Ariel.

 

Describing his efforts to the Urban League last year, Obama said African-American-owned firms were not getting any business from state pensions. Obama singled out Rogers’ Ariel Capital, calling it a well-respected investment house, but one that received no business.

 

“We didn’t have to implement a formal program,” Obama told the Urban League, taking no credit. “I simply said, ‘Listen to what these folks have to say,’ and in about six months they got about a half billion dollars worth of business simply on their own excellence.”

 

In 2002, the year after Obama made the pitch, the Illinois Teacher Retirement System reported an 18% increase in assets managed by minority-owned firms.

 

Ariel’s share grew to $442 million by 2005.

 

In 2006, after the federal investigation became public, the teacher pension board severed its relationship with Ariel, concluding that Ariel’s investment returns were insufficient.”

 

http://latimesblogs.latimes.com/washington/2008/04/obamarezko.html

 

This statement from above is important:

 

“In 2006, after the federal investigation became public, the teacher pension board severed its relationship with Ariel, concluding that Ariel’s investment returns were insufficient.”

 

Remember I have told you that the fix was in in 2006. The presumptive presidential candidate by early 2006 was Blagojevich. By the end of 2006 Obama was preparing to run and Blagojevich was in trouble.

 

The superceding indictment of Stuart Levine and Tony Rezko from October 11, 2006 mentions 7 investment firms tied to the rigging of the IL Teacher’s Retirement System. Ariel Capital Management is not mentioned by name going forward but given the fact that Obama pushed for their inclusion and they pulled out after the investigation, coupled with Obama’s buddies Rezko and Levine documented involvement, the conclusion is obvious.

 

Any way you slice it, it is classic Chicago pay to play politics.

Obama Greensboro NC Guilford Technical Community College jobs speech, AKA Obama 2012 campaign speech, AKA Obama lies

Obama Greensboro NC Guilford Technical Community College jobs speech, AKA Obama 2012 campaign speech, AKA Obama lies

“Stuart Levine, as a witness in the Rezko and Cellini trials, stated that he bribed the Chicago Board of Education over 10 times.”

Obama will give a speech at Guilford Technical Community College today, Tuesday, October 18, 2011. This speech will certainly be a campaign speech disguised as a jobs speech which is something he obviously knows nothing about.

From the GTCC website:

The President’s Address on the Guilford Technical Community College Campus is not open to the public.
It is a ticketed event and tickets have already been distributed.

Remarks by President Obama on
American Jobs Act

October 18, 2011
Marry Perry Ragsdale Family YMCA
900 Bonner Drive • Jamestown, NC 27282

divider

Advisory for Faculty, Staff and Students
Presidential Address
October 18, 2011

Dear Students, Faculty and Staff:As you may be aware, our college is being honored by a visit from President Barack Obama on Tuesday, October 18 during the morning hours.  This is an exciting event for us.  However, with the additional visitors and subsequent traffic on and near campus, traffic flow and student movement will be greatly affected from approximately 7:00 am until 1:00 pm.  The east side of the campus (Koury Hospitality Careers Center, Science Hall, and Transportation Technologies) will be most affected.  Classes will continue as normal with few exceptions.  Lot C, Lot F and the Stanford Road lot will be closed to all GTCC traffic. At 9:00 am, no traffic will be allowed on the east side of campus as Guilford College Road, High Point Road, East Bonner Road, Millis Road and Stanford Road will be closed to all traffic until approximately 1:00 pm.  The Vickery Chapel / West Bonner Road entrance on High Point Road / Main Street (Jamestown) on the west side of campus will remain open during the time of the Presidential visit.
President Parker requests that you follow these suggestions to minimize disruptions to your morning.

  • Please arrive on campus no later than 7:00 am.
  • Carpooling is highly recommended.
  • The parking deck will be open to all – first-come, first served.
  • All spaces are first-come, first-served regardless of markings with the exception of handicapped, visitor and special permit parking spaces.  If possible, plan to remain on campus until 1:00 pm.
  • You must have your GTCC identification with you at all times.  There is to be no exceptions.

Thank you for your understanding and patience during this momentous event.  More information will be forthcoming.”

Oh, I see, Obama is creating jobs for the security people and new tasks for the students trying to get to class. Today is the first day of the short schedule fall classes. I am certain this will help those students.

And speaking of education, my next article on Obama’s impact on education in Chicago and IL will be of interest.

Obama in Greensboro NC, Stuart Levine on witness stand, Rezko waiting in wings?, Levine reveals Obama ties

Obama in Greensboro NC, Stuart Levine on witness stand, Rezko waiting in wings?, Levine reveals Obama ties

“Why did the Illinois Senate Health & Human Services Committee, with Obama as chairman, create and push Bill 1332, “Illinois Health Facilities Planning Act,” early in 2003, which reduced the number of members on the Board from 15 to 9, just prior to rigging by Tony Rezko and Rod Blagojevich?”…Citizen Wells

“I believe I’m more pristine on Rezko than him.”…Rod Blagojevich

“There is enough corruption in Illinois so that all it takes is someone who is serious about finding it to uncover it. If a U.S. attorney is not finding corruption in Illinois, they’re not seriously looking for it.”…Northwestern Law Professor James Lindgren

Barack Obama is spending the night in Greensboro, NC during his con job tour on jobs. While Obama was traveling in NC today Stuart Levine was on the witness stand today in Chicago for the William Cellini trial. Obama’s buddies in the US Justice Department have tried their best to protect him and keep Tony Rezko away from the witness stand. Levine did a pretty good job today of connecting Obama to all of the corruption that has been taking place in Chicago. You had to really be paying attention to notice it. I have been.

So Obama, I wouldn’t get too cozy in that Proximity Hotel bed tonight. There is no telling what Levine might reveal tomorrow.