Obama Rezko lot transaction bank president Mahajan FDIC lawsuit, Motion hearing, June 12, 2013, Judge Virginia M. Kendall, Rezkos sold lot to Obamas, Ghosts of Obama’s past

Obama Rezko lot transaction bank president Mahajan FDIC lawsuit, Motion hearing, June 12, 2013, Judge Virginia M. Kendall, Rezkos sold lot to Obamas, Ghosts of Obama’s past

“Why wasn’t Rod Blagojevich, Governor of IL, prosecuted before Tony Rezko, a businessman?”…Citizen Wells

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

“Why did Mutual Bank fire whistleblower Kenneth J Connor after he
challenged the appraisal on the land purchased by Rita Rezko, just
prior to the land sale to Obama?”…Citizen Wells

Lest we forget.

The FDIC lawsuit against Amrish Mahajan, former president of Mutual Bank, et al is scheduled for a motion hearing in the courtroom of Judge Virginia M. Kendall on June 12, 2013. Mutual Bank loaned Rita Rezko the money for the lot that was purchased by the Obama’s. It is also the bank that fired whistleblower Kenneth J. Conner after he questioned the appraisal of that lot.

Daily Calendar

Wednesday, June 12, 2013 (As of 06/12/13 at 05:47:26 AM)

Honorable Virginia M. Kendall               Courtroom 2319 (VMK)

1:11-cv-07590   Federal Deposit Insurance Corporatio   09:00   Notice of Motion

http://www.ilnd.uscourts.gov/home/DailyCal/0.htm

From Citizen Wells June 5, 2012.

The Obama camp, with the full cooperation of the mainstream media and US Justice Dept., has done their best to distance Obama from his numerous close corruption ties in Chicago and Illinois. The delayed and dragged out prosecution of Rod Blagojevich with his mutual ties to Tony Rezko, the failure to call Rezko as a witness and the dropping of counts against Blagojevich that are most damning for Obama, is one good example.

With the best attempts to divert attention away from Obama’s corrupt past, the Ghosts of Obama’s Christmas past continue to linger.

From an article written by truthteller and presented on NoQuarter USA on October 12, 2008.

“”Because I tend to rely on evidence and not on hearsay, I believe we should focus our attention on Amrish Mahajan and the Mutual Bank of Harvey, not on Giannoulias and the Broadway Bank, if we are to assign names to the financial institution about which Sneed of the Chicago Sun-Timeshas heard “rumblings.” Although Mahajan is not known to readers ofNo Quarter and to the national media, I imagine they will desire more information on the unscrupulous banker once they read the information I unpack below the fold. And yes, Obama is involved, deeply involved.”

My interest in Amrish Mahajan and the Mutual Bank of Harvey was picqued by this list of contributors in Rezko’s bundling network provided by the Chicago Sun-Times last March. View the second page of the document, and notice the following entry:

Last name	First name	Obama donations	Rezko connection
Mahajan	Amrish	$2,500	Banker whose bank loaned money to Rezko companies. The bank also loaned Rezko’s wife money to buy a vacant lot next to Obama’s home.

The data available in the Sun-Times spreadsheet is corroborated by the following data, which is democratically available at the Federal Election Commission‘s website:

MAHAJAN, AMRISH
CHICAGO, IL 60607
MUTUAL BANK

OBAMA, BARACK
VIA OBAMA FOR ILLINOIS INC
12/20/2003 500.00 24020030170
04/14/2004 1000.00 24020461757

Not only was Mahajan a member of Rezko’s bundling network; his bank, the Mutual Bank of Harvey, granted Rita Rezko the $500,000 mortgage she neededin order to purchase the lot on which the Obama mansion in Chicago sits. As many of you may recall, the Obamas could not have purchased the mansion they could not afford unless transactions for the mansion and the lot closed on the same day. Obama needed to locate someone who would buy the lot, and he approached Rezko, the convicted slumlord with whom Obama toured the property before they mutually agreed to the following arrangement:

The home and lot sales closed on June 15, 2005. A land trust controlled by the Obamas bought the house for $1.65 million, and the Obamas secured a $1.32 million mortgage from Northern Trust to complete that purchase. That same day, Rezko’s wife, Rita Rezko, bought the side lot for $625,000. A $37,000- a-year Cook County employee, she secured a $500,000 mortgage from Mutual Bank of Harvey.

The structure of this transaction begs the following question: What bank would lend a government employee who earns $37,000 per annum a $500,000 mortgage? What bank would assume such a risk?

The Mutual Bank of Harvey, of course, for the Mutual Bank of Harvey’s President is a man who is deeply connected to the Chicago machine that backed Barack Obama. Indeed, Amrish Mahajan was one of Mayor Daley’s first political appointments in 1989, when he was named to a seat on Chicago’s Plan Commission, where he would be joined by Obama’s former boss and Rezko’s business partner Allison Davis and by Valerie Jarrett, Daley’s Chief of Staff whochaired the Commission from 1991-1995. Mahajan, in other words, worked with those who devised and profited from Daley’s failed public housing experiment in Chicago, a public housing policy Obama helped fund as state Senator and US Senator.

Rezko, according to the Boston Globe, was one of the major beneficiaries of Obama’s legislative advocacy for funding of Daley’s public housing experiment. Other major beneficiaries are Jarrett and Allison Davis. Mahajan was also a beneficiary, for his bank had made $3.4 million dollars in loans to Tony Rezko’s slum landlord business since 2002. A banker for one of the slumlords who benefitted from the Daley housing program Obama helped bankroll, Mahajan was returning a favor when he wrote a $500,000 mortgage in 2005 for the wife of one of his clients. Although Tony’s financial problems were mounting in 2005, and although Rita earned only $35,000 per annum, Mahajan underwrote the mortgage. Favors must be reciprocated, I guess, especially when one can satisfy two parties at once: the person with whom one has a complicated relationship in real estate and the politician who helped finance that complicated relationship as state Senator and US Senator.

I doubt federal investigators are interested in the Mahajans solely for their involvement in the property deal involving Obama, Mahajan and the Rezkos. The Mahajans, I believe, are the foci of their probe for many reasons.

• Anita Mahajan, the wife of Amrish, has been involved with questionable real estate deals that are the subject of federal probes with Governor Blagojevich’s wife, Patricia
• Anita Mahajan exploited lucrative no bid contracts with the Department of Children and Family Services to steal $2.1 million from Illinois taxpayers; she was charged and released on a $250,000 bond in March 2007
• “Uncle Amrish” has raised more than a half million for Blagojevich and approximately $50,000 for Mayor Daley, whose father helped launch Mahajan’s banking career
• “Uncle Amrish” also helped Obama purchase a house he could not afford

The real estate transaction involving Rita Rezko, the Obamas and Mutual Bank of Harvey is just the tip of the iceberg. Indeed, the Mutual Bank of Harvey seems to be at the center of all the corruption in Chicago. To quote former Donald Perillo, Chicago insurance mogul and son of the lawyer for Al Capone, in the Chicago Tribune article I cite above:

Donald Parrillo said he isn’t surprised to see Mahajan mix it up with politics and business. “He got that attitude from the Parrillo family,” the former alderman said. “He wanted to get in the game.”

And Mahajan certainly is in the game. The banker of the Chicago machine, he is also the man who wrote the mortgage for Rita Rezko that facilitated Obama’s purchase the mansion he could not afford. This is why I believe prosecutors are interested in Harvey Mutual Bank. Not only did Rezko receive loans from this institution; this bank is heavily involved in problematic real estate dealings involving Blagojevich and Obama. And if I may quote Rezko in the 9 JUN letter he wrote to Judge Amy St. Eve:

Your Honor, the prosecutors have been overzealous in pursuing a crime that never happened. They are pressuring me to tell them the “wrong” things that I supposedly know aboutGovernor Blagojevich and Senator Obama. I have never been party to any wrongdoing that involved the Governor or the Senator. I will never fabricate lies about anyone else for selfish purposes. I will take what comes my way, but I will never hurt innocent people. I am not Levine, Loren, Mahru , or Winter.”

Rezko is now talking, and prosecutors are presently interested in a politically connected financial institution. I bet Obama now regrets paying Rita Rezko $104,500 for the strip of the land in the lot on which his house sits in January 2006. Acquired with the assistance of a questionable $500,000 mortgage from Amrish Mahajan’s Mutual Bank of Harvey, this lot and Obama’s desire to expand his yard by bit was the catalyst for all the investigative reports into Obama’s deep ties to Rezko. By the way, Rita’s lot is only accessible through the front gate of Obama’s home; it is not a separate property, and it was never intended to be a separate property.

“It was a mistake to have been engaged with him at all in this or any other personal business dealing that would allow him, or anyone else, to believe that he had done me a favor,” Obama says of the real estate transactions with Rezko. I wonder if now he also believes it was a mistake for him to serve as the legislator who represented and bankrolled Richard Daley, Amrish Mahajan, Valerie Jarrett, Allison Davis and the Chicago Plan Commission. But at least he and Michelle have a house, a house the Mutual Bank of Harvey, the politically connected bank that wrote loans for Rezko, helped them procure in 2005. Too bad that house will be the end of Barack Obama.

“

http://www.noquarterusa.net/blog/5382/about-the-financial-institution-mentioned-in-the-sun-times-obama-tony-rezko-amrish-mahajan-the-kenwood-mansion-rita-rezko/

From Citizen Wells November 1, 2011.

“Here is what we know about the purchase of a lot by Barack and Michelle Obama from Rita Rezko in 2006:

1. “In June, 2005, Mutual Bank President and CEO Amrish Mahajan and
other Mutual Bank officers approved a loan to Rita Malki Rezko (Rita
Rezko) which was guaranteed by Antonin Rezko so that Rita Rezko could
purchase a 9,090 square foot vacant parcel of real estate at 5050 S.
Greenwood Avenue, Chicago.” (Conner lawsuit)

2. “On or about January 4, 2006, Rita Rezko entered into an
agreement with Senator Barack and Michelle Obama (Obamas) to sell a
ten-foot strip of the 5050 S. Greenwood property to the Obamas.”
(Conner lawsuit)

3. “In late 2005 or early 2006, Conner performed an appraisal review
of the Adams Appraisal (Exhibit C) per the directive of Richard Barth
and James Murphy. Conner prepared a written Appraisal Review report
(ARR) opining that the Adams Appraisal overvalued the Greenwood lot by
a minimum of $ 125,000.00 and that a reasonable and fair valuation for
Mutual Banks’s underwriting purposes should be no greater than $
500,000.00 for the entire 5050 S. Greenwood parcel as originally
purchased by Rita Rezko.” (Conner lawsuit)

4. “On or about October 19, 2006, Mutual Bank received a Grand Jury
Subpoena (GJS) requiring Mutual Bank to produce the Rezko 5050
Greenwood loan file, as well as a Rita Rezko Riverside District
Development LLC checking account and loan file.” (Conner lawsuit)

5. “In October, 2007, Conner had various communications with Mutual
Bank’s Human Resources Department representative, Lana Schlabach. In
an email communication of October 15, 2007, Conner directly referenced
“Resentment over my mentioned discovery of the removal/replacement of
an appraisal review that I conducted. That appraisal review contained
substantial observations and suggestions. The transaction and parties
involved were high profile in the media.I am under the impression that
the FBI has since looked at the file.”” On October 23, 2007, eight days after Conner’s October 15, 2007 email to Schlabach attached as Exhibit J, Mutual Bank terminated Conner’s employment for pretextual reasons.” (Conner lawsuit)

6. “On October 23, 2007, eight days after Conner’s October 15, 2007
email to Schlabach attached as Exhibit J, Mutual Bank terminated
Conner’s employment for pretextual reasons.” (Conner lawsuit)

7. The FDIC has filed a lawsuit against Mutual Bank, Amrish Mahajan, Richard Barth, et al.”

http://citizenwells.wordpress.com/2011/11/01/fdic-mutual-bank-lawsuit-reveals-rezko-obama-corruption-kenneth-j-conner-lawsuit-amrish-mahajan-richard-barth-where-did-rezkos-get-the-money/

From ABC News Chicago August 22, 2011.

“Anita Mahajan, a Chicago businesswoman with ties to former governor Rod Blagojevich, pleaded guilty to bilking the state of Illinois by submitting bogus bills.

“I’m sorry,” Mahajan said in court Monday while pleading guilty to felony theft for pilfering about $100,000 in taxpayer money through her drug-testing company, K.K. Bio-Science. That company is now defunct.

The 60-year-old received four years of probation, agreed to pay $200,000 in fines and perform 1,500 hours of community service.

Mahajan’s husband, Amrish, was a banker and significant fundraiser for Blagojevich. Also, Blagojevich’s wife, Patti, made more than $100,000 in commissions handling real estate deals for the Mahajans in 2006, which caused a stir in the Blagojevich re-election campaign. The following year, Mahajan was charged with cheating the state of out of $2 million for drug tests that were never performed.

“People of this state were being cheated,” Dick Devine said in 2007 when he was the state’s attorney while announcing a seven-count indictment against Mahajan. The attorney general sued to recover the state’s lost money.

Four years later, Mahajan pleaded guilty to a single, reduced charge of theft instead of the felonies that would have sent her to prison for at least six years.

“Anita Mahajan is another example of the collateral damage that’s been left in the wake of the Rod Blagojevich Tsunami,” Steve Miller, Mahajan’s attorney, said.””

http://abclocal.go.com/wls/story?section=news/local&id=8320596&rss=rss-wls-article-8320596

From the FDIC lawsuit against Amrish Mahajan, et al.

“6. The Director Defendants also wasted corporate assets and drained the Bank’s capital by…(c) authorizing $ 495,000 in “bonuses” to pay for the criminal defense costs for the Defendant Amrish Mahajan’s wife who was indicted for Medicaid fraud”

“32. The Director and Officer Defendants failed to establish procedures that would have lessened the risks of the Bank’s improvidant lending practices. The terms of transactions were not accurately documented. Status reports were missing so that records of how an asset was progressing were not available. Terms of loans were changed at closing without board or loan committee approvals or any rcord in the file. Loan guarantees were frequently missing from the files. Appraisers were retained by brokers with an interest in seeing transactions consummated, not by the bank. Appraisals were often received after the loan was funded. Loans were typically non-recourse and dependent on guarantor abilities to repay in the event that the collateral was insufficient. Yet, little or no attention was paid to whether guarantors had sufficient liquidity to protect the Bank’s interest; the officers and the Board did little or no analysis of guarantor or borrower financial strength.”

http://www.courthousenews.com/2011/10/26/FDIC.pdf

From the Washington Times November 4, 2008.

“A former Illinois real estate specialist says FBI agents have questioned him about a Chicago property that had been bought by convicted felon Tony Rezko’s wife and later sold to the couple’s next-door neighbor, Sen. Barack Obama.

The real estate specialist, Kenneth J. Conner, said bank officials replaced an appraisal review he prepared on the property and FBI agents were investigating in late 2007 whether the Rezko-Obama deal was proper.

“Agents and I talked about payoff, bribe, kickback for a long time, though it took them only a short number of minutes of talking with me while looking at the appraisal to acknowledge what they already seemed to know: The Rezko lot was grossly overvalued,” Mr. Conner told The Washington Times Monday.

“Rezko paid the asking price on the same day Obama paid $300,000 less than the asking price to the same seller for his adjacent mansion,” he said. “This begs the question of payoff, bribe, kickback.””

http://www.washingtontimes.com/news/2008/nov/04/fbi-asked-questions-on-rezko-land-deal/

Obama’s Rezko problem is not going away.

Blagojevich blackmailing Obama Justice Dept.?, Illinois pay to play emails, ABC Brian Ross 2010 Blagojevich interview, Arpaio investigation supreme court cases and Obama gates cause rats to jump ship?

Blagojevich blackmailing Obama Justice Dept.?, Illinois pay to play emails, ABC Brian Ross 2010 Blagojevich interview, Arpaio investigation supreme court cases and Obama gates cause rats to jump ship?

“Why wasn’t Rod Blagojevich, Governor of IL, prosecuted before Tony Rezko, a businessman?”…Citizen Wells

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

“Regardless of how this plays out, it benefits Obama. If there is no appeal or the appeal is denied, Blagojevich will be sequestered. If the appeal proceeds, it could drag out beyond impacting the 2012 election cycle. The intent is obvious.”…Citizen Wells, July 19, 2011

 

The delays in the prosecution and ultimately the appeal of Rod Blagojevich have led many, including myself, to suspect that some deal was struck with Obama and or the Justice Department that he controls.

From Citizen Wells May 21, 2013.

“We seem to be approaching a “perfect storm” of Obama controversies, any of which would have capsized a Republican president.

Obama’s pals in the mainstream media continue to minimize, mis report, under report and rectify news in an effort to protect Obama and themselves.

However, the brewing storm may be insurmountable for even the best Orwellian efforts of the Obama administration and the press.

Citizen Wells reported in 2008 that Obama had to win the election to keep from being prosecuted for Chicago corruption ties and involvement and for fraud in his eligibility and records. The same is true for 2012 and now Obama knows that he needs to maintain some control of congress with the 2014 elections.

That is, if he is still around then.

The spectre of Obama’s arrest, impeachment or resignation is more with us than ever.

Consider the following:

Project Gunrunner, aka Fast and Furious, has not been fully investigated.

Benghazi Gate.

IRS Gate.

USDOJ Gate.

The Sheriff Joe Arpaio investigation into the Obama birth certificate and other records is proceeding.

There are at least 2 eligibility cases active in state supreme courts.

Judge Roy Moore is the Supreme Court chief justice in Alabama. He has already questioned Obama’s eligibility and Mike Zullo of the Arpaio investigation has provided a lengthy affidavit.

Appellant H. Brooke Paige is awaiting decisions from the Vermont Supreme Court on several issues. He has challenged Obama’s natural born citizen status due to the father being Kenyan/British.

The Blagojevich appeal is still in the works. Many believe he expects a pardon or other assistance from Obama.

The FDIC lawsuit against Mutual Bank et al is still alive. This is the bank that loaned Rita Rezko the money for the lot adjacent to the Obama’s that was subsequently sold to them.

One has to wonder that if Obama appears to be in jeopardy if Blagojevich or even Rezko will talk.

Don’t believe Obama can be touched?

From WND May 19, 2013.

“HALF OF AMERICA WANTS OBAMA IMPEACHED”

“The faux stone columns from his Denver acceptance speech are crumbling, the fireworks have fizzled and the unadulterated adulation of Barack Obama is a sour feeling of disillusion, as a new poll reveals half of America wants him impeached, including a stunning one in four Democrats.

“It may be early in the process for members of Congress to start planning for impeachment of Barack Obama, but the American public is building a serious appetite for it,” said Fritz Wenzel, of Wenzel Strategies, which did the telephone poll Thursday. It has a margin of error of 4.36 percent.

“Half or nearly half of those surveyed said they believed Obama should be impeached for the trifecta of scandals now consuming Washington.””

http://citizenwells.wordpress.com/2013/05/21/obama-arrest-impeachment-resignation-imminent-benghazi-gate-irs-gate-usdoj-gate-al-vt-supreme-court-eligibility-cases-arpaio-investigation-blagojevich-appeal-fdic-mutual-bank-lawsuit/

From Illinois Pay to Play May 29, 2013.

“Hey, Chicago Tribune: Why are you helping Rod Blagojevich blackmail the Feds?”

“A proven reliable source reports that Rod Blagojevich is attempting to blackmail his way out of prison.

And, there are indications that the feds are in the process of capitulating to Blago’s demands, aided by the collaborative assistance of the ChicagoTribune, in what amounts to a cover-up of a crime.

(Read this email thread from bottom to top)

Top

—–Original Message—–

From: <redacted>

To: Len Goodman

Sent: 2013-05-24 17:24:37 +0000

Subject: Is it a real appeal?

Mr. Len Goodman

It has come to my attention, that there is a strong possibility your client Rod Blagojevich is blackmailing former U.S. Attorney Patrick Fitzgerald and the federal government.

Are you familiar with the interview Rod Blagojevich did with Brian Ross?”

“From:<redacted>

To: “Randall Samborn” <Randall.Samborn@usdoj.gov>

Sent: Saturday, March 12, 2011 1:00:28 PM

Subject: Fwd: Brian Ross 8-26-2010 Blago threatens

Randall Samborn

Looks like Rod Blagojevich’s decision to go the route of extortion might be working for him? . In plain site on ABC.

Do you think if he does not get the deal he wants Rod Blagojevich will tell the public the information Patrick Fitzgerald supposedly wanted the morning he arrested Blago.

More important does Patrick Fitzgerald want information about corruption at the level that Blago speaks of in this interview.

Blago say’s some very telling things in this interview with Brian Ross that will help expose the truth. Simple questions, who told John Chase that the feds had a wire on Blagojevich and that John Wyma was cooperating with U.S. Attorney Patrick Fitzgerald.

Who,what,why,when and where was the decision made to warn Blago ?

Why is no one asking ? That last question was rhetorical, I know why no one is asking.

Randall, lets not forget our discussions about these matters. Maybe this is one of those times that calls for a Special Counsel to be appointed.

Trial or not, there are a lot of questions that need to be answered starting with the ones John Chase has never answered.

xxxxxxxxxxxxxxxx”

Read more:

http://illinoispaytoplay.com/2013/05/29/hey-chicago-tribune-why-are-you-helping-rod-blagojevich-blackmail-the-feds/

ABC Brian Ross Blagojevich 2010 interview.

“Former Illinois Gov. Rod R. Blagojevich recognizes that daunting challenges await as prosecutors prepare to mount a new effort to convict him on corruption charges, but he told ABC News Friday he sees a triumphant political comeback in his future that will be no less dramatic than the one pulled off by Winston Churchill.

“I’m not ruling out doing something I’ve spent my whole adult life doing,” Blagojevich said when asked about a possible return to politics. “I believe some of the greatest stories in history are some of the great comebacks. You think about Winston Churchill, I mean he spent years in the political wilderness … . If Churchill can comeback from something like that, when I’m vindicated, I certainly don’t write myself off.”

Blagojevich sat down with ABC News Chief Investigative Correspondent Brian Ross Friday as he embarked on a media tour aimed at recovering his reputation in the aftermath of a (mostly) favorable courtroom verdict – a jury this week found him guilty on only one of 24 counts, lying to federal agents. The panel could not find agreement any of the corruption charges, including most sensational government claim, that he attempted to cash-in the senate seat vacated by President Barack Obama for a new job or for campaign contributions.

The now famous Chicago pol-turned-reality TV star — known better as “Blago” — spent the 80-minute interview casting himself in the role of the persecuted David. Goliath, in this telling, was a team of federal prosecutors that remains hell-bent on collecting the scalp that sits under his generous mop of thick brown hair.

“This is a person determined to get his trophy,” he said of U.S. Attorney Patrick Fitzgerald.

Blagojevich told ABC News that shortly after his 2008 arrest, investigators tried to convince him to offer damaging information on “folks in higher places” in exchange for lenience. Blagojevich said that Obama, even more than himself, had a longstanding, close association with Antoin “Tony” Rezko, the Chicago real estate developer who had become the subject of his own federal probe – one that ultimately led to Rezko’s conviction on fraud and bribery charges. The former governor said his very first meeting with Obama, then about to join the Illinois senate, came by way of Rezko’s personal introduction.

Blagojevich said that in late 2008, having just arrived in his jail cell, investigators approached him for information.

“When they had me in custody they were very clear about they wanted me to cooperate and talk about people in higher places ,and with all due respect to Mayor Daley, there’s no one higher than Governor,” he said.

“You’re talking about then president-elect Obama?” Ross asked.

“I’m not saying that right now.” Asked who else he could mean, Blagojevich shifted uncomfortably in his seat. “Is it your impression they were thinking about Obama?” Ross pressed.

“I have my own personal opinion but from where I’m sitting right now it’s probably better for me not to talk about it.” He then grinned, “If I’m guilty of anything it’s that I talk too much.”

The case laid out against the former Illinois governor was built over the course of a six-year investigation that delved into a range of state contracts, political donations, and allegations of backroom deals. Much of it rested on hundreds of hours of recorded telephone conversations, including dozens between Blagojevich and his top advisers. It broke dramatically into the public realm in late 2008, as prosecutors alleged the governor was attempting to cash in an extremely valuable political chit – the newly open senate seat that had been vacated by Obama.

In one tape, Blagojevich can be heard telling an aide “I mean I, I’ve got this thing and it’s [bleep]ing golden … And I, I’m just not giving it up for [bleeping nothing.”

Blagojevich said the tapes may sound boorish, but they only capture what he called “routine” musings and brainstorming with his lawyers and advisers about the options arrayed before him.

“I was discussing ideas,” he said. “Good ones, stupid ones, ugly ones, just discussing ideas, thinking out loud. Discussing different scenarios.”

Ross asked, “You really believe this is routine politics? This is what politics is?”

Blagojevich replied: “It’s routine political horse trading. Say what you will, this is how the system works.”

Later, Blagojevich defended his decision to allow his children to attend his trial – something jurors said afterwards they found distasteful. He said his 14-year-old daughter asked him to allow her to attend. Once he consented, he said his younger daughter, who is seven, did not want to be left behind.

The federal case against him, he added, has taken a severe toll on his family. He recounted how he heard his younger child playing out a conversation between two dolls in which one doll said to the other, “You know I know you lied about me because you want to put me in jail but I’m still your friend.”

“I found that heartbreaking because my little one is actually picking up some of the dynamics of this case where I’ve had some friends that have lied about me and she knows that happens,” the former governor said. “She knows that there was one we didn’t win and the others we’re in a good place on, but we’re going to work on that.”

Blagojevich said that he would, under no condition, accept a plea deal that would require him to admit guilt in any of the corruption allegations – even a deal that allowed him to stay out of prison. On the one guilty count alone, he could face a five year sentence, though he vowed to appeal.

“The real world of politics, Brian, is rough and tumble business,” he said.”

http://abcnews.go.com/Blotter/blago-winston-churchill-mount-dramatic-comeback/t/story?id=11448425

Obama nominates Zachary Fardon to replace Patrick Fitzgerald, Fardon represented John Wyma Blagojevich friend crony, Wyma avoided prosecution by being witness

Obama nominates Zachary Fardon to replace Patrick Fitzgerald, Fardon represented John Wyma Blagojevich friend crony, Wyma avoided prosecution by being witness

“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

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

 

From CNS News May 23, 2013.

“New federal prosecutor nominated for Chicago”

The Obama administration has picked a private attorney and former federal prosecutor who helped send former Illinois Gov. George Ryan to prison for corruption to head the U.S. attorney’s office in Chicago, Illinois’ senators announced Thursday.

Zachary Fardon would replace Patrick Fitzgerald, who stepped down last summer to enter private practice. Fitzgerald rose to national prominence during more than a decade in the office and successfully convicted two Illinois governors, including Ryan. The U.S. Senate must confirm President Barack Obama’s nomination of Fardon.

Both of Illinois’ senators, Democrat Dick Durbin and Republican Mark Kirk, support the choice.

“Zachary Fardon will be an exceptional U.S. Attorney for the Northern District of Illinois,” Durbin said in a news release announcing the nomination. “I spoke to him today and advised him that he’ll have to hit the ground running and immediately focus on daily gang and gun violence plaguing the streets of Chicago.”

Kirk called Fardon “an outstanding pick to continue Patrick Fitzgerald’s tradition of aggressively prosecuting criminal activity that threatens northern Illinois.”

The post is widely regarded as Chicago’s second-most powerful job, after the mayor. The chief prosecutor and around 170 assistant attorneys also have an impact beyond Illinois, including by handling major terrorism cases.

Fardon, a partner at the Chicago law firm Latham Watkins, was on the team of federal prosecutors who secured convictions against Ryan in 2006. In that case and in others, Fardon gained a reputation as an adept, quick-witted cross-examiner.

Fardon also served in the U.S. attorney’s office in Nashville, Tenn., and later entered private practice. Among his clients was John Wyma, a longtime lobbyist and friend of former Illinois Democratic Gov. Rod Blagojevich, whose testimony helped convict Ryan of corruption.”

http://cnsnews.com/news/article/new-federal-prosecutor-nominated-chicago

From the Chicago SunTimes July 27, 2010.

“Sam Adam Jr. has just accused President Barack Obama and his transition team of negotiating with Blagojevich.

The offer came from Rod to Tom Balanoff, Adam says. Balanoff brought it to Valerie Jarrett and word came back from Rahm Emanuel through John Wyma. It’s a negotiation they were in, he said of Obama and Blagojevich.”

Read more:

http://blogs.suntimes.com/blago/2010/07/sam_adam_jr_accuses_barack_oba.html

From ABC News December 12, 2008.

“Blagojevich Confidant Turned Informant”
“For years, John Wyma has been one of Gov. Rod Blagojevich’s closest allies. He served as Blagojevich’s chief of staff in Congress and was a key advisor in his 2002 campaign for governor. When his former boss took over the statehouse, Wyma remained a central fundraiser and counselor, but also had Blagojevich’s ear as a lobbyist. But now this longtime advisor and old friend has become one of the most significant cooperators in the government’s efforts to put Blagojevich behind bars.

Wyma, 41, was close to much of the alleged wrongdoing during the feds’ five-year probe, and he remains a subject of the government’s investigation into the Illinois Health Planning Facilities Board, according to the criminal complaint for Blagojevich. But Wyma’s turn from confidant to informant ultimately inched prosecutors to the governor’s most recent — and most brazen — alleged attempts to trade political favors for campaign cash, the complaint states.

A fixture of the Blagojevich’s inner circle, Wyma as a lobbyist routinely traveled with the governor, flying with him during official state trips more than a dozen times during his first term, according to the Chicago Sun Times.

For years, John Wyma has been one of Gov. Rod Blagojevich’s closest allies. He served as Blagojevich’s chief of staff in Congress and was a key advisor in his 2002 campaign for governor. When his former boss took over the statehouse, Wyma remained a central fundraiser and counselor, but also had Blagojevich’s ear as a lobbyist. But now this longtime advisor and old friend has become one of the most significant cooperators in the government’s efforts to put Blagojevich behind bars.

A friend of the governor for more than a decade, on the day before his arrest Blagojevich told reporters he and Wyma talked football the Wednesday before Thanksgiving.

“You can’t get much closer than they are to each other,” said Rich Miller who runs the Illinois political insider blog Capitol Fox. “[Wyma's] a lobbyist but he’s almost never in Springfield lobbying legislators. He virtually only lobbies the governor at his home in Chicago.”

Wyma could not be reached for comment, despite multiple calls and visits to his office and addresses listed in his name. His attorney, former federal prosecutor Zachary Fardon, who helped put former Illinois Governor George Ryan in jail, said in an email statement today that “There are news stories indicating that my client, John Wyma, is “Individual A” in the criminal complaint against Governor Rod Blagojevich. Mr. Wyma has made efforts to provide federal investigators with truthful information regarding the matters under investigation and will continue to do so. Out of respect for the ongoing process, we are making no further statements related to these matters at this time.”

Individual A
Those efforts began just months ago, in October, when, according to the criminal complaint released in the wake of the governor ‘s arrest Tuesday, Wyma — believed to be the person identified in documents only as Individual A — began talking with the FBI. The timing hardly seems a coincidence: it dovetails with the weeks, according to published accounts, that Wyma was named in a subpoena sent to former client Provena Health. The hospital company had donated money to the governor ‘s campaign shortly after receiving a favorable ruling.

Whatever his role in the hospital donations, Wyma’s cooperation soon proved fruitful to prosecutors. According to the criminal complaint, Wyma is one of the key sources to the source of the tip that Blagojevich is using the final months of the year to raise funds through payoffs before the new state ethics law goes into effect in January. That law would sharply limit any individual or entity with state contracts worth more than $50,000 from donating to the governor’s campaign coffers.”

Read more:

http://abcnews.go.com/Blotter/ConductUnbecoming/story?id=6444648&page=1#.UZ6fhEA3vhI

From the McHenry County blog October 24, 2008.

“Health Facilities Planning Board Controversy Again”

“Last time it was the Mercy Health System’s attempt to obtain the Illinois Health Facilities Planning Board’s approval.

Joseph Levine, Jim Ryan’s biggest fund raiser turned Rod Blagojevich buddy, fixed the favorable outcome after his contractor buddy Jacob Kiferbaum got the nod from Mercy to build the Crystal Lake hospital. Kiferbaum agreed to kick back to Levine and Tony Rezko.

To put it in the words of the U.S. Attorney’s press release on the Tony Rezko indictment:
“Rezko and Levine also were seeking to obtain a kickback of at least $1 million from contractor Jacob Kiferbaum, whose construction company was to build a new facility for Mercy Hospital in Crystal Lake, Illinois, if that facility received approval from the Illinois Health Facilities Planning Board, on which Levine sat.”

In any event, this time the controversy is down the Fox Valley in Elgin and concerns Provena St. Joe’s being granted permission to conduct open heart surgery after hiring John Wyma.

The gist of the Chicago Tribune story by Ray Long and Jeff Coen is that Provena hired Wyma. About a month after having gotten permission to expand its medical service, Provena’s for-profit arm made a $25,000 contribution to Governor Blagojevich’s campaign fund.”

http://mchenrycountyblog.com/category/john-wyma/

 

Obama Justice Dept. seized AP phone records, Obama pals Eric Holder and Tony West, US Attorney or assistant may issue subpoena, West on Obama eligibility court records

Obama Justice Dept. seized AP phone records, Obama pals Eric Holder and Tony West, US Attorney or assistant may issue subpoena, West on Obama eligibility court records

“Why has Obama, since taking the White House, used Justice Department Attorneys, at taxpayer expense,  to avoid presenting a legitimate birth certificate and college records?”…Citizen Wells

“Now, I don’t get upset when foreign and national journalists fail to mention Tony Rezko, or the Daley boys, or how the Chicago machine plans to staff the Department of Justice, and the new Department of Homeland Casinos.”…John Kass, Chicago Tribune July 30, 2008

 “Most disturbing, the dismissal is part of a creeping lawlessness infusing

our government institutions. Citizens would be shocked to learn about the
open and pervasive hostility within the Justice Department to bringing
civil rights cases against nonwhite defendants on behalf of white victims.
Equal enforcement of justice is not a priority of this administration. Open
contempt is voiced for these types of cases.”…J. Christian 
Adams, former USDOJ attorney

From The Blaze May 14, 2013.
“REPORT: DOJ NEEDED HOLDER’S SIGNATURE TO GET AP PHONE RECORDS”

“The Associated Press reported Monday that the Department of Justice had secretly seized two months worth of telephone records from reporters and editors working for the global news organization.

Needless to say, news that the DOJ had secretly obtained AP phone records has rocked the media. As it turns out, people really, really don’t like being spied on or having the feds snoop around their personal information.

This is going to take some explaining.

And it looks like it’ll take a lot more than a “low-level employee” to get U.S. Attorney General Eric Holder out of this tight spot.

See, as the Washington Examiner’s Phillip Klein notes, “it will be harder for President Obama to pin the DOJ’s action on lower level bureaucrats … because requests to subpoena news organization records require the approval of Attorney General Eric Holder.”

From the DOJ’s U.S. Attorneys’ Manual:

The Attorney General’s authorization is normally required before the issuance of any subpoena to a member of the news media or for the telephone toll records of a member of the news media. However, in those cases where the media member or his or her representative agrees to provide the material sought and that material has been published or broadcast, the United States Attorney or the responsible Assistant Attorney General may authorize issuance of the subpoena, thereafter submitting a report to the Office of Public Affairs detailing the circumstances surrounding the issuance of the subpoena….”

Read more:

http://www.theblaze.com/stories/2013/05/14/report-doj-needed-holders-signature-to-get-ap-phone-records/

From Citizen Wells September 25, 2012.

“You were warned.

Beginning in 2008, and especially with the revelations from the Tony Rezko trial, you were warned that Obama would bring his Chicago Pay to Play Politics to Washington, DC.

It has happened. In one of the worst possible places.

The US Justice Department.

One of the latest and best examples is the promotion of Tony West in the USDOJ.

First, a little background on Tony West.

From CNN November 12, 2008.

“Tony West – Friend of Barack Obama – Part One”

“But West is also known as a friend of President-Elect Barack Obama. West met Obama in 2004 and offered to help him should he elect to run for President. When Obama did, he called West and thus began West’s role as Chair of the fundraising committee for Northern California. It also started a round of basketball between the two that’s gone well enough for Obama to give West a pair of his shoes to wear for games.””

“Consider the following timeline.

• Beginning in January 2009, when Obama took control of the White House and Justice Department, he began using USDOJ attorneys, at taxpayer expense, to prevent his birth, college and other records from being released. Prior to then Obama used Robert Bauer of Perkins Coie to keep his records hidden. Tony West is one of those USDOJ attorneys. See list below.
• On January 21, 2009 retired Naval Commander Charles Kerchner, represented by attorney Mario Appuzo, filed a lawsuit against Barack Obama challenging his eligibility for the presidency. “Obama has sealed most of his important documents that would shed light on his true identity and the main stream media has not challenged him as to why he did so.”
• The case was subsequently appealed. A response was given by USDOJ attorneys on March 8, 2010. Tony West was listed at the top of the list. “Plaintiffs’
  alleged grievances regarding President Obama’s constitutional
  qualifications reflect a generalized interest in the proper
  administration of the law “shared by all the American people,”
  App. 10, not a concrete injury particular to plaintiffs. The
  Supreme Court has repeatedly held that Article III standing may
  not be predicated on such injury. Plaintiffs’ attempts to
  aggrandize their harms, based on oaths they have taken to support
  to the Constitution, their heightened interest in constitutional
  principles, or the possibility of future military service, fail.”
• Tony West appeared before the House Judiciary committee on June 24, 2010. ”One of this Subcommittee’s duties and obligations is to oversee the activities of the various components of the Department of Justice over which the Subcommittee has jurisdiction.” “I thank Assistant Attorney General Tony West of California and points west, the head of the Civil Division, for appearing before us today and to report on the division’s recent activities.” As you can already see, this is like questioning the fox on recent activity in the hen house.
• Mr. West made a number of statements that you will find interesting:”Since assuming this position in April 2009, I have focused on three main priorities for the Civil Division: Protecting the American people, protecting taxpayer dollars, and protecting the Nation’s consumers.””The Civil Division is vigorously defending the Affordable Care Act health care reform statute against multiple lawsuits brought on constitutional and other grounds.””The President has pledged to make this Administration the most open and transparent in history, and the department is doing its part to make that pledge a reality.”  Read more below.
• On September 20, 2012 Obama nominated Tony West to be the full time number 3 position in the USDOJ.

Anybody see a problem here? A conflict of interest!

CHICAGO PAY TO PLAY POLITICS.

Obama’s use of Tony West, a friend and fundraiser, to assist him, in cooperation with other USDOJ attorneys, in eligibility lawsuits and in keeping his records hidden, is a clear conflict of interest. This was further exacerbated by West representing the USDOJ before the House Judiciary Committee on June 24, 2010. Obama’s nomination of Tony West to a full time position as the number 3 position in the USDOJ is a clear case of Obama’s continued Chicago pay to play politics of reward your crony, put them in a power position and use them to protect and further your agenda.

Our checks and balances have been destroyed by the Obama camp. We no longer have a viable US Justice Department. Congress and the Judiciary Committee have failed to do their job and we have the most corrupt person ever to occupy the White House.

We cannot immediately remove members of congress or the Judiciary Committee, but we can contact them, voice our disgust and let them know that history will not view them kindly. The members of the Judiciary Committee can be found in the document below.”

Read more:

http://citizenwells.wordpress.com/2012/09/25/obama-corrupts-us-justice-department-chicago-style-tony-west-promotion-classic-obama-pay-to-play-west-and-usdoj-complicit-with-obama-hiding-records-and-eligibility/

Tony West represented Barack Obama as a defense attorney, at taxpayer expense, to help Obama keep his records hidden and violate the US Constitution. Here is one small example.

“Case: 09-4209 Document: 003110049041 Page: 1 Date Filed: 03/08/2010″

“CHARLES KERCHNER, JR., et al.,
Plaintiffs-Appellants,
v.
BARACK OBAMA, et al.,”

“ON APPEAL FROM THE UNITED STATES DISTRICT COURT
FOR THE DISTRICT OF NEW JERSEY
________________________
BRIEF FOR DEFENDANTS-APPELLEES”

“TONY WEST
Assistant Attorney General”

“Plaintiffs’
alleged grievances regarding President Obama’s constitutional
qualifications reflect a generalized interest in the proper
administration of the law “shared by all the American people,”
App. 10, not a concrete injury particular to plaintiffs. The
Supreme Court has repeatedly held that Article III standing may
not be predicated on such injury. Plaintiffs’ attempts to
aggrandize their harms, based on oaths they have taken to support
to the Constitution, their heightened interest in constitutional
principles, or the possibility of future military service, fail.”

Obama update May 3, 2013, Jobs, Birth Certificate, Records, Chicago corruption court cases, Muslim Saudi ties, Benghazi, Fast & Furious, Gunrunner vs gun control

Obama update May 3, 2013, Jobs, Birth Certificate, Records, Chicago corruption court cases, Muslim Saudi ties, Benghazi, Fast & Furious, Gunrunner vs gun control

“Why has Obama, since taking the White House, used Justice Department Attorneys, at taxpayer expense,  to avoid presenting a legitimate birth certificate and college records?”…Citizen Wells

“Khalid Al-Mansour was “raising money” for Obama.”
“Khalid Al-Mansour was trying to help Obama get into Harvard Law School.”…Percy Sutton

“With a 63.7% labor force participation, “conditions in the labor market are considerably worse than indicated” in July’s report”…economist Joshua Shapiro, WSJ August 3, 2012

Jobs

The (stated) unemployment rate for April is 7.5 percent.
The labor force participation rate is 63.3 percent. That is  2.8 percent lower than when Obama took office.

ADP just reported that 119,000 private sector were added in March. 150,000 were forecast.
The number of people with part time jobs is growing. A direct result of the economy and Obamacare.
Perhaps the best indicator is the fact that 20 %, 1 out of 5 Americans are on food stamps.

Birth Certificate.

A challenge to Obama being on the ballot in Alabama is scheduled to be before the Alabama Supreme Court headed by Judge Roy Moore. It is believed that the Sheriff Joe Arpaio investigation and investigator Mike Zullo will cooperate in the court case.

Records

Obama has still not released his college records.
We know that Saudi ties helped him enter Harvard. His college records should be interesting. Remember, he bowed to the saudi king.

Chicago corruption court cases

Blagojevich appeal.

It is believed that Blagojevich attorney Lauren Kaeseberg requested an extension to file an opening brief. She has not returned my email request.

FDIC vs Amrish Mahajan, et al.

This is the bank that loaned Rita Rezko the money for the lot purchase that was subsequently sold in part to the Obamas. The lawsuit is still open.

Benghazi

Whistleblowers have come forward. Obama has denied attempts to silence them.
A senior US law enforcement official stated that 3 or 4 members of al Qaeda took part in the attack.
The internal panel that probed the Benghazi attack is under investigation.

Gunrunner vs gun control

Obama may be fairing better with Project Gunrunner than he is at federal attempts at gun control.
However, several states are moving forward with legislation.

Penny Pritzker nominated for Commerce secretary, Obama pay to play crony, Hyatt Hotels family, Pritzker headed failed Superior Bank, Role in sub prime crisis, Obama campaign finances

Penny Pritzker nominated for Commerce secretary, Obama pay to play crony, Hyatt Hotels family, Pritzker headed failed Superior Bank, Role in sub prime crisis, Obama campaign finances

“We intend to close loopholes that allowed big financial firms to trade risky financial products like credit defaults swaps and other derivatives without
oversight; to identify system-wide risks that could cause a meltdown; to strengthen capital and liquidity requirements to make the system more stable; and to ensure that the failure of any large firm does not take the entire economy down with it. Never again will the American taxpayer be held hostage by a bank
that is “too big to fail.”…Barack Obama

“Democratic presidential contender Barack Obama says he’ll crack down on fraudulent sub-prime lenders. If he really means it he can start by firing his campaign finance chair, Penny Pritzker. Before taking over Obama’s campaign finances, she headed up the borderline shady and failed Superior Bank. It collapsed in 2002. The bank’s sordid story and its abominable role in fueling the sub-prime crisis are well known and documented. It engaged in deceptive and faulty lending, questionable accounting practices, and charged hidden fees. It did it with the sleepy-eyed see-no-evil oversight of federal. It made thousands of dubious loans to mostly poor, strapped homeowners. A disproportionate number of them were minority.

Obama’s home state, Illinois, ranked near the top of thee states in the percentage of sub-prime mortgages. Nearly 15 percent of home loans were sub-prime according to the Mortgage Bankers Association. But that only tells part of the tale. According to the Woodstock Institute, a Chicago non-profit that studies housing issues, the sub-prime fall-out was far higher in the predominantly black and Latino neighborhoods of South and Southwest Chicago.

The predictable happened when many of those lost their homes. When the bank collapsed Pritzker and bank officials skipped away with their profits and reputations intact. Aside from the financial and personal misery sub prime lenders caused the thousands of distressed homeowners, sub-prime lending has been a major cause of the housing crisis in many areas, and has dealt a sledgehammer blow to the economy. Obama has said nothing about Pritzker, Superior Bank, or their dubious practices.”…Huffington Post, February 29, 2008

“One could make the argument that Pritzker was the most important person in Barack Obama’s presidential bid – except, perhaps, for Obama himself. A longtime Obama friend, Pritzker was national finance chairwoman for the Obama campaign throughout his 2008 presidential effort. She helped him raise a record $750 million from a dizzying array of donors.
Obama’s huge fundraising advantage not only gave him clout during the primaries against Sen. Hillary Rodham Clinton (D-N.Y.), but also provided the means to bypass federal funding for the general election and dramatically outspend Sen. John McCain (R-Ariz.)…Washington Post 

From the Chicago Tribune May 2, 2013.

“Penny Pritzker nominated for Commerce secretary”

“Making official what many Democrats have expected for weeks, President Barack Obama has nominated Chicago business executive Penny Pritzker, a longtime political supporter and heavyweight fundraiser, as his new Commerce secretary this morning.

Pritzker’s nomination could prove controversial. She is on the board of Chicago-based Hyatt Hotels Corp., which was founded by her wealthy family and has had rocky relations with labor unions, and she could face questions about the failure of a bank partly owned by her family.

With a personal fortune estimated at $1.85 billion, Pritzker is listed by Forbes magazine among the 300 wealthiest Americans.

If the nomination is confirmed by the Senate, Pritzker would become the first member of her influential family to hold a top-level political office, creating an opportunity to make a name for herself apart from the leadership roles she has played within the family’s many businesses, which in recent years were divested.    

At its peak the Pritzker empire included a bank, a credit reporting agency, an industrial conglomerate, residential developments from coast to coast and the Hyatt Hotel chain, founded by her uncle Jay.

Penny Pritzker runs PSP Capital Partners, an investment firm, and its affiliated real estate investment firm, Pritzker Realty Group. She played an influential role in Obama’s rise from Illinois state senator to the nation’s 44th president, serving as his national finance chair in his first campaign for the White House and co-chair of his reelection campaign.

Obama, in announcing Pritzker’s appointment from the White House Rose Garden, heralded her as “one of the country’s most distinguished business leaders” with more than 25 years experience in real estate, finance and the hospitality industry.”

“The White House conducted an in-depth review of Pritzker’s background in preparation for the confirmation hearings. A senior administration official who asked not to be identified in order to talk about internal White House discussions said the administration concluded Pritzker was “definitely confirmable.”

The president’s vetting attorneys went carefully through her lengthy list of investments and assets, noting what the official called her “rigorous and diligent and thorough” participation in the process.”

“She could also face scrutiny over the collapse of Superior Bank, which was co-owned by her family. The bank, based in Hinsdale, Ill., was involved in subprime mortgage lending, and its failure in 2001 stirred charges of fraud and mismanagement.”

“A major donor to Obama, Pritzker has given hundreds of thousands of dollars to Democrats and their state parties across the U.S. During Obama’s 2008 run for the White House, she was a campaign “bundler” who encouraged friends and associates to give and raised between $200,000 and $500,000 for him that cycle, according to the Center for Responsive Politics

Pritzker also was an Obama bundler during the 2012 race, raising at least a half-million dollars for his re-election. And as co-chair of Obama’s first inauguration, Pritzker just gave $250,000 to help pay for his second one in January, federal reports show.”

Read more:

http://www.chicagotribune.com/news/chi-penny-pritzker-commerce-secretary-20130502,0,4841795.story

From Citizen Wells February 23, 2012.

More on Obama’s 2008  National Finance Chairwoman and economic advisor Penny Pritzker.

From Consortium News February 28, 2008.

“Though Superior Bank collapsed years before the current sub-prime turmoil that is rocking the world’s financial markets – and pushing those millions of homeowners toward foreclosure – some banking experts say the Pritzkers and Superior hold a special place in the history of the sub-prime fiasco.

“The [sub-prime] financial engineering that created the Wall Street meltdown was developed by the Pritzkers and Ernst and Young, working with Merrill Lynch to sell bonds securitized by sub-prime mortgages,” Timothy J. Anderson, a whistleblower on financial and bank fraud, told me in an interview.

“The sub-prime mortgages,” Anderson said, “were provided to Merrill Lynch, by a nation-wide Pritzker origination system, using Superior as the cash cow, with many millions in FDIC insured deposits. Superior’s owners were to sub-prime lending, what Michael Milken was to junk bonds.”

In other words, if you traced today’s sub-prime crisis back to its origins, you would come upon the role of the Pritzkers and Superior Bank of Chicago.”

http://www.consortiumnews.com/2008/022708a.html

From Chicago Magazine December 2002.

“”They were always more interested in building an empire than in getting their name in the newspaper,” says Patrick Foley, formerly president of Hyatt Hotels Corporation. “They just didn’t enjoy that kind of notoriety.”

Last year, however, the Pritzkers found themselves most uncomfortably in the public eye after the stunning collapse of Superior Bank, the Oakbrook Terrace–based savings and loan they jointly owned with the New York real estate developer Alvin Dworman. The institution’s failure is “a tale of gross mismanagement,” says George Kaufman, a finance professor at Loyola University Chicago. “[Superior] was engaged in relatively unethical practices, fancy-footwork accounting, playing it very close to the edge.” Kaufman says many share in the blame for the mess-the bank’s managers, directors, and auditors, as well as banking regulators-but he also wonders how the Pritzkers, as co-owners, could have allowed it to happen. “One of the great mysteries to me is what the Pritzkers were up to, why they took these chances,” he says. “It makes no sense given their wealth and visibility.””

“The family’s most agonizing setback, however, was the stunning collapse last year of the once high-flying Superior Bank. The thrift had come into the Pritzker fold in 1988, when Jay Pritzker and Alvin Dworman-old social friends and partners in several past business ventures-put up $42.5 million for the insolvent Lyons Savings Bank, as it was then called, in return for an estimated $645 million in federal tax credits and loan guarantees. (By one estimate, it would have cost the government $200 million less simply to shut Lyons down.) Although Dworman had agreed to run the renamed Superior Bank out of his New York office, Jay deputized his niece Penny-a Harvard educated go-getter who had just earned her law degree and M.B.A. from Stanford-to help keep tabs on the investment. She served as chairman of Superior from 1989 to 1994, long enough for the bank to regain its financial health and embark on an aggressive new strategy, making high-interest home and auto loans to people with bad credit. For a time, that strategy appeared to work like a charm, yielding big profits-and large dividends for the Pritzkers and Dworman.

In reality, Superior was spiraling into ruin. Although the details are complicated, the bank’s fall stemmed from a risky business strategy and from poor oversight by the bank’s directors, according to investigations by banking regulators. Superior became heavily concentrated in high-risk assets connected with its subprime lending business, and then used “unrealistic and overly optimistic assumptions” to record the value of those assets, according to a report by the inspector general of the Federal Deposit Insurance Corporation. In language redolent of the corporate accounting scandals that have rocked Wall Street recently, the report adds that by using “liberal interpretations of accounting principles” Superior was able to “report impressive net income figures that masked the net operating losses the institution was actually experiencing.” Those phony “profits,” by the way, allowed Coast-to-Coast Financial Corporation, the holding company owned jointly by the Pritzkers and Dworman, to collect more than $200 million in dividends from 1993 to 1999-money the bank desperately could have used as it tottered toward insolvency.

After the Pritzkers and Dworman failed in July of last year to follow through on a plan to inject $270 million into the bank, Superior was seized by the Office of Thrift Supervision and eventually placed in receivership under the FDIC. Last December, to avoid being punished for Superior’s failure, the Pritzkers agreed to pay the FDIC $460 million while admitting no wrongdoing. Because $360 million of that payment was to be spread out interest free over 15 years, the settlement was worth an estimated $335 million in today’s dollars. But that won’t cover all the damage. Even with the settlement, Superior’s failure is expected to cost the federal thrift insurance fund an estimated $440 million.

Meanwhile, the Pritzkers still have not put their Superior troubles entirely behind them. Tom and Penny Pritzker are defendants (along with Dworman, several officers and directors, and the bank’s auditor, Ernst & Young) in a federal civil racketeering suit brought on behalf of Superior’s uninsured depositors (those with deposits in excess of the federally insured $100,000). Although the 1,400 uninsured depositors so far have recovered about 55 percent of the more than $65 million they lost in the collapse, they are still out almost $30 million, according to Clint Krislov, the lawyer for the plaintiffs. By contrast, the Pritzkers may not have fared so badly. Counting the tax credits and deductions they originally received and the dividends they collected over the years, “they appear not to have lost money on the deal,” Krislov says. (A source close to the family says the Pritzkers did lose money in Superior, and asserts that the lawsuit is without merit.)

* * *
The Superior scandal stained virtually everyone connected with it-the bank’s managers and directors, the accountants who signed off on its financial statements, the banking regulators who failed to act aggressively as early as the mid-nineties, when Superior’s problems were fast becoming apparent, and, of course, the owners. As the fallout spread, the Pritzkers worked feverishly to control the damage. They claimed that they had been “passive investors” while Dworman’s people ran the show (Dworman said the Pritzkers shared in the blame). They also made the case that Superior’s auditor had continued to give favorable opinions on the bank’s accounting over the years. On that score, the Pritzkers appeared to gain some vindication in early November of this year when the FDIC sued Ernst & Young for fraud in its audit of Superior, and sought at least $2.19 billion in punitive and compensatory damages. (Ernst & Young denied responsibility for Superior’s collapse and said it would vigorously fight the charges.)

To some, however, the Pritzkers were hardly the innocents they made themselves out to be. The family, after all, controlled half the board seats of the bank’s holding company, which benefited from all that dividend income, and the Pritzker Organization’s chief financial officer, Glen Miller, chaired the bank’s audit committee. Although Penny had stepped down as the bank’s chairman in 1994, she remained a director of its holding company.

“No one should have had any illusions about what was going on,” says Bert Ely, a banking consultant in Alexandria, Virginia, who tracked the Superior story. “[Superior] was reporting gains that were unrealistically high, which allowed [it] to pay big dividends [to the Pritzkers and Dworman]. It was a lot like Enron and WorldCom-reporting profitability that wasn’t there. Their financial people should have been able to figure that out. If they truly didn’t understand the bank’s fundamentally unworkable business model, then the Pritzkers have bigger problems than Superior.”

The Pritzkers said in a statement that the settlement was simply “the right thing to do,” reflecting the family’s “historical commitment to stand behind their investments.” That may have been true. But it also entitles them to 25 percent of any sum the government collects in its $2.19-billion suit against Ernst & Young. Beyond that, the settlement made an ugly story go away. “I am convinced that the Pritzkers wanted to get their name off the front page,” says Ely. “They had stepped into a pile of horse manure, and they were highly embarrassed.””

http://www.chicagomag.com/Chicago-Magazine/December-2002/Tremors-in-the-Empire/

http://citizenwells.wordpress.com/2012/02/23/penny-pritzker-obama-2008-national-finance-chairwoman-economic-recovery-advisory-board-skills-for-americas-future-obama-council-for-jobs-and-competitiveness-superior-bank-origin-of-sub-pr/

Blagojevich appeal opening brief April 25, 2013, Or more delays?, Attorneys Goodman and Kaeseberg, What were Obama and Blagojevich discussing in 2008?

Blagojevich appeal opening brief April 25, 2013, Or more delays?, Attorneys Goodman and Kaeseberg, What were Obama and Blagojevich discussing in 2008?

“Why wasn’t Rod Blagojevich, Governor of IL, prosecuted before Tony Rezko, a businessman?”…Citizen Wells

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

“Regardless of how this plays out, it benefits Obama. If there is no appeal or the appeal is denied, Blagojevich will be sequestered. If the appeal proceeds, it could drag out beyond impacting the 2012 election cycle. The intent is obvious.”…Citizen Wells, July 19, 2011

Barack Obama has been protected from the beginning of the prosecution in “Operation Board Games” involving a host of Obama Chicago corruption cronies such as Tony Rezko, Stuart Levine and of course Rod Blagojevich.

From FBI wiretaps of Blagojevich on November 12, 2008.

“this guy is more Tony’d up than I am. …. they got the Chicago media to f…ing make me wear Rezko more. To f…ing dilute it from him”

“BLAGOJEVICH: You know, Axelrod and Obama’s people, you know, clearly turned, you know, got the Chicago media to make Rezko all about me. And hardly about…

HARRIS: Yeah, in other words, they focus their,they focus their attention on you. They couldn’t make it go away so the bes-, next best strategy is deflect it.

BLAGOJEVICH: Right.

HARRIS: This is somewhere where it, it’ll satisfy the, the hunger of the beast, being the media.

BLAGOJEVICH: Right, right.

HARRIS: Yeah, it makes sense. It’s not a stretch. If I’m, if I’m his message advisor, media advisor or whatever, operative, yeah I’m gonna try to feed the beast by giving ‘em something else to eat on.”

What were Obama and Blagojevich discussing just after the 2008 election?

And…..

“Why wasn’t Rod Blagojevich, the Governor of Illinois, wiretapped at least by 2005 when it was known in 2003 that there was widespread corruption in his administration?”

From Politico March 15, 2013.

“And next up for the former governor, Goodman said, is his case on appeal in the 7th Circuit. Blagojevich’s opening brief is due April 25, Goodman noted.

“He is hopeful that his appeal will be successful and that his conviction will be overturned,” Goodman wrote.”

“Goodman, meanwhile, said he is currently busy working his way through thousands of pages of trial transcript as he works on Blagojevich’s appeal.”

http://www.politico.com/story/2013/03/rod-blagojevich-jail-88904.html?hp=r6

From Chicago CBS local September 14, 2012.

“Attorneys Think Blagojevich’s Sentence Will Be Reversed On Appeal”

“Attorneys in the first trial of former Gov. Rod Blagojevich still keep in touch with him, and think his sentence will be reversed on appeal if the case ever gets there.

As WBBM Newsradio’s Alex Degman reports, the team of Sam Adam Jr. and his father, Sam Adam Sr., say the Blagojevich appeal is taking forever to get to court.

LISTEN: WBBM Newsradio’s Alex Degman reports
“We’re just waiting to get to the appeal,” Adam Jr. said. “I don’t know if you guys know this, that the appellate record has not been made yet. We still do not have the transcripts. It’s been two years since our trial, and a year since the second trial.”
Adam Sr. says there is a good chance the former governor will be freed if all the evidence is presented.

“The judge would not let him play his tapes… there had tapes in both trials that would have established his innocence. The judge wouldn’t let us play them,” he said.”

http://chicago.cbslocal.com/2012/09/14/attorneys-think-blagojevichs-sentence-will-be-reversed-on-appeal/

Obama news April 15, 2013, Chicago corruption and TUCC ties haunt Obama, Jacob Kiferbaum Blagojevich Rezko Mutual Bank Jeri Wright, Obama’s ghosts will not go away

Obama news April 15, 2013, Chicago corruption and TUCC ties haunt Obama, Jacob Kiferbaum Blagojevich Rezko Mutual Bank Jeri Wright, Obama’s ghosts will not go away

“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

“He kept his eye on the young guys coming up in Trinity,” she said, “and if he spotted someone that acted or looked gay, then Wright would give them kind of a guidance counselor-type direction on how to keep down low – how to do the things they wanted to do, but then also getting married and looking ‘respectable’ – being part of black society.”...WND October 2, 2012

“Why did Donald Young, Bill Gwatney, Christopher Kelly, Andrew Breitbart and others with information about Obama all die under mysterious circumstances?”…Citizen Wells

April or perhaps spring 2013 could be the perfect storm of Obama’s Chicago corruption and TUCC ghosts returning to haunt him and keep alive the sordid mess he came from. The spectre of his oft hidden past.

On April 10, 2013 we learned that Building contractor Jacob Kiferbaum plead guilty to attempted extortion in an amended plea deal. Kiferbaum was indicted in 2005.

Then we learn that Jeri Wright, the daughter of Jeremiah Wright, Obama’s pastor at TUCC, was indicted. She was a deacon in 2007 when Obama was attending and when the gay choirmaster Donald Young was murdered.

From Citizen Wells April 14, 2013.

“Another indictment returned today charges Jeri L. Wright, 47, of Hazel Crest, Ill., with money laundering (two counts), making false statements to federal law enforcement officers (two counts), and giving false testimony before a grand jury (seven counts), related to the investigation of the alleged fraudulent use of grant funds.”

“PASTORAL/PROGRAM STAFF”

“Deacon Jeri L. Wright, Director of Media”

“The Down Low Club at Trinity “doesn’t have meetings, and it isn’t like the Rotary Club,” a source identified for this article as “Carolyn” explained to a WND investigator in Chicago.

“It was more that Wright served as a matchmaker,” said Carolyn, a 20-year member of Trinity who has played a role in church administration and knows the Obamas personally.”

““That’s what Wright did for Obama,” she claimed. “He connected Obama in the community, and he helped Obama hide his homosexuality.””

“I’m still scared to discuss any of this,” Carolyn said.

“At Trinity, if you even hint at talking about Obama being gay, you are reminded of our dear departed choir director,” she said. “He was killed, and it wasn’t a robbery. The Christmas presents weren’t touched. The TV was not taken, nothing in the apartment was missing.”

Carolyn’s reference was to Donald Young, the 47-year-old homosexual choirmaster at Trinity who died of multiple gunshot wounds in his Chicago apartment Dec. 24, 2007.”

Read more:

http://citizenwells.wordpress.com/2013/04/14/obama-tucc-down-low-past-connections-jeri-wright-indictment-donald-young-murder-jeremiah-wright-arranged-marriages-for-gay-members/

I’ll bet you have not read the following connection between Jacob Kiferbaum and Obama at the mainstream media.

From the Blagojevich Evidentiary Proffer.

“Illinois Health Facilities Planning Board Kickback
“The Illinois Health Facilities Planning Board (the “Planning Board”) is a commission of the State of Illinois, established by statute, whose members are appointed by the Governor of the State of Illinois. During the relevant time period, the Planning Board consisted of nine individuals. State law required an entity seeking to build a hospital, medical office building, or other medical facility in Illinois to obtain a permit, known as a “Certificate of Need” (“CON”), from the Planning Board prior to beginning construction.

Rezko was able to obtain significant influence over the affairs of the Planning Board by arranging for Blagojevich to appoint five of Rezko’s associates and/or friends, including Levine, as members of the Planning Board in 2003. Rezko and Levine subsequently agreed to use their influence over the Planning Board to obtain a kickback of at least $1 million from a contractor, Jacob Kiferbaum, who wanted the Planning Board to award Mercy Hospital a CON to build a new
hospital. Rezko and Levine were able to arrange for Mercy Hospital to receive its CON at the April 2004 Planning Board meeting, but their scheme was interrupted by the FBI before any kickback was paid”

http://www.scribd.com/doc/125889580/Blagojevich-Evidentiary-Proffer

Obama was chairman of the IL Senate Committee which reduced the members of the Health Planning Board from 15 to 9 thus allowing the board to be rigged with a 5 member majority.

From Citizen Wells July 27, 2011.

“Jan. – Aug. 2003:  Obama was Chairman of the IL Senate Health and Human Service Committee.
Feb. 20, 2003: Senate Bill 1332 “Illinois Health Facilities Planning Act” filed. Reduced members of IL Health Planning and Facilities Board from 15 to 9.

(Rezko Trial March 13, 2008; 3:09 p.m.)

“Almanaseer was appointed to the planning board in 2003 on Rezko’s recommendation. Prosecutors contend he became part of a five-member voting bloc on the board that followed Rezko’s wishes. Almanaseer said board Chairman Thomas Beck tried to steer his voting.

“He said, ‘If you just don’t know which way to vote, vote the way Mr. Levine votes because that’s the way Tony would want the vote to go,” Almanaseer recalled, referring to Stuart Levine.”

Spring 2003 – Nov 2003: (Rezko trial March 11, 2008; 10:58 a.m.)

“Jennifer Thomas, a former aide to Gov. Rod Blagojevich’s patronage chief Joe Cini, continued on the stand Tuesday morning and gave a few more insights into those regular Monday morning meetings she and Cini held in 2003 with Antoin “Tony” Rezko at his office.”

“Thomas said Rezko floated the names of several people to sit on the Illinois Health Facilities Planning Board, which the government claims Rezko corrupted with the help of board member Stuart Levine. And Thomas said Rezko at one point made it clear that he wanted to see Levine reappointed to the panel, which was being overhauled by the governor in 2003.”
May 21, 2003: Senate Bill 1332 passed by House and Senate.
June 27, 2003: Blagojevich made this the effective date of Senate Bill 1332.
June 2003: (Rezko trial March 10, 2008; 4:16 p.m.)

“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.”

http://citizenwells.wordpress.com/2011/07/27/obama-past-surfaces-again-health-facilities-planning-board-rigging-pam-davis-listening-device/

The long delayed prosecution of Rod Blagojevich and subsequent delay of his appeal should achieve another milestone this month.

“Blagojevich’s appellate lawyer Len Goodman — who, along with attorney Lauren Kaeseberg, is working on the appeal — told POLITICO that Blagojevich’s family visits him “as often as they can make the trip” to Englewood, a low-security facility in Littleton, Colo.”

“And next up for the former governor, Goodman said, is his case on appeal in the 7th Circuit. Blagojevich’s opening brief is due April 25, Goodman noted.

“He is hopeful that his appeal will be successful and that his conviction will be overturned,” Goodman wrote.”

“Goodman, meanwhile, said he is currently busy working his way through thousands of pages of trial transcript as he works on Blagojevich’s appeal.””

Read more:

http://www.politico.com/story/2013/03/rod-blagojevich-jail-88904.html?hp=r6

And yes folks, the fallout from the Obama Rezko lot transaction and associated chicanery is not over. The FDIC lawsuit against Amrish Mahajan and Mutual Bank is still alive.

http://dockets.justia.com/docket/illinois/ilndce/1:2011cv07590/261603/

Read more:

http://citizenwells.wordpress.com/2012/10/25/obama-rezko-lot-transaction-bank-president-mahajan-fdic-lawsuit-motion-hearing-october-25-2012-judge-virginia-m-kendall-rezkos-sold-lot-to-obamas/

Despite what you may have read or heard about the Obama house and lot purchase and not requiring the Rezko’s assistance, the house and lot had to close at the same time and the Rezko’s made it work with the help of Iraqi billionaire Nadhmi Auchi and his wife under highly suspicious circumstances.

Lot’s of spirits and lot’s of opportunities for revelations.

Blagojevich appeal update, One year prison anniversary, Appeal opening brief April 25, 2013, Attorneys Goodman and Kaeseberg, 7th Circuit Court of Appeals

Blagojevich appeal update, One year prison anniversary, Appeal opening brief April 25, 2013, Attorneys Goodman and Kaeseberg, 7th Circuit Court of Appeals

“Why wasn’t Rod Blagojevich, Governor of IL, prosecuted before Tony Rezko, a businessman?”…Citizen Wells

“Why did Colin Powell allow Patrick Fitzgerald to be pulled away from the Blagojevich prosecution?”…Citizen Wells

“Why wasn’t Rod Blagojevich, the Governor of Illinois, wiretapped at least by 2005 when it was known in 2003 that there was widespread corruption in his administration?”…Citizen Wells

Today, March 15, 2013 is the one year anniversary of Rod Blagojevich’s 14 year prison sentence.

From Politico March 15, 2013.

“A year in prison, Rod Blagojevich in good spirits”
“It’s been a year since Rod Blagojevich entered a federal prison in Colorado to start serving his 14-year sentence for corruption — and his attorney says while the former Illinois governor misses his family, he remains in “good spirits” and is “hopeful” the conviction will be overturned.

Blagojevich’s appellate lawyer Len Goodman — who, along with attorney Lauren Kaeseberg, is working on the appeal — told POLITICO that Blagojevich’s family visits him “as often as they can make the trip” to Englewood, a low-security facility in Littleton, Colo.”

“And next up for the former governor, Goodman said, is his case on appeal in the 7th Circuit. Blagojevich’s opening brief is due April 25, Goodman noted.

“He is hopeful that his appeal will be successful and that his conviction will be overturned,” Goodman wrote.”

“Goodman, meanwhile, said he is currently busy working his way through thousands of pages of trial transcript as he works on Blagojevich’s appeal.”

Read more:

http://www.politico.com/story/2013/03/rod-blagojevich-jail-88904.html?hp=r6

Still wondering what Obama and Blagojevich were discussing shortly before Blagojevich was arrested in 2008.

And…..

“Why wasn’t Rod Blagojevich, the Governor of Illinois, wiretapped at least by 2005 when it was known in 2003 that there was widespread corruption in his administration?”

Patrick Fitzgerald University of Chicago Law School, National security law program course, Obama Senior Lecturer, Corruption comes full circle

Patrick Fitzgerald University of Chicago Law School, National security law program course, Obama Senior Lecturer, Corruption comes full circle

“Why wasn’t Rod Blagojevich, Governor of IL, prosecuted before Tony Rezko, a businessman?”…Citizen Wells

“Why did Colin Powell allow Patrick Fitzgerald to be pulled away from the Blagojevich prosecution?”…Citizen Wells

“Why wasn’t Rod Blagojevich, the Governor of Illinois, wiretapped at least by 2005 when it was known in 2003 that there was widespread corruption in his administration?”…Citizen Wells

Get involved in Chicago and Illinois corruption and apparently you are a shoe in for a job at the University of Chicago Law School.

From The National Law Journal March 6, 2013.

“University of Chicago lands Fitzgerald for teaching job”

“Patrick Fitzgerald, the high-profile former U.S. attorney, is heading
to the University of Chicago Law School.

He has been named the inaugural Feirson Distinguished Lecturer at the
school and will teach one course per year, beginning with a national
security law program this spring.

“Pat Fitzgerald is one of the most respected and skilled attorneys of
his generation,” dean Michael Schill said. “No one has done more to
bring honor to the legal profession—especially in Chicago—than Pat.
His unimpeachable ethics, his extraordinary brilliance and his
astounding work ethic make him one of the finest public servants this
country has ever known.”

Fitzgerald joined Skadden, Arps, Slate, Meagher & Flom as a partner in
October following a decade as the U.S. attorney for the Northern
District of Illinois. In that post, he oversaw the successful
corruption prosecutions of former Illinois governors Rod Blagojevich
and George Ryan. As a special prosecutor in the Valerie Plame leak
case, he secured the conviction of Lewis “Scooter” Libby, an aide to
former Vice President Dick Cheney, on counts including obstruction of
justice and perjury.”

http://www.law.com/jsp/nlj/PubArticleNLJ.jsp?id=1202591160695&University_of_Chicago_lands_Fitzgerald_for_teaching_job&slreturn=20130210145717

Patrick Fitzgerald is either clueless, biased and/or corrupt.

Fitzgerald aggressively prosecuted Republican Governor of Illinois George Ryan and then aggressively attacked Scooter Libby and Karl Rove, unjustly, and with the knowledge by Colin Powell and others that they were innocent of the leak in the Valerie Plame case.

All the while Fitzgerald delayed the prosecution of Rod Blagojevich until after the 2008 election.

Barack Obama was a Senior Lecturer at the University of Chicago Law School.

The new Citizen Wells question that begs an answer is:

“Why wasn’t Rod Blagojevich, the Governor of Illinois, wiretapped at least by 2005 when it was known in 2003 that there was widespread corruption in his administration?”