McCain Campaign General Co-Chair At Heart Of Foreclosure Crisis

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McCain Campaign General Co-Chair At Heart Of Foreclosur... - 5/28/2008 10:41:54 AM

SugarMyChurro

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McCain Campaign General Co-Chair At Heart Of Foreclosure Crisis
http://www.crooksandliars.com/2008/05/27/breaking-mccain-campaign-general-co-chair-at-heart-of-foreclosure-crisis/

In 1999, the Gramm-Leach-Bliley Act, which McCain voted for, broke down the decades-old wall separating commercial banks, heavily regulated… from the wild and woolly world of investment banking… a wall erected in 1933 to prevent a repeat… of the Great Depression.
...
McCain has hinted he might make Gramm his Treasury Secretary.

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Isn't this sometimes charmingly referred to as the foxes guarding the hen house?

A vote for McCain sounds like a great way to destroy the country more quickly. Maybe something better will rise from its ashes...

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RE: McCain Campaign General Co-Chair At Heart Of Forecl... - 5/28/2008 11:06:06 AM

Mercnbeth

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Playing the "I have no reason to vote for a candidate so I'll try to connect the other to something bad" Game?

Okay - I'm 'in'! I'll see your Gramm and raise you a Rezko.

quote:

June 15, 2005:

Obama purchases home from Fredric Wondisford and Sally Radovick for $1.65 million

The purchase is $300,000 less than the asking price

On the same day, Rita Rezko - Antoin's wife - buys plot next door for $625,000 asking price

During the six months following the purchase:

The Obamas look into putting up a fence between their property and Rezko's: consult with attorney, architect, city about regulations and permits

July 15, 2005:

"On July 15, 2005, a city landmarks deputy commissioner, Brian Goeken, sent a long e-mail to Michelle Obama saying he had gone out one evening to look at the house. He listed suggestions for obtaining a permit for the fence."

September 1, 2005

The Chicago Tribune reports that Rezko has been subpoenaed in investigation of scheme involving the state teachers' pension system (Chicago Tribune, September 1, 2005).

December 31, 2005

The Chicago Tribune reports that federal investigators have subpoenaed "the tollway authority for information about oases contracts with links to key political insiders" - including Rezko (Chicago Tribune December 31, 2005).

Sometime before January 2006:

The Obamas have a portion of Rezko's yard appraised

The appraiser "estimated the 1,500-square-foot portion at a market value of $40,500." Obama says later that he bought it for "$104,500, or a sixth of their original $625,000 purchase price, because he was acquiring a sixth of their land."

January 2006:

Rita Rezko sells the Obamas one-sixth of her lot for $104,500

Rezko obtains a fence permit to build a fence between the Obama and Rezko properties

May 5, 2006

In a story about a bank's lawsuit against Rezko over a bank loan, the Chicago Sun-Times reports that "Rezko's name also has surfaced as federal investigators probe whether state pension contracts were steered to companies contributing to Blagojevich's campaign" but that "Rezko has not been charged in or identified as the target of any criminal investigations" (Chicago Sun-Times, May 5, 2006).

October 12, 2006

Rezko indicted for fraud

October 13, 2006

The Obama campaign says that it will return $11,500 in donations from Rezko (Chicago Sun-Times, Oct 13, 2006)

November 1, 2006:

The Chicago Tribune first reports on Obama home purchase: "Rezko owns vacant lot next to Obama's home"

November 2006

Obama answers questions about the home purchase in the Chicago Sun-Times

December 14, 2006

In a Chicago Tribune article about the possibility of an Obama presidential run, Obama talks about the purchase of a portion of Rezko's yard (Chicago Tribune, December 14, 2006):

Source: http://www.talkingpointsmemo.com/rezkotimeline.php

Granted the comparison isn't that similar because as a convicted felon he may not pass Congressional scrutiny should he be nominated for a cabinet post. Then again, as with his trial, the jury is still out on that one.

This is fun! Anybody want to put a similar Clinton confidant in the pot?

(in reply to SugarMyChurro)

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RE: McCain Campaign General Co-Chair At Heart Of Forecl... - 5/28/2008 12:24:34 PM

pahunkboy

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From: Central Pennsylvania
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Having spent 25 years in Chicago, Ill say a few words.

When I left in 88, I had withdrawal symptoms. The place is hugely entertaining from it stunning politics and "fast ones".

Growing up, I had heard about it but figured adults complain and so be it. Then as a young adult I set out. A competing gang put6 bullets into my home window. I concluded they simply wanted to scare me. Then when someone came to the door- I said I was concerned about the block. She [wife of an alderman] said she too was very concerned as they had 12 properties there. Hint hint. [mine would NEVERR be #13?]
Anyhow a bunch of BS - bs more bs. In my mail one day... a cancelled check. Proof of a shady pay off! To this day I dont know who or why did that. I probaly still have the check somewhere.

Peaking into the suburbs, one in Palos hts, a subdivision. I counted all but 1 house who did not pull a fast one to live there.

So- when I left- I never looked back. I should have left sooner. The guys in the ties were as bad and maybe worse then the gangs.

The point is- that if you think you know corruption, think you seen it all- you havent. Be it Chicago or many big cities.

The property scheme per obama is mild. I am not saying it is right. What I am saying as city slickers can play it up so bad that it takes the cake of the cake of the cake.

Ild imagine they dont play fair in washinton, new york, or many cities.

never again. ill never live in another metro ever again.

happens ALL the time.

(in reply to Mercnbeth)

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RE: McCain Campaign General Co-Chair At Heart Of Forecl... - 5/28/2008 12:33:59 PM

kittinSol

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quote:

ORIGINAL: SugarMyChurro

A vote for McCain sounds like a great way to destroy the country more quickly. Maybe something better will rise from its ashes...

I think that's an excellent point. It would make sense that a fellow Republican would directly inherit his predecessor's mess and attempted to sort it out in order to better prepare the terrain for a Democrat. A buffer zone.

Nobody would be able to solve the unmeasurable mess that's been achieved over the past eight years in the short course of four anyway, and a Democrat would be blamed for that.

I would hate to see McCain elected, mostly because I believe he is psychologically unstable, and potentially dangerous for the security of this country, but on the other hand it's possible that unbridled chaos would throw things to the extent that a complete rethink and rebuild would be unavoidable.

And that couldn't be a bad thing.

PS: how much does an ex-president cost in retirement, any idea?

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RE: McCain Campaign General Co-Chair At Heart Of Forecl... - 5/28/2008 1:05:53 PM

DomKen

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From: Chicago, IL
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quote:

ORIGINAL: kittinSol
PS: how much does an ex-president cost in retirement, any idea?

They and their immediate family get Secret Service protection for life, GWB and family and future POTUS only get it for 10 years. To go along with that the government pays for security upgrades to the former presidents residences and workplaces. How much this costs is undisclosed.

The President receives a pension from the government as well. At present that amounts to $191,300 a year. They also get an office and office staff paid for by the government. The staff costs are cappe at $150k the first year and at $96K thereafter.

There's a lot more. The details are here:
http://www.senate.gov/reference/resources/pdf/98-249.pdf

(in reply to kittinSol)

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RE: McCain Campaign General Co-Chair At Heart Of Forecl... - 5/28/2008 1:30:52 PM

kittinSol

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Thank you, Ken. A tidy little retirement plan.

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RE: McCain Campaign General Co-Chair At Heart Of Forecl... - 5/28/2008 3:46:28 PM

SugarMyChurro

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Mercnbeth:

And this is why I block you most of the time. What you wrote is off-point, trivial, and presumes facts not in evidence. So if I think McCain is unhinged I clearly must favor Obama? Please...

You seem intelligent and yet 95% of your posts in the last year show precious little proof of that.

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Any Mod:

Mercnbeth's post is a hi-jack attempt.

< Message edited by SugarMyChurro -- 5/28/2008 3:47:29 PM >

(in reply to kittinSol)

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RE: McCain Campaign General Co-Chair At Heart Of Forecl... - 5/28/2008 4:21:15 PM

Mercnbeth

Posts: 11766
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quote:

ORIGINAL: SugarMyChurro
Mercnbeth:

And this is why I block you most of the time. What you wrote is off-point, trivial, and presumes facts not in evidence. So if I think McCain is unhinged I clearly must favor Obama? Please...

SC,
Not at all, I think we share a similarity in the belief that no candidate offered by either party deserves any support. You wouldn't be alone in that regard. I offer as "evidence" that the thread I started soliciting positives about any of them is empty. Telling isn't it? However, that would be less relevant than a similar situation regarding another one of the candidates. I only withheld bringing up something similar regarding Senator Clinton because there are so many and it would be

.

Specifically, I'd question how an indited associate, awaiting a jury's verdict, having documented back-room dealing with Senator Obama is "trivial" compared to an accusation, based upon opinion, made regarding Senator McCain. Both sets of facts were referenced; they are "evidence" however they are applied. Be clearer in your point. What was it? Wasn't the intent to bash one particular candidate based upon his friends and/or who he/she associates? The same was represented by my post; on topic and on point.

You really think 'blocking' is necessary? Sorry you feel it necessary to cover your eyes and block views in opposition. Keeping them open may be educational.

quote:

You seem intelligent and yet 95% of your posts in the last year show precious little proof of that.

Thanks!
However, considering you block me, perhaps you don't have a good sampling. Maybe the "proof" you require would be found in the times you have me blocked?

quote:

Any Mod:
Mercnbeth's post is a hi-jack attempt.

As you say; "Please..." Are your thoughts and arguments so weak to require moderator intervention when a disagreement or another side is compared and posted?

Maybe if your psyche and confidence is effected so much it would be better to go from "most of the time" to a full-time block. Just remember -