Belmont Club

By Richard Fernandez

Bio

Get Updates From Richard Fernandez
A Comment About

International man of mystery

September 23, 2008 - 5:10 am - by Richard Fernandez
Benj
2008-09-23 21:04:13

Paul says – “How about this- Resko, at a time he admitted he was broke and was being bailed out by Auchi, was able to give Obama several hundred thousand dollars for the purchase of his home. So effectively Auchi helped pay for Obama’s mansion.”

How about this! Obama did NOT borrow money from R. to pay for his mansion. (So “effectively” Auchi has NO connection to O.) When he started bidding on his house, O had serious $ (for the first time in his life) thanks to his two best-selling books. O bought the house and property with his own money. O has spelled out – and apologized – for encouraging R. to buy the piece of property adjoining his own because he wanted to add-on to his own property. R. bought that land and O then paid for 1/6 of the land in question at precisely 1/6 of the price R. paid for the property. R. then sold the bulk of that property at a profit. (Actually the deals were done in R.’s wife’s name.) Again – R. did not loan O “several hundred thousand dollars for the purchase of his home.” The Chicago Sun Times spells out the transaction here…And you can check FactCheck’s account as well…Doesn’t make O look like Saint – he shouldn’t have hung tight with Rez – but there is simply no window to get Auchi into this story…

http://www.suntimes.com/news/politics/124171,CST-NWS-obama05.article