A Dec. 9 WorldNetDaily article by Jerome Corsi repeats a claim by a former bank employee that he was fired for objecting to land appraisals regarding the deal in which Barack Obama bought a Chicago house. But Corsi can't even be bothered to get the basic facts correct about it.
The transaction involved Obama purchasing a multi-million-dollar home in Chicago's trendy Kenwood neighborhood, across the street from the Rezkos, at a discounted price. On the same day, Rezko's wife purchased a strip of land adjacent to the Obamas for the full asking price then sold it to the Obamas for $300,000 less.
1) It was not a "multi-million-dollar home"; it was listed at $1.95 million, and the Obamas purchased it for $1.65 million.
2) Corsi has apparently never heard of negotiating for a price on a house or even of purchasing a house for less than the listed price, a very common practice in the real estate industry. In fact, the sellers of the house have said they did not cut their asking price because Rezko bought the adjacent lot, and the Obama's offer for the house was the best one received.
3) Rezko's wife did not purchase "a strip of land adjacent to the Obamas for the full asking price then sold it to the Obamas for $300,000 less." Rezko's wife purchased an adjoining lot, then sold a 10-foot-wide strip land, comprising one-sixth of the lot, to the Obamas, who paid one-sixth of what Rezko paid for the full lot.
Is it any wonder that Corsi's anti-Obama book was dismissed as untrustworthy?
P.S. Corsi still hasn't answered questions about -- let alone retract -- the bogus documents from Kenya he used to falsely smear Obama before the election.