Breaking News32 minutes ago: Obama says Rezko played a bigger fundraising role..

ElsewheresDaughter

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Fri Mar-14-08 11:40 PM
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Breaking News32 minutes ago: Obama says Rezko played a bigger fundraising role..

Edited on Sat Mar-15-08 12:25 AM by ElsewheresDaughter

Senator says friend raised more money than previously known

Source: Chicago Tribune

Indicted Chicago businessman Antoin "Tony" Rezko was a more significant fundraiser for presidential candidate Barack Obama's earlier political campaigns than previously known. Rezko raised as much as $250,000 for the first three offices Obama sought, the senator told the Tribune on Friday.

Obama also said for the first time that his private real estate transactions with Rezko involved repeated lapses of judgment. The mistake, Obama said, was not simply that Rezko was under grand jury investigation at the time of their 2005 and 2006 dealings. "The mistake was he had been a contributor and somebody involved in politics," he said.

In an extensive interview that he hoped would quell the lingering controversy over his relationship with Rezko, Obama said that voters concerned about his judgment should view it as "a mistake in not seeing the potential conflicts of interest."

But he added that voters should also "see somebody who is not engaged in any wrongdoing . . . and who they can trust."

http://www.chicagotribune.com/news/politics/chi-obama-rezkomar15,0,2968927.story

Trying to put his past with Antoin "Tony" Rezko behind him, presidential candidate Barack Obama on Friday said he never thought the now-indicted Chicago businessman would try to take advantage of him because his old friend had never asked for a political favor.

But in a 90-minute interview with Tribune reporters and editors, Obama disclosed that Rezko had raised more for Obama's earlier political campaigns than previously known, gathering as much as $250,000 for the first three offices he sought.

Obama also elaborated on previous statements about his private real estate transactions with Rezko, saying they were not simply mistakes of judgment because Rezko was under grand jury investigation at the time of their 2005 and 2006 dealings. "The mistake, by the way, was not just engaging in a transaction with Tony because he was having legal problems. The mistake was because he was a contributor and somebody who was involved in politics."

The Illinois senator made his most extensive comments about Rezko to date in an effort to quell the lingering controversy over his relationship with the politically influential developer and over the personal financial deals first revealed by the Tribune in November 2006.

Faced with intensifying scrutiny as the Democratic primary season grinds on, Obama said voters should view his Rezko dealings as "a mistake in not seeing the potential conflicts of interest." But he added that voters should also "see somebody who is not engaged in any wrongdoing . . . and who they can trust."

After news reports of Rezko's questionable political dealings first emerged in 2005, Obama said he asked his friend about them. Rezko assured him there was nothing wrong. "My instinct was to believe him," he said.

Asked if he ever thought Rezko would expect something from their relationship, Obama was emphatic: "No. Precisely because I had known him for years and he hadn't asked me for something."

The friendship between the Obamas and Rezkos included occasional dinners and the Obamas once spending a day at the Rezkos' Lake Geneva retreat. It began in about 1991, when Obama became the first black president of the Harvard Law Review and Rezko offered him a job building affordable homes with his Rezmar Corp. Though Obama declined, a friendship and political alliance began.

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When Obama launched his bid for the Illinois Senate in 1995, Rezko was his first substantial contributor. Obama said it was his "best guesstimate" that Rezko raised $10,000 to $15,000 of Obama's roughly $100,000 collected for that race. Obama said he didn't have more certainty because he didn't then have the staff to maintain better campaign finance records.

Rezko helped bankroll all of Obama's subsequent campaigns except his presidential bid. Rezko was on Obama's campaign committee in his failed run against U.S. Rep. Bobby Rush and gathered between $50,000 and $75,000 of the estimated $600,000 raised in that race, Obama said.