The Chicago Sun-Times reports on Operation Board Games moving foreword:
A federal grand jury has subpoenaed records on dozens of low-income housing projects built over the last 30 years by indicted businessman William F. Cellini, convicted political fund-raiser Tony Rezko and City Hall insider Allison S. Davis.
The mountain of documents the grand jury wants from the Illinois Housing Development Authority includes two projects in which President Obama has acknowledged playing a minor role. Both of those projects involved Rezko, a former fund-raiser for Obama. One of them included Davis, who was once Obama's boss at a small law firm.
The grand jury is the same panel that's investigating alleged corruption under former Gov. Rod Blagojevich.
It issued the subpoena Sept. 29, 2008, newly released records show.
Four months later, IHDA officials are still gathering the documents, memos, e-mails and other records involving "more than dozens" of low-income housing projects funded by the state agency, said IHDA attorney Mary Kenney. "It's a very large production," said Kenney.
There's more:
Obama was a lawyer with the Davis firm. The president has said he did six hours of legal work in 1995 on one of the deals now under scrutiny by the grand jury, helping Rezko and his business partners -- Bishop Arthur Brazier and the Rev. Leon Finney -- turn an abandoned nursing home in Hyde Park into low-income apartments.
Six years later, Rezko's company stopped paying the mortgage. IHDA foreclosed on the property in 2001, as Rezko's low-income housing empire began to collapse, falling into physical and financial ruin.
You'll want to read the whole article,another great one from Chicago Sun-Times reporter Tim Novak.For more on
Allison Davis.For how Obama helped his ex-boss
Allison Davis get a $1 Million from charity.President Obama seems to have a cloud over his head.
