Thursday, July 24, 2008

John McCain: Watch This Story - Tim Novak on Obama, Rezko, Doc Ray and Pi$$ed Away Investments

A couple of burglars get caught and Nixon resigns. A county payroll Urologists ( Wee-wee Doc) wets his beak and sings to the Feds. Keep an eye out for this and other stories by the only pitbull among the Progressive purse-puppies at Progressive Sun Times - the paper so deep in Obama's tank that many crossocheilus oblongi are required to clean up for the Obama Campaign. Not it seems, Tim Novak

Chicago Sun Times has a pitbull - Tim Novak. Here is one of his investigative stories that will prove to have legs like Cyd Charisse in 1954!

While on the county payroll, a top urologist at Cook County Hospital solicited nearly $1 million from drug companies over the last decade for his private foundation.

Dr. Paul S. Ray's pitch was that the money would go toward medical research and education.

Dr. Paul S. Ray has been granted immunity from prosecution to testify against Tony Rezko in a still-pending criminal case.

But most of the money hasn't gone to health care at all. Instead, Ray invested it -- mostly in Tony Rezko.

Rezko is the convicted influence-peddler who had been a prodigious fund-raiser for politicians including Sen. Barack Obama, Gov. Blagojevich and the late Cook County Board President John Stroger, the ultimate boss of the county hospitals.

Ray had long worked with Stroger's godson, Orlando Jones, a top administrator at Cook County Hospital who became Stroger's chief of staff. Jones eventually left county government for a job with Rezko. Last September, after he had been questioned by the FBI, Jones committed suicide.

Ray set up the Paul S. Ray Urology Education and Research Foundation 16 years ago. It began investing with Rezko's companies in 2002, according to reports Ray filed with the Internal Revenue Service. The foundation invested $500,000 with Rezko Concessions, which operated Panda Express and Papa John's Pizza restaurants. It also put $100,000 into a proposed housing development Rezko unsuccessfully sought to build on a 62-acre site along the Chicago River in the South Loop.

Ray, 63, of Chicago, also invested his own money with Rezko, spending millions to buy real estate and Papa John's Pizza restaurants from Rezko.

Ray's Rezko deals didn't turn out well:

Click my post title to link on to Tim Novak
The Doctor is singing!

Let the parsing begin!

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