UPDATED WITH REPUBLICAN NATIONAL COMMITTEE VIDEO RESPONSE:

News of Barack Obama’s buddy Tony Rezko the Chicago Real estate Developer and fundraiser for Barack has been found guilty on Federal Corruption charges.

Chicago Sun Times reports:

Tony Rezko the high-flying developer and fast-food magnate who was once a major campaign fund-raiser for Gov. Blagojevich and Democratic presidential hopeful Barack Obama and one of the governor’s closest advisers — is now a convicted felon.

A federal jury in Chicago convicted Rezko this afternoon on 16 of 24 charges he faced in a political corruption trial that cast a harsh light on the Blagojevich administration.

The verdict, reached after deliberations that spanned 12 days, could give federal authorities new ammunition in their probe of the governor’s campaign and his administration. They already have subpoenaed Blagojevich’s campaign fund, scrutinized his donors, looked into his wife’s real estate dealings and questioned potential witnesses about whether they were promised anything in return for campaign contributions, sources told the Sun-Times.

Barack had no comment.

t/b: Michelle Malkin

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“I am committed to curbing the influence of money in our political system.”

– Bill Clinton

Hillary’s Presidential Campaign has stiffed another institution for thousands of dollars. This time UC Davis is threatening to use a collection agency to access monies owed them. Will this make it to the MSM? Probably Hillary is the disliked stepchild this time around. Barack is the ‘fair haired boy’… so to speak.

The Standard Modus Operandi of the Clintons…. Why pay bills if you can freeload (without getting caught).

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