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Obama admits he erred in dealing with developer
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Sen. Barack Obama said on Friday that he had made repeated lapses of judgment in dealing with an indicted Chicago real-estate developer, Antoin Rezko, and acknowledged that Rezko had raised more money for his political campaigns than he had previously disclosed.
Rezko, who is on trial on federal corruption charges, had raised as much as $250,000 for Obama during his first three political races. Previously, Obama's campaign estimated the amount at $150,000.
The real-estate deal involved a home Obama and his family bought in Chicago in 2005; Rezko acquired an adjacent parcel of land to help complete the sale.
"The mistake was he had been a contributor and somebody involved in politics," Obama told the Chicago Tribune in his first extensive effort to answer questions about his relationship with Rezko.
Voters concerned about his judgment, Obama said, should view the transaction as "a mistake in not seeing the potential conflicts of interest."
NEW YORK TIMES
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