Just the Facts, Ma'am: A Compendium of Liberal Fiction Message Board

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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction

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To: Selectric II who wrote (8503)	6/3/2004 2:38:48 PM
From: jlallen	of 90947

My understanding is that Kerry couldn't qualify for that loan and can't even make the monthly payments on his income. It would depend on the type of loan and lender....certainly, this would not qualify as a conventional FannieMae/FreddiMac loan.....the very size is a problem.....but a lender holding this kind of loan in portfolio could easily make whatever deal they wanted.....the real question I suppose would be whether the loan constitutes a bribe since.....if Kerry is really unable to pay a market rate of interest.....its more of a gift or contribution....and there are limits on those......the note could be in the form of a bullet.....the whole amount payable at maturity.....many scenarios would work...and remember the Clintons did this type of financing as well with the Chappaqua residence...... J.

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