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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (410108)	8/25/2008 8:23:11 PM
From: tejek	Read Replies (3) \| Respond to of 1575046

You do understand that to buy the lot meant most likely it was an all cash deal. Its very difficult to get a loan on vacant land. Thats baloney. If it has a market value, it can be borrowed against. Besides this 'vacant land' was part of the houses yard when the prior owner had it. Banks don't like to make loans on vacant land. So Rezko's wife probably came up with the cash. Assuming you're right about that. Since Rezko was claiming to be bankrupt at the time, how funny would it be for his wife to have $625K in cash? You know how that is......a rich man's/woman's bankruptcy is not the kind of bankruptcy the average joe experiences. They still have cash reserves. Somebody should tell Ed McMahon that. We already know McMahon ain't too smart........how much younger is his latest wife? In fact, she's the one responsible for his accumulated debt. Apparently, she's a big hit on Rodeo Drive. Besides, it was a good deal. She made a tidy profit on the deal. Because Obama bought part of the property. It was before he ran for president. What is gonna be developed on a strip of land 60' wide? 50' wide now, since Obama bought a 10' wide strip of it. That's a standard lot in a big city. You are used to the open spaces of TX. Seattle is a smaller city than Chicago and my lot size is 100' by 50', and that's a very big lot for Seattle. In SFO and NYC, the lots are the size of postage stamps. The Obama's live in a ritzy neighborhood. Not one with tiny lots. You're not very well traveled, are you? Some of the most expensive homes in this country are on tiny lots.