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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (116098)	9/29/2008 2:53:18 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

Knighty, "raking it in" in terms of bonuses is different than in terms of the company "raking it in." i reach that goldman had $20B at stake in AIG and the current president of goldman was with paulson when he announced the goldman $20 billion relief bailout. salon.com

To: Knighty Tin who wrote (116098)	9/29/2008 3:03:07 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

Knighty and anyone else interested in responding, here's the scenario: 1. friend called up and said relative is in trouble due to a tax lien on their home (new jersey sold it off and the lien is now in private hands). 2. the house is paid off and it sound like it is worth several hundred thousand dollars at least. 3. the husband is a handy man with limited income and the wife is on disability. 4. they have very little cash saved up. 5. they haven't been able to get a loan to pay off the lien. 6. the lien holders want their cash. how does this work? they can't foreclose, can they? i assume there is some kind of interest rate that accrues interest over time. anyway, can you think of the best way for them to get out of this mess? i'd think someone would give them a loan since the home is worth 4+ times the amount of the loan.