To: I still care
The ten million dollars was the line of credit that came along with the house. According to the loan docs, the line of credit is for “unspecified purposes”.
10 posted on
05/03/2008 10:17:01 AM PDT by
mewzilla
(In politics the middle way is none at all. John Adams)
To: mewzilla
And from this link....
Honesty in the Public Arena
....As we reported, the reverend will soon move into a multimillion-dollar home. And now "The Factor" has learned he drives two Mercedes Benz automobiles worth about $142,000. In addition, Wright's church has access to an astounding $10 million line of credit.
Those parishoners need their heads examined.
11 posted on
05/03/2008 10:19:47 AM PDT by
mewzilla
(In politics the middle way is none at all. John Adams)
To: mewzilla
Such as a swimming pool, tennis court, etc.
32 posted on
05/03/2008 4:37:23 PM PDT by
fightinJAG
(RUSH: McCain was in the Hanoi Hilton longer than we've been in Iraq, and never gave up.)
To: mewzilla; doug from upland; stephenjohnbanker; Mr. Silverback
A $10M LOC would be based on roughly $10M in EQUITY equity in the property/improvements...or else a bank officer has grossly breached shareholder trust and due diligence, methinks.
Paging some experts...
45 posted on
05/03/2008 9:10:56 PM PDT by
The Spirit Of Allegiance
(Public Employees: Honor Your Oaths! Defend the Constitution from Enemies--Foreign and Domestic!)
To: mewzilla
Accding to BOT, Rev W owns two Mercedes worth $150,000.
57 posted on
05/04/2008 5:47:53 PM PDT by
Mamzelle
(Time for Conservatives to go Free Agent)
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