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Old 12-17-2009, 07:35 PM
freddymo freddymo is offline
Belmont Park
 
Join Date: Sep 2007
Posts: 7,091
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Quote:
Originally Posted by Cannon Shell
All real businesses play with other peoples money. The IRS likes when you pay interest. When you are spending money like he is you dont want to be deemed a hobby. It is surprising that the bank would continue to loan at those levels based soley on the value of the bloodstock.
He had to have PG'd the loans
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