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October 20, 2012

Obama and the Democrats: They Just Can't Handle Money

Obama For America took out a $15 million loan from Bank of America last month, according to the campaign's October monthly FEC report. The loan was incurred on September 4 and is due November 14, eight days after the election. OFA received an interest rate of 2.5% plus the current Libor rate. -- Washington Free Beacon

The Democratic National Committee (DNC) now owes $15 million to the union-owned Amalgamated Bank of New York, campaign finance records show. -- Washington Free Beacon

Posted by gerardvanderleun at October 20, 2012 11:14 AM. This is an entry on the sideblog of American Digest: Check it out.

Your Say

Lending money to a Proggy person borders on stupidity; some never learn that simple item but then the union money wasn't theirs to start.

Posted by: Peccable at October 20, 2012 11:19 AM

Peccable. Banks, particularly big ones like BofA are under constant surveillance by regulators. Loaning money too the DNC is just low level bribery.

Posted by: Fat Man at October 20, 2012 2:15 PM

Makes the same sense as lending money to a junkie.

Posted by: Shooter1001 at October 21, 2012 11:16 AM

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