Obama campaign borrowed $15 million from Bank of America

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Obama campaign borrowed $15 million from Bank of America

Obama campaign borrowed $15 million from Bank of America

The Blaze-

The Obama campaign’s monthly FEC report for October has revealed that Obama for America took out a $15 million loan from Bank of America back in September. Due to be paid back on November 14– just eight days after the election– the report says the campaign will be paying a 2.5% interest rate plus the current Libor rate.

Many are asking why the first campaign that pledged to raise a billion dollars needs a last-minute $15 million loan, but Twitter users appear content to draw similarities between the campaign, and the presidency.

[THE BLAZE]

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2 Responses to “Obama campaign borrowed $15 million from Bank of America”

  1. Charles Reed says:

    And you wonder why BOA is not completing modifications. When your Regulator is borrowing money from you, is it realistic that they are going to come down on you.

    BOA is expecting a payment of Nov 14, 2012 when Obama black base who is already broke and sold food stamps just so they could donate $50 to Obama are going to be able to help Obama with that bill how? Heart will be broken on Nov 6 late or Nov 7 early but either way win or lose blacks must deal with the fact they are screwed, but there is no solution for 75% of the black losing their homes.

  2. Don says:

    Can you say “CONFLICT OF INTEREST”? How about “BUYING YOUR WAY OUT OF PROSECUTIONS”? This is further evidence of the collusion between the biggest bank in CHINA and the OBAMA ADMINISTRATION. One more reason to vote the BUM out.

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