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.