• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

Buckwheat Campaign Borrows $15 Million From BOA

Mike

Well-known member
From his "FatCat Banker/Wallstreet" buddies at Bank Of America.


BY: Washington Free Beacon Staff
October 19, 2012 10:40 pm

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.

Warren Buffett, Obama donor and namesake of the infamous “Buffett Rule,” invested $5 billion in Bank of America last year in an effort to help the ailing financial institution. Last month, two weeks after OFA took out the loan, Bank of America announced a plan that would lay off 16,000 workers by the end of the year.

Obama has a complicated relationship with Bank of America. The bank contributed $20 million toward the cost of the Democrat National Convention earlier this year. Bank of America stadium, home to the Carolina Panthers, was supposed to host Obama’s acceptance speech. At the last moment, the campaign switched to a significantly smaller venue. The campaign claimed that an impending storm would not allow the President to deliver his address. Many questioned whether move was made because the campaign was having trouble filling such a large stadium.

It is unclear why the first $1 billion campaign needed an extra $15 million for the final two months of the campaign.
 

Faster horses

Well-known member
I heard yesterday on Fox News someone said that Obama wasted all that advertising money
trying to paint Romney as something he is not, AND it didn't work.
Romney has been careful with his money (no surprise there) and he is
going to use it in these last two weeks.

It also is an embarrasment to Obama that Romney has raised more money than him.

FWIW
 

hopalong

Well-known member
Wait a dadgummed minute,,,oldtimer told us that BUSH,Had the FAT CAT BANKERS,,,and we know oldtimer never lies, or attmpt to mislead us :roll: :roll:
 

Tam

Well-known member
Geez what is with the stupid question this morning :? First why do R's dislike Obama and Now What does Obama's campaign need another $15 million in the final months of the election campaign for. :roll:

Well Duh It is expensive running from a horrible record and trying to paint your opponent as a scary guy that voters need to run from.

And Obama didn't budget in the first billion for the fact that once the voters actually got to see the two candidates side by side they were going to see through all his nasty attack ads. So now he has to double down on them to regain the ground he lost in his pitiful debate performance.

Either that or the dead voters are figuring their vote is worth alot more to the dems and are threatening not to come back to life for anything less than top dollar. :wink:
 
Top