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The Next Bank to Get Bailed Out?

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Anonymous

Guest
Rollcall is reporting
The National Republican Congressional Committee, trailing its Democratic counterpart considerably in cash on hand, has secured an $8 million loan to spend on House races during the last few weeks of the campaign, according to sources.

The NRCC reported $14.4 million in cash on hand as of Aug. 31, compared to $54 million in the bank for the Democratic Congressional Campaign Committee. As it did last cycle, the NRCC is procuring its loan from Wachovia Bank, sources confirmed.

Wachovia Corp., a once-thriving financial giant now teetering on the brink of collapse, confirmed today that it was extending an $8 million loan to the cash-strapped National Republican Congressional Committee for last-minute activites to support GOP House candidates.

Wachovia's decision to lend money to the NRCC -- itself reeling from a damaging financial scandal earlier this year -- is sure to draw charges of favoritism, as Wachovia denies credit and freezes assets for thousands of other customers.

Allegations of favoritism are especially delicate for Wachovia, given the company's disproportionate support of Republican campaigns and organizations.
10/08/08
 

Sandhusker

Well-known member
The Republicans should get their money from the same places the Democrats do; China, Palestine, and oh yeah, those common middle-class people in Hollywood. Seems to be working well for the libs.
 
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Anonymous

Guest
Sandhusker said:
The Republicans should get their money from the same places the Democrats do; China, Palestine, and oh yeah, those common middle-class people in Hollywood. Seems to be working well for the libs.

Well if Repubs weren't such crooks- and one of their own hadn't ripped the NRCC coffers off for a whole bunch- they would have money...That and if anyone still had any faith in them :wink: :lol: :p
 
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