The Conservative Cave
Current Events => Archives => Politics => Election 2012 => Topic started by: bijou on October 20, 2012, 08:58:56 AM
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You mean this loser has blown through a billion dollars already? How ironic he has to go begging for cash to the evil Bank of America. Funny enough, when he was planning his coronation at Bank of America Stadium he and his minions refused to use their name.
BofA should have told him to take a hike.
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. ...
http://www.jammiewf.com/2012/desperate-obama-campaign-borrows-15m-from-bank-of-america/
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He uses campaign funds like they're our tax money. This is why he's never had a budget.
KC
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I'm betting that the loan will be paid back in TAXPAYER dollars, or not at all.
Democrats won't pay their taxes, why should that pay their loans?
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He uses campaign funds like they're our tax money. This is why he's never had a budget.
KC
You hit the nail on the head there. A visitor reading that might not understand that we think he also uses our tax money like it was his campaign money, rewarding political creditors and bundlers.
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You hit the nail on the head there. A visitor reading that might not understand that we think he also uses our tax money like it was his campaign money, rewarding political creditors and bundlers.
There was a DUmp thread on this but I am want to bring it for fear of popping someone's mole. That this story has limited exposure was what the DUmp OP was questioning, asking does it exists outside conservitive sites.
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LIBOR plus 2.5 percent? Granted, only for two months, but damn, Barry...
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Us tax payers will end up picking up the tab on this ..
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Us tax payers will end up picking up the tab on this ..
Par for the course. Too bad Obumbles is about a 30-handicap.
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Us tax payers will end up picking up the tab on this ..
I think we already have.......
TARP $ > Bank of America > $15m > Obama campaign "loan" --- after which the loan will go into default and be written off by BoA at the expense of BoA stockholders and customers. Obama campaign bills and loans, going back to 2008, have a less than stellar record of being repaid.
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I think we already have.......
TARP $ > Bank of America > $15m > Obama campaign "loan" --- after which the loan will go into default and be written off by BoA at the expense of BoA stockholders and customers. Obama campaign bills and loans, going back to 2008, have a less than stellar record of being repaid.
BoA will right it off as a campaign donation and get a tax break for it.
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Will another fundraiser with his "evil" 1% buddies be in the cards?