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Author Topic: Desperate Obama Campaign Borrows $15M from Bank of America  (Read 2004 times)

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Offline bijou

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Desperate Obama Campaign Borrows $15M from Bank of America
« 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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Offline Texacon

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Re: Desperate Obama Campaign Borrows $15M from Bank of America
« Reply #1 on: October 20, 2012, 09:35:43 AM »
He uses campaign funds like they're our tax money.  This is why he's never had a budget.

KC
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Offline Mr Mannn

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Re: Desperate Obama Campaign Borrows $15M from Bank of America
« Reply #2 on: October 20, 2012, 12:33:15 PM »
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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Offline DumbAss Tanker

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Re: Desperate Obama Campaign Borrows $15M from Bank of America
« Reply #3 on: October 20, 2012, 02:52:44 PM »
Quote from: Texacon on October 20, 2012, 09:35:43 AM
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.
« Last Edit: October 20, 2012, 02:54:53 PM by DumbAss Tanker »
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Offline zeitgeist

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Re: Desperate Obama Campaign Borrows $15M from Bank of America
« Reply #4 on: October 20, 2012, 03:41:03 PM »
Quote from: DumbAss Tanker on October 20, 2012, 02:52:44 PM
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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Offline NHSparky

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Re: Desperate Obama Campaign Borrows $15M from Bank of America
« Reply #5 on: October 20, 2012, 09:56:42 PM »
LIBOR plus 2.5 percent?  Granted, only for two months, but damn, Barry...
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Offline Kyle Ricky

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Re: Desperate Obama Campaign Borrows $15M from Bank of America
« Reply #6 on: October 20, 2012, 10:02:35 PM »
Us tax payers will end up picking up the tab on this ..
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Offline NHSparky

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Re: Desperate Obama Campaign Borrows $15M from Bank of America
« Reply #7 on: October 20, 2012, 10:03:25 PM »
Quote from: Kyle Ricky on October 20, 2012, 10:02:35 PM
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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Offline marv

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Re: Desperate Obama Campaign Borrows $15M from Bank of America
« Reply #8 on: October 21, 2012, 07:40:14 AM »
Quote from: Kyle Ricky on October 20, 2012, 10:02:35 PM
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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Offline Kyle Ricky

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Re: Desperate Obama Campaign Borrows $15M from Bank of America
« Reply #9 on: October 21, 2012, 11:50:30 AM »
Quote from: marv on October 21, 2012, 07:40:14 AM
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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Offline Rufus2010

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Re: Desperate Obama Campaign Borrows $15M from Bank of America
« Reply #10 on: October 21, 2012, 12:01:14 PM »
Will another fundraiser with his "evil" 1% buddies be in the cards?
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