Report: Obama Campaign Borrows $15M

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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.

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11 Responses to “Report: Obama Campaign Borrows $15M”

  1. Well, if he wins he’ll just pay it off with stimulus money, and if he loses he has till Jan 21st to pay it off with some type of govt funding he has hidden somewhere.

  2. When will they pay it back?? Never!!

  3. Kevin Smith says:

    Couldn’t he have gotten a better rate from the Chinese Goverent?

  4. and who the heck is going to pay that back us citizens???????????????? as usual

  5. Ken Peters says:

    From the Chinese…

  6. Mark Dfw says:

    Everything that Odumbo has built, has gone bankrupt!

  7. Now this is funny, hr does not plan on paying it back, leave it to the tax payers plus somebody would have to have COMMEN SENSE to figure out a plan tp pay it back and I think we all know who is SHORT in that department,

  8. Mochella has kept the vacation business BOOMING.

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