Report: Obama campaign gets $15M loan from bailed-out Bank of America. Wow… BoA just can’t stop making bad investments, can they? #tcot
— Fred Thompson (@fredthompson) October 23, 2012
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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.