The Romney campaign’s recent cash inflow made it easier for him to offer to liquidate Newt’s campaign debt, in effect buying him out of the race.
I recalll that John Glenn’s presidential primary run (was that 1984?) still had outstanding debts in 2000. Ususally it is the vendors of services (transportation, telephony, printers, etc.) that are left holding the bag when a campaign fails. Why anyone extends credit to a political campaign, I do not know.
I've always figured that the vendors expect to be first in line for lucrative government contracts in the event the candidate to whom they extend credit wins.
“The Romney campaign’s recent cash inflow made it easier for him to offer to liquidate Newt’s campaign debt, in effect buying him out of the race.”
Your statement reminds me of a quote from the 1987 movie Wall Street by one of the sales managers to stockbroker Bud Fox (Charlie Sheen). “The one thing about money, Bud, it makes people do things they don’t want to do.”