Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Obama campaign borrows $15 million from Bank of America
freebeacon.com ^ | 10/19/12

Posted on 10/20/2012 11:03:17 AM PDT by Justaham

click here to read article


Navigation: use the links below to view more comments.
first 1-2021-22 next last

1 posted on 10/20/2012 11:03:21 AM PDT by Justaham
[ Post Reply | Private Reply | View Replies]

To: Justaham

They’ve burned through all their money and they’re bleeding not only politically but financially. No sane investor would want to give these guys a loan. And Bank Of America will find it will never be repaid! Talk about fleecing the bank.


2 posted on 10/20/2012 11:06:04 AM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Justaham
And they will never pay it back after we kick this ass out of the White House. So how does BofA recover the loss. You got it, fees passed onto you honest regular BofA users.
3 posted on 10/20/2012 11:08:44 AM PDT by Logical me
[ Post Reply | Private Reply | To 1 | View Replies]

To: Logical me

“And they will never pay it back after we kick this ass out of the White House. So how does BofA recover the loss. You got it, fees passed onto you honest regular BofA users.”

That is why if you are a BOA customer, NOW would be a good time to change banks.


4 posted on 10/20/2012 11:13:37 AM PDT by VRWCRick
[ Post Reply | Private Reply | To 3 | View Replies]

To: Justaham

Bank of America would be the way to go for Obama, since it accepts Matricular Counselar cards.

Begins to make sense doesn’t it. :^)


5 posted on 10/20/2012 11:15:50 AM PDT by DoughtyOne (Fooled folks once didn't you. Revenge is spelled, "VOTE RED". You're going down donkeys...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Justaham

Donation.

They’ll never get a penny of it back.


6 posted on 10/20/2012 11:18:17 AM PDT by Right Wing Assault (Dick Obama is more inexperienced now than he was before he was elected.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Logical me

This has got to be an illegal loan. There is no collateral. Political campaigns can never get a loan this late in a race when the money stream is about to end (win or lose).


7 posted on 10/20/2012 11:21:38 AM PDT by shalom aleichem
[ Post Reply | Private Reply | To 3 | View Replies]

To: Justaham

My question is not why the loan, but why such a small loan?


8 posted on 10/20/2012 11:25:20 AM PDT by bert ((K.E. N.P. N.C. +12 ..... Present failure and impending death yield irrational action))
[ Post Reply | Private Reply | To 1 | View Replies]

To: shalom aleichem

My questions exactly. How can a political campaign take out a loan? What is the collateral? Where are financial statements showing that a business entity is able to repay such a loan? Is there a personal guarantee from a wealthy individual or wealthy people?

I would love to see the paperwork on this loan, how it is justified, what collateral there is, repayment terms, etc.


9 posted on 10/20/2012 11:26:19 AM PDT by Dilbert San Diego
[ Post Reply | Private Reply | To 7 | View Replies]

To: shalom aleichem

My questions exactly. How can a political campaign take out a loan? What is the collateral? Where are financial statements showing that a business entity is able to repay such a loan? Is there a personal guarantee from a wealthy individual or wealthy people?

I would love to see the paperwork on this loan, how it is justified, what collateral there is, repayment terms, etc.


10 posted on 10/20/2012 11:26:35 AM PDT by Dilbert San Diego
[ Post Reply | Private Reply | To 7 | View Replies]

To: VRWCRick

Effective 10/15/12 my family closed all (6) accounts w/ BOA(Barack’s Own Bank).
Doing all business w/ 3 Credit Unions, one since 1953!


11 posted on 10/20/2012 11:27:02 AM PDT by GOYAKLA (Recall/ Impeachment Day, November 6, 2012. FUBO, same for RINOs)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Justaham

I have heard of candidates taking out a loan against their house, but in Barry’s case, he doesn’t even own his own house. He couldn’t get $15M from his foreign backers?


12 posted on 10/20/2012 11:33:51 AM PDT by SERKIT ("Blazing Saddles" explains it all.......)
[ Post Reply | Private Reply | To 1 | View Replies]

To: goldstategop

A nice kiss from one too big to fail.


13 posted on 10/20/2012 11:37:36 AM PDT by Joe Bfstplk
[ Post Reply | Private Reply | To 2 | View Replies]

To: shalom aleichem
If Obama wins the election, BOA will never see the loan repaid.

If Obama loses the election, BOA will never see the loan repaid.

14 posted on 10/20/2012 11:47:09 AM PDT by FroggyTheGremlim (Indep. Payment Advisory Board = "Death Panels")
[ Post Reply | Private Reply | To 7 | View Replies]

To: Justaham
What kind of collateral does one need for a $15 million loan?

I wouldn't think a million bumper stickers would be enough.

15 posted on 10/20/2012 11:55:10 AM PDT by Trailerpark Badass (So?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Dilbert San Diego
Don't you think there is a co-signer, someone who has put up collateral or some surety? BoA is covered and the co-signer remains unknown.
16 posted on 10/20/2012 12:01:11 PM PDT by count-your-change (You don't have to be brilliant, not being stupid is enough.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Dilbert San Diego

Good questions. Without public scrutiny such a loan could be construed as either a bribe or extortion. Inquiring minds and all that.


17 posted on 10/20/2012 12:11:10 PM PDT by SpaceBar
[ Post Reply | Private Reply | To 9 | View Replies]

To: Trailerpark Badass
I wouldn't think a million bumper stickers would be enough.

Since no on wants them, they'll get an "appraiser" to value them at $15 apiece. They would be "deemed" to be worth that since they are collectors items and mementos of the only term of the "greatest president ever."

They could even skip the loan and make union members buy them.

18 posted on 10/20/2012 12:14:27 PM PDT by Right Wing Assault (Dick Obama is more inexperienced now than he was before he was elected.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Right Wing Assault

They will get every dime back..... and you and I will pay for it.


19 posted on 10/20/2012 12:33:06 PM PDT by Gator113 (I would have voted for NEWT, now it's Ryan and the other guy.~Just livin' life, my way~)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Justaham

They’ll pay it back on the John Glenn payment plan.


20 posted on 10/20/2012 1:05:26 PM PDT by Poison Pill (Take your silver lining and SHOVE IT!)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-22 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson