OBAMA ACCEPTS LOAN FROM BOA

October 20, 2012

Remember when the Obama campaign started calling Charlotte’s Bank of American Stadium “Panther Stadium” to distance itself from the Wall Street fatcats representing the 1%? It seems their hypocrisy knows no bounds.

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.

Warren Buffett, Obama donor and namesake of the infamous “Buffett Rule,” invested $5 billion in Bank of America last year in an effort to help the ailing financial institution. Last month, two weeks after OFA took out the loan, Bank of America announced a plan that would lay off 16,000 workers by the end of the year. (LINK)

I wonder if those laid off workers will be voting for The One?


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