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?