Obama Campaign Takes out Bank of America Loan-- BOA Slashes Jobs:


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.

Read more: Obama Campaign Borrows $15 Million From Bank Of America - Obama Campaign Borrows Money - Fox NationConclusion: Obama is bad for business!!! Obama also doesn’t have any money left :slight_smile: