Sunday, February 3, 2008

McCain Took Out $3 Million Loan to Finance Campaign

  • John McCain obtained a $3 million line of credit in November to finance his campaign
  • The loan was granted by Fidelity Bank and Trust at a rate of 8.5%
  • According to Fox News if he loses the campaign he "could transfer the debt to this Senate campaign committee and continue to raise money to retire it."

Source: http://www.foxnews.com/wires/2008Jan30/0,4670,CampaignMoney,00.html

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