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Bloomberg:

Clinton Deadline Looms for Recouping $11 Million Personal Loan.  “A little-known provision of a 2002 campaign-finance law cosponsored by McCain prevents candidates who drop out of the race from raising money after the nominating conventions to repay themselves for personal loans.  Should Clinton fail to come up with the funds by the Democratic convention in August, she’ll be out the $11 million. If she quits the campaign before then, she may find it hard to get people to keep giving cash just so she can retire her debt.”  My italics.

05/12/08 • 05:01 PM • Economics • Politics • No Comments

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