Share Thread:  
Dems Won't Repay $10 Million Loan Used for Charlotte Convention
Dems Won't Repay $10 Million Loan Used for Charlotte Convention
Saturday, 02 Mar 2013 10:09 AM
By Matthew Auerbach

Share: More . . . A A | Email Us | Print | Forward Article

The Democratic National Committee has no intention of repaying the country’s largest electrical power company for the unprecedented $10 million line of credit it guaranteed to help a local host committee fund last September’s Democratic National Convention in Charlotte, N.C.

According to an article on the Washington Times web site, an official for Duke Energy said the company would claim the money as a business expense for tax purposes, meaning shareholders will foot $6 million of the cost.

The amount of the loan and the secrecy surrounding it has raised red flags for government watchdog groups.

Read Latest Breaking News from
Urgent: Should Obamacare Be Repealed? Vote Here Now!
das, proud to be a member of since Sep 2012.

Possibly Related Threads…
Thread Author Replies Views Last Post
grenade Who Won the FOX GOP Debate for you? Answer with one word, then your blovo :-) ArcticSplash 41 3,958 08-26-2015, 10:11 PM
Last Post: RugerGirl
  You Won’t Believe How Many Muslims the Democrats Want to Relocate to America das 2 1,256 06-01-2015, 06:54 AM
Last Post: pinhead1979
biohazard Harry Reid Won’t Seek Re-Election das 6 3,887 03-29-2015, 11:14 AM
Last Post: Mr_Gixxer
  Mark Levin on the Constitutional Convention 51158 10 1,520 01-07-2015, 12:44 PM
Last Post: mingomom
  You Won’t Believe What Condi Rice Has to Say About Racist Democrats das 0 778 11-10-2014, 12:41 PM
Last Post: das

Users browsing this thread: 1 Guest(s)

Software by MyBB, © 2002-2015 MyBB Group.
Template by Modogodo Design.