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Urgent: Should Obamacare Be Repealed?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
  Mark Levin on the Constitutional Convention 51158 10 1,602 01-07-2015, 12:44 PM
Last Post: mingomom
  U.S. Rep Chaka Fattah Stole NASA Grant Money to Repay Illegal Campaign Loan ArcticSplash 9 2,204 09-04-2014, 12:04 AM
Last Post: ArcticSplash
  GOP Spends $9.7 Million to Attack Republicans – But Only $3.7 Million to Attack Democ das 8 1,393 07-05-2014, 07:03 PM
Last Post: MrPeanut
  Dems float 2016 Dream Ticket: Hillary-Michelle... Pocketprotector 10 2,472 03-29-2014, 03:42 AM
Last Post: panopticonisi
  Oh you crazy Dems. spblademaker 2 801 03-28-2014, 01:29 PM
Last Post: Philadelphia Patriot

Users browsing this thread: 1 Guest(s)

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