Clinton Has Tough Reason to Hang On ($11 Million Big Ones)
Posted May 12th, 2008 by lastmovement
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Clinton Deadline Looms for Recouping $11 Million Personal Loan
May 12 (Bloomberg) -- Hillary Clinton may have a financial incentive to remain in the presidential race for a while. And she has Senator John McCain to thank for it.
Clinton loaned her struggling campaign $11 million in recent months. 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.
"When somebody tells you, you can't win, it's because they know you can, and they are afraid you will"
(Bill Clinton in Madison, West Virginia)
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I still believe shes only in
I still believe shes only in it to hand the election to McCain on a big sliver platter. But its interesting to know it might be greed too. Theres even a deal in place where Obama will pay off her debt???
There ya go
"When somebody tells you, you can't win, it's because they know you can, and they are afraid you will"
(Bill Clinton in Madison, West Virginia)
Bet he never would have admitted this in relation to Ron Paul.
clinton stays in because
~peace
all of the media stays right there with her and obama. if one of them is chosen, the chosen one will be forced to actually speak about something important. they dont want that!
No - They won't be "forced"
I"m sure they already have the news all planned out.
"Walls are stronger than the men that defend them."
Ghengis Khan