DNC Takes Out Loan For DSCC

The Hot Line ^ | October 17, 2006 | Chuck Todd

[Enchante]

"Would it be too much to demand that the MSM look into just who in their right might [mind] would extend such a "line of credit" to the DNC and what the terms are???"

ooops, that was supposed to say "right mind"..... but I guess the point was still clear.... typing too fast!!

[Just mythoughts]

Where exactly does a political party go to get a line of credit? I notice the lending institution is not named? Does this make the DNC beholden to a financial institution for future legislative acts?

[Non-Sequitur]

Well, that's how they run the government.

By that token then the RNC should be borrowing $20 million.

[windchime]

"While the DNC doesn't have $10M to just toss around to another campaign committee, the DNC apparently has decided to go into debt to come up with the extra cash DSCC Chair Chuck Schumer has been pleading for from DNC Chair Howard Dean."

Bump!

[Timeout]

Is this how one gets around Campaign Finance Reform?

All those restrictions on how candidates raise their money. And then, if they come up short, the party can just fly in at the last minute, arrange a loan, and make up the shortfall?