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Reply #11: Romney also loaned his campaign money. [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
bornskeptic Donating Member (951 posts) Send PM | Profile | Ignore Sun Feb-10-08 05:09 PM
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11. Romney also loaned his campaign money.
Multimillionaire Steve Forbes was the subject of quite a bit of scorn among GOP political circles for the multimillion-dollar loans he gave his quixotic campaigns for the presidency in 1996 and 2000. Less discussed in the 2008 presidential contest is the fact that multimillionaire former Massachusetts Gov. Mitt Romney is now outpacing Forbes in self-loans.

Story
Caucus-Goers Prepare for Early Iowa CaucusBy the end of the third quarter of this year, according to Federal Election Commission reports, Romney had loaned his own campaign $17.4 million in personal funds — not including a donation of a $61,435 Winnebago.


http://abcnews.go.com/Politics/story?id=3714738&page=1

The difference is that with a loan the candidate can recoup all or part if the campaign has money left at the end. There is certainly no guarantee that she will get it all back; in fact that seems rather unlikely.
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