Obama For America took out a $15 million loan from Bank of America last month, according to the campaign’s October monthly FEC report. The loan was incurred on September 4 and is due November 14, eight days after the election.
The U.S. Export-Import Bank announced Friday it has authorized a $2 billion loan to a United Arab Emirates-based company to build a nuclear power plant, Reuters reports.
A private equity firm with close ties to the Obama administration could end up profiting from the bankruptcy of Solyndra, the solar panel company that received more than $500 million in taxpayer-backed loans.
The Wall Street millionaire who cleared the White House of any wrongdoing in the multi-billion dollar bailouts of bankrupt solar companies owned by Obama’s top donors is a mega-contributor to the president’s reelection campaign.
Former Maine governor and independent Senate candidate Angus King is an alternative energy entrepreneur who made the most of an electric-utility restructuring law that he signed during his governorship, while obtaining loan guarantees via the same program that loaned more than $500 million to the failed solar panel manufacturer Solyndra, records show.
General Motors will shell out as much as $600 million to sponsor a European soccer team despite owing $27 billion to American taxpayers.