jreeves
Senior Member
- Feb 12, 2008
- 6,588
- 319
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No, I don't believe anyone, I read the loan application myself. It says without stuttering that public financing isn't to be used as collateral.
Have you read the loan application?
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No, I don't believe anyone, I read the loan application myself. It says without stuttering that public financing isn't to be used as collateral.
Have you read the loan application?
"Earlier this year, he opted out of the public financing system in the primary campaign when he seemed assured of capturing the presidential nomination. But his effort was questioned by FEC Chairman David Mason, a Republican, who said the presumptive Republican nominee had to assure the regulatory agency that he had not used the promise of public money to secure a $4 million line of credit in November.
Then the Democratic National Committee (DNC) got into the act Feb. 25, filing a lawsuit to compel the FEC to conduct an investigation. It was rejected in U.S. District Court, which ruled the agency still had 120 days to fully consider the issue. That deadline expired Tuesday, though the FEC could not have acted until its vacancies had been filled.
The Senate was ready to vote last week on the FEC nominees, but in what Republicans saw as transparent political move, Senate Democratic Leader Harry Reid delayed the vote for a week until the deadline passed, clearing the way for the DNC to refile its lawsuit.
The DNC's renewed suit charges that Mr. McCain had decided to "unilaterally withdraw from the FEC's matching funds program despite using the program to financially benefit his campaign."
"In order to receive matching funds, John McCain signed a binding agreement with the FEC to accept spending limits and to abide by the conditions of receiving those funds. The FEC requires that any request to withdraw from the agreement must be granted by the FEC," the DNC said in a statement Tuesday.
The Republican National Committee dismissed the DNC's claims Tuesday, saying "the same frivolous lawsuit was thrown out of court over a month ago."
"The law states that a candidate must actually receive public funds to be subject to the primary campaign spending limit. The McCain campaign never received any primary matching funds, and the campaign's lending bank has made clear that no entitlements to public funds were used as collateral to secure any loan," RNC Chief Counsel Sean Cairncross said in a statement.
How the FEC will rule on the matter is unclear, but it is not likely to complete its consideration of the issue before the election, legal advisers have said.
"Either they say he could withdraw [from the primary system], or his actions were not valid and that he exceeded the spending limits that are imposed on a candidate participating in public funding," Mr. Baran said. "Then months or years from now, after the fighting is over, he would have to pay a penalty."
Johnny has joined the republican sect and like all converts he has changed. LOL
McCain Sets a New Record: 10 Flip-Flops in Two Weeks
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McCain is the Greatest Flip Flopper of all time
Your an idiot reeves... this is greater excerpt from the same article that posted that you chose to ignore...
No, I don't believe anyone, I read the loan application myself. It says without stuttering that public financing isn't to be used as collateral.
All you have to do is read the loan application. It explicity states that public funding isn't to be used as collateral, how much more freaking clear could it have been? If you can't read the contract, who is the real idiot?
All you have to do is read the loan application. It explicity states that public funding isn't to be used as collateral, how much more freaking clear could it have been? If you can't read the contract, who is the real idiot?
Hey jackass, I'm at work so I can PROVE anything you think I made up. By the way, do you really want McCain's camp to be the next ADMINISTRATION?
WASHINGTON - Senator John McCainÂ’s campaigns have long been defined by internal squabbling and power plays, zigzagging lines of command and a penchant by the candidate for consulting with former advisers without alerting current ones, always a recipe for disquiet.
After a period of relative calm on that score, it is becoming clear that his campaign is once again a swirl of competing spheres of influence, clusters of friends, consultants and media advisers who represent a matrix of clashing ambitions and festering feuds. The cast includes the surviving members of Mr. McCainÂ’s 2000 campaign, led by Rick Davis and Mark Salter; a new camp out of the world of Karl Rove, led by the recently ascendant Steve Schmidt; and on the periphery, the ever-present Mike Murphy, Mr. McCainÂ’s strategist in the 2000 presidential race who has been dispensing advice to the candidate to the annoyance of the other camps, and is the subject of intensifying rumors in Republican circles that he is about to re-enter the campaign.
Mr. McCain is uncomfortable firing people or banishing them entirely. His orbit remains filled with people who have been demoted without being told they are being demoted, like Mr. Davis, who continues to hold the title of campaign manager even as Mr. Schmidt manages the campaign. Yet, Mr. McCain inspires uncommon loyalty in those who serve with him — hence the willingness of Mr. Murphy to consider coming back into the McCain campaign, despite his own rather brutal history of enmity with Mr. Davis.
Politics heat up at McCain campaign - The New York Times - MSNBC.com
If what you are saying is true then Fidelity Banking $ Trust is in deep shit for giving Mac a sweetheart loan with No Collateral and a chance that the loan would have been defaulted on.... LOL.. someones head is gonna roll over this deal one way or another... I wonder which makes more sense... a secure loan for millions or an unsecured loan for millions... give it up.. common sense says you can stuff you loan application theory back in your ass cause if means little when the ramifications of this transaction are scrutinized....
If mccain can't manage his own campaign, how will he manage the country? Notice Obama runs a smooth campaign? That's right.
...The loan was secured with future income...
huh.....
AYERS,REZKO,WRIGHT.....etc.....
Yes yes, McCain Flip Flops, and Obama Revises. LOL, keep drinking the Koolaide people.