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October 8, 2008

First Bailout Results Known

-- by Dave Johnson

Sources: NRCC Secures $8 Million Loan for Final Election Pushl.

The National REPUBLICAN Congressional Committee has received $8 MILLION from Wachovia Bank.

Credit crunch? Unsecured loans impossible to find?

Chris Bowers at OpenLeft writes that,

in the short term, this is effectively an $8 million donation to the NRCC from Wachovia at a time when Wachovia is supposedly in dire straits, about to be bought out by other banks, and will receive money from the government via the bailout.
The Bush administration is about to start handing out taxpayer cash for bad debts, and suddenly the NRCC gets $8 million from Wachovia. Come on. How blatant can it be?

Posted by Dave Johnson at October 8, 2008 7:51 PM


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