Mitt took 11th hour loan, too

March 21st, 2008 · No Comments

By: Jonathan Martin

It’s all water under the bridge now for the ex-candidates, but these reports are still fascinating so far in that they reveal some of the machinations behind the scenes.

For example, after dumping tens of millions of his own cash into the race, Mitt actually took out a $2 million loan from Goldman Sachs just before Super Tuesday.

This was at a time when there was uncertainty about whether he was going to air a final round of expensive commercials in big states like California. There was a question about how much Romney was willing to spend of his own cash.

Apparently, not much more.  Although he did secure the loan with his own assets at the firm.


Copyright © 2008 Capitol News Company, LLC | Distributed by Noofangle Media

Tags: Martin: Republicans '08

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Copyright © 2008 Capitol News Company, LLC | Distributed by Noofangle Media