My Word Is My Bond
BY Sarah Laskow | February 16, 2008
When Republican John McCain’s cash-starved campaign took out a $1 million bank loan in December, the agreement stopped short of using language that would have committed McCain to accepting public financing, according to The Washington Post.
McCain’s campaign promised to take public financing if need be to pay back the loan. If McCain had used the actual Federal Election Commission certifications for public funds as collateral for the loan he would have no choice but to take public financing. “We very carefully did not do that,” Trevor Potter, a McCain attorney and former FEC commissioner, told the Post.
Previous entry: McCain to Obama: Take the Money and Run
Next entry: Hillary Scolds Obama