Thursday, June 12, 2008

Hillary's Debt and How She'll Pay It Off

By GottaLaff


I have to go to work, but go here to discover that Hillary will be just fine, thank you:
Though Hillary Rodham Clinton racked up more than $30 million in debt during her Democratic primary campaign, she could emerge from her loss with a bundle of campaign cash to either play kingmaker or mount another campaign of her own. [...]

That financial path would go something like this: Reclassify as a contribution most of the $11.4 million or more she loaned her campaign, which would be a personal financial hit because she wouldn’t be able to recoup much of it. Ask her donors to redirect $23.7 million they gave for her presidential general election campaign to her Senate campaign committee.

Meanwhile, try to raise some fast cash - possibly with assistance from her vanquisher, presumptive Democratic nominee Barack Obama - to pay off vendors who might sue her presidential campaign, leaving “friendly” debt to be paid down gradually as she raises money from her Senate perch.

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