Or $65,000 over ten years at 5.25% but never have to make a payment? That's the deal Lou Barletta got from Legacy Bank of Harrisburg when he last ran for Congress in 2002. I wish I could get a loan with terms like that.
The DCCC is alleging that Hazleton Mayor Lou Barletta's Congressional campaign in 2002 took out a loan that was supposed to be paid back by Jan. 25, 2003 but the due date was extended to Dec. 31, 2013 and says that no bank would make a 10 year unsecured loan to dormant committee of a losing candidate. The loan should be part of the $150,000 debt reported to the FEC ever since.
Barletta campaign spokesman David Millner thinks it's a clerical error saying “There was never a bank loan made to the campaign" and “The only loan made to the campaign was made by Lou personally.”
It looks to me like the Democrat's opposition research people have been waiting for Barletta to announce his run and have fired the first broadside with more to come. If this is not a "clerical error" I hope our ace reporters will find out who in the Legacy Bank approved such an arrangement.
10 hours ago