Candidates going into debt – and might not get bailed out
Fascinating story in the OC Register today regarding a number of local candidates who have taken out loans to boost their campaigns – only to find out in the recent court decision regarding Schwarzenegger’s loans to himself, that you cannot recoup the investment. My favorite example is Mark Leyes taking out a loan for $82,500 – and he talked his sister into loaning him over $48,000. Oops. Bet he wishes he could take that back! I am predicting that Van Tran, Leyes’ opponent for the 68th Assembly District, will run away with the primary, leaving Leyes holding a large bag indeed. You can read the whole article at http://www2.ocregister.com/ocrweb/ocr/article.do?id=78216.
Oddly, the scenario outlined below rings of a similar situation Chubby attempts to articulate. And what business do the Bushalas…