Campaign 2010

Feb 21, 2008

Barletta’s Latest Loan Excuse Creates More Questions Than Answers

DCCC Press

Feb 21, 2008

Barletta's Latest Loan Excuse Creates More Questions Than Answers

The fact is that for six years Lou Barletta has filed reports with the Federal Election Commission that his campaign took out a $65,000 loan that accrued no interest and no payments were made. The fact is that Barletta has offered three different stories about this loan over the past 11 days. Mr. Barletta's first story was, "that no money from any bank was ever loaned" [Wilkes Barre Times Leader, 2/9/08]. Mr. Barletta's second story was that it was a "clerical error" [Citizen Voice, 2/15/08]. Now, Mr. Barletta's third story is, "it was a personal loan" [Wilkes Barre Times Leader, 2/21/08]. Even Mr. Barletta can't keep his story straight about this $65,000 loan, which raises more questions than answers.

"After two weeks and three different stories, Lou Barletta has yet to offer any proof that his $65,000 loan wasn’t a sweetheart deal," said Jennifer Crider, Communications Director at the Democratic Congressional Campaign Committee. "It's hard to believe that Lou Barletta is so confused about the details of a $65,000 loan -- hardworking Pennsylvanians know where their money comes from and responsibly pay their debts. With each new story, Lou Barletta creates more doubt about his questionable deal and his unwillingness to provide any evidence to support his stories makes you wonder what he's hiding."

The Unanswered Questions:

Where is Lou Barletta's documentation about who this loan was made to?

Where is the documentation that interest accrued on the loan at a rate of 5.25% as the FEC indicates were the terms of the loan?

Where is the documentation that payments have been made to F.N.B?