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By Brahma Chellaney
Independent voices from the The Washington Times Communities
Topic - Dan Murrey
The Democratic National Committee has no plans to repay Duke Energy for an unprecedented $10 million line of credit it guaranteed to help the Democratic convention's local host committee put on President Obama's three-day nominating convention in Charlotte, N.C., last September.
Five months after President Obama's made-for-media convention in Charlotte, N.C., the host committee for the three-day Democratic bash still has not paid off an unprecedented $10 million loan secured by Duke Energy, and there is no way of knowing whether it will ever be paid back.
The Democratic National Convention in Charlotte, N.C., is shaping up to be a rickety display of party unity, with labor boycotts, fundraising shortfalls, scheduling changes, official snubs, a major gay-rights embarrassment, a sex scandal and a Republican resurgence in the host state.
Mr. Murrey told The Washington Times only that the line of credit was with two banks — Bank of America and Mechanics & Farmers Bank, which is headquartered in Charlotte.
When The Washington Times contacted Dan Murrey, a surgeon in Charlotte who was chairman of the convention host committee, he said the loan was a line of credit with two banks — Bank of America and Mechanics & Farmers Bank, with headquarters in Charlotte.