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Saturday, May 1, 2010

CA: Poizner Uses Goldman against Whitman

On January 22, 2004, the San Mateo County Times wrote of Poizner's race for State Assembly:

He is personally guaranteeing a $500,000 loan to his campaign by Goldman, Sachs and Co., according to campaign finance records. He leads the field with $586,100 and has no challengers for the Republican nomination.

Loans from commercial lending institutions, such as Poizner's, do not count against the $100,000 Proposition 34 loan cap. Arnold Schwarzenegger used the same provision to secure a $4.5 million loan for his gubernatorial campaign.