Mitt Doesn't Cry Over Lost Loans

Losing hurts, but it's a lot less painful when you're Mitt Romney.

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Losing hurts, but it's a lot less painful when you're Mitt Romney. We hear that the former GOP presidential candidate, who loaned his campaign $35 million, isn't even trying to recoup his loss. The reason: He's focused on raising money for Sen. John McCain and other Republicans. "Governor Romney has no plans either now or in the future to raise money so that he can retire his debt," says spokesman Eric Fehrnstrom. It helps, of course, that Romney entered the race after amassing a fortune of at least $200 million. And even if he had planned to eventually recoup the money after Election Day, he can thank McCain for messing that up: There is a provision in the McCain-Feingold campaign reform act that says fundraisers to pay off debts must end on Election Day, effectively the convention.