Hillary Clinton has finally resigned herself to the fact that losing the presidential nomination also cost her any chance of recouping the money she personally lent her campaign and has written off the $13.2 million still owed to her.

From the New York Times

Having spent more than a year on a failed effort to win the Democratic presidential nomination, Senator Hillary Rodham Clinton has officially recognized the multimillion-dollar toll that the campaign took on her personal assets.

Mrs. Clinton filed papers with the Federal Election Commission over the weekend formally writing off all of the $13.2 million she lent the campaign, plus $77,900 in interest on the loan.

Her giving up any hope of reclaiming the money, a step signaled in September when the statutory deadline passed for recouping all but a small piece of it,  confirms the financial strain that the fund-raising juggernaut of the Obama campaign placed on Mrs. Clinton personally.

And in addition to the personal loan, the same weekend filing showed that she still owed millions of dollars to dozens of vendors as of Nov. 30. She did manage to chip away at that debt in November, reducing by roughly $1.1 million the $7.5 million she owed at the end of October. The single biggest debt as of November’s end was $5.4 million, to the firm of Mark Penn, her former chief strategist.

The loss will sting but not really hurt the Clinton’s as they have prospered since leaving the White House with book and speaking deals and stand to gain even more after Hillary is finished with her Secretary of State gig.

 

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