Obama Foundation Can Have Board Members Back its Construction Loans
Changes to a $250 million credit line allow directors to personally guarantee the non-profit's debt
The Barack Obama Foundation, created to finance and build a presidential library for the former commander-in-chief, arranged for its Wall Street-heavy board of directors to potentially help shoulder the project’s $850 million price tag.
The directors, many of whom hail from the money management industry, would be able to personally guarantee the foundati…