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Current Events => Politics => Topic started by: BlueStateSaint on September 23, 2012, 09:47:30 AM

Title: DNC Literally in Hock to SEIU
Post by: BlueStateSaint on September 23, 2012, 09:47:30 AM
Got this from Joe Miller's site Restoring Liberty.

Quote
DNC Literally in Hock to SEIU

DNC owes millions to union-owned bank, records show

BY: Andrew Stiles
September 21, 2012 2:10 pm

The Democratic National Committee (DNC) owes at least $8 million to a bank owned by one of the largest unions in the country, according to the committee’s most recent financial report.

The DNC initiated an $8 million loan with the Amalgamated Bank of New York on Aug. 10, the report shows, accounting for the majority of the committee’s overall debt of $11 million.

Amalgamated Bank, often described as “America’s Labor Bank,” is a national entity, the majority of which is owned by the Service Employees International Union (SEIU), a politically active union with deep ties to the Democratic Party. The SEIU is also involved with the Democracy Alliance, a shadowy group of wealthy left-wing donors founded by billionaire investor George Soros.

The bank announced in an August press release that the DNC had “moved its primary banking relationship” to Amalgamated Bank, which would handle the committee’s “day-to-day banking needs.”

The DNC had previously done most of its banking with Bank of America, which helped finance the Democratic convention in Charlotte.

Soros has his tentacles in a lot of things, doesn't he?

The link is here:  http://freebeacon.com/dnc-literally-in-hock-to-seiu/
Title: Re: DNC Literally in Hock to SEIU
Post by: Linda on September 23, 2012, 09:58:14 AM
DUmmies are dead beats weather they are sucking off the government or running the government.
Title: Re: DNC Literally in Hock to SEIU
Post by: Undies on September 23, 2012, 10:32:04 AM
I thought all Obamo had to do was shake his moneymaker and the dollars came running.  Why is the DNC "borrowing" anything?
Title: Re: DNC Literally in Hock to SEIU
Post by: SSG Snuggle Bunny on September 23, 2012, 12:36:04 PM
So, there's the political optics...

...but if the DNC defaults on the loan the SEIU would take a serious financial shot that could cripple them.
Title: Re: DNC Literally in Hock to SEIU
Post by: BlueStateSaint on September 23, 2012, 01:03:54 PM
Quote from: SGT Snuggle Bunny on September 23, 2012, 12:36:04 PM
So, there's the political optics...

...but if the DNC defaults on the loan the SEIU would take a serious financial shot that could cripple them.

 :sosad:

www.sadtrombone.com
Title: Re: DNC Literally in Hock to SEIU
Post by: docstew on September 24, 2012, 05:54:32 AM
Quote from: SGT Snuggle Bunny on September 23, 2012, 12:36:04 PM
So, there's the political optics...

...but if the DNC defaults on the loan the SEIU would take a serious financial shot that could cripple them.

And Debbie Blabbbermouth Schultz will get a visit from a gentleman with a name like "Johnny No-Neck"