Author Topic: DNC Literally in Hock to SEIU  (Read 1319 times)

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Offline BlueStateSaint

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DNC Literally in Hock to SEIU
« 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/
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Offline Linda

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Re: DNC Literally in Hock to SEIU
« Reply #1 on: September 23, 2012, 09:58:14 AM »
DUmmies are dead beats weather they are sucking off the government or running the government.
A liberal who is mugged by reality becomes conservative.

Offline Undies

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Re: DNC Literally in Hock to SEIU
« Reply #2 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?

Offline SSG Snuggle Bunny

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Re: DNC Literally in Hock to SEIU
« Reply #3 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.
According to the Bible, "know" means "yes."

Offline BlueStateSaint

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Re: DNC Literally in Hock to SEIU
« Reply #4 on: September 23, 2012, 01:03:54 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:

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"Timid men prefer the calm of despotism to the tempestuous sea of Liberty." - Thomas Jefferson

"All you have to do is look straight and see the road, and when you see it, don't sit looking at it - walk!" -Ayn Rand
 
"Those that trust God with their safety must yet use proper means for their safety, otherwise they tempt Him, and do not trust Him.  God will provide, but so must we also." - Matthew Henry, Commentary on 2 Chronicles 32, from Matthew Henry's Commentary on the Whole Bible

"These anti-gun fools are more dangerous to liberty than street criminals or foreign spies."--Theodore Haas, Dachau Survivor

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Offline docstew

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Re: DNC Literally in Hock to SEIU
« Reply #5 on: September 24, 2012, 05:54:32 AM »
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"