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| -Election 2012 |
| DNC Owes Union Bank $15M |
| 2012-10-21 |
| The Democratic National Committee (DNC) now owes $15 million to the union-owned Amalgamated Bank of New York, campaign finance records show. The DNC received a $7 million loan from the bank in September, in addition to the $8 million loan it took out the previous month, neither of which has been paid back. The loans account for the majority of the committee's $20 million in total debt. The DNC paid Amalgamated Bank more than $18,000 in loan interest for the month of September, the records show. 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 large, politically active union with deep ties to the Democratic Party. |
| Posted by:Fred |
| #3 Iff the Bammer is re-elected, maybe the DNC can demand he do a France .. To wit, * DEFENCE.PK/FORUMS > [French National Assembly]FRANCE APPROVES 75% TAX RATE ON HIGHEST [income]]EARNERS, for a two-year period on those making more than US$1.3Milyuhn or EU$1.oMilyuhn per annum, i.e. an estimated 1500 Persons. "To Each according to their Means". UMP LAWMAKER = argues that the 75% rate is a de facto punitive tax, + fears that an unknown number of Taxpayers will choose to leave France. "Taxpayers" also read - COMPANIES, ASSETS/INVESTMENTS + LOCAL JOBS, ETC. DERIVED THEREFROM. and * SAME > FRENCH REPORT [Govt.] TO URGE PAYROLL CUTS - MEDIA. Payroll tax only? The new law only affects those earning par or above 3.5X French gross minimum wage of EU$9.4 an hour or EU$1,425.67 an month. ARTIC = any lost Revenues must be made up by massive cuts in Public Spending, "far beyond" the original EU$10.0Bilyuhn envisaged in the 2013 Budget; + increases in VAT + CSG Levies. |
| Posted by: JosephMendiola 2012-10-22 00:19 |
| #2 That's the Bank of America whose name was censored from DNC convention reports, right? |
| Posted by: lotp 2012-10-21 11:08 |
| #1 Just wait... these clowns in the Jack-Ass Party think that their IOU's are good, because they have been lulled into believing in Obama Spending Policies, and they will pay the debt off. HUH ! If there ever was a reason for Banking reform this is it, NO BANK should be involved in campaign financing... Where is the collateral for the loan... Obama's balls ? ... he ain't got none... nor does the Head of the Dem Party Debbie Wasserman Schultz, but discussing that would get us into the "voting your feminine parts" instead of your intellect. So Debbie, do you have a PIMP to help you out in collecting for the debt ? |
| Posted by: Waldemar Mussolini7721 2012-10-21 02:33 |