How legal can this be? If someone owed me that much money…wouldn’t you do all you could to keep them in POWER?????
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.
Dems have ‘fiduciary responsibility to those who invest in our party’ HOW LEGAL CAN THIS BE