posted on Sep, 21 2012 @ 08:12 PM
DNC Literally in Hock to SEIU
It seems the Democratic National Committee has secured a loan from a bank called Amalgamated Bank of New York.
Guess who is majority owner that bank.....
A Union. The SEIU.
The SEIU is also a major political contributor to Democrat candidates.
DNC chairwoman Debbie Wasserman Schultz is in full support naturally.
Sounds like that bank is a "Hefty-Leftie" outfit
DNC owes millions to union-owned bank, records show
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....
edit on Sep-21-2012 by xuenchen because: