DNC Literally in Hock to SEIU

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posted on Sep, 21 2012 @ 08:12 PM
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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.



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....


Sounds like that bank is a "Hefty-Leftie" outfit



edit on Sep-21-2012 by xuenchen because:







 
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