DNC on Hook (Literally) to SEIU

DNC on Hook (Literally) to SEIU

[media-credit name=" " align="alignright" width="218"][/media-credit]The Free Beacon has discovered that 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. DNC chairwoman Debbie Wasserman Schultz hailed the transition to Amalgamated Bank, and noted the longstanding political and financial ties between the two organizations.

Another SEIU Purple Paragon Fades Away:  Anna Burger Resigns

Another SEIU Purple Paragon Fades Away: Anna Burger Resigns

For those SEIU Watchers wondering when SEIU’s longtime number two Anna Burger is going to step down, the wait is over.  Answer:  Wednesday August 11, 2010 according to BNA: Anna Burger, the long-time secretary-treasurer of the Service Employees International Union, and chair of the Change to Win federation, Aug. 11 announced her retirement from both positions effective immediately. In a statement, Burger said she is “committed to building a permanent and sustained progressive majority,” adding, “we need a coordinated progressive infrastructure that protects our American values of fairness and justice, and I intend to be part of that work.”