News

**Sarah**

Democratic National Committee To Pull Funds From Bank Of America

Posted: 08/13/2012 12:43 pm Updated: 08/13/2012 1:47 pm

Democratic National Committee Bank Of America

Bank of America is likely about to lose a very prominent customer.

The Democratic National Committee will announce some time in the next few days that it’s pulling some of its business from Bank of America, the Wall Street Journal reports, citing a "Democratic Party official." Instead, the organization will keep its money at union-owned Amalgamated Bank. The process of moving all of the DNC’s money to Amalgamated will be completed after the election, according to the paper.

The move could make things a little awkward between the DNC and President Obama’s reelection campaign, which uses BofA for its banking needs. And as the Wall Street Journal notes, Obama will accept the Democratic presidential nomination at Bank of America Stadium in Charlotte, N.C., where the bank is headquartered.

The DNC is just the latest in a slew of organizations and cities to pull its money from BofA, and the move could put pressure on the Obama campaign to do the same. The city of Brockton, Mass., divested its $170 million account from BofA earlier this month, and a Bay Area priest pulled his church’s money from BofA last year, in order to protest the bank's foreclosure policies, according to the Bay Citizen.

continued

http://www.huffingtonpost.com/2012/08/13...d=webmail7

**Dial-up**

Former Governor of Illinois Blagojevich tried not to do business anymore with BofA, but he ended up in federal prison. What changed?

Bank of America

Blagojevich threatened to stop the state’s dealings with Bank of America Corp. over a shut-down factory in Chicago. On December 8, 2008 (the day before his arrest), all state agencies were ordered to stop conducting business with Bank of America to pressure the company to make the loans. Blagojevich said the biggest U.S. retail bank would not get any more state business unless it restored credit to Republic Windows and Doors, whose workers were staging a sit-in. John Douglas, a former general counsel for the FDIC and attorney for Bank of America, called Blagojevich's gambit dangerous.
[snip]

https://en.wikipedia.org/wiki/Rod_Blagojevich

**Foodnipple** · **Foodnipple** ♋ User ID: 114569 08-14-2012 11:45 AM **Posts: 4,849**

Dial-up Wrote:

Former Governor of Illinois Blagojevich tried not to do business anymore with BofA, but he ended up in federal prison. What changed?

Bank of America

Blagojevich threatened to stop the state’s dealings with Bank of America Corp. over a shut-down factory in Chicago. On December 8, 2008 (the day before his arrest), all state agencies were ordered to stop conducting business with Bank of America to pressure the company to make the loans. Blagojevich said the biggest U.S. retail bank would not get any more state business unless it restored credit to Republic Windows and Doors, whose workers were staging a sit-in. John Douglas, a former general counsel for the FDIC and attorney for Bank of America, called Blagojevich's gambit dangerous.
[snip]

https://en.wikipedia.org/wiki/Rod_Blagojevich

"Corruption charges"

[Image: 8F39_502A1E43.jpg]

**LoP Guest** lop guest User ID: 8123 08-14-2012 12:57 PM

If you fail to see the difference in those two items the only possible explanation is that you are republican Scream1