Bank of America donating to possibly illegal PAC
I’m sure to a company about to lay off 7500 employees doling out a $150k to help John McCain is a no brainer.
The GOP is raising tons of cash for the Republican Governors Association, which is a so-called 527 group and permits donors to exceed the $2,300 individual cap that applies to presidential campaigns. Although these groups are barred from soliciting money for presidential candidates, the association is telling prospective contributors that money for the association will ultimately help out McCain at the top of the ticket.
Of course the association’s fund is getting cash from big corporations like Pfizer, Bank of America Corp. and Travelers, which have given $150,000 or more. But that’s not the main target of this fundraising effort.
Yet the whole situation is dubiously legal. In 2005 the Federal Election Commission banned such groups from soliciting donations by pledging help to a federal candidate. Even the McCain camp questions the pitch tactics.
“If it is in fact telling its donors their money will help elect McCain they are being inaccurate,” said McCain spokesman Brian Rogers, told the Journal, noting the group cannot legally attempt to sway a federal race. But he said that because he had not yet seen evidence the group is campaigning on Sen. McCain’s behalf, “It’s not an issue.”
Huh! this is not new. Bank of America just like MBNA “tell their employees who to vote for”, tell them “to join civic associations, Kiwanis, etc, etc….to make sure the GOP philosphy is applied everywhere. How do I know? Had a niece that worked at MBNA, and one at Bank of America. These corporations even encouraged their employees to “maintain friendships within the company. I am not at all surprised at the last “corporate fix”.
I worked there for 10 years and was never told who to vote for or to maintain friendships within the company.
Corporate PACs can take donations only from management and professionals.
Unions are less than fastidious.
I dropped out of such PACs because they often donated to officials who voted against my interests as well as those of my employer. It was if they were paying tribute to reduce the pain a bit.
The only thing you don’t like about it is that free people are supporting a Republican. There is nothing illegal about it. You only wish it were.
Unions are less than fastidious
Your opinion I’m glad that you work /worked for such an honorable employer alot of people don’t