Monday, May 24, 2010
Teh Narrative Thickens
bullshit within bullshit
Bemember 500 screaming, placard-waving, police-escorted strangers on a lawn?
‘We spent a fortune to elect Barack Obama,” declared Andy Stern
...Bloomberg News reports that [Tom Buffenbarger, president of the International Association of Machinists and Aerospace Workers, who sits on the AFL-CIO’s finance committee] is circulating a report claiming the AFL-CIO engaged in “creative accounting” to conceal financial difficulties heading into last year’s Presidential election. As recently as 2000, the union consortium of 8.5 million members had a $45 million surplus. By June of last year it had $90.6 million in liabilities, or $2.3 million more than its $88.3 million in assets. “If we are not careful, insolvency may be right around the corner,”
...According to its 2008 disclosure form, the union owed more than $156 million
In 2007, the SEIU owed Bank of America nearly $95 Million.
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