PDA

View Full Version : McCain borrowed money from bank, used fundraising list as collateral!!!!




sharedvoice
02-07-2008, 05:27 PM
SOURCE: http://www.politico.com/news/stories/0108/7837.html

When John McCain’s presidential campaign all but went broke, it borrowed money from its bank using its fundraising list as collateral.

Problem: McCain’s own privacy policy promises donors he won’t sell their information.

That seems to put the Republican senator's campaign in a pickle; either it pledged to its bank proceeds from something it can’t sell, or it offered to violate its own promise to donors.

McCain spokeswoman Jill Hazelbaker stressed that the campaign pledged all of its assets as collateral, not just the list.

“Such a blanket pledging,” she said, “is normal procedure for a bank loan — and does not mean that they can [or] would ever be used in any way that violates our policies.”

The privacy policy on Arizona Republican's website states: “John McCain 2008 will not sell your information to third parties or any commercial entities.”

Fundraising lists are valuable political commodities, since they offer the possibility of millions of dollars in contributions. And campaigns routinely rent or trade them.

McCain’s use of his list as collateral, however, could open the unlikely possibility of donors suing his campaign for breach of contract.

sharedvoice
02-07-2008, 05:29 PM
Why Did McCain Block Release of POW Info?

McCain's ace in the hole is the rock solid support his former POW status engenders from veterans. Why, then, did he single handedly block the release of MIA/POW records? In doing so, he thwarted a 401-0 vote in the House and left families of MIA's stunned. Why? A new documentary narrated by Ed Asner explores this question and reaches the apparently compelling conclusion that McCain's motivation was to suppress his own records. From this, they move to speculation about what is in those records. I can't speak to the veracity of that speculation because ... we don't have the records. Whatever conclusions we reach on the latter front, McCain should be compelled to squarely address his suppression of these records. For more background, here is a 2005 piece (http://www.villagevoice.com/news/0523,schanberg,64705,6.html) in the Village Voice. [ht: I Perceive (http://iperceive.net/john-mccain-hanoi-collaborator/)]

RickyJ
02-07-2008, 05:33 PM
McCain is the fall guy to Hillary. He knows it and accepts his role. It's all he will ever get in his political life.

Phantom
02-07-2008, 05:34 PM
I found the article on digg so we might as well help move it to the front page.

It was submitted 27 days ago.

http://www.digg.com/politics/McCain_loan_could_violate_donor_privacy_while_goin g_broke

sharedvoice
02-07-2008, 05:35 PM
I found the article on digg so we might as well help move it to the front page.

http://www.digg.com/politics/McCain_loan_could_violate_donor_privacy_while_goin g_broke

dugg ;)

LiveToWin
02-07-2008, 05:36 PM
And the AA guns just keep Firing Away

I LOVE IT :D

AlbemarleNC0003
02-07-2008, 05:37 PM
MSM never mentioned it.

mahopaul
02-07-2008, 05:37 PM
"McCain borrowed money from bank"

I knew he was crazy...

dannno
02-07-2008, 05:39 PM
damn.. we shoulda donated to his campaign so we could sue him..

slantedview
02-07-2008, 05:51 PM
this is damning stuff, but it came out a while ago and the media didn't care.

Grandson of Liberty
02-07-2008, 06:03 PM
this is damning stuff, but it came out a while ago and the media didn't care.

I'm guessing they'll find it newsworth around mid-October. :rolleyes:

CurtisLow
02-07-2008, 06:03 PM
McCain borrowed money from bank, used fundraising list as collateral!!!!

If so this would be a second time with the same fundraising list!

MrHellebusch
02-07-2008, 07:30 PM
And people want this guy to be in control of the information gathered on our citizens by our government?

RSLudlum
02-07-2008, 07:42 PM
Well if they didn't bite the first time....let's give 'em the bait again!!!! Just posted a bulletin on myspace...get the word out :D

RoyalShock
02-07-2008, 07:58 PM
So he basically just shifted the burden of his loan to his donors. Real stand-up move there Johnny.

Honestly, what other "assets" could his campaign have that would amount to much of anything? I doubt McCain campaign materials will be worth much.

If I were one of his donor's I'd be seriously miffed.