The Democratic National Committee, stung by its association with Bank of America after Bank of America has come under fire from the left for its foreclosure policies, is trying to put space between itself and B of A. It’s not that Bank of America has done anything illegal. It’s that they have the temerity to foreclose on bad borrowers. In Obama’s redistributionist world, that’s a sin punishable by excommunication.
The DNC is going to move its cash to the union-affiliated Amalgamated Bank. The DNC currently uses B of A for all of its banking, and Obama is slated to accept the Democratic nomination at the Bank of American Stadium in North Carolina. Perhaps they’ll conveniently rename it Spread The Wealth Around Arena.
Bank of American employees are already pulling their cash in droves from the Obama campaign – and no wonder.