Volume 11 ••• Fall 2012
Grapevine: DNC reportedly switching banks
by Bret Baier
August 13, 2012
And now some fresh pickings from the Political Grapevine...
Bank On It
The Democratic National Committee (DNC) is making a big withdrawal from Bank of America.
A party official tells the Wall Street Journal the DNC intends to move all of its business to Amalgamated Bank the only labor-owned bank in the country.
The move will not be completed until after the election but will be announced in the next few days.
Huffington Post points out that that could make things a bit awkward with the president's re-election campaign since it uses Bank of America as it did during the 2008 campaign.