You’ve got to give Enforcement Czar and SEIU boss Andy Stern credit: he’s got a major set of cojones.
Fresh off his health care reform victory, he’s renewing his attack on Bank of America, one of the banks SEIU and ACORN targeted during the foreclosure crisis and bank bailouts. Bank employees reportedly received a memo saying “that SEIU is ramping up a big attack on the banks again about derivatives,” according to sources.
What makes Stern’s attack particularly audacious is that, according to SEIU’s latest LM-2 financial report filed with the federal Department of Labor, the union currently has an outstanding loan of $94,578,779 from Bank of America. It has repaid a paltry $1,740,250.
In true SEIU (and ACORN) fashion, we’re willing to bet the union will be use its public besmirching of Bank of America to attempt renegotiate the terms of its loan, or better yet, have a bit of the massive debt waived.
If only the average Joe could treat corporate America, or the IRS, in such a way and reap the financial dividends. Alas, we’d end up in jail. Yet somehow SEIU or ACORN get away with using such tactics.
If Bank of America wants to eliminate this major thorn in its side, it should publicize how much money it has loaned to the union, and ask the public why this organization would treat one of its major funders so badly.
The bank could also pose another interesting question to the public – if Bank of America is such an awful entity, why did the morally superior SEIU stoop so low to do business with it?
Or better yet, the bank could call the terms of the loan, demanding immediate repayment. Andy Stern’s power trip and frequent visitor status to the White House would all come crashing down.
It would be refreshing to see Corporate America wake up for a change and defend itself against slimy characters like Stern, who are happy to use the bank’s money to further their goals, then turn around and stab the institution in the back long before repaying the loan.
The public deserves to see the entire picture. We wish Corporate America would find some pluck and give us the rest of the story.