Republican National Committee spent $900K of $5.5M on an insurance payment: campaign reports

RamboLiberal

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Mon Aug-23-10 05:13 PM
Original message

Republican National Committee spent $900K of $5.5M on an insurance payment: campaign reports

Source: NY Daily News/AP

The Republican National Committee's $5.5 million in July receipts includes a $900,000 insurance payment, helping boost anemic fundraising by the national party.

Federal campaign reports show that Democratic Party committees maintained a cash on hand advantage over their Republican counterparts as they entered the final three months before the election.

The Republican Party's insurance payment was from Illinois National Insurance, a subsidiary of insurance giant American International Group. A party official said the money was for an insurance claim but said there was a confidentiality provision in the agreement. The official was not authorized to discuss the claim publicly and spoke on the condition of anonymity.

The official said the payment was not related to AIG's financial troubles, which required a massive federal bailout.

Read more: http://www.nydailynews.com/news/politics/2010/08/22/2010-08-22_republican_national_committee_spent_900k_of_55m_on_an_insurance_payment_campaign.html

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pinboy3niner

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Mon Aug-23-10 05:25 PM
Response to Original message

1. Maybe the theme-lesbians at the bondage club got too rough?

:evilgrin:

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bluestateguy

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Mon Aug-23-10 05:29 PM
Response to Reply #1

2. I was just going to say

Maybe some of their big fat white asses were still sore from the whippings they got at the bondage club.

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tanyev

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Mon Aug-23-10 05:34 PM
Response to Original message

3. So they would have had only 4.6 million without the insurance payment?

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:rofl:

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Downwinder

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Mon Aug-23-10 05:38 PM
Response to Original message

4. Wonder if it had anything to do with the Convention in St. Paul? n/t

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AlbertCat

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Mon Aug-23-10 06:05 PM
Response to Original message

5. a payment for driving the country off a cliff, perhaps?

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RamboLiberal

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Mon Aug-23-10 06:19 PM
Response to Reply #5

6. Bad headline by NY Daily News since apparently

they received an insurance payment not had to spend on one.

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seattleblue

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Mon Aug-23-10 07:53 PM
Response to Original message

7. Bad OP headline.

Edited on Mon Aug-23-10 07:54 PM by seattleblue

The RNC Received the payment. They did not pay it out.

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hughee99

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Mon Aug-23-10 08:26 PM
Response to Reply #7

8. It was on Ted Stevens

their new revenue stream is taking out life insurance policies and waiting for "accidents". They know all about how "accidents" happen. Poor Ted had to take one for the team.

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seattleblue

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Mon Aug-23-10 08:32 PM
Response to Reply #8

9. I wonder who would sell a life insurance policy on a 86 year old

who flies in small planes around Alaska. I wouldn't think they would be in business very long.

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hughee99

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Mon Aug-23-10 09:16 PM
Response to Reply #9

10. Someone looking to do favors for politicians.

Edited on Mon Aug-23-10 09:18 PM by hughee99

on edit, sorry, forgot my hat :tinfoilhat:

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