RNC treasurer says Steele hid $7 million in debt

[Vette73]

RNC treasurer says Steele hid $7 million in debt
http://news.yahoo.com/s/yblog_upsho...c-treasurer-says-steele-hid-7-million-in-debt


For some reason Republicans have not liked Steele from day one. I whonder why the Treasurer is airing republican landry so close to elections. Unless he thinks someone is setting him for the fall?

 

[JSt0rm]

wait the rnc is in debt 7.1 million? I r confuse.

 

[rudder]

wait the rnc is in debt 7.1 million? I r confuse.

Helps to read the article...
A top Republican National Committee official is accusing Chairman Michael Steele of failing to report more than $7 million in debt to the Federal Election Commission to make its cash haul look healthier ahead of this year’s crucial midterm elections.

 

[her209]

 

[Fear No Evil]

Increase that to 7 trillion and he may be qualified for President.

 

[Thump553]

The treasurer is THE person that is legally responsbile for reporting both the contributions and the expenses of the party. The party's position that it doesn't matter because the 7.1M in debt has been paid is flat out wrong.

Even if that the 7.1M in debt has been paid, the treasurer is the person responsible for making those payments and should certainly have been aware of it.

This is not a matter of a simple bookkeeping error or misunderstanding. Someone-either the treasurer or Steele/RNC is flat out lying. Given the treasurer did the right thing by filing an amended report immediately, as is his legal responsibility, my money is on the treasurer being the truthful party.

It's amazing how many fireable offenses Steele has survived to date.

 

[Patranus]

Steele has to go.

 

[nageov3t]

it seems like most people have already stopped giving money to the RNC and donated it elsewhere (Republicans Governors Association and whatnot)

 

[hal2kilo]

it seems like most people have already stopped giving money to the RNC and donated it elsewhere (Republicans Governors Association and whatnot)

Go Steele, Go!

 

[nageov3t]

Go Steele, Go!

eh. it's not like they're not giving money to republican candidates, they're just giving it to Y and Z instead of X.

 

[Lemon law]

Well hiding prior debt is a deception and not outright theft, but who knows, maybe our RNC chairman can justify his last name of Steal. Maybe the spelling police can bust me by pointing out his actual last name is properly spelled Steele.

But I still rest my case, that Steele politically correct spelling is a deception too. Maybe ole Robert can legally change his last name to Hide. Maybe that is the GOP problem, not enough people named Seek.

 

[Red Dawn]

Palin get a new wardrobe?

 

[Fern]

Really need to wait for more info before drawing any conclusions.

The accountants around here will understand immediately that if $7 mil in debt is wrongly ommitted from the balance sheet, there's another $7 mil error somewhere otherwise the books wouldn't balance.

Fern

 

[Lemon law]

Ah but we miss the point, if the GOP doctored the books in a fraudulent report already submitted to the Federal government, the Federal government can and very well might fine the RNC millions of dollars the GOP really needs to run their mid-term election campaign to buy all the advertising air time.

Even if we buy the Fern contention, that there is another 7 million wrongly reported, the Federal election oversight poo bahs will be even less amused.

But still, to be fair, as I read the news links, the slam dunk case is yet to be made that Steele submitted a fraudulent filing. And that final definitive answer may be days or weeks away.

 

[JS80]

Really need to wait for more info before drawing any conclusions.

The accountants around here will understand immediately that if $7 mil in debt is wrongly ommitted from the balamce sheet, there's another $7 mil error somewhere otherwise the books wouldn't balance.

Fern

bingo.

 

[CallMeJoe]

The accountants around here will understand immediately that if $7 mil in debt is wrongly ommitted from the balance sheet, there's another $7 mil error somewhere otherwise the books wouldn't balance...

...depending on which set of books you check...

 

[Lemon law]

bingo.

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Bingo maybe, totally bunk maybe, I can wait for the facts rather than puffing up anything.