Wachovia

Should Duke Energy Shareholders Be Nervous About DNC Loan Guarantee?

Jim Rogers and windmill photoIn March NLPC reported that Duke Energy guaranteed a $10 million loan to the Democratic National Committee to host its 2012 convention in Charlotte, NC – the utility’s hometown. Now Duke CEO James Rogers – who heads the fundraising effort as co-chair of the DNC host committee for the convention – is silent about how much money has been brought in so far.

Duke Energy CEO Rogers Plays Politics With Shareholder Money; $10M Credit Line for Democrats

Jim Rogers/windmill photoWell, the second-largest banking city in the nation won the rights to host the Democratic National Convention in 2012, so you think the big TARP beneficiaries based in Charlotte might be the ones to step up to guarantee the funds for DNC to do its thing. You know, maybe Bank of America, which is the largest financial institution by assets in the country. Or Wachovia, now Wells Fargo, which has a lot of civic pride and survived thanks to the government intervention.

The Case Against Slave Reparations

Reparations coverThis 48-page monograph was written by NLPC President Peter Flaherty and NLPC Director of Policy John Carlisle. First published in 2004, it was extensively updated in 2008. NLPC recently gave permission to Cengage Learning to reprint pages 18-20 in a forthcoming book titled Global Viewpoints: Slavery.

Click here or on the cover to the right to download the pdf version.

NLPC is a critic of banks that caved in to pro-reparations activists.  JPMorgan Chase, Bank of America, Wachovia and now-defunct Lehman Brothers “apologized” for alleged links to slavery.

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