Sunday, January 14, 2007

Democracy Bonds?

Just heard on Fox about the Democracy Bonds being sold by the Howie Dean and the democratic party. Boy this doesn't seem to ethical. Click on the link it is very misleading. Something like this has to violate some kind of security law.

They are actively marketing this, wonder why the MSM has not picked up on it. I know if the Republican Party did this there would be people calling for someone's head!

Did a search and found this below at Smart Money;

From Jonathan Hoenig managing member at Capitalistpig Hedge Fund LLC.;

It's deception because out here in the real world, a bondholder has an actual, legal economic interest in an entity. Buying a bond, be it a government bond, a corporate bond, a foreign bond or a junk bond — any bond — is in no way akin to making a donation.

But that's exactly how Democracy Bonds are marketed, casting a subtle nod to previous "Liberty Bonds" and "War Bonds" issued by the government during the World Wars I and II. Of course, those were actual IOUs that paid interest. This is a donation that's played up to be a security — it is not. Tiny print reminds readers: "Your contribution is not a financial investment; you will not receive any interest, dividends or other return of any kind."

Yet Gov. Howard Dean, chairman of the Democratic National Committee, is noted to have "bought the first one himself." A slideshow profiles some of the "Committed Democracy Bondholders." A tab on the web site allows participates to "Manage your Bond" and links to "Bondholder Resources." But this isn't a bond. It's a tote bag from PBS.

Given the Democrats' public commitment to ethics reform, the "Democracy Bond" campaign is downright demeaning. After all, if I printed up a fake security and sold it as a "bond" even though I had no intention of repaying, they'd throw me in jail. more.......


  1. It is stupid - but it will raise them money, and that is all they care about.

  2. You are 100% correct. It really suprises me that I have only heard it on Fox. Well then again, maybe not. The MSM seems to "forget" these types of things for the dems.


  3. Gee, imagine that!!! The Ds have redefined the term "Junk Bond"!! :D


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