Stop MBNA: Get the DEMCARD

[Carolab]

http://www.buyblue.org/archives/2005/05/democratic_part.html#more

[oscar111]

1. what's MBNA?

ccc

[Carolab]

5. The largest credit card company and Bush's #1 contributor n/t

http://www.mbna.com/about/company_profile/overview.html

[DearAbby]

2. Great idea!

:kick:

[serryjw]

3. I have a better Idea........

BARBARA BOXER 2008! Lets start raising money NOW!

[Maat]

4. Thanks for the link!

I took down the info. to check out.

[Joebert]

6. MBNA is evil.

I am not here to bash the Demcard, but it is noteworthy that they are based in exactly the same city/state as MBNA.

Wilmington, DE.

This state, like South Dakota, has very ugly corporate leanings, which is why so many businesses are based there.

Many companies have their HQ somewhere, and the financials taken care of in Delaware due to the tax laws.

I wonder if the Demcard just happens to be there, or is there for the same corporate tax protections that we're all so against.

[Carolab]

7. The story on MBNA here

http://www.findarticles.com/p/articles/mi_m1329/is_3_29/ai_n6134165

During the 2000 presidential campaign, MBNA chairman Charles M. Cawley raised $370,000 for George W. Bush, including $240,000 from his own employees. He also personally contributed $5,000 to Bush's Florida recount team and $100,000 to the Bush/Cheney inauguration. All that cash made MBNA Bush's largest corporate donor. (Cawley, now retired, has pledged to raise at least $200,000 as a Bush "Ranger" this year.)

The president has expressed his gratitude by promising to sign a bill that would make it harder for maxed-out Americans to declare bankruptcy. Credit card users owe MBNA $82 billion; the proposed law--passed by the House, currently working its way through the Senate--would boost the bank's profits by $75 million a year.

MBNA is not alone in its political largesse. You might think you're just racking up frequent-flier miles every time you say "charge it" But a re you also supporting a political party? Below, the total campaign contributions made by the 10 largest credit card companies in the 2000, 2002, and 2004 election cycles.

CREDIT CARD DONATIONS DONATIONS % MORE
COMPANIES TO GOP TO DEMS TO GOP

MBNA CORP. $5,178,759 $1,150,190 350.3%
CAPITAL ONE
FINANCIAL $700,007 $190,670 267.4%
HOUSEHOLD/HSBC $1,470,053 $696,211 111.2%
DISCOVER/MORGAN
STANLEY $3,555,825 $2,210,977 60.8%
BANK ONE CORP. $1,931,678 $1,325,874 45.7%
AMERICAN EXPRESS $1,180,459 $869,878 35.7%
JP MORGAN
CHASE $1,080,463 $995,365 8.5&
BANK OF AMERICA $1,797,290 $1,659,170 8.3%
CITIGROUP INC. $4,508,193 $4,330,071 4.1%
PROVIDIAN $466,110 $519,389 -10.3%
TOTAL $21,869,337 $13,947,795 56.8%
COPYRIGHT 2004 Foundation for National Progress
COPYRIGHT 2004 Gale Group