https://redstate.com/moe_lane/2011/03/04/good-newsbad-news-about-seiu-going-broke/feed/Conservative News & Politicsen-usWed, 10 Jun 2026 02:28:14 -0400<![CDATA[The good news is, of course, that they&#8217;re going broke: as Classical Values, Big Government, &amp; DRScoundrels helpfully note, in 2009 SEIU was $85,000,000 in debt, with fully one-third of its assets tied up in real estate (its headquarters) and the rest not-really-offsetting the debt.  It&#8217;s been a while since I read a balance sheet, but it&#8217;s not pretty: and it explains a couple of things handily, like Andy Stern&#8217;s sudden leaving of SEIU and that bizarre incident last summer involving the Bank of America official and his kid (SEIU owes $81,000,000 to Bank of America).  The 2010 report should be due out at the end of the month (you will be able to search for it here); it should make for fascinating reading.]]>Fri, 04 Mar 2011 10:00:55 -0500<![CDATA[Moe Lane]]>https://redstate.com/moe_lane/2011/03/04/good-newsbad-news-about-seiu-going-broke-n38177