Good News/Bad News about SEIU going broke.

    The good news is, of course, that they’re going broke: as Classical Values, Big Government, & 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’s been a while since I read a balance sheet, but it’s not pretty: and it explains a couple of | Read More »

    Good News/Bad News about SEIU going broke.

    The good news is, of course, that they’re going broke: as Classical Values, Big Government, & 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’s been a while since I read a balance sheet, but it’s not pretty: and it explains a couple of | Read More »