Sunday, July 29, 2007

Della's Acceptance of Contributions from Predatory Lenders

A recent post at The Paper Noose about the contributors to the David Della and Tim Burgess campaigns led me to poke around in the Seattle Ethics and Election Committee's website.

I was surprised to find that Della, who's basically running on the I-support-the-poor-and-minorities platform, has accepted $800 in contributions from executives at Moneytree, a payday loan outfit that charges residents of mostly poor and minority communities up to 391% in interest on payday loans.

From Seattle's list of the employers of Della campaign contributors:

MONEY TREE INC $800


If you dig a little deeper, you'll find that it all came from the President and Director of Community Development.

David Gandara Moneytree, Inc. Director, Community Devel 5/25/07 $50
David Gandara Moneytree, Inc. Director, Community Devel 4/5/07 $300
Dennis Bassford Moneytree, Inc. President 10/23/06 $300
David Gandara Moneytree, Inc. Director, Community Devel 10/23/06 $150


Blogger won't let me add a poll to this post unfortunately, but they let me add it to the sidebar (do you see it at right?). Do you think that the Della campaign will accept my comment on this post in his blog?

Della has more contributors than any other candidate

According to the latest filings, David has nearly 700 contributors to his campaign, well more than any other Council incumbent or challenger. David has always relied on small contributors to help support his campaign because it reflects the kind of community he wants.


My comment, which is currently "awaiting moderation":

Do the big contributions he’s accepted from the President and Director of Community Development of Moneytree — a payday loan facility that sets up shop in poor neighborhoods and charges residents up to 391% in interest — also reflect the kind of community he wants?


I hope they accept it! It would be the blog's very first comment since its inception in early May.

No comments: