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To: Al B.
A general question related to PACs and campaign bank accounts. What can they and/or do they do to maintain the principle... can they collect bank interest? Can they place money in a money market fund?

OR, if inflation were to jump a bit, does that whittle away their buying power?

Just wondering if their is further political incentives for those currently in power to weaken the dollar, besides their underlying agenda.

3 posted on 10/12/2010 9:08:37 AM PDT by C210N (0bama, Making the world safe for Marxism)
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To: C210N

The laws may have changed, but campaign accounts could (back in early 90’s) earn simple interest or put money in any not-at-risk investment. You couldn’t buy stock, nor could you invest in a mutual fund, but CD’s and savings accounts were OK because the principal was not at risk.

Campaign accounts are subject to the same threats as anybody’s savings...if the dollar weakens, the money is worth less; if they print more money, the money is worth less; etc.


9 posted on 10/12/2010 10:29:18 AM PDT by TexasGunRunner (Spay or neuter your pet coons; especially the bearded marxist variety!)
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