2 chapters across the catalog
The hosts question how the DNC could be broke after Barack Obama's record-breaking fundraising during two presidential terms. They discuss the requirement for committee chairs to pay for their positions and wonder where the millions of dollars in party funds were spent. A brief linguistic tangent explores the etymology of the word "coffers," noting its Dutch root *koffer* meaning suitcase.
Australian Bank Account Seizures, Unclaimed Money Laws
Starting May 31, 2013, the Australian government will be authorized to transfer funds from bank accounts that have been inactive for three years into state coffers. While the money can be claimed, the process is reportedly lengthy. The hosts compare this to similar "escheatment" laws in U.S. states like California, where the government seizes private assets under the guise of protection.
