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Detailed text transcripts for TV channel - MSNBC - 20111102:08:18:00

Non-profit s financial records but none turns up in herman cain s financial records. they say he s going to pay back the money to the non-profit, but herman cain doesn t list any of this as a debt he needs to pay, doesn t list it as anything else either. first things first, non-profits can t just pay for a campaign. you not only violate serious tax laws by doing that, you also make the candidate you are illegally funding potentially a felon for breaking campaign finance laws. but beyond that potential criminal culpability, there s also the question of where all the money came from. quoting from the journal sentinel, the records show prosperity usa, the non-profit in question, received $150,000 in loans from individuals who could not be identified. it s one thing to find out that herman cain s campaign is being illegally funded. it s another thing to figure out who is illegally funding it. joining us now is the reporter ....

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Detailed text transcripts for TV channel - MSNBC - 20111102:04:18:00

Singer who recorded the campaign s theme song. this concerns up in the non-profit s financial records ç but none turns up in herman cain s financial records. they say he s going to pay back the money to the non-profit, but herman cain doesn t list any of this as a debt he needs to pay, doesn t list it as anything else either. first things first, non-profits can t just pay for a campaign. you not only violate serious tax laws by doing that, you also make the candidate you are illegally funding potentially a felon for breaking campaign finance laws. but beyond that potential criminal culpability, there s also the question of where all the money came from. quoting from the journal sentinel, the records show prosperity usa, the non-profit in question, received $150,000 in loans from individuals who could not be identified. it s one thing to find out that ....

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