Haim Saban's loan to Proposition 27 has been paid back

Haim Saban is a remarkable entrepreneur and businessman with unprecedented influence in political affairs. According to a Saban spokesperson:

“While Mr. Saban supported the passage of Proposition 11 in 2008 as a good idea, it hasn’t worked out as intended because the state’s diverse population has not been adequately represented in the process of selecting members of an independent commission. Accordingly, Mr. Saban does not support expanding the commission concept to Congressional redistricting and has agreed to make a loan to support the qualification of the FAIR ballot initiative.”

The “FAIR ballot initiative” (explained here in an Etopia News video interview with its Chief Proponent, UCLA Law School Professor Daniel Lowenstein) is now Proposition 27 on the November, 2010, California ballot.

As mentioned in the quote above and as reported in the Sacramento Bee on April 13, 2010, Mr. Saban loaned FAIR/Proposition 27 $2,000,000. In an August 31, 2010, e-mail to Etopia News, his spokesperson wrote, “To confirm, Mr. Saban provided a loan, which has now been fully paid back.”

Etopia News is waiting to hear back from the "Yes on 27" campaign in response to its question of the source of the money that paid back Mr. Saban’s loan.