National: Americans Elect Makes Plans to Broker the 2012 Presidential Election | Irregular Times
Richard Winger and Mark B. identify a revealing section of the Americans Elect corporate bylaws recently posted online by the states of Nevada and Florida. The Americans Elect corporation, which aims to arrange the election of its own candidates for President and Vice President of the United States, imagines a circumstance in which Americans Elect ["AE"] wins one or more states but not enough to win the presidency for itself. What will its designated electors do then?
Elector agrees that Elector shall remain unpledged until convening of votes for the Electoral College, with the exception of the following conditions:
a. Plurality or Majority Vote for AE Ticket: If the AE ticket receives more votes nationally than any other ticket, the Elector shall solely vote in the affirmative for the AE nominees and for no other candidate;
b. Coalition Agreement: If the AE ticket receives fewer popular votes nationally than the ticket of at least one of the major political parties but no party has attained a majority of the national popular vote and the AE delegates have convened in the Convention after the general election but before the Electoral College vote and endorsed a candidate of either major political party on such terms as may be reflected in the vote of endorsement, the Elector shall vote solely for the candidates as instructed by the Delegates and for no other candidate.
Under the law, of course, presidential electors are free to support whichever candidate they please. But according to the bylaws, Americans Elect will require its electors to sign a contract agreeing to the above plan or to pay a penalty of half a million dollars:

