Home
>
Political
>
Lets Make Some Things Clear about John Thune/Dan Nelson/MetaBank MetaGate

Lets Make Some Things Clear about John Thune/Dan Nelson/MetaBank MetaGate

Let's make one thing clear: This Dan Nelson Automotive fiasco is not the bloggers' fault, not KELOLAND's fault, not the Iowa Attorney General's fault, not my fault. Let's take a look.

There were THOUSANDS of complaints against DNA in Iowa to the Iowa AG. All of those people weren't Democrats.

"Buy here pay here" is a controversial means of selling people with distressed credit vehicles, particularly when interest rates are 25% in a time when interest rates in general are at historic lows. The Iowa AG's investigation apparently found not just smoke but fire at DNA.

John Thune had a close, long term relationship with Dan Nelson. Dan Nelson had a close, long term relationship with MetaBank's Tyler Haahr. Large loans that were made on the cusp of DNA's bankruptcy by MetaBank. John Thune sat on the Board of Directors at MetaBank at the time. There is an appearance of conflict of interest with Thune sitting on the board (where the buck literally stops) and Nelson. What we don't know is if Thune pulled any strings for Nelson. We're still trying to figure out if there is actual conflict of interest. That hasn't been proven or disproven yet.

Thune has denied he has pulled any strings for Nelson. That is yet to be proven or disproven.

The reporting on MetaGate, even by the Lefty blogs, has been almost exclusively based on public records and court filings. There is a paper trail and my buddies on the Left have simply followed it. Now, some of the SDMSM is also following it.

A formerly small, family owned Iowa bank could be in financial trouble because of its bad loans. The full extent of that trouble, if any, has not been determined yet.

This case is ultimately about Dan and John's own personal responsibility and DNA's and MetaBank's own corporate responsibility. I find it funny that some Republicans like John Thune are great about preaching responsibility but when things get a little hot that they are involved in, it is suddenly somebody else's responsibility. Like the bloggers. Geez.

Sen. Thune said in the Senate campaign that he was better than Tom Daschle because he "had the President's ear" on Ellsworth and generally had more clout. Then, when EAFB goes south, he suddenly has no clout and is no better than an unknown freshman Senator from a small state. He puts on this "oh poor me" act about having to throw hardballs at the President's head to get his attention on issues like the Bolton nomination and CAFTA. Again, geez.

Same with MetaBank. You have to imagine he was put on the MetaBank board because of his connections (former Congressman, Congressional lobbyist, former legislative lobbyist, former Senate staffer, former SBA staffer), ties to President Bush (convinced him twice to run for Senate), friendship with Nelson, and the distinct possibility that he would be the next U.S. Senator from South Dakota. Now, he says he's a Lee Harvey Oswald-like "patsy" who just went to a few meetings and lots of other people signed off on loans.

If Thune was put on the MetaBank board because of his friendship with Nelson, that in and of itself is not a problem. That is how business works. You scratch my back, I'll scratch yours. The problem is if Thune knew of the extent of Nelson's problems at DNA and whether he disclosed those problems to MetaBank when they were considering the loans.

Either Thune has clout and connections or he doesn't. He apparently turns his clout on and off like a faucet, depending upon the the political mess he is in.

Todd D. Epp is an attorney, Democratic activist, former broadcast journalist, and editor of "S.D. Watch" (http://thunewatch.squaresapce.com)

efficient cleaning crew Northbrook ..

In The News:

Viral video shared by Elon Musk shows Tesla's Optimus humanoid robots performing tasks from cooking to construction, garnering over 58.5 million views on social media.

Chinese hackers used Anthropic's Claude AI to launch autonomous cyberattacks on 30 organizations worldwide, marking a major shift in cybersecurity threats.

Apple's new Sleep Score feature gives you a rating for your nightly rest quality. Learn how to set it up on your Apple Watch and iPhone today.

Essential phone settings to enable before losing your device, including Find My network, location services and security features for iPhone and Android.

The Fox News AI Newsletter gives readers the latest AI technology advancements, covering the challenges and opportunities AI presents.

Cybersecurity research shows weak passwords remain a major threat, with simple patterns and number sequences putting millions of accounts at risk.

New Android malware BankBot YNRK silences phones, steals banking data and drains crypto wallets automatically. Learn how this advanced threat works.

FDA approves first human trial for Paradromics' brain-computer interface that could restore speech for paralyzed patients through neural technology.

New phishing platform QRR targets Microsoft 365 users across 1,000 domains in 90 countries. Learn how to spot fake login pages and protect your accounts.

OpenTable now uses AI to track your dining habits and share insights with restaurants. Learn what data they collect and how to protect your privacy.

Google's discontinued Nest thermostats still secretly upload home data to company servers despite losing smart features, raising serious privacy concerns.

New Android malware NGate steals NFC payment codes in real-time, allowing criminals to withdraw cash from ATMs without your card. Learn protection tips.

DoorDash confirms data breach exposing customer names, emails, addresses after social engineering attack. Learn how to protect yourself from scams.

Concerned about Google's AI scanning your Gmail? Learn how to disable Gemini features that access your emails, Drive files and Chat messages for privacy.

Google warns Android users about dangerous fake VPN apps hiding malware that steals passwords, banking details and personal data from phones and tablets.

Apple's digital passport feature lets iPhone users breeze through TSA checkpoints this holiday season using Digital ID technology at 250+ airports.

A new phishing scam targets family photos with fake "Cloud Storage Full" alerts. Criminals steal credit card information through fake sites. Learn protection tips.

South Korean scientists create ultra-thin fabric muscles that turn clothes into robotic assistants, lifting 33 pounds while weighing under half an ounce.

Archer Aviation has acquired Hawthorne Airport for $126M to launch an LA air taxi network ahead of the 2028 Olympics, featuring AI-powered eVTOL operations and next-gen aviation tech.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

Fake AI apps disguised as "ChatGPT" and "DALL·E" are flooding app stores with dangerous malware that steals data and monitors users without detection.

Fake buyers demand specific vehicle reports from unknown sites to steal credit card information from car sellers, but warning signs can help identify these scams before paying.

Android users can now manage apps across multiple devices more easily with Google Play Store's updated remote uninstall button in the latest update.

NASA's Perseverance rover discovers shiny metallic rock on Mars that could be a meteorite from an ancient asteroid, containing high levels of iron and nickel.

Holiday scams spike during Black Friday and Cyber Monday as criminals exploit your leaked personal data. Learn how to protect yourself from fake stores and phishing.

Lets Make Some Things Clear about John Thune/Dan Nelson/MetaBank MetaGate

Political