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)

bedroom cleaning professionals Bannockburn ..

In The News:

Despite the benefits, residential power saver programs come with several potential drawbacks and concerns that have been raised by both customers and experts.

The Blackdot AI tattoo machine is quiet. It's steady. And according to early users, it hurts a lot less.

Attackers have started to exploit the very signals that users assume will keep them safe when it comes to add-ons to improve productivity or entertainment.

Located on Cerro Pachón in Chile, the world's most powerful digital camera is set to transform how we see the universe.

The innovative DQ Tower stands 28 feet tall with 420 square feet of living space, featuring floor-to-ceiling windows and premium amenities in a prefabricated design.

A new mmWave imaging system allows warehouse robots to scan and create 3D models of objects inside sealed containers, potentially revolutionizing shipping processes.

Family fraud endangers seniors when relatives exploit their trust, but removing personal data online and monitoring identity can prevent financial harm to aging parents.

A study analyzing 500,000 customer service interactions shows chatbots struggle with complex issues while human agents excel at matching customer communication styles.

Aigen's Element robot uses solar power and AI to provide farmers with a sustainable alternative to herbicides, working efficiently in cotton and soy fields.

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

Cybercriminals accessed Medicare data of more than 100,000 Americans by creating fraudulent accounts, prompting CMS to deactivate accounts and issue new Medicare cards.

China's battery swap technology from CATL lets electric vehicle owners exchange batteries in under two minutes, with plans to expand to 1,000 stations across 31 Chinese cities by 2025.

Analysts at Silent Push have uncovered a widespread scam that uses counterfeit retail websites to steal the credit card information of online shoppers.

Chrome users need to update their browsers immediately as Google addresses a critical vulnerability that hackers are actively exploiting. Additional security measures are recommended.

A study found teens glance at phones for dangerous two-second intervals while driving, using devices primarily for entertainment, texting and navigation despite crash risks.

Security researchers uncovered a flaw in Windows 11 that allows attackers to disable Secure Boot using Microsoft-signed tools, requiring manual updates to protect against bootkits.

Carnegie Mellon's noninvasive brain technology allows users to move robotic fingers by thinking about the motion, offering new possibilities for people with motor impairments.

Multi-factor authentication (MFA) adds an extra layer of protection to your accounts. Instead of relying only on a password, MFA requires you to verify your identity using two or more methods.

Scientists from Duke, Harvard, and the University of Otago have unveiled a game-changing tool called DunedinPACNI. It uses a single AI brain scan to reveal how fast a person is biologically aging.

A disturbing wave of fake agent phone scams is sweeping across the United States, catching people off guard and draining their savings.

Emojis aren't just playful add-ons; they're powerful tools for building stronger connections in our increasingly digital world.

Google has taken a major step toward the future of clean energy by partnering with Commonwealth Fusion Systems (CFS), an MIT spin-out working to build one of the world’s first commercial fusion reactors.

If you create and share art online, you might have seen messages warning that Facebook's parent company, Meta, claims the right to use or even sell anything you post, whether it's pictures, poems, or artwork.

Cybercriminals hit Qantas in a major data breach that exposed information from up to six million customers.

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

Political