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7/01/2005

Meta Bank CEO Gave to Thune, SD AG Still Silent


In light of the financial difficulties the Dan Nelson Automotive Group bankruptcy appears to be causing Meta Bank (tip of the cap to PIADW) I wonder if Meta Bank's Chairman of the Board James Haahr is re-thinking his decision to donate $2000.00 to Thune's campaign in September of 2004. Just before his bank made the ill-fated loan to Dan Nelson Automotive for a cool $28 million.

As pointed out by
Thune Watch, the central questions about Thune's connection to this story are essentially how much did he know and when did he know it, and did he follow Meta Bank's stated policy of avoiding any actual or apparent conflicts of interest between personal and professional relationships?

I wonder when SD AG Larry Long is going to get around to investigating Dan Nelson?

I found this list of "Duties and Responsibilities" in regards to consumer protection on the
AG's website. The bold items would be of the most interest in this case.
  • Investigate false, misleading, or deceptive trade practices
  • Enforce consumer laws designed to protect the public and legitimate business community
  • Enforce statutes relating to buying clubs, telephone solicitation, telemarketing, and sweepstakes
  • Advise consumers of their basic rights under consumer laws
  • Distribute consumer education materials
  • Assist in the preparation of legislation designed to protect consumers
  • Participate in multi-jurisdictional actions with other state and federal law enforcement agencies
  • Advise consumers of complaints on file against specific companies

By the way, if your interested in contacting the Larry Long, he can be reached the following ways:

Address:Office of the Attorney General500 East Capitol Ave.Pierre, SD 57501-5070

Phone (Routine Business): (605) 773-3215

Fax: (605) 773-4106

E-mail: atghelp@state.sd.us

5 Comments:

At 7/02/2005 06:53:00 AM, Anonymous Anonymous said...

I definitely didn't vote for Thune, or any of his cohorts, but you have to be fair to AG Long. His budget is small compared to other state AG's and he is a great AG for this State. He fights crime, consumer fraud and is innovative with ways to combat problems ie home arrest for DWI's instead of county jails.

 
At 7/02/2005 08:56:00 AM, Anonymous Erin said...

In response to the comment about the South Dakota AG. There have been very few complaint made to the AG'g office in South Dakota. Dan Nelson from all indications was very well versed in law regarding no private right to sue on Consumer Fraud or Consumer Credit Code Violations in Iowa. The AG is the one authorized to bring actions forth. The alleged predatory practices, while rampant in Iowa by this car dealer, apparently he chose to stay fairly legit in South Dakota. I have heard though that complaints have been coming in to the South Dakota AG and I am confident that he like his counterparts in Iowa intends to uphold the law. Prior to Dan Nelson declaring bankruptcy recently this was strictly an Iowa story with Dan managing to keep it pretty quiet on the prairie. There were about 23 complaints at the South Dakota AG as opposed to 13,000 at the Iowa AG. The lawsuit has been filed on behalf of 400 consumers in Iowa with many other of the 13,000 calls coming in after the suit was filed.

 
At 7/04/2005 12:52:00 PM, Anonymous Erin said...

All indications are that national news media are chomping at the bit trying to nail down things on this growing story regarding Senator John Thune, embattled car dealer and their ties to Metabank, a federally regulated savings and loan chartered in Storm Lake Iowa. Since it is a holiday, the efforts of the media have been hampered by that. However,it looks like tomorrow may prove to be interesting. The facts already out there seem pretty solid. No word yet from any of the parties involved. Maybe Dan Nelson can blame the Iowa Attorney General again, that worked really well for him last week didn't it? It's ALWAYS a good idea to make disparaging remarks about law enforcement. Of course when your actions are allegedly "indefensible" what else can you do?

 
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