The monument to hypocrisy?
Sioux Falls banking mogul T. Denny Sanford has given Lt. Gov. Dennis Daugaard and state Sen. Dave Knudson $20,000 each in their young campaigns for the Republican nomination for governor.
And that could be just the start of campaign gift-giving for the billionaire donor, who dropped $200,000 into his own political action committee just days before a state law made such large contributions illegal.
No wonder Dennis and Dave never try to make waves in Pierre, they can’t upset their sugar daddy Denny too much.
Dave’s got a pretty big war-chest already.
So does Dennis. Dave just has the brains to back up the money!
I wouldn’t take any blood money from Denny.
Um, how about your guy Obama collecting more money than any candidate in history anywhere, some certainly from nefarious sources? At least Sanford gives away his money to do things for SD. Unless you think health and science aren’t important.
Interesting that the people who are criticizing a South Dakota zillionaire for supporting South Dakota candidates are the same ones who think it is cool that Hollywood liberals paid $28,000 each to have cocktails with Obama, and think it is cool that an anti-American zillionaire like George Soros pulls the puppet strings of leftist politicians like Obama.
And before you start whining about how Sanford made his money, nobody twisted anybody’s arm to get in over their heads in credit-card debt. If you are stupid enough to do that, tough.
Um, I voted for Obama because he was a zillion times smarter than McCain, but that doesn’t make him ‘My Man’.
As for the amount of money Obama collected, I think it is sickening. The reason politics will never change is because we allow the rich and special interest continue to fund campaigns. Once we go with public funding 100% the corruption will end or at least be greatly reduced.
Obama got my vote because he was the better candidate. He now has four years to earn my vote for his re-election.
Sanford definitely got his money through shady practices. Sure, nobody twisted anyone’s arm to sign up for one of his scammy credit cards, but those who did just to build their credit back up got a really crappy deal. This is why congress is now giving the subprime credit card industry an enema from which they may never completely recover. They failed to do right by their customers, so now they’re going to pay.
Well said Dude.
“They failed to do right by their customers, so now they’re going to pay.”
Ever hear of reading the fine print? Understanding before you sign? Taking responsibility?
Typical liberal. It’s always somebody else’s fault.
Greed is the ultimate guilt.
Ever hear of reading the fine print? Understanding before you sign? Taking responsibility?
Typical liberal. It’s always somebody else’s fault.
That’s me, typical liberal. Your life must be much easier since you discovered you could put people into neat little categories.
It really sounds nice to say “take some responsibility, idiot”, probably feels good too. I hear being a condescending prick is good for the ego.
Until you’ve been in the position some of 1st Premier’s cardholders are in – many because they couldn’t afford health insurance at $600/month and got sick – you are in no position to judge. I’ve seen the effects of massive medical debt on a family. It sucks, and there was nothing they could do about it.
The only difference between sub-prime credit cards and loan sharks is that the sub-prime CC companies have “bank” next to their name and give you plastic instead of cash. It’s a new form of feudalism, and it will be a drag on our economy for a long time.
At least the loan sharks knee-cap you and call it even. It takes ten years to clear a bankruptcy.
“Condescening prick”? Talk about the pot-kettle thing.
Of course you are going to cite a major reason why people get into debt. Most of us have had catastrophic medical issues or knows someone who has, and it is an awful situation to be in.
I’m just saying that people need to know what they are getting into. You sign the papers, that’s it. End of story.
Kinda like the banks and TARP? Oh that’s right, THEY don’t have to follow the same rules as us . . .
Heh… Yup. You make a bet you can’t pay off if you lose, and the government comes and pays the man for you.
If only we could all be like the big banks.
Exactly. We are in agreement on that #12.
A Sitty-Bank (ahem) employee told me that they had a briefing from management about TARP. They said the Government ‘asked them’ to take the money and they were not laying anyone off. Yet they have been laying off groups of 4-5 people in different departments each week for months, that way the media doesn’t catch wind of it.
“I’m just saying that people need to know what they are getting into. You sign the papers, that’s it. End of story.”
from http://cc.edumacation.com/finserv/firstpremier.html
First Premier Bank Credit Card: Avoid This Deal
First Premier Bank has been sending its offers that prey on consumers who may not always read all the fine print who are known to have bad credit records. These deceptive offers are also being sent to college students with a limited credit history.
Here are some aspects of one offer (product code 5044-01) that came into the Cagey Consumer’s hands that had been sent to one such student:
deceptive return address
The return address specifies that the mailing piece is from the Office of the Chief Bank Officer, suggesting that the recipient has received the personal attention of an important official of some (unspecified) bank.
false “Reply Required” marking
The outside of the envelope is marked in red with the legend “Reply Required, MasterCard Issuance Pending”, falsely indicating that the recipient has a legal obligation to reply.
misleading “documents registered” legend
The outside of the envelope is marked “DOCUMENTS REGISTERED: The person identified in window has been assigned the enclosed Bank Documents”. This completely meaningless statement is intended to give the recipient the impression that the person is legally responsible for reviewing the contents.
Inadequate disclosure of mandatory fees
In addition to an annual fee of $50, there is a monthly fee that equates to $72 per year, a one-time acceptance fee of $119, and a one-time processing fee of $19. The only one of these mentioned on the front of the letter is the $19 processing fee.
No toll-free number for additional information
The “information line” provided is not a toll-free number, thus discouraging the recipient from asking questions.
Here are comments from others about First Premier Bank’s credit card offers:
Credit Card Scams (from aos.com)
Don’t fall for the credit card scam being sent out by some of the credit card companies promising a credit card to help you rebuild your credit record. The offer states that you can receive a MasterCard or Visa Card with a maximum $2500 limit and all you have to do is sent a check in the amount of $29.00.
Now what you actually receive is a credit card with a $250.00 limit that has been pre-charged with an “Acceptance Fee” of $119.00, a “Participation Fee” of $6.00 and an “Annual Charge” of $50.00. The card you receive already has $175.00 charged to the card before you receive it, leaving you a $75.00 balance of available credit. In reality it is costing you $204.00 to get a credit card with a $75.00 credit limit.
The card also promises a credit increase “if you make all of your payments on time for six months and pay substantially more than the minimum amount due each month”, however a “Credit Limit Increase Review Fee” of up to $50.00 is assessed if you are granted an increase. You are much better off to deal with a company like Providian Bank who also helps people to establish or reestablish credit without misleading claims and exorbitant charges.
Just google First Premier CC sometime – whoa Nellie!
16, if you are idiot enough to fall for this stuff, you get what you deserve.
You say: “…prey on consumers WHO MAY NOT ALWAYS READ…”
Exactly.
Interloper, you don’t know much about Warren’s past? Do you? You may lose this argument.
I am not bashing Sanford, he is a wealthy man because he figuredout how to get there, the restof you get your big panties on and act like a grown up. Dialing for dollars has always been a politicians way of saying,I want the good life and will help me by donating zillions toput me inthe position to help the wealthy so I can stay in power for a life time? A sure cure for what has happened to our overpaid underworked CONgresspeople is too cut the salaries in half, no more bennies after their term is up, make sure that the government builds housing for them, same standard as our military, so they have a rent free place to reside, utilities and personal affects covered. Have a bus that picks them up and takes them back to the housing units. Make the terms no longer than six years, provide a opublic school in their housing encampment for any children, daycare services for any working parents with children. Raise the salaries of their aids that do all the work. Bring the animal down to where he belongs and we may get some real work done in the capitol city of Washington. Goverment is suppose to be for the people by the people, if you vote them in live with it and quit your whining about the little stuff get real and wake up to the fact that our representatives have a cushy overpaid, overrated,overstaffed, game going. Now here in SD when my mother served in Pierre, money from her poocket had to pay to stay and eat etc. She was happy to do that because she loved this state and wanted to do good things,she did. Nothing will satisfy the whole, but it is the majority that should be pacified. vote the best you can, if no candidate is good enough, write one in, leave it blank. Second best is worst than not voting.