Northern Valley Beacon

Information, observations, and analysis from the James River valley on the Northern Plains----- E-Mail: Enter 'Beacon' in subject box. Send to: Minnekota@Referencedesk.org

Tuesday, July 05, 2005

 

Thune is connected to auto dealer bankruptcy and bad bank loans

The blog Clean Cut Kid has a story that connects John Thune to a bad loan made by Metabank to the Dan Nelson automobile company that declared bankruptcy recently. Nelson was Thune’s campaign manager in his first run for Congress. Thune sat on the board of directors of Metabank which loaned Nelson more than $28 million. Nelson has debts of $30 million. For the blog story, go to

http://www.cleancutkid.com/

Other liberal blogs that are covering the story are at

http://thunewatch.squarespace.com/

and

http://proudlib.blogspot.com/2005/07/meta-bank-ceo-gave-to-thune-sd-ag.html

dln

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