The South Dakota Banking Commission has yet to take any public action on Brown County's request that it investigate EB-5 czar Joop Bollen's SDRC Inc. for possible evasion of bank franchise tax. Director of Banking Bret Afdahl sent SDRC Inc. a letter requesting information in September; as far as we know, SDRC Inc. is almost 60 days past the normal 30-day reply time.
If the Banking Commission is alarmed, they aren't showing it. Bob Mercer reports that the Banking Commission is meeting Friday at the Minnehaha Country Club (hey, can public bodies meet at private country clubs?), and SDRC Inc.'s bank status is nowhere on the agenda.
Well, maybe not nowhere. There is an executive session at the end. So maybe, just maybe, there's an interesting conversation to be had after the duck à l'orange. We can only hope that somebody in Pierre is taking their obligation to get answers about EB-5 seriously.
"We can only hope that somebody in Pierre is taking their obligation to get answers about EB-5 seriously."
I wouldn't hold out much hope for this, after all, didn't the voters give them the mandate they needed to continue with business as usual? If it wasn't a mandate, republicans will certainly take the election results as one. Personally, I have lost hope for SD, the people that live here obviously don't give a shit, or they would vote.
Public meeting at the country club! hey everybody, here's your chance!!
Someone in authority in Pierre is taking their job seriously? Don't count on it.
because other threads are unavailable, just a reminder that the republican guys in charge, Tidemann et al, on GOAC failed to follow-up the litany of questions, non- answers, and evasions (that's what cross examination is for, follow up questions, Tidemann!) Daugaard, Rounds and Bollen submitted, unsworn and/or late, and likely in collaboration with one another; in their written softball/non-lawyerly-like questions GOAC acted like it posed, and those of others (democrats) at the GOAC "meetings" the legislature authorized as HEARINGS to investigate EB5, using "supeonas". ect. as necessary to get at the truth. Many questions were redirected at other agencies, lawyers, parties, witnesses and anybody but the three stooges "on trial".
lets see what truth is spoken at the good ole' boyz country club.
The truth is that no one knows what “the history of capitalism” is because its history is just now being written. But if there is any indication of what it might look like, it appears in Sven Beckert’s remarkable and unsettling new book, Empire of Cotton: A Global History. Beckert insists that many of the myths we tell ourselves about capitalism—how it functions best when government gets out of the way, how it broke clean from slavery—are as false today as they were during its 500-year history. The truth is that no one knows what “the history of capitalism” is because its history is just now being written. But if there is any indication of what it might look like, it appears in Sven Beckert’s remarkable and unsettling new book, Empire of Cotton: A Global History. Beckert insists that many of the myths we tell ourselves about capitalism—how it functions best when government gets out of the way, how it broke clean from slavery—are as false today as they were during its 500-year history. http://www.slate.com/articles/arts/books/2014/12/empire_of_cotton_a_global_history_by_sven_beckert_is_a_great_history_of.html
EB5 is certainly on SD's radar still, awaiting the next joop...after USA Brendan Johnson makes some move. why?
In the last year, more than 90 houses have sold for more than $2.5 million, and the boom is driven by wealthy Chinese buyers looking to park money here or to enroll their children in U.S. schools. http://www.latimes.com/
http://followthemoney.org/research/institute-reports/scorecard-essential-disclosure-requirements-for-independent-spending-2014/