FREE WHITEWATER

Daily Bread for 9.20.24: Eric Hovde’s Banking Deal with a Cartel-Linked Mexican Bank

Good morning.

Friday in Whitewater will be sunny with a high of 83. Sunrise is 6:40, and sunset is 6:54, for 12 hours, 14 minutes of daytime. The moon is a waning gibbous, with 91.0 percent of its visible disk illuminated.

On this day in 2011, the United States military ends its “don’t ask, don’t tell” policy, allowing gay men and women to serve openly for the first time.


Eric Hovde’s banking deal with a troubled Mexican bank is in the news. Dan Bice of the Journal Sentinel writes:

Banco Azteca, the 10th largest financial institution in Mexico, has had its share of problems in recent years.

Accused in past news stories of having links to the Mexican drug cartel.

Dropped as a financial partner by some U.S. banks because of “risk and compliance concerns.”

And now caught up in a Texas bribery scheme with an American congressman.

But Sunwest Bank, the Utah-based financial institution run by Republican U.S. Senate candidate Eric Hovde, doesn’t mind doing business with it.

In December, Banco Azteca sent $26.2 million in cash to Sunwest on four airplane flights as part of a massive currency conversion called “repatriation,” records show. Hovde, who is running against Democratic U.S. Sen. Tammy Baldwin, is chairman and CEO of Sunwest.

Oh, brother: nothing says Wisconsinite like a California-livin’ CEO of a Utah bank making deals with a cartel-linked Mexican bank.

Previously at FREE WHITEWATERHovde’s Evident, Ignorant Racism, Eric Hovde Treats Wisconsin as a Side Hustle,  It’s Not Going So Well for Hovde, Eric Hovde Should Fire His Political Consultants and Hire a TherapistTim Michels 2.0 Eric Hovde Announces U.S. Senate Runand Another Vanity Candidate.  


Austrian team claims victory in hot air balloon race across Europe:

Subscribe
Notify of

2 Comments
Inline Feedbacks
View all comments
joe
21 days ago

It is interesting that the Hovde story does not seem to have any legs. The J-S link still works, but the JSOnline site doesn’t mention it anywhere, as best I can tell. The Madison media makes no mention of it at all.
Odd…It is a story that seems like a big deal.