“No, I don’t think I would sell the bank:” Hovde Admits He is a Walking Conflict of Interest
MADISON, Wis. — After a report from the Milwaukee Journal Sentinel found that California bank owner Eric Hovde had no plans to sell his $3.2 billion bank, Hovde admitted in a recent interview that he would keep owning his bank while in the Senate, saying, “No, I don’t think I would sell the bank,” while also saying he wants to be one of the leading banking policy voices on Capitol Hill.
What this means:
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Hovde would be voting on banking regulatory policy, while continuing to own and profit from his bank.
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Hovde could even vote for a taxpayer-funded bailout of his bank.
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Hovde pushes for deregulation in the banking industry, which would dramatically grow the profits of his businesses and make him even richer.
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