What They’re Saying: Eric Hovde Invested Millions in Companies that Moved Production Out of Wisconsin, Laying off Hundreds of Workers
MADISON, Wis. — On Wednesday, HuffPost broke the news that California bank owner Eric Hovde has invested millions of dollars into companies that laid off hundreds of Wisconsin workers, shipping jobs out-of-state and overseas.
This comes as Hovde has bragged about profiting off of inflation as the owner of a $3.2 billion California bank, which has come under scrutiny for accepting deposits from foreign governments and forcing small businesses into bankruptcy.
See below for highlights of what Wisconsinites are seeing and hearing about Eric Hovde’s blatant disrespect for Wisconsin workers:
-
…a Huffington Post article confirmed that Hovde Capital, which Hovde is a co-founder and former CEO of, invested in three manufacturing plants in Wisconsin that eventually moved production to other states and Mexico and laid off hundreds of workers.
-
27 News reached out to Sen. Baldwin’s campaign for comment, but they referred us to a statement from the Democratic Party of Wisconsin saying, “Eric Hovde has no respect for Wisconsin workers,” Arik Wolk, a spokesperson for the Democratic Party of Wisconsin said speaking to the report issued by Huffington Post. “From his insulting comments to his damaging investments, it’s clear Eric Hovde only cares about one thing: making money for himself and rich people like him.”
-
When you’re asking voters to elect you as a United States senator, is your decision making, again, always going to be just based on dollars and cents, rather than what’s good for the people that are in your state?
-
It raises questions about Eric Hovde’s real commitment to Wisconsin people, not just his own profit and loss statements.
-
…Sources said that [Hovde] invested in three manufacturing plants in Wisconsin that eventually moved production to other states and Mexico, laying off hundreds of workers.
Dan Shafer, the Recombobulation Area:
###
