April 5, 2012

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Spence credibility buried in avalanche of TARP explanations

Considering the national controversy over the TARP bailout and the GOP’s obsession in bashing it, Mr. Spence should have been prepared to answer questions regarding his role in it when he entered the governor’s race. He wasn’t.

First, he said he resigned from the board over the TARP issue, even though federal documents indicated otherwise. Then he said he couldn’t remember how he voted. Bank boards take a lot of votes, Mr. Spence said. Then he told Mr. Lieb the truth, that he voted against paying back the taxpayers. This occurred after he built a political campaign by criticizing the same government help that saved the bank he served.

Read the full story here: http://www.stltoday.com/news/opinion/columns/the-platform/editorial-spence-credibility-buried-in-avalanche-of-tarp-explanations/article_adcb866f-3878-5b1e-af9c-bb94448625f8.html#ixzz1rBpKAgWN