I wondered why Bill Lee seemed skittish when the DE GOP decided to use a ham handed “he was sued” smear against Markell.
Well I don’ t wonder anymore. Read this Celia Cohen story on Lee and your hair, like mine, will stand on end.
Here is a taste:
Even worse, Farmers Bank was imploding. The Delaware government’s official bank since 1807, it held all the state’s deposits and the life savings and pensions of thousands of Delawareans, and it was riddled with mismanagement, cronyism and sweetheart lending arrangements.
In the economic downturn, Farmers Bank was collapsing under a landslide of $40 million in bad loans, threatening the state with financial disaster and its customers with personal ruin.
Lee and Betts had one of those bad loans.
Real eatste speculation, bank failures, bail outs it is like a soap opera. Bill Lee has to be wondering why this has not gotten out yet.