AG Shurtleff and other top GOPs are avidly supporting this Walker guy who has zilch experience for the job as Utah Treasurer even though he claims otherwise contrary to all available evidence (See lack of experience below).
Also the Walker guy the current AG is pushing:
According to his opponent Richard Ellis, Mark Walker offered him a $160,000 job in March if he'd drop out of the race.
Walker denies it, calling it a desperate political move.
"Our hope is to have some kind of determination by the end of this week," said Herbert spokesman Joe
Demma.
In contrast to Walker's non- experience:
Richard Ellis, lists 22 years in public finance - eight of those serving as the state's chief deputy treasurer.
But top lawmakers, such as
Shurtleff are backing Walker, saying the treasurer's office needs a leader with new perspective, but no experience for an important job.
http://www.sltrib.com/utahpolitics/ci_9473417On Mark Walker's campaign Web site, he touts his private-sector experience during his three-year stint as Zions Bank manager of government finance.
However, the Zions Human Resources office defined his position as a sales resource officer, a job he left (?) at the end of March to run for state treasurer.
Also in contrast to
Shurtleff's avid support of payday lenders and how they stop bankruptcy in Utah and elsewhere, read what protection the DOD (the US military) wants via
http://www.defenselink.mil/pubs/pdfs/report_to_congress_final.pdf .
f. The Department of Defense seeks the following protections against predatory lending to Service members, as described in the report:
(c). It is understood that such special military disclosures may discourage lenders and limit the availability of credit to certain Service members, but the Department believes this risk is justified given the impact of predatory loans.
(2). Require a federal ceiling on the cost of credit to military borrowers, capping the APR to prevent any lenders from imposing usurious rates.
6
(a). Lenders should be prohibited from directly or indirectly imposing, charging, or collecting rates in excess of 36 percent APR with regard to extensions of credit made to Service members and their families. This APR must include all cost elements associated with the extension of credit, including the “optional” add-ons commonly used to evade ceilings, such as credit insurance premiums.
(b). It is understood that such an interest rate cap may limit the availability of credit to certain Service members. Limiting high-cost options assists the Department in making the point clear to Service members and their families that high cost loans are not fiscally prudent. A clear, unambiguous rate ceiling is justified given the high fees, interest and other charges associated with loans to Service members reviewed in this report, and the impact of those predatory loans on military readiness and troop morale.
Uncle Don
