Who is Dave Spence? He is a Wall Street-connected millionaire who enjoys the glitzy life of luxurious homes and cars!

According to MEC contribution records, David Spence and his wife cite 8 Radnor Road, St.Louis, MO 63131 as their primary residence. A closer look at the property’s records indicates that the home is owned by Suzanne Spence through a trust. The house’s appraised value is $2,042,300, with an assessed value of $388,040, and it sits on 3 acres. It is a large home with a pool. The house was built in 1939, has nine bedrooms, 8.5 bathrooms, and 9,540 square feet of living space.

 The mailing addresses for Suzanne Spence’s property assessments are both listed as 2021 S. Warson Rd., St. Louis, MO 63124. Looking at that address, it appears that it may actually be the

Spence family’s main residence as it is listed as jointly owned by David and Suzanne Spence. The property on Warson is valued at $6,092,300, with an assessed value of$1,157,540. This is

an increase from 2010’s value of $3.76 million. It is a 10.762 acre property and is a palatial estate with a pool, built-in golfing facilities that appear to provide for three separate holes of golf onto one green, a lake with a fountain, and two outdoor sitting areas. The home was built in 1935 and has 6 bedrooms, 6.5 bathrooms, and 13,253square feet of living space.  In addition, the Spence family owns five cars: A 2002 Lexus SC430, a 2003 Hummer H2, a 2004 Mercury Mountaineer, a 2006 Range Rover Sport, and a 2007 Audi A8. Courtesy of Scribd

Dave Spence: A millionaire who leads the glitzy life of luxurious homes and cars!  Can you afford him to be your next governor? He's connected with Wall Street. He has vowed to destroy the Missouri middle class by taking away the rights of the police and firefighters who protect all of us including Dave Spence, nurses who treat us including Spence and his family, teachers who teach our children. Spence doesn't care for public school teachers because his children go to very expensive private schools. Can you afford a millionaire to destroy the people who teach your children in public schools? Does this remind you of Scott Walker of Wisconsin and John Kasich of Ohio? 

Dave Spence's $8,000,000 palace in St. Louis. You lost your job, home, health care, retirement etc or squeaking by! Is Spence the man you want in the Governor's mansion during this economic crisis? 

The above property owned by Dave and Suzie Spence "is a palatial estate with a pool, built-in golfing facilities that appear to providefor three separate holes of golf onto one green, a lake with a fountain, and two outdoorsitting areas. The home was built in 1935 and has 6 bedrooms, 6.5 bathrooms, and 13,253square feet of living space, courtesy of Scribd.

Dave Spence is out of touch with the common man or woman. He doesn't feel the pain and anguish millions of Missourians are going through right due to the hard economic times! He has never been unemployed! He can afford the best his $260,000,000 can buy! 

We will leave you with this link: Spence acknowledges 2004 arrest for driving drunk

Why would a 47-year old millionaire leave his wife and children at home, go party until the wee hours of the morning and be busted for drunk driving? Where are Dave Spence's family, moral, and Christian values? How can such a man face Missouri voters? Why didn't he get a designated driver? What was he hiding? Did he have a mistress? Those are the nagging questions that are racing in the minds of Missouri voters! Dave Spence must come clean! He can't be shielded by his $260,000,000 from public scrutiny and the blogosphere!

Was Dave Spence a party animal like his fraternity brother Kinder in the past?

Kinder: Dave Spence's fraternity brother gets really dirty on the stage!

We dearly miss beating up on Lt. Gov. Peter Kinder! Good luck our Lt. Governor with the foot surgery. We wish you a speedy recovery. 

This is what republicans think passes as a serious candidate for governor This is what republicans think passes as a serious candidate for governor

The campaign of Dave Spence (r) via the Twitterverse:

@spenceformo Dave Spence 

Should prisoners receive unemployment benefits? Have your voice be heard: take our poll today! bit.ly/s3HGtV 19 Dec

 A press release twelve days ago from the Missouri Department of Labor:  State continues to crack down on unemployment fraud (click the link)



"...Less than a month after implementing a new cross-matching process with the Department of Corrections, the Missouri Department of Labor has already prevented one inmate from trying to obtain unemployment benefits and caught 11 others who have tried in the past..."

Uh, using a new system they caught twelve people. The system worked. Did anyone in Governor Jay Nixon's (D) administration state that prisoners should receive unemployment?
"...'People in prison are not eligible to collect unemployment benefits. Period,' said Department of Labor Director Larry Rebman..."

Okay, that's settled.

In FY 2010 the total (male and female) incarcerated population reported [pdf] by the Missouri Department of Corrections was 30,418.

Twelve out of 30,418.

Then why the Twitter post from Dave Spence's (r) campaign touting a "poll" for a non-issue? Seems like an awful waste of $2 million.

Amateurs. It's enough to make us miss Peter Kinder (r).


Courtesy of Show-Me Progress


Our addition:

Millionaire Dave Spence: The man who claims he will create  jobs if elected  Missouri's  Republican Governor in 2012  is running out of steam even before the GOP primary. He's spending his $2,000,000 personal donation to his campaign to Tweet about 12 inmates who tried to received S seems not to realize the enormous problems Missouri voters are facing: Escalating cost of living, college tuition beyond reach, unemployment, foreclosure etc. Spence doesn't feel the pains and anguish of Missourians because he is worth $260,000,000 and lives in a $8,000,000 mansion in St. Louis. 

Millionaire Dave Spence's $8,000,000 estate with a golf course in St. Louis. It's no wonder that he tweets about 12  inmates who tried to receive unemployment benefits instead of addressing real issues like how he will create jobs. He doesn't know what it's like to be homeless, unemployed, losing pension, not having health care etc. Look at where he lives! He is part of the 1% that's reeking havoc on the rest of the 99% of Americans!  

Dave Spence, the man who wants to be Missouri's Republican Governor in 2012  is worth $260,000,000,  donates  $2,000,000 of his money to his campaign but Tweets about 12 inmates who tried to collect unemployment benefits! Does Spence know what he is doing? Does he know the serious problems confronting Missouri voters? Are we not justified to claim that Spence doesn't care about Missourians and he is running for his own profit and to enrich his wealthy friends? Does Spence think that he can spend his fortune to buy the Governor's office?

Dave Spence: Missouri voters Don't Worry Be Happy! I will Tweet about
non-issues like 12 inmates trying to fraudulently receive unemployment
benefits! I am going to spend the $2,000,000 I personally contributed to
my campaign on non-issues. I am not interested in your problems! I want
to be elected for my own profit! I intend to spend my fortune to get elected
the next Governor of Missouri!


Dave Spence was busted for DWI at the age of 47 in 2004 (click the link)


Ed Martin dogs Dave Spence (click the link). It has been reported in the mass media that Ed Martin put out this research document to dog millionaire Dave Spence.



What's Worse than a Republican Gubernatorial Candidate Who Frequented Strip Clubs? How About One Who Supports TARP? (click the link)


Sideshow

Buyout Profits Keep Flowing to Romney (click the link)

A close circle of millionaire buddies of Spence with vested interest raise money for their friend. Watch out Missouri voters, millionaire Spence and his wealthy cronies want to buy the Governor's office!

"A handful of area businessmen have helped one of their own, Republican gubernatorial hopeful Dave Spence, outpace Gov. Jay Nixon in big donations for the first part of this month.

Since Nov. 29, Spence has collected $280,000 in contributions of more than $5,000, compared to $98,000 for Nixon, a Democrat who has been very successful in the fundraising department.

Nixon still maintains a large fiscal edge, with more than $4.22 million in the bank as of his last campaign report, filed Oct. 15. But Spence appears to be working hard to catch up early.

Spence (click here for the Beacon's earlier interview) will file his first campaign-finance report on Jan. 15, when Nixon also will report his latest numbers. Until then, neither candidate is reporting any donations of $5,000 or less.

Spence's early large donations came from seven area businessmen, two of whom -- Bill Koman and Robert O'Brien -- gave $100,000 apiece.

In addition, Spence donated $2 million of his own money to his campaign.
With exceptions of O'Brien and Koman, Spence's donors have not been major campaign contributors to other candidates.

The others are:

• Keith Strope, chief executive of Tricor Braun
• Kevin Maher, president of St. Charles Automotive
• John Tlapek, principal with Equity Group
• Mark Mays, with Clear Channel
• Daniel Creston, executive vice president with Alpha Packaging, a firm owned by Spence and an equity group

Although Spence is holding off on any public events or on-the-record interviews, he has been traveling the state to privately court fellow Republicans. Aside from the economic issues, Spence also is emphasizing his social conservative status.

A Catholic, Spence notes that he is opposed to abortion and embryonic stem-cell research. That latter stance is underscored by his wife's donation of $2,500 in 2006 against Amendment 2, the constitutional change that protects all forms of stem-cell research allowed under federal law. Amendment 2 narrowly passed statewide in 2006.

That stance may help Spence with some area businesspeople, and hurt him with others, since many were involved on both sides of the Amendment 2 campaign.

UPDATE: Later Friday, the Missouri Democratic Party offered up its comments, as the party continued its attacks on Spence's side job as a board member for Reliance Bank:

"It's no surprise that Spence turned to his friends for money because it will be hard to convince anyone outside his close circle of friends to give their money to a candidate who took a $40 million bank bailout and refused to pay it back. Spence was a major shareholder of that bank, profited from the bailout money, and now expects folks to contribute to his campaign?" Courtesy of St. Louis Beacon


Our addition:

Millionaire Dave Spence contributed $2,000,000 to his campaign  for the  Missouri Governor's race in 2012.  His wealthy  friends are raising tons of money! Spence and his friends are shielded from the economic problems that the regular Missourians are facing! They are the 1% who control the American wealth and the regular Missouri voters are the 99%. 

Millionaire Dave Spence's $8,000,000 estate in St. Louis. It has a golf course. Watch out Missouri voters,  Spence  and his wealthy friends want your vote so that they can create more wealth for themselves! 

Millionaire Dave Spence is worth $260,000,000 and he intends to use his fortune to buy  the  Missouri Governor's office.  He contributed $2,000,000 of his money to the campaign for a star. His wealthy friends have raised $280,000,000  for him so far! You lost your job, home, health care, retirement etc or squeaking by! Is Spence the man you want in the Governor's mansion during this economic crisis? Do you (the 99%) want the top 1% (Spence and his rich cronies) to buy the Missouri Governor's office in 2012? Suck their money and send them packing!

Millionaire Dave Spence and his rich cronies are flashing cash  before your very eyes to buy the Governor's office in 2012. while  the Missouri  middle class is shrinking due to high expenses and unemployment, Dave Spence can live in a $8,000,000 estate with a golf course! Besides, Spence carries a bag of money with $260,000,000! This morning millions of Missourians are anguished over paying their bills. Many Missouri children are either homeless or went to bed hungry last night while Spence's children are chauffeured to expensive private schools and live the best comfort that their father's $260,000,000 can buy! Sound familiar! The top 1% living large at the expense of the 99%. But what's shocking about Dave Spence is, he has the audacity to seek for the Governor's office by flashing cash (contributed $2,000,000 to his campaign for a start) during this severe economic crisis. To add insult to injury Spence's rich cronies are raising tons of money to land their friend in the Governor's mansion. 

Millionaire Dave Spence will spend $millions to buy the Missouri  Governor's office.  If  Spence succeeds  he and his rich cronies will laugh all the way to the bank! They will create more wealth for themselves! The bags of money they will take to the banks will be too heavy to carry! You lost your job, home, health care, retirement etc or squeaking by! Is Spence the man you want in the Governor's mansion during this economic crisis? 

Side Show (flash news):

Mitt Romney's 'hilarious' strategy: Claim Newt is a flip-flopper? (click the link)

Click the right-pointing arrow to watch the YouTube video.

Who is Dave Spence? He is a Bible-Thumping Conservative Hypocrite who profited from the federal TARP bank bailout

Dave Spence's $8,000,000 lavish Home in St. Louis. Can you afford to elect him next Governor of Missouri? You lost your job, home, health care, retirement etc or squeaking by! Is Spence the man you want in the Governor's mansion during this economic crisis? He will use the governor's office to transform himself from from millionaire to billionaire! The man who has been blessed to live in such luxury vows to take the rights of the police and firefighters that protect us, nurses that treat us, teachers that educate our children etc. if elected the next governor of Missouri.

Dave Spence profited from the Troubled Asset Relief Program (TARP) or simply bank bailout by the US government. As part of his strategy to run for the Missouri governor's race in 2012, Dave Spence is now running against TARP and other federal government efforts to prop up the economy. Spence praised TARP when the bank he presided over got $42, 000, 000 bailout. Now he can neither explain why his bank failed to pay back the taxpayers' money nor why he abruptly resigned.

According to St. Louis Beacon (click the link):

"In early 2009, Reliance Bancshares received $42 million in money from the federal Troubled Asset Relief Program, also known as TARP — or simply, the "bank bailout.''

Last February, Reliance announced that it was postponing its first annual payment to TARP of $2.2 million because of continued financial strain.

And in between, in the fall of 2010, Spence spent $1.5 million to buy 500,000 shares of Reliance stock.

Those facts alone — even without Spence's explanation — are enough to touch off political debate because TARP is not a popular issue within the conservative Republican base and bankers aren't held in high esteem these days by the rank-and-file in either party.

In Spence's case, the Missouri Democratic Party also is questioning his explanations about his dealings with Reliance, particularly when compared with the bank's written statements filed with the federal Securities and Exchange Commission."

The Democreatic Party says Spence is lying about reasons for leaving Reliance Bank and how much he profited from TARP (click the link). Mr. Spence has not addressed those accusations so far. He has to do that for the Missouri voters to trust him with the Governor's office in 2012. It seems the main strategy of millionaire Spence is to pour his immense wealth into the 2012 race to buy his way into the Governor's mansion!

Even Peter Kinder (click the link), a college fraternity brother that Dave Spence threw under the bus, said Spence will have to defend TARP.

Click the right-pointing arrow to watch the YouTube video

Don't forget to visit this link: Ed Martin dogs Dave Spence

Missouri GOP slugfest: Ed Martin dogs Dave Spence

Dave Spence: Arrested DWI in 2004! Presided over a St. Louis bank that got $42,000,000 TARP bailout but refused to pay back the taxpayers' money! His fellow conservative Ed Martin is dogging him!

Tea Partier Ed Martin: A power hungry maniac! A controversial and perennial elective office loser! He wanted to run for the  governor's office but didn't have the money and the strategy to run! He is dogging Dave Spence, a St. Louis millionaire who has vowed to take away the rights of police, firefighters, nurses, teachers, sanitation workers etc. if elected the next governor of Missouri. He has dropped from the Governor's race.

What's the holier-than-thou Ed Martin doing with these young partiers?
(Is he a party animal like Lt. Gov. Kinder?)

Don't forget Missouri's playboy Lt. Gov. Kinder! He's Dave Spence college frat brother He's a party animal! He likes to get really dirty on the stage!

Ed Martin dogs Dave Spence/Dave Spence Background Research-Part 1 (click the link to read the information Ed Martin put out there)

Ed Martin aide criticizes Spence (click the link)

 It's estimated that a half of the GOP establishment is with Dave Spence while the other half is helping Ed Martin to dog Dave Spence. We can't wait for the Missouri GOP slugfest.

Dave Spence: "I don't have any gaping holes and I've lived a very good Christian life", Politico

In an interview with Politico Dave Spence says "It was gnawing at me. Here's a guy who speaks
the truth and I'm that guy," he explained. "I realize they will use my success against me and I'm not a perfect person, but I don't have any gaping holes and I've lived a very good Christian life."Courtesy of Politico

Analysis of Spence's claims:

Analysis 1:

1. "Here's a guy who speaks the truth and I'm that guy," Dave Spence told Politico. Dave Spence has lied about how he benefited from the $42,000,00 TARP bailout the bank he presided over received (click the link). He has also lied about why he resigned from the bank by giving inconsistent responses. 

Spence told PoliticMo on Tuesday that he resigned from the board in March because of the issue, although paperwork filed with the Securities and Exchange Commission says his March resignation was "not related to any disagreements with [Reliance Bancshares'] operations, policies or practices." Sources: St. Louis Post-Dispatch  (click the link) and US Securities and Exchange Commission Annual Report for Reliance Bank (click the link). 

Dave Spence lied to Peter Kinder, his fraternity brother, about his intention of running for Missouri Governor's race in 2012. On October 26, 2011, Spence told Politico he would wait for Kinder's decision and he even gave Kinder $5,000 contribution. On November 15, 2011 Spence decided to throw his frat brother Kinder under the bus by announcing he is running for the governor's race regardless of Kinder! The man who wants to be Missouri's governor is caught in lies and inconsistencies before even the Republican primary in August 2012! Dave Spence needs to come clean with Missouri voters! 

Analysis 2:

2. Spence told Politico "I'm not a perfect person, but I don't have any gaping holes". Mr. Spence: The lies about TARP is a gaping hole (click the link). Millionaire Spence: The DWI arrest in 2004 after partying until the wee hours of the morning is a gaping hole! It's disgraceful for a married man to leave his family at home, party all night long, and be arrested for DWI   (click the link)

Analysis 3:

3. Dave Spence told Politico: "I've lived a very good Christian life". This is questionable! Dave Spence left his wife and young children at home to party with his friends and then got arrested for DWI. Millionaire Spence: That's not a good Christian life! We don't even have details of these friends you partied with! Did they include any female(s) you may have been fooling with? What was a 47-year old millionaire doing out late at night besides drinking?

Dave Spence stated he would take away the rights of the police and firefighters who protect us, the nurses who treat us, the teachers who educate our children, the sanitation workers who clean our streets etc. if elected the next Governor of Missouri. That's is brutal! That's heartless! That's callous! How can Dave Spence claim to be a good Christian if he wants to destroy the middle class and the most vulnerable Missourians?

Dave Spence: A tycoon worth $190-200,000,000 who says he is a good Christian. He wants  to take away the rights of  police  and firefighters, nurses, teachers etc. if elected the next Governor of Missouri. He will care for his profit and his wealthy friends. He is part of the 1% that controls the American economy at the expense of the 99%. Is he a good Christian as he claims? You be the judge!

Dave Spence's $8,000,000 mansion in St. Louis. The man who lives in such luxury wants to take away the rights of Missouri workers if elected Missouri's next Governor. 

Dave Spence's company. He sold it to a Wall Street firm connected with Bear Stearns.  Bear Stearns was involved in Wall Street meltdown and went under! Spence's company is worth $190-200,000,000. It's no wonder that the guy lives in a $8, 000,000 mansion and has donated $2,000,000 of his money to the Missouri Governor's race in 2012.

Why do you think a millionaire like Dave Spence wants to  be Missouri's next Governor? To get  richer? To oppress the middle class and the most vulnerable citizens? To take away the rights of the police and firefighters, nurses, teachers, sanitation workers etc? Dave Spence sits on $200,000,000. You lost your job, home, health care, retirement etc or squeaking by! Is Spence the man you want in the Governor's mansion during this economic crisis?

Dave Spence was arrested DWI in 2004! In our opinion it's a scandal for a 47-year old millionaire to leave his wife and young children at home to go party with friends until the wee hours of the morning, not to mention being arrested DWI and losing driver's license for three months. We don't know the details of the scandal! Was he fooling around with other women? Why didn't he get a designated driver? Was he hiding something? Dave Spence needs to come clean with Missouri voters! These questions are going to dog him!

We believe Dave Spence is a Bible-Thumping Conservative Hypocrite! (click the link)


Ed Martin dogs millionaire Dave Spence (it has been reported in the media that Ed Martin put out this document to attack Spence, click the link)

"Spence Wants Government Off the Backs of Private Business Unless it's His Business"

"It's no surprise when a republican runs around blasting government spending and regulations when trying to score points with taxpayers, but can you get any more hypocritical than Dave Spence?

I guess Spence completely forgot about the $40 million bailout that his bank received while he served on the board and has subsequently refused to pay back.  Let's not forget that when pressed on the issue, Spence has repeatedly refused to give a straight answer why his bank hasn't repaid the taxpayer dollars, even after pouring $2 million into his own campaign fund.

Granted, Spence remembered his failed bank's bailout just a few days ago, saying “I don’t know what the system would have done without it,” while giving an interview to KTVI.

Additionally, Spence has previously praised TARP, referring to it as an "extra cushion of capital" and allowing banks to avoid disaster.  I wonder what his answer to taxpayers would be who are left holding the bag of his failed bank's bailout which they refuse to pay back.

I just want to get this straight: government needs to get off the back of the private sector UNLESS it's Dave Spence's bank receiving tens of millions of dollars in taxpayer funds that they will refuse to pay back.  Ok.  Makes sense now." Courtesy of Fired Up! Missouri


Our addition: 


Millionaire Dave Spence is a Bible-thumping Conservative Hypocrite (click the link). He benefited from TARP but is part of the right-wing that condemns Obama administration for rescuing Wall Street banks, the auto industry etc.


Side Show (flash news):

Woman says she performed sexual acts on married Newt in 1977, thinks voters simply must know (click the link). What else do we expect from a serial adulterer who served his wife with divorce papers in hospital while dying of cancer?

Click the right-pointing arrow to watch the YouTube video.

Millionaire Dave Spence acknowledges DWI arrest in 2004

Dave Spence was arrested for DUI in 2004. Why was this millionaire who owns an $8,000,000 mansion and several luxurious cars driving while tipsy? Why wasn't Suzanne Spence,  his wife, with him at the party? These are the questions that will linger in voters' minds! Spence needs to provide more information! He needs to come clean! Picture is courtesy of St. Louis Post-Dispatch. The caption is the bloggers' addition.

ST. LOUIS • Republican businessman Dave Spence, whose past and personal life will face fresh scrutiny now that he is running for governor, acknowledged this week that he was arrested seven years ago for drunken driving.

State records show that Spence, 53, had his driver's license suspended for three months after a DUI stop in July 2004. His blood-alcohol level was .120 — over the legal limit of .08.

Spence said in an interview Tuesday that he was stopped in Warson Woods after a night celebrating downtown with friends.

"I don't feel good about it, but it happened and I owned up to it and I learned a lesson and I moved on," Spence said. "That's really the one blemish on my record."

Spence said he actually used a car service to get downtown — but, after returning to his friend's home from downtown, he attempted to drive back to his own house in Huntleigh, even though he had been drinking.

"I made a mistake. I was close to home and obviously the facts speak for themselves," Spence said. "I was guilty. I felt bad about it."

Spence said he was booked by Warson Woods police, and took a taxi home from the police station.

For Missouri Republicans, Spence is not the first candidate on the 2012 ballot whose campaign roll out included explaining a DUI arrest.

Senate hopeful John Brunner — who, like Spence, is making his first run for office after a long career in business — had his license suspended after being pulled over for drunken driving in August 2004, a month after Spence's arrest.

Judging by the reaction to Brunner's drunk driving incident — neither Democrats or his GOP primary rivals made an issue of it —the political fallout from Spence's DUI could be minimal.

Meanwhile, Spence's nascent bid for governor reported its first major contributions on Tuesday: $25,000 from Daniel Creston, an executive at Spence's company, Alpha Packaging, and $100,000 from St. Louis developer William Koman. Courtesy of St. Louis Post-Dispatch

Our addition:

Dave Spence, a millionaire who owns this $8,000,000 mansion and wants to be Missouri's next governor.  He is a conservative who benefited from the federal TARP when his bank took the $42,000,000 bailout  but is unable to defend his records. Mr. Spence is part of the 1% Americans who control the system at the expense of the 99% who are reeling from the effect of the recession! If elected governor he will only think of his profit and that of his opulent friends like St. Louis tycoon developer Williams Koman. Mr. Koman contributed $100,000 to Spence's campaign. You lost your job, home, health care, retirement etc or squeaking by! Is Spence the man you want in the Governor's mansion during this economic crisis?

     Is Ed Martin a party animal like Lt. Gov. Kinder? What's he doing with these young partiers?

     Ed Martin wants to be your next governor! Is it a joke or what?

Spence was arrested on DUI! Was he also a party animal like his frat brother Lt. Gov. Peter Kinder? Is there more to this revelation? What was a millionaire doing by not having a designated driver? Who was he with? Where was his spouse? These are genuine campaign questions that will definitely dog millionaire Spence. 

Does Dave Spence's DUI saga remind you even remotely of Lt. Gov. Peter Kinder's "Party Animal" lifestyle?

 

        Lt. Gov. Kinder: Dave Spence's fraternity brother getting really dirty on the stage! 

Was millionaire Dave Spence a party animal in the past like his frat brother Peter Kinder? What else isn't he telling Missouri voters? Probing continues! Stay tuned to this blog!

Who is Dave Spence? Spence is a conservative who benefited from TARP but is running away from it now he is running for Missouri governor in 2012! He has been caught lying about it!

Between December 31, 2009, and December 31, 2010, Reliance Bancshares made$21,041,439 in loans to executive officers and directors or to benefit officers and directors.This is equal to approximately half the money they received through TARP.  Source: St. Louis Beacon

 In fall 2010, Spence bought 500,000 shares of Reliance stock for $1.5 million. Source: Director Compensation 1

 On the proxy statement filed with the SEC on 3/25/11 by Reliance, David R. Spence is listed as receiving $10,250 for his services on the Board of Directors. Source: Director Compensation 2

On the proxy statement filed 4/1/10, Spence is listed as receiving $2,000 for his services. Source: 

Director Compensation 2


Courtesy of Scribd (original source)


Our addition:

Dave Spence is a Republican millionaire who wants buy the Missouri Governor's office using his immense wealth. He lives in a $8,000,000 mansion in St.Louis. He vows to take away the rights of the police and firefighters that protect us, nurses that treat us, teachers that educate our children you name it. He vows to destroy the Missouri middle class. He benefited from the federal TARP or bank bailout when he presided over Reliance bank in St. Louis but has been caught lying about it! Hi bank refused to pay back the taxpayers' $42,000,000 TARP bailout! He is connected with Wall Street! This is greed pure and simple! Now Dave Spence wants our votes to enrich himself all the more! Doesn't this remind you of Gov. Scott Walker of Wisconsin and Gov. John Kasick of Ohio?

Dave Spence, a millionaire who owns this $8,000,000 mansion wants to be Missouri's next governor.  He is a conservative who benefited from the federal TARP when his bank took a $42,000,000 bailout but is unable to defend his records. Mr. Spence is part of the 1% Americans who control the system at the expense of the 99% who are reeling from the effect of the recession! If elected governor he will only think of his profit and that of his opulent friends like St. Louis tycoon developer Williams Koman. Mr. Koman contributed $100,000 to Spence's campaign. You lost your job, home, health care, retirement etc or squeaking by! Is Spence the man you want in the Governor's mansion during this economic crisis?

Dave Spence is worth $190-200,000,000, lives in a $8,000,000 mansion  in St. Louis,  owns  several luxurious cars., is deeply connected with Wall Street, and  donated $2, 000,000 of his wealth to his campaign for Missouri' governor's race in,  2012.  You lost your job, home, health care, retirement etc or squeaking by! Is Spence the man you want in the Governor's mansion during this economic crisis? Suck his money and send him packing back to his luxurious mansion in St. Louis. His wealthy friends will raise $ millions to buy him the Governor's office.

Has Dave Spence paid enough taxes in 2008, 2009, and 2010 for his multimillion business empire? He has to avail the information to the public? Did he take advantage of the tax loopholes?


A message to Missouri voters: If millionaire Dave Spence isn't forthcoming about his involvement in TARP (simply bank bailout) do you expect him to be truthful with you as a Governor of the Great State of Missouri? Don't fall for his tricks!