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