Federal bank regulators go after ex-Vikings great Voigt

  • Article by: JENNIFER BJORHUS , Star Tribune
  • Updated: January 27, 2012 - 11:35 PM

• As chairman of a Bloomington bank, he allegedly engineered loans to a company in which he himself was involved.

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twinkie1Jan. 27, 1210:51 PM

Wow. I hope our State Legislators don't give Ziggy what he demands. So that we could all be bilked of our taxpayer funds. Just like the Elderly victims that lost their whole life savings to the fraudsters in this Banker (Stu Voigt) and his Real Estate Buddy's (Hennessy) schemes. Amazing thievery that included his 'close' friends. SHEESH!

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lakneeJan. 28, 1210:31 AM

ARRey sez: Number 83 must have been taking lessons from Number 10.

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9moonsJan. 28, 12 8:05 PM

I bet $10,000 he was one of those "free market" idealogues. They better check his taxes too.

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ddellwoJan. 29, 12 8:29 AM

Wow -- his proposed fine amounts to a little more than one month's salary while he was working for the two companies -- that'll show him.....lol

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mashmeezieJan. 30, 1212:12 PM

I'll be the first to call out bad behavior by a bank. However, there's something rather slighting about this article. Anyone who knows the financial sector knows that it takes a vote from the board of directors, cumulatively, to say "yes" to any business loan of this stated size. Why is this article seemingly so bent on naming and focusing on an honored former Viking turned business man, supporting his community? Any financial institution, especially smaller ones, were trying to compete with the mega-banks during GW Bush's reign against the American people, and small businesses. People need to understand the first role of a business is to perform and remain competitive. Unless there is some real maliciousness uncovered during these proceedings, it's tough to believe a pillar to our region, and our favored men in purple, would risk his entire name and reputation on slighting anyone. This smells more like a small business trying to help another create business during a time when the large-cappers were (and still are) trying to rule the world. Not knowing Mr. Voigt, personally, I do read from time to time some of the charitable work he's involved with, and is asked of him. Just because Mr. Voigt was a former Viking, doesn't make him a possibly unjust target for trying to sell newspapers. Often times, a person is simply trying to deal best with whatever hand they're dealt with, so they can seek to help out others, in an arena of big-boys trying to keep you away from "their" goal line.

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