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Holly Schepisi (R-Bergen) rebukes Gov. Phil Murphy for appointing Derrick Green to his public bank implementation board

Assemblywoman Holly Schepisi

the staff of the Ridgewood blog

River Vale NJ, Assemblywoman Holly Schepisi (R-Bergen) rebukes Gov. Phil Murphy for appointing Derrick Green to his public bank implementation board and continuing to hire those who have been convicted of bribery, accused of fraud, and a whole host of other improprieties.

“It is beyond disturbing to see that for something as significant and sizeable as a state bank, with all of the talented and qualified people in New Jersey, that quite a few members of this proposed bank have had virtually no experience whatsoever in banking,” said Schepisi. “And out of the ones who have been put on, at least one has been accused of severe, significant financial irregularities and has been under investigation for corruption and fraud.’

Continue reading Holly Schepisi (R-Bergen) rebukes Gov. Phil Murphy for appointing Derrick Green to his public bank implementation board
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Assemblywoman Schepisi Blasts Murphy for appointing Derrick Green to Banking Board

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the staff of the Ridgewood blog

TRENTON NJ, Assemblywoman Holly Schepisi (R-Bergen) released the following statement after Gov. Phil Murphy signed an executive order appointing the ethically dubious Derrick Green to his public bank implementation board.

Continue reading Assemblywoman Schepisi Blasts Murphy for appointing Derrick Green to Banking Board
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In Shades of the 2008 Financial Crisis Murphy Administration Pushes State Bank

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the staff of the Ridgewood blog

Ridgewood NJ, former Goldman Sachs Executive, Gov. Phil Murphy is planning to sign an executive order that will create a 14-member “implementation board” to advance his goal of establishing a public bank in New Jersey. The basic premise of such an institution is to hold the millions of dollars in taxpayer deposits that are normally kept in commercial banks and leverage them instead to serve some sort of public purpose. What could possibly go wrong with that?

Continue reading In Shades of the 2008 Financial Crisis Murphy Administration Pushes State Bank