WISCONSIN | WI-gov

Campaign Finance Reform Advocate Considering Independent Bid

A possible Democratic candidate was at the center of the Greek banking crisis.

May 4, 2017, 11:05 a.m.

“Former Wis­con­sin Demo­cracy Cam­paign ex­ec­ut­ive dir­ect­or Mike Mc­Cabe said Wed­nes­day he’s con­sid­er­ing a gubernat­ori­al cam­paign in re­sponse to a let­ter from 190 Wis­con­sin­ites ur­ging him to run. Mc­Cabe said he’s will­ing to run but cau­tioned that he wouldn’t make an an­nounce­ment un­til after Labor Day, and it would de­pend on his sup­port­ers help­ing to or­gan­ize a cam­paign.”

“Mc­Cabe said he doesn’t know if he would run as an in­de­pend­ent, third party or ma­jor party can­did­ate but ac­know­ledged that it would be dif­fi­cult to run a third-party cam­paign.”

Mc­Cabe: “The most com­fort­able thing for me would be to run as a non­par­tis­an, be­cause that’s what I am. … I’m fully aware that run­ning as an in­de­pend­ent puts a can­did­ate in the po­s­i­tion of di­vid­ing the change vote and get­ting blamed for con­tinu­ing the status quo. I’ve seen that count­less times.” (Wis­con­sin State Journ­al)

SPECK ON HIS RE­CORD. “Wis­con­sin Demo­crats … are hop­ing that” former Am­bas­sad­or to Greece Daniel Speck­hard (D) will run for gov­ernor.

“After leav­ing his am­bas­sad­or­ship, Speck­hard was picked by busi­ness­man Lavrentis Lavren­tiadis to be­come the chair­man of the board of Pro­ton Bank in Athens in Feb­ru­ary, 2011. …. By Novem­ber 2011, the as­sets of more than 30 ex­ec­ut­ives of Pro­ton Bank were frozen as Greek au­thor­it­ies in­vest­ig­ated a massive em­bez­zle­ment scheme. … Des­pite the ir­reg­u­lar­it­ies, Greek Fin­ance Min­is­ter Evan­gelos Ven­izelos (Lavren­tiadis’ cous­in-in-law) au­thor­ized a one-day de­pos­it of $130 mil­lion of gov­ern­ment money in Pro­ton Bank to avoid the bank’s col­lapse. The de­pos­it was also one day ahead of EU-wide bank stress tests. The trans­ac­tion was de­clared il­leg­al by Greece’s Gen­er­al Ac­count­ing Of­fice but ap­proved by Greece’s cent­ral bank.

State GOP spokes­man Alec Zi­m­mer­man: “Speck­hard’s re­cord as the head of a ma­jor Greek bank that was em­broiled in scan­dal and re­quired a gov­ern­ment bail­out at the height of one of the world’s largest fin­an­cial crises is dis­qual­i­fy­ing, peri­od.” (Me­dia Track­ers)

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