Lynchings still take place. Chip Flowers is stepping down. It is time to consider his legacy, and boy, what a great legacy it was…
Chip Flowers is the first and only treasurer to take on the Cash Management Board, a select group of appointees who can get their position by donating large amounts of cash to the successful Governor candidates, even when one has a record for making investments on the fly without informing the investors trusting you with their money, of your personal conflict of interest against making money for them. Even if you were fined and had to pay over $976,000 for your illegal activity?
David Marvin of the Cash Management Board did just that. Paid $976,980 in a fine to the SEC. Through his generous PAC donation to Jack Markell, he now sits on the Cash Management Board, and who knows what conflict of interests are in play with Delaware’s Treasury’s monies?
Do you know? Don’t you think we should at least find out? Why then is it against the law for the public to even find out what their conflicts of interests are?
Before anyone diminishes Chip Flowers’ achievement, let us remember the legacies left by those former Treasurers, including our current Governor, Jack Markell..
If you remember, the legacy he touted when running for governor, was that he computerized the Treasury Department. Hell, the entire government was computerized during the 2000’s, as well as the entire corporate world. Former Treasure Markell’s legacy was nothing more than being in the Treasurer’s office at the right time when computers came into being…
Prior to that, former treasure Rzewnicki. Her legacy was her attempt to bash Carper with a domestic abuse case. That is her lasting memory.
And before that, Tom Carper. lucklily happened to be in when Pete Dupont rewired Delaware’s laws and investment environment. Delaware was able to increase the rating of its bonds, but it wasn’t done as a result of decisions made in the Treasury. The decisions were made by the General Assembly and put into practice by Pete duPont.
So when it comes to legacies, the Treasury department by the very low level of duties alloted to it, is hard to make a lasting legacy. But that is what has been done by Flowers. We had an engaged treasurer, who actually made many of our sleep-walking members of the Delaware General Assembly aware there even was even a Cash Management board… There must be something very wrong with having a former guilty procedure breaker, handling the monies of the state in ways no one knows, and who is protected against anyone finding out.
That we know this, will be how the future views Chip’s legacy. This is huge.
Reflecting upon today’s news, it is best that he step down. It is unlikely that any second term could do more to add to what he has accomplished. It is best to “get-‘er-done” and move one, and not let the dilution process that naturally happens when one is in office too long, to occur on one’s second shift minimizing ones accomplishments and action.
At least now for the future, when anyone says “Chip Flowers”, we will always have the image of Delaware’s First Black Treasurer, who ran on the platform that it was the “People’s Treasury”, and was the first treasurer to ever do anything to return the Treasury back to the people whose money it handles. He and all of Delaware can be proud of that.
I agree with his decision. It is smart to move on and it is now up to us, “We, The People”, to arrest and hang the lyncher. David Marvin needs to be pulled off the board, even if it takes a bill originating in the General Assembly, and all the state gets to watch the next Speaker of the House twist in the wind between either supporting his “boss”, or all those thousands of citizens who voted him into office. Secondly, we need to know who and how this sickness ever got so close to Delaware’s people’s Treasury….
Ericka in today’s world, is a distraction. The real problem has always been that crook who was fined over $976,000 and now sits, at the discretion of the governor, where he can pass his hands through the state’s money at will… and no one is even allowed to look over his shoulder.
We need to know why he is still there….
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August 15, 2014 at 3:46 pm
kilroysdelaware
Reblogged this on Kilroy's delaware.
August 16, 2014 at 10:26 pm
Arthur
Carper slapped around his wife. Flowered was banging and underling. No biggie
August 16, 2014 at 11:11 pm
kavips
Who cares about either? Carper is destroying middle America by his catering to corporate interests, over those of his constituents. And Flowers was helping middle America by provided accountability and openness to how their finances were handled by a convicted shyster. Those are our issues. The other are none of our business and only someone who wants to point the real issues away from the middle class, would even go there…
Meaning those who point them out, deserve to lose.
Do you happen to know why we have David Marvin on our board still, even though he was shown to be untruthful to those whose money he was handling? Do you want someone who was cheating with other people’s money, caught, and who paid the fine, taking care of yours?
That is the controversy…. That is the outrage. .. That is who needs to hang. It’s like Jesus was crucified, and Caiaphas is allowed to go on with impunity. “Yup, yup, yo; yup, yup, yo… I’m Caiaphas… Yup, yup, yo….”