31st CD: The Bankster, Mayor Pete Aguilar

If Pete Aguilar defended his superiors’ engagement in this type of banking activity, imagine what he will do for Wall Street…

Loose standards and easy money. That’s the basic premise of what happened  at Arrowhead Credit Union. Larry Sharp, Mayor Pete Aguilar, and others might have used bank funds inappropriately for lobbying and election influence.

The housing market was hot in the Inland Empire. But restrictions on how Credit Unions made loans prevented them from lending to non-members. This is why they needed the PAC, for influence. Pete Aguilar as the Vice President of Governmental Affairs at Arrowhead Credit Union, led that effort.

However, in the end it did not end well. Arrowhead Credit Union was fined multiple times for faulty record keeping and extremely loose credit standards. This is why one small business owner left.

Ineptitude by Arrowhead Credit Union led to the arrest prominent African-American Pastor T. Elliot of Mount Zion Baptist Church. Mr. Elliot sued, but the matter seemed to be settled out of court. 

Now Mr. Aguilar is being funding by Nevada Banks, that will ensure the loss of local control by Inland Empire residents. If you care about the self-determination of the Inland Empire, you will vote NO to Pete Aguilar.