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Re: SF Event Center Named
OK, late as usual to the party...but I always get a little ticked hearing people complain about Denny Sanford's high risk, high cost credit card company (he has made a lot of money off his bank, his credit cards, and other areas just like Warren Buffet for cripes sake). Sorry Nidaros, his credit card offering was not usary (see Merriam-Webster, i.e. "interest in excess of a legal rate charged to a borrower for the use of money." People can moralize all that want to on it, but the company was in the business of giving credit to people who couldn't get it elsewhere, at a rate that did not exceed law, and that is a very high risk business. If some of the complainers want to get in the business of high risk lending...why don't they.
And let's be careful that we separate discussions about T. Denny Sanford and Sanford Medical. TDS gave huge sums to Sanford Medical and got his name on it and people can like that or not. The funding for the Sioux Falls event center, for the SDSU Indoor Human Performance Center, the USD facility, all comes from Sanford Medical, not from TDS. TDS did give $5 million to SDSU in Dana Dykhouse's name, along with $1 million from the Dykhouse family, and a similar amount to the USD business school in the name of his other top employee, and his name is not on either facility. The $10 million for SDSU is from Sanford Health...not TDS...and was part of a deal on providing all medical services for SDSU athletics. Most of this discussion is academic anyway...I doubt Mr. Sanford gives a rip what people say. I'm just glad, like others have mentioned, that in giving away a lot of his money before he dies, that he is investing a huge share in South Dakota projects.
OK, late as usual to the party...but I always get a little ticked hearing people complain about Denny Sanford's high risk, high cost credit card company (he has made a lot of money off his bank, his credit cards, and other areas just like Warren Buffet for cripes sake). Sorry Nidaros, his credit card offering was not usary (see Merriam-Webster, i.e. "interest in excess of a legal rate charged to a borrower for the use of money." People can moralize all that want to on it, but the company was in the business of giving credit to people who couldn't get it elsewhere, at a rate that did not exceed law, and that is a very high risk business. If some of the complainers want to get in the business of high risk lending...why don't they.
And let's be careful that we separate discussions about T. Denny Sanford and Sanford Medical. TDS gave huge sums to Sanford Medical and got his name on it and people can like that or not. The funding for the Sioux Falls event center, for the SDSU Indoor Human Performance Center, the USD facility, all comes from Sanford Medical, not from TDS. TDS did give $5 million to SDSU in Dana Dykhouse's name, along with $1 million from the Dykhouse family, and a similar amount to the USD business school in the name of his other top employee, and his name is not on either facility. The $10 million for SDSU is from Sanford Health...not TDS...and was part of a deal on providing all medical services for SDSU athletics. Most of this discussion is academic anyway...I doubt Mr. Sanford gives a rip what people say. I'm just glad, like others have mentioned, that in giving away a lot of his money before he dies, that he is investing a huge share in South Dakota projects.
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