Nathan Deal concedes ‘oversight’ in failure to report additional $2.8 million in loans

Updated at 1:55 p.m.: The Associated Press has just moved the following by Shannon McCaffrey:

A review of records has found that Republican Nathan Deal did not disclose two active loans on which he and his business partner owe a combined $2.85 million.

The loans from two banks were made to Deal and Kenneth Cronan in 2009. They do not appear on the financial disclosure Deal filed with the state Ethics Commission when he announced he was running for governor.

Deal on Thursday called it an “oversight” and said he planned to amend his financial disclosure with the state. He said the debts were business loans for his Gainesville Auto Salvage business. Real estate records list only Deal and Cronan as the guarantors.

One $350,000 loan is from Verity Bank in Winder, Ga. The other is a $2.5 million from Branch Banking and Trust Co. in Gainesville, Ga.

Original post: Democrat Roy Barnes and Republican Nathan Deal just finished a detailed-filled, hourlong debate on education policy before the board of trustees of the PAGE Foundation.

We’ll get to those details later. Immediately afterwards, Deal was surrounded by a scrum of reporters still chasing the details about his financial condition.

Deal said he had no plans to release more details about his tax returns – but acknowledged that his debts are larger than the $2.3 million that an AJC article of Tuesday outlined.

Lori Geary of Channel 2 Action News asked the former congressman whether his liabilities included a loan to his auto salvage business of between $1 million and $5 million.

Deal said he and a business partner, with whom he shares ownership of the company, did:

”We are both guarantors on that loan. It’s a corporate loan, and it’s guaranteed by those of us who are the corporate stockholders. “

The Republican nominee was also asked whether a meeting with state Revenue Commissioner Bart Graham – the topic of a federal subpoena in June – was prompted by his fiscal difficulties. Deal said no. That meeting and others, he said, were prompted by his worries that the state would be allowing uninspected, damaged vehicles back on the road.

“I think that’s something the press ought to be concerned about,” Deal said. “I think you’re derelict in your duty.”

Deal said he would not release any further financial information. Earlier this month, he released 28 years’ worth of tax returns, though not any supporting documents. Said Deal:

”I have released my tax returns for 29 years. I have revealed my tax returns, I have released the documentation for the 18 years I was a member of Congress. I think that is full disclosure.”

After Deal left the room, Barnes declined to comment on his GOP rival’s financial situation, but said this:

”We need somebody that makes sure they can give full attention to the state at this very critical time. We need somebody that doesn’t need on-the-job training, and can give their full attention to it. I’ll allow him to answer those questions, but the message I would have is – let’s disclose everything.”

Deal insisted that Barnes reveal how many cases he’s had before judges he’s appointed. Barnes said he could only find one instance, and that the jury came out with a $400,000 judgment against an insurance company. It was not appealed.
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381 comments Add your comment

Goobers

September 16th, 2010
12:44 pm

A Gooberner Handel with a GED might be a better choice than a bankrupt wheeler-DEALer.

Wonder whose interests he will be looking out for?

Ooh La Lah

September 16th, 2010
12:45 pm

Ned to know more about Deal’s mansions, please! Saw a brief mention that Deal has a million dollar mansion, as well as a “cabin” that is well over $700,000. Both heavily mortgaged! Can anyone provide a link as this info has disappeared?

Drew

September 16th, 2010
12:47 pm

Barnes sucks and should not be governor! Vote against Roy and not for anyone.

Goobers

September 16th, 2010
12:48 pm

Here is Jawja’s New State Cheer:

GO GOOBERS GO! GO GOOBERS GO!… YEAH… GOOBERS!!!

Believing

September 16th, 2010
12:49 pm

Deal is corrupt and if you go to the polls and vote for him then you deserve what ever problems he brings upon this state.

greg best

September 16th, 2010
12:52 pm

What is the process of replacing an unsuitable nominee for Governor? Is the GOP stuck with this guy Deal as the nominee? Lots of buyers remorse with Deal.

Peaceupatowndwn

September 16th, 2010
12:52 pm

Id rather take Barnes than Deal anyday.. to me it seems as if Deal is hiding something and then look at all his Finance issues ( sorry deal I dont want you as my Governor ) you cant even handle your Finance but yet You wanna be put in the Governor’s Mansion ( oh please )

Roy Barnes 2010 !!!

david

September 16th, 2010
12:53 pm

Vote for Libertarian John Monds. He is honorable and independent of special interests.

TDub

September 16th, 2010
12:55 pm

Perhaps the Republican voters should spend a little more time actually learning about their candidates and their positions, stature, and background rather than just voting for the one who can scream the loudest…

Too Bad

September 16th, 2010
12:56 pm

Paging Karen Handel. Please report to the Gubernatorial Race ASAP!!! Sadly, we have to elect one of these nitwits (Deal or Barnes)- Wow. Just… wow.

spfuller

September 16th, 2010
12:56 pm

If Deal is corrupt he isn’t very good at it to be in this much of a pickle.

The Best We've Got??

September 16th, 2010
12:56 pm

It looks like this election is going to be like the 08 Presidential election, no good choices. Well, guess I’ll just write in…

Frustrated Voter

September 16th, 2010
12:56 pm

I am not happy with either candidate. One is a crook and the other is a liar. I thought the primary election process was supposed to weed out bad candidates.

T Man

September 16th, 2010
12:56 pm

What a disgrace, Nathan! How could you be out there campagning knowing all this was going to hit the papers?? Why did not KH or the media break thia story before the runoff? He should withdraw immediately and Ga Republican pary should beg Karen or better yet Herman Cain to fill the spot. RB is going to have a field day. Thanks a lot Nathan for your selfish boorish view of yourself and our state.

Bunnie

September 16th, 2010
12:58 pm

Frustrated Voter, I can’t tell which is which, the crook or the liar. After all, scratch a liar, find a thief.

dagny

September 16th, 2010
12:58 pm

Ooh La Lah – Deal only owes $200k on his home that is listed at $985k.

Funny that Deal says he was “concerned” about uninspected cars. No cars were going uninspected! They just weren’t ALL going to him anymore! Deal is omly concerned about his own money and where it will come from next.

Liberal/Conservative

September 16th, 2010
12:59 pm

Deal should read Trump’s book, “The Art of the Deal.” It would seem that Deal lacks a great deal of deal-making expertise. All Georgians would be dealt a raw deal is Deal seals the deal on election day.

Rational Citizen

September 16th, 2010
1:00 pm

Are Georgians really stupid enough to elect a man Governor who cannot manage his own personal or business finances, simply because they view him as a conservative? We’re talking about the future of our state, and most voters will go to the polls and decide based upon social issues. If Georgians do (and let’s face it, they probably will) elect Nathan Deal as Governor then nobody should be surprised when, years from now, our state finances reflect those of the crooked politician who schemed his way to office by riding the coattails of Jesus.

SICK OF 'EM

September 16th, 2010
1:00 pm

Sick & Tired of these poliyicians. Deal had NO BUSINESS RUNNING to begin with. I’m VOTING LIBERTARIAN.

Arnold Schwartzenegger

September 16th, 2010
1:00 pm

If I can be governor of two states I will. I’ll be back.

The Best We've Got??

September 16th, 2010
1:01 pm

Yes Arnold. Get to the chopper!

Demoman

September 16th, 2010
1:01 pm

So, our choice is a retread who couldn’t win last time, or an apparent financial moron who claims he was helping his daughter by borrowing more money than he has the ability to repay. Makes you wonder how quickly and how badly he can bankrupt the state. If the AJC hadn’t reported it, wonder if he would have used campaign money to repay it. Can we throw ‘em both back and try again?

Matt D.

September 16th, 2010
1:02 pm

“After Deal left the room, Barnes declined to comment on his GOP rival’s financial situation” then proceeded to comment. If Barnes wants to comment on something, he could tell us about the suit he filed against the state concerning voter ID. Maybe he could then continue and comment on any cases he now has pending or in the court system which negatively affects the state.

It is not surprising that the media only questions Barnes about Deal. They can’t put their candidate (Barnes) on the spot. Way to go Atlanta media! You can always be counted on to be “fair” – NOT!

flagger

September 16th, 2010
1:02 pm

i would like to know where u clowns at ajc were before deal won the primary
maybe if u had did the job the press is suppose to do, then we would not have to choose
between roy the rat and unreal deal….

Deja Vous

September 16th, 2010
1:03 pm

Drew: Did that 8 years ago and we got stuck with Sonny. What a disaster he has been. I don’t like Roy. No way I can vote for Deal. Once again, a “hold your nose and vote” election choice.

Incompetent

September 16th, 2010
1:05 pm

I have always voted for incompetency in the past, no reason to change now. We voted for Bush didn’t we? Deal and Bush are very similar. You really can’t blame Bush as he was only the driver when the bus went off the cliff. Obama is the driver now as the bus hits the bottom. Very smart Bush, looking forward to more of it in Georgia, Goooo Goooobers!

Aquagirl

September 16th, 2010
1:05 pm

Is anyone surprised? What a freakin’ tool. I love his dodges—telling the press they’re derelict in their duties, refusing to reveal more (hey, maybe he can keep it under the carpet until after the election!) claiming he’s made full disclosure—yeah, that’s embracing the wingnut mantra of personal responsibility.

And idiot Republicans will still vote for him.

Oh Dear › Blog for Democracy

September 16th, 2010
1:06 pm

[...] From your pal J-Gal: Deal said he had no plans to release more details about his tax returns – but acknowledged that his debts are larger than the $2.3 million that an AJC article of Tuesday outlined. [...]

Matt D...umb

September 16th, 2010
1:10 pm

Don’t listen to Matt D, they could find a corpse buried on Deal’s property and it would be the “liberal” Atlanta medias fault.

DecaturMax

September 16th, 2010
1:11 pm

Is is possible the failed family sporting good business in a rural location and in a building bigger than REI had more to do with a bad business plan than the recession? Hmmm…………. The recession killed the business?

David

September 16th, 2010
1:12 pm

This is getting hilarious. Deal telling the press they are derelict in THEIR duty. Too much!

Ooh La Lah

September 16th, 2010
1:14 pm

“Deal only owes $200k on his home that is listed at $985k” dagny

Thanks dagny. Do you have any info on the $700k + cabin. As i remember it was nearly $800k and heavily mortgaged. Both of these must be so far underwater it is incredible. Friends in the know about housing tell me that before this is over a good house/location may be worth at most 40% of peak. Raw land 10%. Same folks convinced me to buy lots of gold and silver in 2003, against my own opinion, so i will listen.

Sick&Tired

September 16th, 2010
1:14 pm

“I think that’s something the press ought to be concerned about,” Deal said. “I think you’re derelict in your duty.”

When in doubt, throw STONES. I don’t want a governor who has a GED and I don’t want one who is in DEBT. This man would only be wheeling and dealing for his own benefit.

Aquagirl

September 16th, 2010
1:14 pm

Oh, don’t be so tough on Matt D. It must suck to have his job, and he probably doesn’t even get paid much for these posts.

findog

September 16th, 2010
1:15 pm

The Deal claim of safety was shown to be a sham as the only thing they really do is check Vehicle Identification Numbers and to see no stolen parts are used. His firm and the State of Georgia provide no guarantee of the safety of those vehicles; if he had he would have been a bigger idiot as the liability would have destroyed his company long before an unfortunate timed and but poorly conceived business plan bankrupted his daughter…

[...] believe this is what Graham alluded to the other day. In a press conference this afternoon at the Georgia National Fairgrounds, JB Powell, the [...]

jackie

September 16th, 2010
1:17 pm

The more I find out about King Rat and Raw Deal the more it makes sense to vote for the Libertarian candidate John Monds.

Ooh La Lah

September 16th, 2010
1:19 pm

“flagger said: i would like to know where u clowns at ajc were before deal won the primary
maybe if u had did the job the press is suppose to do, then we would not have to choose.”

It seems like a setup to me as well. In other words, the media who knew this sat on the story?

Mark

September 16th, 2010
1:20 pm

Deal should get out of the auto salvage business and try to salvage train wrecks, something he really knows how to do.

KZGuy

September 16th, 2010
1:20 pm

Go to the polls and hold your nose is about right. However a state that elected Sonny not once but twice has a terrible track record. Deal’s motto should be ‘We cheat you right’. Heaven help us.

George

September 16th, 2010
1:20 pm

I’m for Barnes.

about time

September 16th, 2010
1:21 pm

Deals not worried. Once he becomes governor, he’ll get alot more of those no bid state contracts and make all that money back within a year.

Cissy

September 16th, 2010
1:22 pm

WRITE IN ERIC JOHNSON.

Kevin

September 16th, 2010
1:22 pm

Seriously– there are 10 million people in this state, and, somehow, Deal and Barnes are the best two choices we could come up with?

It’s depressing.

Mad Dog

September 16th, 2010
1:23 pm

Matt D is my favorite booster for Deal’s candidacy. No matter how obvious the flaw, Matt D is unfazed and always willing to blame someone esle for Deal’s troubles: the liberal media, Roy, etc. Points to Matt D for consistency and loyalty but demerits for a total lack of common sense.

Ward

September 16th, 2010
1:25 pm

Deal’s an idiot and Barnes is a jerk. I’m just gonna move.

Astropig

September 16th, 2010
1:25 pm

Scene- Governors office. 2012

( Governor Deal) ” Yes ?”

( Secretary) ” Governor ,your 3 o’clock appointment is here”

( Deal) ” 3 O’clock ? ” ” Which one is that ?”

( Secretary) ” Its the roadbuilder ,sir ” ” He wants to discuss that massive project up near Gainesville”

( Deal) ” Yes !” “Show him right in”

( Roadbuilding crook that wants to get rich off of government contracts) ” Governor , I hope you and yours are well” . “I’ll get right down to it , Governor.” ” We need your help to convince the public and the legislature that the new Gainesville Bypass is a good ,needed and useful project that will benefit the citizens of this state”. ” Now ,we know that a billion six is a lot of money, and our project in south Georgia has been going on since Bush was president…”

(Deal) ” Yeah ,George W. was a goodman and a great president.” “I visited him in the White House a lot when I was in congress”.

(Roadbuilding crook)- ” Actually sir, we started that project when his dad was in office” .”But thats not important now”. “What IS important is getting some goldarn dirt moved up there in Gainesville” . “Thats your neck of the woods ,isn’t it ,governor “?

(Deal) “Why yes,it is”

(Roadbuilding crook) ” Well, we’re gonna need a project headquarters” “Do you know of any empty buildings up there that we could “buy” ? ” Do you know anybody that needs the money real fast because they are about to do the ‘ol “blue collar two step” ? (Winks)

(Deal) – “I can only think of one…”

Just Groovy

September 16th, 2010
1:26 pm

Why would Deal want to assume the job as Governor of the state at this time? He has too many personal issues that he needs to “Deal” with.

Welcome Back Governor Barnes….

UGA 1954

September 16th, 2010
1:26 pm

How did this information about Nathan Deal go unnoticed by his rivals? Did they not research him closely enough? This information is on the docket at the Clerk of Court’s office. Did none of the other candidates (i.e., Handel, Johnson, etc.) think to check him out? If not, then they ALL deserved to be defeated. Am I happy that Deal is what’s left? Not at all.

dawg fan

September 16th, 2010
1:26 pm

Open letter to Nathan Deal

Mr Deal,

I want to ask you nicely to please step aside as the Republican Nominee for Govoner. You obviously have to many other things to worry about than to lead the great state of GA. You should have never ran for this office knowing that you were dealing with the financial hardships you are. You are a Bigot for trashing Karen Handel knowing what you had going on. I do not blame you for helping your daughter but once it failed just take care of your junk business or whatever you own. If you truly want Georgia to move in the right direction you would step aside today.

Respectfully submited,
Concerned GA voter