Sanford shot down
Okay, this story is a few days old, but interesting.
T. Denny Sanford amassed his fortune by selling last-ditch credit cards to consumers with bad credit.
The philanthropist who has poured millions into Sanford Health is known in banking circles for the billions he made with his South Dakota companies First Premier Bank and Premier Bankcard, one of the largest subprime credit card operations in the country.
Now, as Minnesota Attorney General Lori Swanson looks into merger talks between Sanford Health and Fairview Health Services, some are asking whether Sanford’s background should be part of the debate.
“When I saw that Lori Swanson wanted to open this up, I knew this would come up right away,†said Doug Cummings, director of East River Legal Services in Sioux Falls.
When contacted about Sanford’s business career, Swanson declined to comment.


