Steve Page Exec of Sonoma Raceway and lead spokesman for No on Measure B hotel proposal is being sought after by the FDIC for his unsafe and unsound leadership as a former Board member of Sonoma Valley Bank.
Page previously avoided the attention of the media in the shareholders lawsuit as they only listed holding company directors and Page was a Bank director only. However, the recently obtained FDIC documents filed in US Federal District Court indicate that all 7 Bank directors were voting on the 12 loans they list as direct "Loss Loans" resulting in the failure of the bank.
Page and all the directors and officers are suspected of being a part of a continuing Federal Grand Jury still ongoing led by SIG-TARP Treasury, FBI, IRS and FDIC and may include criminal charges.
Page was also quite outspoken in a Letter to the Editor following the first of three in a trilogy of major front page feature articles uncovering the real scandal inside SVB's failure. Page railed against two outspoken critics and referred to them as a "malcontent blogger" and derogatory "former board member" and it seems after all the investigations are playing out that Page is wrong and the outspoken critics are spot on discrediting his reputation and credability.
Many wonder why he was chosen as "NO on Measure B" spokesman for the recently televised Chamber of Commerce sponsored debate between Preserving Sonoma and Protect Sonoma. Most agree its because of his old ties to Darius Anderson from their work on another loser the Sonoma Jazz Fest. After failing a bank, being wrong on Measure A and a spokesman on the failed Measure C hospital fiasco, how can anyone in Sonoma Valley trust and believe anything Steve Page has to offer?
Who will Protect Sonoma put out front next? Or will Page help them craft a weasel out strategy as he did on Measure C when they realized they were going to lose badly they crafted a back-up alternative plan. Is that was Protect Sonoma is up to now? Only time will tell.