twitter facebook flickr

6/2/2010

Connolly Warned Lynch About Hildreth In 2007

CONCORD – In an op-ed published in Saturday’s Concord Monitor (5/29/10), Former Securities Director Mark Connolly said that he warned Governor Lynch about Banking Commissioner Peter Hildreth’s incompetence before he re-appointed him in 2007. Today, Governor Lynch initiated proceedings to remove Hildreth from office because of his poor job performance.
 
“John Lynch was warned about Peter Hildreth’s incompetence and ineffectiveness before he personally re-appointed him in 2007. Governor Lynch’s decision to ignore these concerns and retain Commissioner Hildreth is just another example of how poorly he has managed New Hampshire during his three failed terms in office,” said NHGOP Communications Director Ryan Williams. “There are now two senior Lynch Administration officials who are being removed from office and the state is struggling with an unprecedented fiscal crisis. The continued chaos in Concord reminds voters that it’s time to replace John Lynch with a responsible Republican governor who can clean up his mess and restore confidence in state government.”
 
In his op-ed, Connolly said he raised concerns with Governor Lynch about Hildreth before he was re-appointed in 2007. Hildreth was initially appointed in 2000 by then-Governor Jeanne Shaheen.
 
“There was concern by the [Securities] bureau that the Banking Department was too close to the industry it regulates, including the Concord-based law firm that represented FRM - something I conveyed to Gov. John Lynch shortly before he re-appointed Commissioner Hildreth,” wrote Connolly.