Now I know why some FOJ (Friends of Joe Ferriero) keep stalking me on Blue Jersey. Because right around the time the Freeholders are trying to bring back the bad old days of Pay to Play in Bergen County under Joe – including his minion Freeholder Ganz, THIS story comes out.
It appears that Mariner’s Bank which was run by the developer Diabes – who has been a big player in construction and who got the boondoggle bid for Overpeck Park – loaned – unsecured mind you – and at 6% – $350,000 to Joe Ferriero, as well as other questionable loans to Dennis Oury and former Dumont Mayor Matthew McHale.
This story is the gift that keeps giving. I would not want to be Joe Ferriero when his bill of $387,000 comes due for that loan in July. This story just keeps reminding everyone just how messed up things were in Bergen County during the Reign of Boss Joe. And there are a lot of his best buds that really want folks to forget what happened – like Freeholder Ganz. Ganz reminds me of the minions in Harry Potter, who wish for nothing more than the return of he who shall not be named. Hence this diary to remind everyone. I highly recommend you read the full article. It is pretty fascinating. Even the Bergen County Prosecutors office was involved – parking their money at Diabes’ bank. What a tangled web.