NH banking chief faces removal

CONCORD – Removal proceedings begin today against New Hampshire Banking Commissioner Peter Hildreth, who is accused of not doing enough to stop a now defunct mortgage firm from running a Ponzi scheme. Gov. John Lynch said the Executive Council, which will decide Hildreth’s fate, wants to allow one week for the hearing with deliberations on Dec. 6. That would mean the current council, which voted unanimously to hold the removal hearing, would act as Hildreth’s judge and not the councilors elected Nov.

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