Archive for the ‘Florida Politics’ Category

Alex Sink, Chief Financial Officer

TALLAHASSEE, Fla. / Convicted Ponzi scheme mastermind Bernie Madoff, who will spend the rest of his life in federal prison for defrauding his investors out of $50 billion, managed roughly 4,000 accounts for Floridians, some of whom are blaming Chief Financial Officer Alex Sink for failing to regulate Madoff’s activities in this state.

Sink heads the Department of Financial Services, which oversees insurance fraud investigation, consumer protection, hedge funds, and registered investment advisors. 

Two sources who claim they were “victimized and neglected” by Sink’s office during her term as CFO spoke to Your Politics News this week on the condition of anonymity. One, a Miami-based retiree originally from Flint, Mich., said he felt Alex Sink should take responsibility for the Madoff scandal.

“Florida is Alex Sink’s state,” he said. “That means Florida is her problem. Why wasn’t her office aware of Bernie Madoff scheme four years ago?”

Another source claims she invested money with Sarasota hedge fund manager Arthur Nadel, who earlier this year pleaded guilty in a scheme that won him the title “mini-Madoff” on national news coverage. 

“It’s appalling when the leaders you elect to watch out for these crooks and cheaters are more concerned with campaigning for higher office,” she said. “Aren’t these hedge fund managers supposed to fall under Alex Sink’s responsibility?”

Democrat Alex Sink, elected to office in 2006, faces a tight race against Republican Rick Scott for Florida’s governor Nov. 2.

RealClearPolitics.com, a Chicago-based political poll tracker, projects Rick Scott with a slight lead over Alex Sink as of Sept. 28.


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TALLAHASSEE, Fla. / Charlie Crist, who disenchanted the GOP when he left the party earlier this year to run for U.S. Senate as an independent candidate, hit the airwaves this week with a political ad featuring the governor fitting together giant letters from the words ‘Democrats’ and ‘Republicans’ to form ‘Americans.’

“As an independent, I will take the best ideas of Democrats and Republicans to get things done,” Crist says in the 30-second spot, before he launches the letter T across the room, a possible symbolic swipe at the GOP’s tea party movement supporters.

“The case can certainly be made that Charlie Crist is saying ‘to heck with the tea party’ through this ad,” Erica Lihne, an advertising consultant and strategist with a St. Petersburg-based firm, told Your Politics News.

Crist has steadily distanced himself from his former Republican base since he announced his independent run earlier this summer. What do you think? Your Politics News invites you to watch the Charlie Crist ad and take the poll.

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Rick Scott win Republican primary

Rick Scott pulls off upset victory in Florida Republican primary.

 MIAMI / Rick Scott, the wealthy outsider who spent tens of millions of his own money, has defeated the better-known Florida Attorney General Bill McCollum for the Republican nomination for governor and will face Florida CFO Alex Sink in November after she won her party’s nomination.  

Gov. Charlie Crist, the one-time Republican, is vacating the  job after deciding to dodge the Republican primary and run for U.S. Senate as an Independent. 

McCollum who has spent decades in politics, was the favorite of the Republican establishment.  But Scott,  a wealthy former healthcare executive and investor who moved to Naples just seven years ago, spent $50 million of his own money painting McCollum as a “career politician” on TV ads.

 The Republican primary was the costliest on record, with more than $70 million combined spent by Scott, McCollum and the various companies and interest groups.

“I voted for Rick Scott because I’m a small businessman,” says Sammy Sejas from Dade County.  “He seems like a guy who wants to get the job done.”

Sink had virtually no opposition in her race and has spent only a fraction of her campaign warchest on ads.  She mostly sat on the sidelines during the campaign watching the Republican candidates beat up one another.

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