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OFR: We didn't screw up that badly
Don Saxon who runs the recently beleaguered Office of Financial Regulation sent a letter to nearly all Florida media publications giving his side and blasting the Miami Herald's investigation. Read the letter here.
Saxon says he doesn't quite believe the Herald's numbers and says the Herald won't give the numbers over so his office can verify. (Most media publications don't share their investigative research with government agencies. And Buzz hears that OFR charged the Herald a hefty $4,000 down payment to get the records in the first place.)
He also suggests the series blames them for things OFR can't control by law. For example, there's no law requiring the agency to license loan originators, which were written in depth in one of the stories.
"Do we make mistakes? We all do. Did we make mistakes to the degree the Miami Herald has suggested? No." Saxon wrote in the letter.
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