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From the staff of the Tampa Bay Times

Don Saxon resigns



During this morning's Cabinet meeting, Florida CFO Alex Sink made a motion asking Don Saxon, the chief of the beleaguered Office of Financial Regulation, to step down at the end of September. When Gov. Charlie Crist seconded the motion, Saxon knew he'd lost his job. (It takes the governor and the CFO to oust him.)

He told the Cabinet that he'd be willing to resign voluntarily, to "pursue other areas of my career," although he asked that he would be able to oversee the audit that was underway. The Cabinet accepted his resignation, unanimously.

Then Saxon walked very quickly out of the Cabinet room and tried to get in the elevator to make a quick getaway. But more than a dozen members of the press, including the Buzz, got in the elevator with him, forcing Saxon to hold a mini press conference while backed in a corner of the capitol elevator.

Saxon, who spent 33 years in state government, said he'd wait for the audit to decide whether his office had broken federal regulation in failing to thoroughly oversee the licensing of mortgage brokers.

"You always wish you could do better. We were applying the statutes the best we could," Saxon said.

[Last modified: Wednesday, September 15, 2010 10:06am]


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