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From the staff of the Tampa Bay Times

Rep. Paige Kreegel has questions about transparency at SBA



State Rep. Paige Kreegel, R-Punta Gorda, is also raising questions about the SBA’s lack of transparency.

Kreegel said he had trouble getting answers about a New York City real estate deal where the SBA lost $266 million.

"There’s been enough bad investments made and enough taxpayers' money lost it seems that whenever the Legislature wants to take a deeper look, we get the bucket of cold water thrown at us," Kreegel said.

"Repeatedly shady appearing deals have lost hundreds of millions of dollars of taxpayer money through what they term alternative investments."

Kreegel said he's discussing legislation with Sen. Mike Fasano, R-New Port Richey, to prevent this type of non-transparency.

-- Sydney P. Freedberg, Times staff writer

[Last modified: Tuesday, October 4, 2011 11:14am]


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