The Buzz

From the staff of the Tampa Bay Times

What's sleazier, Alex Sink's banking or Bill McCollum's lobbying?

17

December

Picking up a line of attack begun months ago by the Florida Republican Party, Bill McCollum is accusing his Democratic rival for governor, Alex Sink, of "deceptive loan practices'' while she was a top banker.

It's a risky political strategy, considering McCollum's history with the mortgage industry. As a member of Congress from 1980 to 2000, McCollum served on the committee overseeing financial services and co-sponsored 1999 legislation that tore down the Depression-era firewall between investment banks and commercial banks.

After he left Congress, McCollum lobbied for the Mortgage Bankers Association of America and for a nonprofit with a downpayment assistance program that was later outlawed by Congress after the Internal Revenue Service dubbed it a "scam."

(Story here)

[Last modified: Thursday, September 9, 2010 2:10pm]

    

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