Clear61° FULL FORECASTClear61° FULL FORECAST
Make us your home page
Instagram

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]

    

Join the discussion: Click to view comments, add yours

Loading...