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UPDATE: Sink calls Scott deceptive, irresponsible for ‘scaring our retirees’

by Dara Kam | September 28th, 2010

UPDATE: A spokesman for Rick Scott’s campaign responded to Alex Sink’s rant about her GOP opponent Scott’s attack ads, paid for by the Republican Party of Florida.

“As the St Petersburg Times reported, CFO Sink never declared a potential conflict and supported a no-bid contract to her former employer. Instead of looking for a correction from the St Petersburg Times, Sink is trying to draw attention from valid questions over her integrity and competence,” Scott campaign spokesman Joe Kildea said in an e-mail.

As far as her accusation that Scott is scaring pensioners, Kildea wrote: “She is trying to draw attention away from the facts (as reported in the St Pete. Times)”

Chief Financial Officer and Democrat governor hopeful Alex Sink went on a rant in response to questions about her GOP opponent Rick Scott’s attack ads accusing her of benefiting from a no-bid contract that went to her former employer and being responsible for the state pension fund’s $23 billion loss three years ago.

“You know that’s ridiculous,” Sink, a trustee along with Gov. Charlie Crist and Attorney General Bill McCollum of Florida’s State Board of Administration, which handles pension funds for state and municipal workers.

“The whole market almost collapsed. Everybody’s 401K took a dive. And the good news is that independent authorities call the Florida pension fund one of the strongest investment pension funds in the country.
We are one of the strongest public pension funds in the country. He is out there scaring our retirees into thinking that their pensions are at risk. He’s irresponsible and shouldn’t be doing it.”

Sink was even more incensed over an ad accusing her of voting to give former employer Bank of America a no-bid contract when she may have held stock in the company. The Republican Party of Florida paid for both of the television ads.

“This ad is total lies, just like he played in the Republican primary,” Sink said. Scott defeated GOP primary opponent McCollum after spending $50 million of his own money, much of it on attack ads.

Sink said nearly 40 companies made proposals to the state Division of Bond Finance to get the contract and that the Florida Cabinet voted to award it to Merrill Lynch based on the division staff recommendations.

“The more important issue for the people of Florida is to know this: that in order to avoid any appearance of any conflict of interest when I ran for CFO four years ago I made the pledge that I was going to put any stock assets that I had into a blind trust just to avoid any thought that there was any conflict of interest,” Sink told reporters after this morning’s Cabinet meeting.

“All we hear from him is negative ads, negative advertising. The facts of the matter is that Floridians that I talk to have a lot of questions about his honesty and his integrity and they are questioning his fitness to be the governor of the state of Florida,” she went on.

When asked if Scott was a liar, Sink hesitated.

“He’s deceptive,” she said.

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14 Responses to “UPDATE: Sink calls Scott deceptive, irresponsible for ‘scaring our retirees’”

  1. John Says:

    “Despite 39 audits dating back to 2000 warning of risky, complex, unregulated investments involving leveraged funds, the SBA lost approximately one-third of the fund ($61.4 billion) between July 2008 and January 2009. Nineteen of these audits warning of risk were issued while Crist, Sink, and McCollum were in office.”

    She presided over a 64 BILLION dollar loss. Of course this loss only affects the little people like pensioners so to her this is no big deal. She is pleased with her record?

    lol…we don’t need people this in government anymore.

  2. John Says:

    Sorry, I forgot to post a link to the article describing Sinks’ poor management of pensioners money.

    here it is:

    http://en.wikipedia.org/wiki/Alex_Sink#Allegations_of_SBA_Mismanagement

  3. doug cornwell Says:

    Venomous advertising that sabotages the truth does not work. I hope the voters are more intelligent than the Republicans, which use voter ineptitude to their advantage – with fear and intimidation, will do. Are we really supposed to believe that Scott is squeaky clean so therefore allowed to hurl ANY accusations he wishes at his opponent? Do we REALLY believe that a Republican fascist legislature should be propped up by a hypocrite like Scott? Republicans insist on representatives and senators voting a straight party line – as did the Soviet politburo in Moscow. How much more of this hypocritical deceptive crap do we need to take from this guy Scott?

  4. SINK Sink Says:

    Alex Sink WHILE Chief Financial Officer (CFO) for FLORIDA was in charge of the State’s pension funds and LOST,…LOST Billion$. Other entities in the State was BEFORE the lost and withdrew their funds….but not under Alex Sink’s leadership…by the way, others involved in this pension loss were Charlie Crist – DON’T vote for him and Bill McCollum – who LOST his bid

    NO to ALEX SINK…can’t even manage retirees State pension fund.

    BOOOOOOOOOOOO!

  5. scott Says:

    Ya cause Scott is a squeaky clean guy. Bahahahaha I can’t believe my fellow republicans are trusting this guy who’s company defrauded the government. Oh ya Rick didn’t know anything about it. uh huh riiiiiiiight. I sure hope my fellow republicans are not believing that one. Lets just say he didn’t know what his own company was doing, then why on earth would we want him running our state if he doesn’t know whats going on in his own company (that performed abortions, republicans) ??!! It boggles my mind that someone would vote for someone just because they have an “R” next to their name and because they’re able to spend millions and millions of attack ads to convince naive people that he’s an outsider and just because he uses the buzz words that us Republicans like to use. “left wing liberal” “Obama liberal” “Obamacare” etc etc. Its disgusting. This Republican is voting for the first time for a Democrat.

  6. da_truth Says:

    The only two words anyone needs to know about Rick Scott- MEDICARE FRAUD

  7. TallyRepublican Says:

    I am with the last poster – this Republican will be voting for a Democrat for our next Governor! My husband and I will also NOT contribute another penny to the Republican Party of Florida. I am sorely disappointed in who my party put up against Sink, and even more disgusted that some friends & family are believing slick rick’s ads (that’s what the employees at HCA called him. They also said he was like Teflon – b/c “anytime he did something wrong, the repurcussions did not “stick” to him – he was always able to find someone else to take the blame even though he knew full well what was going on”).

    I’ve done the research. I’ve read his 777 plan. I read all the releases from his offices. And at best, everything I have read from Rick Scott is HALF truth, at best. He is very good at twisting the facts. But this republican is too smart to fall for negative “gossip” or slander – which is all his ads really are.
    Why can’t he put some positive ads about HIMSELF out there? (and not something from his mother – that was one of the most lame ads I’ve seen in my life!) Oh yeah, there is NOTHING positive or honest about this man!

  8. TallyRepublican Says:

    I am with the last poster – this Republican will be voting for a Democrat for our next Governor! My husband and I will also NOT contribute another penny to the Republican Party of Florida. I am sorely disappointed in who my party put up against Sink, and even more disgusted that some friends & family are believing slick rick’s ads (that’s what the employees at HCA called him. They also said he was like Teflon – b/c “anytime he did something wrong, the repercussions did not “stick” to him – he was always able to find someone else to take the blame even though he knew full well what was going on”).

    I’ve done the research. I’ve read his 777 plan. I read all the releases from his offices. And at best, everything I have read from Rick Scott is HALF truth, at best. He is very good at twisting the facts. But this republican is too smart to fall for negative “gossip” or slander – which is all his ads really are.
    Why can’t he put some positive ads about HIMSELF out there? (and not something from his mother – that was one of the most lame ads I’ve seen in my life!) Oh yeah, there is NOTHING positive or honest about this man!

  9. Out with them Says:

    Sorry, if other entities in Florida withdrew their funds BEFORE the $60 BILLION State Pension loss, then OTHERs KNEW.

    Alex Sink and Charlie Crist are the only people left who were IN CHARGE of these pensions. Bill McCollum was disposed of.

    NO to SINK and CRIST!

  10. Unreal Says:

    Nobody can pin the SBA loss on Alex Sink. Governments across the country were invested in SIV’s that they all agreed were sound investments. Washington supported it and so did Wall Street. Can’t blaim Alex for following along with the rest of the ‘experts’. Not sure we want a follower as Governor though. The financial meltdown hit everyone.

  11. Henry C. Brewster Says:

    Ask yourself this. Your car flips upside down in a canal. You’re drowning and want to take someone with you. It’s your choice. Who would you choose? Scott or Sink?

  12. Frank Paul Says:

    Rick Scott is a ruthless crook who deserves to be in prison for the Columbia/HCA fraud. I was a Doctor in a hospital his company took over. Doctors were pressured to order unnecessary x-rays and tests, as well as unnecessary surgery to increase company profits. Doctors like me, who not only refused to do unnecessary surgery, but criticized management at staff meetings, were forced off the medical staff. They made lists of doctors showing revenue each one’s orders and surgeries generated for the hospital, known as “economic credentialing”. I’ve seen patients’ bills with expensive scans billed twice, when only one was done. To get away with it, they gave insurance companies a 2% discount if paid in 10 days, knowing that the insurer wouldn’t have time to review the bill.
    Scott ruthlessly set financial goals for managers, demanding double digit annual increases in numbers of surgeries, and x-rays while cutting the numbers of nurses caring for patients. He didn’t care about patients. For Scott, success just meant more money sent to headquarters in Nashville. Managers turned to billing fraud to “make the numbers” just like Enron turned to accounting fraud, and Scott, like Jeff Skilling claims “he didn’t know about it”. Like many leaders of criminal enterprises, Scott was smart enough to insulate himself from fraud by arranging for mid level underlings to do it while he maintained “deniability” as he raked in the profits. He made it easy for them while making sure that internal auditing and supervision would not discover it, so that when the fraud was finally caught, Scott was not charged, as he currently boasts, and others were blamed. Although he lost his job, he walked away with $10million severance pay. The company plead guilty to 14 Federal felonies and paid $1.7 billion in criminal fines and restitution. That was the largest Federal healthcare fraud in US history, with Rick Scott in charge, claiming he didn’t notice it, right under his nose, and personally getting away with it “Scott free”!
    Is this who you would trust to be Governor of Florida? Rick Scott is highly intelligent, totally ruthless, and without any sense of ethical integrity. This combination makes him so dangerous to Florida. Now that he is enormously rich, he seeks political power to further gratify his insatiable appetite for personal aggrandizement! Above all DON’T VOTE FOR SCOTT!

  13. doug Says:

    Instead of negative barbs at Alex Sink or anyone else, perhaps we need to consider how the meltdown impacted EVERYONE. Look at the retirement system in Indiana, for instance. I believe our leaders did as good a job as possible and have to ask myself: was this a deliberate attempt by Wall Street to destroy all pension funds? There are times it certainly appears that way. But that would be conspiracy theory without proof. However, if one investigates the practices to destroy Social Security, it was usually the same: let’s sabotage it and then claim it just does not work so we can take the money. Greedy people who create a barbaric atmosphere in the USA.

    Also consider this (see P.J. O’Rourke’s book and Wight’s book, and others). Adam Smith, the guy who lived many years before Karl Marx and who defined capitalism, condemned the 18th century Scottish bankers for doing just about the same over-speculation and fraudulant activities that Wall Street did during the last decade. People always say to me, in defense of the Bush “l’aissez faire” attitude of lack of regulation that Smith advocated the “natural progression” of economics. The example of Smith’s condemnation of Scottish bankers tells a different story because he implies there was no “natural” economic activity, but intervention by greedy individuals.

    Stop pointing our fingers at one another and realize that Smith’s condemnation of bankers is the example we should hold forth. The Canadian government DID NOT allow Canadian banks to do what was done here (or in Europe). Our neighbors to the north are now not fighting over retirement funds like we are.

    As I said, how squeaky clean is Rick Scott? And if he thinks he is immune because his crap was pulled in private enterprise, he can go to straight to h – e – double hockey sticks.

  14. Sink Crist and McCollum have lost billions of our dollars Says:

    UPDATE: GOP officials appear to be linking Attorney General Bill McCollum to billions of dollars in losses – to the state pension fund during the 2008 financial meltdown. $266 million Sink funded to Band of America for Peter Cooper Village was an insider job! She should be prosecuted she ownes stock in BOA!

    McCollum has steadfastly refused to join other GOP elected officials in their support for Rick Scott, who defeated the attorney general in the August GOP governor’s race primary.

    The Republican Party of Florida paid for a series of ads attacking Chief Financial Officer Alex Sink, the Democrat nominee for governor, for her role in the pension fund losses.

    “Under current oversight, the fund has lost billions upon billions – and now Alex Sink is actually running ads on her questionable record overseeing SBA,” RPOF spokesman Dan Conston said in an e-mail in response to a reaction to McCollum’s pointed questioning yesterday to refute recent reports that the State Board of Administration made risky investments that endangered the pension fund.

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