The RPOF just issued the following release:
Banks Don’t Want ‘Em, Investors Don’t Want ‘Em, But Alex Sink Does!
Tallahassee—As if Florida families don’t have enough to worry about, the Associated Press reports today that the state’s Chief Financial Officer Official wants to buy toxic assets for investment purposes.
“There is a reason they’re called ‘toxic,’” noted RPOF Chairman Jim Greer. “The federal government doesn’t want them and private investors don’t want them. Why should the people of Florida?”
“Alex Sink may be willing to make a deal with devil to in an attempt to enhance Florida’s investment portfolio, but taxpayers will not support this incredibly risky move with their dollars. As a former bank executive, Alex Sink should know the perilous potential outcome of even considering purchasing toxic assets, which could damage the entire state’s credit and hurt taxpayers.”
