Greer: Floridians Won’t Sink Florida

Tallahassee–Republican Party of Florida Chairman Jim Greer today reacted to Chief Financial Officer Alex Sink’s decision to run for Governor of the State of Florida in the 2010 Election.

“I welcome former banker Alex Sink to the Governor’s race. After years of smoke in mirrors, it is about time for Floridians to meet the real Alex Sink,” said Chairman Greer.

“Getting Florida’s economy back on track and creating jobs will be the number one task of Florida’s next Governor. On this front, Alex Sink has failed and will continue to fail,” continued Chairman Greer.

• The real Alex Sink was paid millions of dollars while overseeing what the head of Atlanta’s Legal-Aid called “subprime predatory mortgage lending.”
• The real Alex Sink fired thousands of Floridianswhile earning her millions through these predatory lending practices.
• The real Alex Sink used the very same practices that well known economists have linked to the significant economic downturn that Florida is facing today.
• The real Alex Sink played the leading role in tanking Florida’s economy.

“The real Alex Sink played a leading role in tanking Florida’s economy,” concluded Chairman Greer. “Alex Sink has been enough of a hazard as Chief Financial Officer, and I don’t believe that the people of this great state will risk Alex Sink and her ‘troubled assets’ in the Governor’s Mansion.”

Background:
“In three final years of pay, stock options and deferred compensation, she [Alex Sink] drew $8.8 million.”(Orlando Sentinel 04/06/03)

The head of Atlanta Legal Aid testified before Congress that both Barnett and Bank of America [both companies Alex Sink oversaw] engaged in “sub-prime predatory mortgage lending.” (Testimony of William Brennan before House Committee on Banking and Financial Services, 05/31/00)

“As the executive in charge of the Nations Bank – Barnett Banks merger, Sink was responsible for firing 6,000 Floridians.” (Orlando Sentinel, 01/01/98)

“Many big banks have had a hard time digesting acquisitions and underestimated how much capital they would need to survive. Multiple regional banks have high concentrations in risky assets or geographic areas, such as Florida.” (Wall Street Journal 04/11/09).