Miami, FL (MMD Newswire) September 9, 2009 – - Noted economist Farid A. Khavari, a Democratic candidate in the 2010 Florida gubernatorial race, today labeled Florida’s Governor Charlie Crist, Chief Financial Officer Alex Sink and Attorney General Bill McCollum “a dangerous Gang of Three.”
Citing the recently-reported $266 million lost in just one more bad deal by Florida’s State Board of Administration (SBA), Khavari said, “This is just a tiny part of $50 billion in SBA losses that we know of. The Gang of Three are the SBA’s three trustees. Now two of them are candidates for Governor and our Governor has appointed a crony to keep a U.S. Senate seat warm for him until 2010. We can and we must stop them in the 2010 primaries, if not sooner by impeachment.”
CFO Sink, Democrat, and Attorney General McCollum, Republican, are candidates for Governor. Governor Crist, Republican, is running for the U.S. Senate. Their current positions make them the three trustees of the SBA. “Two years ago the SBA had $138 billion. In March, 2009 they had about $83 billion. They didn’t lose this money in blue-chip stocks. They blew it in phony derivatives and so-called investments that no normal person would even consider, earning tens or hundreds of millions for Wall Street thieves,” Khavari said. “Now they want us to believe that these so-called securities, most of which have no market, have rebounded by $26 billion in the past five months? How stupid do they think the people are?”
Khavari blasted the media. “Instead of doing their jobs, the Gang of Three were out collecting millions in campaign contributions from lobbyists and special interests while the SBA lost over $50 billion, a million Floridians lost their jobs, and a million Floridians lost their homes. The media are dazzled by the millions in contributions, charmed by Sink taking away Blackberries from state employees, and have all but declared the Gang of Three the only candidates for these offices. Not one of them has even hinted at a plan to clean up the mess. The media continue to cover-up $50 billion in losses and print whatever lies they tell about the SBA funds.
“Negligence, stupidity, or corruption? I don’t know,” said Khavari, “but the results are the same. We need to get the Gang of Three out of public office if we are ever going to revive Florida’s economy, put a million people back to work, and slash interest, insurance and energy costs for the governments and people of Florida without higher taxes. The Gang of Three has got to go.”
Khavari continued, “Now these geniuses, fresh from losing $266 million in just one shaky real estate deal, want to invest in Florida real estate for profit. Until we fix the economy, who could ever buy these properties from the state?”
Khavari’s economic plan for Florida, including a publicly-owned bank, has gained national attention since it was released in July.
Khavari praised as an exception a series of articles by four-time Pulitzer winner Sydney P. Freedberg published in the St. Petersburg Times and archived online at www.tampabay.com/writers/sydney-p-freedberg.
Farid A. Khavari, Ph. D., is the author of nine books, including Environomics. His latest book, Toward a Zero-Cost Economy, is available in stores or for free download atwww.khavariforgovernor.com, where details of his economic plan can be found
