6/22/2005
IRS vs state Dems
The Florida Democrats, an organization pretty hardened to bad news, wakes up to find its accounts frozen by the IRS. And there might be $900,000 "unaccounted for." (See Post version and Herald version.)
See conservative sites Sayfie and PEER review for links 'n' gloating.
Can Scott Maddox really stay in the race for more than a week or two after this?
See conservative sites Sayfie and PEER review for links 'n' gloating.
Can Scott Maddox really stay in the race for more than a week or two after this?
Comments:
Links to this post:
<< Home
sigh. The "unaccounted for" money is 100% accounted for. The payroll taxes, handled by a payroll company, are being paid off by the Florida Democratic Party. Scott Maddox worked with new party leadership in order to make sure that the party was as strong and solvent as when he'd left it to Ms. Thurman last month. If you move out of your apartment, and something breaks, do you go back and fix it for the new resident? Scott Maddox did something quite similar, and for that, I'm sure he will not only stay in the race, but his leadership qualities will win him the Democratic nomination and the governor's mansion in 2006.
This is just a blip for the Maddox campaign which has worked with the FDP to fix these errors as fast as possible and is now moving ahead with their campaign message - that Scott Maddox is the candidate to make Florida better. Smith and Davis are surely loving this, but only because they have to rely on lies and gossip to compete with Maddox, who is by far the best candidate.
yes, in comparison to your deep and insightful post.. those top two are definitely the ones lacking intelligence.
You've got to come up with something better than "Vote Smith".
The top two posts have truth on their side.. that's something you can't ignore.
You've got to come up with something better than "Vote Smith".
The top two posts have truth on their side.. that's something you can't ignore.
Nicole, cutting and pasting the same tired message on every blog is not intelligent.
Well, at least not as intelligent as losing 900,000 dollars and not paying taxes.
JEB is already eating this one up, saying he's sorry for rank and file democrats, saying if "they can't even run a small business, because that's what the Dem party is,"
Nicole, other Maddodopes, c'mon. If you can't pick someone else after this mess I pray you're in a touch screen district.
Well, at least not as intelligent as losing 900,000 dollars and not paying taxes.
JEB is already eating this one up, saying he's sorry for rank and file democrats, saying if "they can't even run a small business, because that's what the Dem party is,"
Nicole, other Maddodopes, c'mon. If you can't pick someone else after this mess I pray you're in a touch screen district.
There is no mess. How many times do you have to read my "tired message" before you realize that there was no lost money? I do not cut and paste.. though it probably would have saved me some time today. I'll remember that when I want to post something as meaningful as your last post.
I live in a paper ballot district, thank you, and I don't care what lies you choose to perpetuate, my bubble in fall 2006 will be next to Scott Maddox's name. My vote will go to someone with integrity, respect for Florida's youth, belief in the equality of all people, capability, sincerity, charisma, energy, and fortitude. How's my copy and pasting now?
I live in a paper ballot district, thank you, and I don't care what lies you choose to perpetuate, my bubble in fall 2006 will be next to Scott Maddox's name. My vote will go to someone with integrity, respect for Florida's youth, belief in the equality of all people, capability, sincerity, charisma, energy, and fortitude. How's my copy and pasting now?
Gov. Jeb Bush on called the Florida Democratic Party ''pathetic,''t thing I've ever heard.''
http://tinyurl.com/7zyh9
Well let me show you Pathetic:
S&L BAILOUT INVOLVED JEB BUSH
PARTNERSHIP FEDERAL GOVERNMENT PAID
$4 MILLION ON AN INVESTMENT LOAN ISSUED
BY FLORIDA THRIFT
By Sharon LaFraniere
Washington Post Staff Writer
Monday, October 15, 1990 ; Page A24
The federal government has paid out $4 million to make good on an insolvent Florida thrift's
loan, the proceeds of which went to a partnership involving President Bush's son Jeb and a
business partner, officials said yesterday.
The Federal Deposit Insurance Corp. (FDIC) collected $505,000 from a partnership
between Jeb Bush and Miami developer Armando Codina after an investor in one of their real
estate deals defaulted on a $4.5 million loan from Broward Federal Savings and Loan in
Sunrise, Fla.
But the government had to cover the remaining $4 million in debt along with numerous other
bad Broward Federal loans in order to sell the thrift to another financial institution after it
collapsed in December 1988, FDIC officials said. The total cost of paying off the loans is
estimated at $285 million. . . .
Jeb Bush's involvement in the Broward Federal bailout stems from back-to-back loans from the S&L to real estate investor J. Edward Houston and from Houston to the Codina-Bush partnership. Codina has the controlling interest in the partnership, according to Byrne.
On Feb. 1, 1985, Houston obtained a loan for $4.565 million from Broward Federal, securing it mainly with his personal guarantee. Byrne said the Houston loan was "illustrative of less than appropriate lending practices" at the thrift.
On the same day, a company headed by Houston lent the same amount to the Codina-Bush partnership to buy a five-story building in the middle of Miami's financial district, according to Byrne. It was unclear yesterday whether thrift executives knew the loan money was going to third parties or whether such a loan would violate federal banking regulations.
As collateral for the loan from Houston, the Codina-Bush partnership gave Houston a second mortgage on the building and pledged income from the property and a reserve fund.
The partnership was required to pay back the money to Houston, "only as, if and to the extent that the cash flow from the building was sufficient to support those payments," Byrne said. As of early this year, when it settled with the FDIC, the partnership had not been required to make any payments, he said. . . .
For the complete article, go to http://washingtonpost.com/wp-adv/archives/, select year 1990, and enter search keywords: Jeb Bush and savings and loan and failure
Select the article title above and enter payment to obtain the full article. Fees for archive services are typically about $3.00 per article.
Ron Mills
Democratic Victory Network
FAIR USE NOTICE:
This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in an effort to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.
http://tinyurl.com/7zyh9
Well let me show you Pathetic:
S&L BAILOUT INVOLVED JEB BUSH
PARTNERSHIP FEDERAL GOVERNMENT PAID
$4 MILLION ON AN INVESTMENT LOAN ISSUED
BY FLORIDA THRIFT
By Sharon LaFraniere
Washington Post Staff Writer
Monday, October 15, 1990 ; Page A24
The federal government has paid out $4 million to make good on an insolvent Florida thrift's
loan, the proceeds of which went to a partnership involving President Bush's son Jeb and a
business partner, officials said yesterday.
The Federal Deposit Insurance Corp. (FDIC) collected $505,000 from a partnership
between Jeb Bush and Miami developer Armando Codina after an investor in one of their real
estate deals defaulted on a $4.5 million loan from Broward Federal Savings and Loan in
Sunrise, Fla.
But the government had to cover the remaining $4 million in debt along with numerous other
bad Broward Federal loans in order to sell the thrift to another financial institution after it
collapsed in December 1988, FDIC officials said. The total cost of paying off the loans is
estimated at $285 million. . . .
Jeb Bush's involvement in the Broward Federal bailout stems from back-to-back loans from the S&L to real estate investor J. Edward Houston and from Houston to the Codina-Bush partnership. Codina has the controlling interest in the partnership, according to Byrne.
On Feb. 1, 1985, Houston obtained a loan for $4.565 million from Broward Federal, securing it mainly with his personal guarantee. Byrne said the Houston loan was "illustrative of less than appropriate lending practices" at the thrift.
On the same day, a company headed by Houston lent the same amount to the Codina-Bush partnership to buy a five-story building in the middle of Miami's financial district, according to Byrne. It was unclear yesterday whether thrift executives knew the loan money was going to third parties or whether such a loan would violate federal banking regulations.
As collateral for the loan from Houston, the Codina-Bush partnership gave Houston a second mortgage on the building and pledged income from the property and a reserve fund.
The partnership was required to pay back the money to Houston, "only as, if and to the extent that the cash flow from the building was sufficient to support those payments," Byrne said. As of early this year, when it settled with the FDIC, the partnership had not been required to make any payments, he said. . . .
For the complete article, go to http://washingtonpost.com/wp-adv/archives/, select year 1990, and enter search keywords: Jeb Bush and savings and loan and failure
Select the article title above and enter payment to obtain the full article. Fees for archive services are typically about $3.00 per article.
Ron Mills
Democratic Victory Network
FAIR USE NOTICE:
This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in an effort to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.
Feel free to forward to anyone…
Thank you to everyone who expressed their well wishes over the past few days. It means a lot to know that many of you remain committed to electing Scott as the next governor of this state.
I am writing to you today to provide answers to many of the questions you may have regarding the financial situation at the FDP and Scott Maddox’s leadership as Chairman.
Initial Reports About Party Finances Were Erroneous; All FDP Funds Are 100% Accounted For
Initial news reports of a "missing" $900,000 were utterly incorrect, based on an error by a Party stiffer tasked with completing the myriad of state and federal campaign finance reports required in a fast-paced presidential election year.
Bottom line: Over the past 48 hours, a more careful review of Florida Democratic Party records has confirmed that all FDP funds for 2003-2004 are 100% present and accounted for. The FDP's 2004 campaign finance reports are now being corrected to properly reflect that every dime of Party money during Scott’s tenure as FDP Chairman is fully accounted for. This situation is not unique to Florida: Democratic Party organizations in several battleground states experienced similar reporting challenges in 2004, largely due to complexities arising from the brand new McCain-Feingold campaign finance law.
Resolution Of Party FICA Tax Issue Already In Place; Scott Stands Up And Takes Responsibility For Staffer's Error
Scott is making good on his immediate and solemn promise to help correct 2003's unpaid FICA tax error. He has been working with the new FDP leadership and officials at the Democratic National Committee to secure a DNC loan, allowing the Party to pay its outstanding obligations. I think that this situation is truly reflective of Scott’s personal character and leadership style: his insistence on accepting full responsibility for the actions of his staff is uncommon in a day and age when too many politicians attempt to shirk responsibility and shift blame during challenging times. Like everyone else, Scott only learned of the bookkeeping error -- which led to the accidental non-payment of some 2003 FDP FICA taxes -- two days ago. Unlike the President or our Governor, Scott immediately accepted full responsibility for the actions of his staff and found a solution to the problem. In my opinion, there is nothing more gubernatorial than the ability to respond to a public crisis quickly and calmly, like Scott has done over these past few days.
Scott’s Leadership Is Rooted In His Unequivocal Courage And Bravery.
Throughout his career Scott has fearlessly fought for what is right in America and to protect those that have been harmed. Unlike many politicians today, he leads by example—rather than through empty promises and rhetoric. When the time came for someone to step-up and lead the Florida Democratic Party in 2002, Scott accepted the challenge. There were many people that said he should not do it because there was such a huge downside. Many of you have faced the same decision. You were forced to either to step in to find solutions and begin to rebuild our party or remain on the sidelines and continue to talk about our problems from a distance. By the simple fact that you are a DEC officer you have agreed to step up and take responsibility for others. You have accepted the challenge just like Scott did three years ago. And with this responsibility comes the understanding that things may go wrong, that there may be problems that occur outside of your control that you will have to fix. But you understand, just like Scott does, that it is more important to fight for the Democratic Party than to worry about the risks involved or the personal sacrifices you will have to make. It took a tremendous amount of courage to accept a job with no guarantee of success. And it takes a brave man to stand up and take responsibility to rebuild our Party.
It is a fact that the FDP is better off today than it was before Maddox took over.
We can concentrate on the ‘should of, would of, could of’ mentalities, but that would be denying the truth. Very few people can disagree with the facts that the FDP: acquired more technology, increased staff professionalism and response, spent over $80,000 in the small counties, provided training around the state, developed new effective communication procedures, helped campaigns in areas that they had never been done before, worked to help elect 4 out of 5 Mayors in the states largest cities, and more.
Many of us have been involved in the Party for years, and we understand that there will always be more work we can do—and we will continue to work at it. Scott is committed, above all else, to working to rebuild the Democratic Party here in Florida and across the Nation. He has made numerous personal sacrifices towards this end and will continue to do so throughout his political career.
Maddox for Governor Campaign Racing Forward On All Cylinders.
This campaign is the campaign of those that choose to work and build the Democratic Party back into what it use to be: the party of FDR, JFK and Clinton. The Party that works for an equal starting point for all Americans, the Party that works to protect our environment and chooses people over power. The campaign is full-steam ahead as we build on Scott’s electrifying appearance at the annual Jefferson-Jackson Day Gala two weeks ago. Scott has already been endorsed for Governor by Republican and Democratic Mayors, local elected officials, and Democratic Party leaders across the state. Thousands of Floridians are joining Scott’s campaign to bring fresh new leadership to the Governor's office, and finally put everyday Floridians first again...every single day.
I hope that this email has answered your questions: no money missing, FICA situation being worked out. It is time now for those out there spreading false accusations to stop. As we all know there are a few individuals that have been flaming these rumors in an attempt to further there position in the Party structure. Many of you have expressed anger over this, and I am sure that these individuals will be forced to deal with the repercussions that they have created. Anyone with a personal agenda who continues to fuel this fire is spreading falsehoods that damage and disparage a Democratic Party that the rest of us believe in so deeply. I am outraged and ashamed of anyone who tears down our Party simply to build up their personal profile or promote their selfish political ambitions.
I hope that those of you looking to place blame on Scott will see through this smoke screen and see that the FDP is continuing to move forward.
Democrats are getting elected in places where they said it couldn’t be done. We still out number the Republicans here in Florida, and we still have a tremendous grass roots organization that is unifying to elect a Democratic Governor and Cabinet, and to re-elect Senator Nelson. I think we all can agree, now is not the time to form circular firing squads. We have to continue to search out the problems in our party, find solutions and move on to the next situation. There are too many people in our state without healthcare, and too many students not graduating from High School for us to fold from within. We have to join together to elect Democrats that will work to find answers to these problems and the many more that we face here in Florida together.
If there are any further concerns or questions please feel free to contact me at 850-224-2006.
Thank you for your continued work and support of the Florida Democratic Party.
Respectfully,
Christopher Petley
Maddox for Florida. For Governor.
www.ScottMaddox.com
850.224.2006
850.224.1277 fax
Thank you to everyone who expressed their well wishes over the past few days. It means a lot to know that many of you remain committed to electing Scott as the next governor of this state.
I am writing to you today to provide answers to many of the questions you may have regarding the financial situation at the FDP and Scott Maddox’s leadership as Chairman.
Initial Reports About Party Finances Were Erroneous; All FDP Funds Are 100% Accounted For
Initial news reports of a "missing" $900,000 were utterly incorrect, based on an error by a Party stiffer tasked with completing the myriad of state and federal campaign finance reports required in a fast-paced presidential election year.
Bottom line: Over the past 48 hours, a more careful review of Florida Democratic Party records has confirmed that all FDP funds for 2003-2004 are 100% present and accounted for. The FDP's 2004 campaign finance reports are now being corrected to properly reflect that every dime of Party money during Scott’s tenure as FDP Chairman is fully accounted for. This situation is not unique to Florida: Democratic Party organizations in several battleground states experienced similar reporting challenges in 2004, largely due to complexities arising from the brand new McCain-Feingold campaign finance law.
Resolution Of Party FICA Tax Issue Already In Place; Scott Stands Up And Takes Responsibility For Staffer's Error
Scott is making good on his immediate and solemn promise to help correct 2003's unpaid FICA tax error. He has been working with the new FDP leadership and officials at the Democratic National Committee to secure a DNC loan, allowing the Party to pay its outstanding obligations. I think that this situation is truly reflective of Scott’s personal character and leadership style: his insistence on accepting full responsibility for the actions of his staff is uncommon in a day and age when too many politicians attempt to shirk responsibility and shift blame during challenging times. Like everyone else, Scott only learned of the bookkeeping error -- which led to the accidental non-payment of some 2003 FDP FICA taxes -- two days ago. Unlike the President or our Governor, Scott immediately accepted full responsibility for the actions of his staff and found a solution to the problem. In my opinion, there is nothing more gubernatorial than the ability to respond to a public crisis quickly and calmly, like Scott has done over these past few days.
Scott’s Leadership Is Rooted In His Unequivocal Courage And Bravery.
Throughout his career Scott has fearlessly fought for what is right in America and to protect those that have been harmed. Unlike many politicians today, he leads by example—rather than through empty promises and rhetoric. When the time came for someone to step-up and lead the Florida Democratic Party in 2002, Scott accepted the challenge. There were many people that said he should not do it because there was such a huge downside. Many of you have faced the same decision. You were forced to either to step in to find solutions and begin to rebuild our party or remain on the sidelines and continue to talk about our problems from a distance. By the simple fact that you are a DEC officer you have agreed to step up and take responsibility for others. You have accepted the challenge just like Scott did three years ago. And with this responsibility comes the understanding that things may go wrong, that there may be problems that occur outside of your control that you will have to fix. But you understand, just like Scott does, that it is more important to fight for the Democratic Party than to worry about the risks involved or the personal sacrifices you will have to make. It took a tremendous amount of courage to accept a job with no guarantee of success. And it takes a brave man to stand up and take responsibility to rebuild our Party.
It is a fact that the FDP is better off today than it was before Maddox took over.
We can concentrate on the ‘should of, would of, could of’ mentalities, but that would be denying the truth. Very few people can disagree with the facts that the FDP: acquired more technology, increased staff professionalism and response, spent over $80,000 in the small counties, provided training around the state, developed new effective communication procedures, helped campaigns in areas that they had never been done before, worked to help elect 4 out of 5 Mayors in the states largest cities, and more.
Many of us have been involved in the Party for years, and we understand that there will always be more work we can do—and we will continue to work at it. Scott is committed, above all else, to working to rebuild the Democratic Party here in Florida and across the Nation. He has made numerous personal sacrifices towards this end and will continue to do so throughout his political career.
Maddox for Governor Campaign Racing Forward On All Cylinders.
This campaign is the campaign of those that choose to work and build the Democratic Party back into what it use to be: the party of FDR, JFK and Clinton. The Party that works for an equal starting point for all Americans, the Party that works to protect our environment and chooses people over power. The campaign is full-steam ahead as we build on Scott’s electrifying appearance at the annual Jefferson-Jackson Day Gala two weeks ago. Scott has already been endorsed for Governor by Republican and Democratic Mayors, local elected officials, and Democratic Party leaders across the state. Thousands of Floridians are joining Scott’s campaign to bring fresh new leadership to the Governor's office, and finally put everyday Floridians first again...every single day.
I hope that this email has answered your questions: no money missing, FICA situation being worked out. It is time now for those out there spreading false accusations to stop. As we all know there are a few individuals that have been flaming these rumors in an attempt to further there position in the Party structure. Many of you have expressed anger over this, and I am sure that these individuals will be forced to deal with the repercussions that they have created. Anyone with a personal agenda who continues to fuel this fire is spreading falsehoods that damage and disparage a Democratic Party that the rest of us believe in so deeply. I am outraged and ashamed of anyone who tears down our Party simply to build up their personal profile or promote their selfish political ambitions.
I hope that those of you looking to place blame on Scott will see through this smoke screen and see that the FDP is continuing to move forward.
Democrats are getting elected in places where they said it couldn’t be done. We still out number the Republicans here in Florida, and we still have a tremendous grass roots organization that is unifying to elect a Democratic Governor and Cabinet, and to re-elect Senator Nelson. I think we all can agree, now is not the time to form circular firing squads. We have to continue to search out the problems in our party, find solutions and move on to the next situation. There are too many people in our state without healthcare, and too many students not graduating from High School for us to fold from within. We have to join together to elect Democrats that will work to find answers to these problems and the many more that we face here in Florida together.
If there are any further concerns or questions please feel free to contact me at 850-224-2006.
Thank you for your continued work and support of the Florida Democratic Party.
Respectfully,
Christopher Petley
Maddox for Florida. For Governor.
www.ScottMaddox.com
850.224.2006
850.224.1277 fax
I've thought about Nicole and Ron's comments.
y'all are right.
Maddox is awesome.
Mi Malo.
Maddox VIVA la Florida!
y'all are right.
Maddox is awesome.
Mi Malo.
Maddox VIVA la Florida!
It's nice to see maddox fans pointing to Bush's S&L problems. Just so everyone knows, Bush can't run again.
Maybe someone should've slipped McBride that article.
In the meantime...Maybe y'all should have focused on Crist, Gallagher.
Maybe someone should've slipped McBride that article.
In the meantime...Maybe y'all should have focused on Crist, Gallagher.
The recent comments about the Florida Democratic Party by Jeb Bush are astonishingly hypocritical. This is coming from a man who insists on meddling in the private affairs of the Schiavo family for political gain, when a vast majority of Floridians disagree with his actions. The fact the he is playing partisan politics with Terri’s life is what’s truly pathetic.
When is comes to payment of FICA taxes, Bush claimed that the Democratic Party “should be able to stay on top of stuff like that.” But why was he not on top of massive corruption in the Department of Children and Families, the disappearance of Arelia Wilson, the ballooning cost of the Scripps Institute, or insurance companies charging two deductibles for hurricane victims in 2004? His list of failures is pitiful for any Governor.
In true ironic fashion, Bush stated that the struggles of the Democratic Party are unhealthy for the two party system—just after he signed several bills into law that would eliminate runoff primaries, limit early voting, and centralize election decision making with the Secretary of State, who is appointed, rather than with elected Supervisors of Elections. Next time, Bush should take a look in the mirror before he makes such bold statements.
When is comes to payment of FICA taxes, Bush claimed that the Democratic Party “should be able to stay on top of stuff like that.” But why was he not on top of massive corruption in the Department of Children and Families, the disappearance of Arelia Wilson, the ballooning cost of the Scripps Institute, or insurance companies charging two deductibles for hurricane victims in 2004? His list of failures is pitiful for any Governor.
In true ironic fashion, Bush stated that the struggles of the Democratic Party are unhealthy for the two party system—just after he signed several bills into law that would eliminate runoff primaries, limit early voting, and centralize election decision making with the Secretary of State, who is appointed, rather than with elected Supervisors of Elections. Next time, Bush should take a look in the mirror before he makes such bold statements.
The whole thing scares me still because it's yet another example of thousands how easily the media runs to the sensational story, even before the facts are in.
People deserve facts, like the follow up posts here provided.
Post a Comment
People deserve facts, like the follow up posts here provided.
Links to this post:
<< Home






