Tuesday, August 02, 2011

Taxpayers fund, get smacked by FL AG Bondi's 'revolving door'



Earlier this year, the Florida Attorney General's Office was in the midst of a pull-no-punches investigation into foreclosure fraud.

Investigators were exposing rampant abuses. They'd netted a $2 million settlement from one company. And they were gunning for more.

But then in May, two things happened:

First, the "special counsel" to Attorney General Pam Bondi left to take a high-level job with one of the very companies the office was investigating.

One week later, the investigators were forced out of their jobs, told late on a Friday afternoon that they had 90 minutes to decide whether to resign or be fired.

No longer could Assistant AGs Theresa Edwards and June Clarkson investigate Lending Processing Services — the company at which Bondi's former special counsel, Joe Jacquot, was now a senior vice president.

Bondi says the two things were unrelated.

One thing about Jacquot's departure is sure: It wasn't unusual.

It is, in fact, way too common for high-ranking officials in Florida to suddenly leave their public jobs to work for the very companies their offices regulate.

Taxpayers hire and train these workers — and then watch them switch sides

It's called "the revolving door." And in Florida, it swings easily and often, upon well-greased hinges.

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