CFO Alex Sink lambasted the state's top financial regulator at the Cabinet meeting Tuesday for not aggressively pursing litigation against Bank of America -- her former employer -- for its deal with Merrill Lynch.
"I'm not really impressed with the comments you made," Sink started. "The last commissioner lost his job because he hid behind not having the powers or not having the resources. ... My main frustration ... is the sense of do nothingness and inaction in the face of all sorts of scams in our state."
The public scolding of Thomas Cardwell, the commissioner of the Office of Financial regulation, stood out for two reasons: 1. It deviated from the normally cordial decorum at Cabinet meeting and 2. Cardwell was Sink's pick for the job.
Also because Cardwell fought back. "This is not an excuse," he said, preceding it with the standard "with all due respect."