Wednesday, April 16, 2008

Buddy's Banker-Sunshine State Savings and Loan- Gives Him Much Moola

"Floyd's the most honest person you could deal with,'' she said. "But you've caught me off guard with this.''
--Marion Smith, director at Sunshine State Savings and Loan in Plant City,FL.
Hillsborough Elections Supervisor, Buddy Johnson [R], got all the money he needed — and more.The president at Sunshine State is J. Floyd Hall — who also happens to be Johnson's re-election campaign treasurer. After a second mortgage from the sellers of the Thonotosassa land, Johnson needed $280,000 to finance the full purchase price. Instead, he got $400,000, or $120,000 more than 100 percent financing.

The St. Petersburg Times submitted written questions to Johnson, including why he received a loan of that size, what happened to the extra $120,000 and whether Hall's positions as Sunshine State president and campaign treasurer created a conflict of interest...
Hall had agreed to be interviewed but canceled after the Times published a story about Johnson being delinquent on his property taxes, including the Thonotosassa property. He did not respond to written questions.

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