After our story about Alex Sink's blind trust was posted today, the chief financial officer's office sent us a letter from two former members of the Florida Commission on Ethics - former chairman Tom Scarritt, a Tampa attorney, and former vice chairman Charlie Lydecker, an insurance executive from Ormond Beach. Both are contributors to Sink's gubernatorial campaign. Here's the letter:
In 2006, the Florida Commission on Ethics endorsed the principle that blind trusts are an effective means of assuring public officials are making decisions that are in the best interests of the state. As former members of the Commission, we continue to strongly support that position.
Under a blind trust, public officials give up the right to control how their investments are managed, and they are not entitled to information about the specific holdings in the trust. As a result of the use of blind trusts, Floridians can have greater assurance that their elected officials are making decisions that are in the public interest as opposed to their own personal financial interests.
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