Posted by: Cobb County Liberal | May 11, 2009

GaGo10 – Oxendine’s a Crook. Shocker.

Well, it’s unproven in a court of law if he’s a crook.  But it certainly seems like the truth after this from the AJC. [Kudos to the AJC again – they had some good ones today.]

Two Georgia insurance companies with the same boss funneled $120,000 — nearly 10 times the legal limit — to Insurance Commissioner John Oxendine’s campaign for governor, records in Georgia and Alabama show.

The documents show Oxendine, who wields regulatory power over all insurance companies in Georgia, received the money through 10 Alabama-based political action committees set up by Donald V. Watkins, a director of Admiral Life Insurance Co. of America and State Mutual Insurance. Both companies are headed by prominent businessman Delos “Dee” Yancey III and are run out of the same building in Rome.Georgia’s Ethics-in-Government Act prohibits officials from taking money directly from companies they regulate. The law also prohibits funneling money through multiple PACs to get around contribution limits of $12,200 per candidate in an election cycle.

Oxendine tries to defend himself, saying that the PACs are not made by insurance companies, but by golly if they are he’s “concerned.”

Now who else wants to go back through his latest election’s campaign finances and find all the sleazy guys from insurance companies who donated?  We can add now State Insurance Commissioner to the PSC under the “but…aren’t they supposed to help US?  oh..yah…this is Georgia…” file.  Sorry, but if you take money from people you are supposed to regulate, you ain’t gonna regulate ’em that hard.

The image of all these insurance business men with slicked back hair in suits, swiping their credit cards down Oxendine’s asscrack, just popped into my head.


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