Recently, a new singularity formation scenario for the 3D axi-symmetric Euler equation and the 2D inviscid Boussinesq system has been proposed by Hou and Luo based on extensive numerical simulations [15,16]. As the first step to understand the scenario, models with simplified sign-definite Biot-Savart law and forcing have recently been studied in [7,6,8,12,14,18]. In this paper, we aim to bring back one of the complications encountered in the original equation -the sign changing kernel in the Biot-Savart law. This makes analysis harder, as there are two competing terms in the fluid velocity integral whose balance determines the regularity properties of the solution. The equation we study here is based on the CKY model introduced in [6]. We prove that finite time blow up persists in a certain range of parameters.