Resolved Question: Democrats accuse Republicans of theft & mismanagement, how do they respond when one of their own is guilty?

1 December 2008, 10:30 am

Not just guilty but guilty in a staggering and monumnetal fashion. BIRMINGHAM, Ala. – The mayor of Alabama's largest city, a player in a multibillion dollar sewer bond deal that drove the surrounding county to the brink of bankruptcy, was arrested on Monday on federal criminal charges, an FBI spokesman said. Larry Langford was taken into custody around 7 a.m. Monday, spokesman Paul Daymond said. It wasn't immediately clear what charges Langford faces. The county is trying to avoid filing what would be the largest municipal bankruptcy in U.S. history over $3.2 billion in bond debt, nearly double the record of $1.7 billion set in 1994 by Orange County, Calif. The SEC accused Langford of taking the undisclosed payments and benefits from Montgomery investment banker Bill Blount, whose firm collected more than $6.7 million in fees on county bond transactions. The money was allegedly routed through Al LaPierre, a lobbyist who is a friend of Langford. http://news.yahoo.com/s/ap/20081201/ap_on_re_us/birmingham_mayor... Read More »

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