4Vote!
Bloomberg (Free subscription) | 11/05/2009
JPMorgan Ends SEC Alabama Swap Probe for $722 Million (Update4) | | | By Martin Z. Braun and William SelwayNov. 4 (Bloomberg) -- agreed to a $722 million settlement with the U.S. Securities and Exchange Commission to end a probe into sales of derivatives that helped push Alabama’s most populous county to the brink of bankruptcy. JPMorgan will give Jefferson County, Alabama, $50 million, pay...
7Vote!
FP Passport (Free subscription) | 11/03/2009
The National Congress of American Indians is opening a new embassy for tribal nations in Washington D.C. today: For the first time since settlement, tribal nations will have a permanent home in Washington, D.C. where they can more effectively assert their sovereign status and facilitate a much stronger nation-to-nation relationship with the federal government," said NCAI President Jefferson...
4Vote!
montgomeryadvertiser.com (Free subscription) | 11/04/2009
... from office for taking thousands of dollars, luxury clothes and jewelry while in his past job, as president of the Jefferson County Commission.The county has its own problems with some roots in Langford's tenure: Commissioners are trying to avoid filing what would be the largest municipal bankruptcy ever over $3.9 billion in sewer debt.Unlike the county, the city is financially sound...
3Vote!
Globe and Mail (Free subscription) | 11/04/2009
The SEC previously charged Birmingham, Ala., mayor Larry Langford and two others for undisclosed payments to Mr. Langford related to municipal bond offerings and swap agreement transactions made while he was president of the Jefferson County Commission. On Oct. 28, Mr. Langford was found guilty in the related criminal case on 60 counts of bribery, mail fraud, wire fraud and tax evasion....
