8/11/16
A harbinger for La Paz County?
Jefferson County, Alabama: Screwed By Wall Street, Still Paying
by Matt Taibbi
Rolling Stone
My view on all of this is that the citizens of Jefferson County were defrauded by two groups of bad actors: the banks offering these deadly swap deals, and the politicians they bought off to accept them. Because criminal fraud has already been proven in court -- a number of defendants, including several county commissioners from the time period in question, have already been sentenced to many years of jail time for bribery and other charges -- I'm at a loss to understand how any court can justify continuing to enforce these toxic deals post factum.
