Comments on: Up Sh*t Creek http://www.queervoice.net/kmcmullen/2008/02/29/up-sht-creek/ Suburban Mom-Employed-Outside-the-Home Gone Bad Mon, 15 Mar 2010 04:57:27 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: Curtis http://www.queervoice.net/kmcmullen/2008/02/29/up-sht-creek/comment-page-1/#comment-209690 Curtis Wed, 05 Mar 2008 17:57:48 +0000 http://www.queervoice.net/kmcmullen/2008/02/29/up-sht-creek/#comment-209690 It's as if LaLa is only smart enough to make sure he gets what he considers a satisfactory cut from all his schemes and allows people to use him and his influence to enrich themselves at taxpayer/bondholder expense. LaLa's potential take is only limited by his hallucinations that lead to his Big Rock Candy Mountain like proposals for Birmingham/JeffCo. http://www.bluegrasslyrics.com/all_song.cfm-recordID=s29253.htm His entire political career, beginning in Fairfield, appears to have been conducted this way and it just helps feed his seemingly insatiable personal spending habits. It’s as if LaLa is only smart enough to make sure he gets what he considers a satisfactory cut from all his schemes and allows people to use him and his influence to enrich themselves at taxpayer/bondholder expense. LaLa’s potential take is only limited by his hallucinations that lead to his Big Rock Candy Mountain like proposals for Birmingham/JeffCo.
http://www.bluegrasslyrics.com/all_song.cfm-recordID=s29253.htm

His entire political career, beginning in Fairfield, appears to have been conducted this way and it just helps feed his seemingly insatiable personal spending habits.

]]> By: Jim http://www.queervoice.net/kmcmullen/2008/02/29/up-sht-creek/comment-page-1/#comment-209499 Jim Wed, 05 Mar 2008 00:02:08 +0000 http://www.queervoice.net/kmcmullen/2008/02/29/up-sht-creek/#comment-209499 Kathy: Based on what I have read from Kyle's summary of the Langford deposition, it looks like Charles LeCroy, Bill Blount, Al LaP; and Larry had a too close for comfort relationship. LeCroy was employed, as I understand it, by JP Morgan. JP Morgan served as Jeffco's banker and made massive dollars from the sewer swaps, etc. LeCroy pled guilty in 2005 to a kick-back scheme involving muni bonds, so that is another big red flag. Because the statue of limitations is ticking, Jeffco would be wise to get some good lawyers and investigators working on possible claims agaisnt the above mentioned folks. I suspect Jeffco and David Barber can have its pick of any number of good lawyers more than willing to investigate the transactions at no cost. Kathy:
Based on what I have read from Kyle’s summary of the Langford deposition, it looks like Charles LeCroy, Bill Blount, Al LaP; and Larry had a too close for comfort relationship. LeCroy was employed, as I understand it, by JP Morgan. JP Morgan served as Jeffco’s banker and made massive dollars from the sewer swaps, etc. LeCroy pled guilty in 2005 to a kick-back scheme involving muni bonds, so that is another big red flag. Because the statue of limitations is ticking, Jeffco would be wise to get some good lawyers and investigators working on possible claims agaisnt the above mentioned folks. I suspect Jeffco and David Barber can have its pick of any number of good lawyers more than willing to investigate the transactions at no cost.

]]> By: Kathy http://www.queervoice.net/kmcmullen/2008/02/29/up-sht-creek/comment-page-1/#comment-209498 Kathy Tue, 04 Mar 2008 23:49:08 +0000 http://www.queervoice.net/kmcmullen/2008/02/29/up-sht-creek/#comment-209498 Yeah, and the <a href="http://www.dailydiatribes.com/?p=530" rel="nofollow">mating crepe myrtle and side mirror</a> in your neighbor's yard. ;) Yeah, and the mating crepe myrtle and side mirror in your neighbor’s yard. ;)

]]> By: Jennifer http://www.queervoice.net/kmcmullen/2008/02/29/up-sht-creek/comment-page-1/#comment-209357 Jennifer Tue, 04 Mar 2008 17:50:48 +0000 http://www.queervoice.net/kmcmullen/2008/02/29/up-sht-creek/#comment-209357 Well, but if it's any consolation, we have that squirrel problem in Shelby! Well, but if it’s any consolation, we have that squirrel problem in Shelby!

]]> By: Kathy http://www.queervoice.net/kmcmullen/2008/02/29/up-sht-creek/comment-page-1/#comment-209103 Kathy Mon, 03 Mar 2008 19:16:39 +0000 http://www.queervoice.net/kmcmullen/2008/02/29/up-sht-creek/#comment-209103 Now, Jennifer, don't rub it in! :) Now, Jennifer, don’t rub it in! :)

]]> By: Jennifer http://www.queervoice.net/kmcmullen/2008/02/29/up-sht-creek/comment-page-1/#comment-209006 Jennifer Mon, 03 Mar 2008 15:06:35 +0000 http://www.queervoice.net/kmcmullen/2008/02/29/up-sht-creek/#comment-209006 Thank God I live in Shelby county!! Thank God I live in Shelby county!!

]]> By: Kathy http://www.queervoice.net/kmcmullen/2008/02/29/up-sht-creek/comment-page-1/#comment-209003 Kathy Mon, 03 Mar 2008 14:45:13 +0000 http://www.queervoice.net/kmcmullen/2008/02/29/up-sht-creek/#comment-209003 Lisa, I guess we can hope this will slow Larry down just a bit - and he has only himself to blame, given the financial troubles that seem to follow him everywhere he goes. Jim, I haven't heard anything about civil action. Do you think people are waiting to see what the SEC does? And is there any money left to be recovered? Bridgette, good point! Lisa, I guess we can hope this will slow Larry down just a bit – and he has only himself to blame, given the financial troubles that seem to follow him everywhere he goes.

Jim, I haven’t heard anything about civil action. Do you think people are waiting to see what the SEC does? And is there any money left to be recovered?

Bridgette, good point!

]]> By: Bridgette http://www.queervoice.net/kmcmullen/2008/02/29/up-sht-creek/comment-page-1/#comment-208451 Bridgette Sat, 01 Mar 2008 21:24:42 +0000 http://www.queervoice.net/kmcmullen/2008/02/29/up-sht-creek/#comment-208451 If the county files for bankruptcy, it will no longer matter whether we have a county manager. In that event, a federal bankruptcy judge will be calling all the shots. If the county files for bankruptcy, it will no longer matter whether we have a county manager. In that event, a federal bankruptcy judge will be calling all the shots.

]]> By: Jim http://www.queervoice.net/kmcmullen/2008/02/29/up-sht-creek/comment-page-1/#comment-208380 Jim Sat, 01 Mar 2008 13:57:10 +0000 http://www.queervoice.net/kmcmullen/2008/02/29/up-sht-creek/#comment-208380 Folks: I want to know when the Commission will go after the folks that got the sewer system in such a mess. The bond swaps might not have been the result of improper actions, but there are enough red flags to warrant a civil investigation into whether LeCroy, J.P. Morgan, Langford, et. al. got their hands dirty. While Langford places much blame on Steve Sayers in his deposition to the SEC, I wonder about LeCroy and company. BTW, only the District Attorney and Commission have solid standing to bring a civil lawsuit to recover any money damages resulting from improper actions. Barber and the Commission would be wise to get the wheels of Justice moving - We can't expect the SEC to solve our problems. As for the fear of bankruptcy, the sewer bonds are not general obligations of the County. Bankruptcy, therefore, should not impact the general operations of the County. 'Course, our sewer rates will likely sky rocket if bankruptcy is filed and a receiver is appointed to ensure the sewer system generates enough profit to pay its bond debt. Folks:
I want to know when the Commission will go after the folks that got the sewer system in such a mess. The bond swaps might not have been the result of improper actions, but there are enough red flags to warrant a civil investigation into whether LeCroy, J.P. Morgan, Langford, et. al. got their hands dirty. While Langford places much blame on Steve Sayers in his deposition to the SEC, I wonder about LeCroy and company. BTW, only the District Attorney and Commission have solid standing to bring a civil lawsuit to recover any money damages resulting from improper actions. Barber and the Commission would be wise to get the wheels of Justice moving – We can’t expect the SEC to solve our problems.
As for the fear of bankruptcy, the sewer bonds are not general obligations of the County. Bankruptcy, therefore, should not impact the general operations of the County. ‘Course, our sewer rates will likely sky rocket if bankruptcy is filed and a receiver is appointed to ensure the sewer system generates enough profit to pay its bond debt.

]]> By: Lisa in Hoover http://www.queervoice.net/kmcmullen/2008/02/29/up-sht-creek/comment-page-1/#comment-208184 Lisa in Hoover Fri, 29 Feb 2008 23:18:53 +0000 http://www.queervoice.net/kmcmullen/2008/02/29/up-sht-creek/#comment-208184 Remember back to the Supersewer? Can you imagine what the debt would be if we had not stopped that thing? It should also be noted that Mayor LaLa wants to issue bonds to pay for all his castles in the sky; the market may not be there. I have to agree with KW above - these complicated bond swaps might have been presented to the commission, but it was staff like Steve Sayler who actually sold them on the concept. An awful lot of our elected officials are pretty easy to fool. Remember back to the Supersewer? Can you imagine what the debt would be if we had not stopped that thing? It should also be noted that Mayor LaLa wants to issue bonds to pay for all his castles in the sky; the market may not be there.

I have to agree with KW above – these complicated bond swaps might have been presented to the commission, but it was staff like Steve Sayler who actually sold them on the concept. An awful lot of our elected officials are pretty easy to fool.

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