4 ms·
But the bill soared to $3.1bn after construction problems and a series of bond and derivatives deals that went sour in the financial meltdown of 2008. Investme
by donaldc 15y ago
But the bill soared to $3.1bn after construction problems and a series of bond and derivatives deals that went sour in the financial meltdown of 2008.
Investment bank JP Morgan Securities and two of its former directors have been fined for offering bribes to Jefferson County workers and politicians to win business financing the sewer upgrade.
Fined? That level of punishment seems insufficient.
- scarmig 15y agoOne thing that you can almost admire about China: the bribers would as likely as not have been executed for this. (Assuming they weren't well-connected to the upper ranks of the Party elite...)
- bmunro 15y agoI don't really think that that is something to admire.
- waterlesscloud 15y agoPeople have gone to prison over this scandal http://blog.al.com/spotnews/2010/09/five_men_convicted_in_jefferso.html http://blog.al.com/spotnews/2010/09/five_men_convicted_in_je...
- waterlesscloud 15y agoIncluding commissioner Chris McNair, whose daughter was one of the four little girls killed in that KKK church bombing.