Saturday, June 28, 2008

Langford says Birmingham Olympic bid no joke

This was the title of an article in The Birmingham News this past week. This comment is a perfect example of why Birmingham citizens' blood pressure has been on a steady increase since La La, aka Larry Langford, has taken office as the mayor of the Magic City. So, according to La La, we should not think for a second that the rumors of a bid for the 2020 Olympics by Birmingham is a joke. Why would this be a joke? $500K just to APPLY isn't anything when you are as rich as the city of Birmingham and Jefferson County...........oh yeah, they aren't rich at all. That may be why some people could think these rumors are a joke. Actually, they are so NOT rich that Jefferson County is on the verge of filing the largest municipal bankruptcy in US history.

The thing that makes this potential gigantic bankruptcy filing especially important to this discussion is the fact that La La served on the Jefferson County Commission from 2002-2007 and until 2006 he was the Commission President and Commissioner of Finance and General Services. As the Commissioner of Finance, La La orchestrated a series of complex bond swaps that were proposed as solutions to the County's ever-compounding debt......stay tuned for more on this saga. Sphere: Related Content

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