The U.S. Securities and Exchange Commission on Wednesday said it has charged the mayor of Birmingham, Alabama, and two of his friends in connection with an undisclosed payment scheme in municipal bond deals.
The SEC said the chairman of Alabama investment bank Blount Parrish & Co made more than $156,000 in undisclosed payments to Mayor Larry Langford related to municipal bond offerings and swap agreements Langford directed on behalf of Jefferson County, Alabama.
It seems to be a general rule: the more outwardly pious you are in public, the more likely you are to be privately unscrupulous and dishonest.
Let us do the Christian thing, though, and give Langford all the help he deserves: pray. Pray real hard.