The Curious Capitalist, Justin Fox, Economy, Markets, Business, TIME

Everybody in Alabama will eventually go to jail

So they let my old friend Don Siegelman out last month. But now the Bond Buyer reports (thanks to Mrs. CC for the tip; link only works if you have a subscription, and it's highly unlikely that you do) that:

The Securities and Exchange Commission today filed securities fraud charges against Birmingham Mayor Larry Langford, Alabama bond dealer William Blount, and lobbyist Albert LaPierre in connection with undisclosed payments to Langford linked to Jefferson County, Ala., municipal bond and swap deals.

I don't think this one's Karl Rove's doing, though. And apropos of my earlier post about metro daily papers and the Internet, the Bond Buyer posted the story at 1:58 p.m. As of 2:34 p.m., my beloved former employer The Birmingham News did not yet have the news up on its site homepage.

Update: 2:51 p.m., and still nothing at The News.

Update: Now I found it! Pulitzer-Prize-winner Brett Blackledge posted the news at 12:24 on the News' Breaking News blog. But the numbnuts who run the website make no mention of it either on the News' homepage or on the al.com web page. So the point still stands; it just wasn't the reporter's fault.

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Reader Comments (5)

Justin Fox:

Aha. So Jay Reeves at the AP was all over it, well before the Bond Buyer. Way to go, Jay. But I cannot for the life of me find the story on the News or its umbrella site al.com, even though it's affiliated (they're both Newhouse enteprises) with gulflive.com.

Justin Fox:

Oh, so the News did have it first (see update above). They just chose not to publicize it.

Joe Bar:

Justin,

It's a shame you are not here in Birmingham to cover this story. You would be having a ball.

Justin Fox:

Hmmm, I guess I could come down and write a column ...

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Justin Fox is TIME's business and economics columnist. This is his blog.  About the Authors


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