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Alabama Town Goes Broke

Title:

Alabama Town Goes Broke

Published: Wed, 4 Nov 2009

Description: Cody sounds off on the woes of Prichard, Ala.

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Automatically Generated Transcript (may not be 100% accurate)

" Guys actually I was think about what I wasn't. What did about this the excitement of going to the World Series versus the dread of being with all -- yeah. People in the parents' home please take these big. And people around -- a an -- today sort of combined that's all for both together the same point if we can't graphics guys listen Pritchard Alabama. Filed for bankruptcy today the mayor wrote this letter it's -- go online in Google and look at what he says he's basically talked about the the pensions. The obligation to pass the fun former head former employees of the city when the pensions. He's not there will be afforded off the budget he just can't Sunnis literally because all the lawsuits from pension Ayers has had to file bankruptcy. Connected to someone not directly but number two JPMorgan today guys settled with the SEC and Jefferson County Alabama which -- All of Pritchard put nonetheless guys it's still the same statement the key guys JPMorgan will get Jefferson County Alabama. Fifty million dollars but they -- 2.5 million dollar penalty and yes. Canceled 647. Million. Dollars in -- the SEC alleged that JP. Once again that a bunch of other people had been paying. Executives and all kinds of pictures down in Alabama in order to get that business and that company. JPMorgan promised assets in the stuff that wasn't real. -- JPMorgan getting off the hook easy with the stuff you do realize those people were -- the bailout JPMorgan. Not cool at all I think guys. Also related Andrew Cuomo's going to save the world from Intel -- goes after Intel today until the government powering the -- do you think that's the problem. Our job this company is obviously doing things it's against the law. Yeah to prosecute them and don't settle with the next time."

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