National & International

Metro & State

John Archibald
Local Government With Kyle Whitmire
Conservation: The Behavior Gap
Magic City Marketplace
The Price of Poverty
Price of Poverty: Time Banks
Price of Poverty: Involuntary Flextime
Price of Poverty: Buy-a-Meter
Birmingham-Southern's Struggles: a Student Perspective
Price of Poverty: Food Deserts
Remembering Cecil Whitmire
Occupational Tax Settlement
Child Care Subsidies at Risk
Robert Bentley
Vestavia Hills: Library in the Forest
Hotel Tax Dispute
Oil Spill and Hair Sausages
Anne Frank and Me
Jefferson County Commission Runoff
On the Line: Ask the Mayor
Midwives in Alabama
The Future of the Jefferson County Commission
New EPA Sulfur Dioxide Rules
Alabama Gubernatorial Primary 2010
Alabama and the Oil Spill: Seafood Safety
Alabama and the Oil Spill: One Family's Story
Bike to Work
The ASO plays Carnegie Hall
Alabama and the Oil Spill: Hurricane Season
News Features Archive

JP Morgan is paying more than 700 million dollars to settle charges by the Securities and Exchange Commission it made unlawful payments to friends of Jefferson County commissioners in order to win municipal bond business. Under the settlement announced Wednesday, JP Morgan agreed to forfeit almost 650 million dollars in bond-swap termination fees. The Wall Street bank will also pay a 25 million dollar penalty and 50 million to Jefferson County. The SEC also took action against two former JP Morgan officials involved in the alleged scheme. They did not settle and an SEC spokesman said the government will continue to pursue the case against them. WBHM's Bradley George spoke with Samford University finance professor Melissa Woodley. She says Jefferson County leaders are probably relieved by the settlement, but it's far from a panacea for the county's massive debt.

Listen to the interview

~ Bradley George, November 4, 2009

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