Memphis is a city in a mess.
Indicted Memphis City Councilman Edmund Ford is still denying taking bribes. Instead, he explains that he is the fortunate recipient of very generous loans from developer friends.
Although Ford has declared bankruptcy several times, he has wealthy real estate developer "friends" who want to loan him money.
And to hear him tell it, the $40,000 loan from a developer friend to help him build his mortuary and the $50,000 loan from a developer friend to help purchase a Cadillac SUV have never influenced his vote on planning or zoning issues that come before the Council where these "friends" are involved.
The full story is here.
Developers make loans to an elected official who has no credit, who has to get someone else to co-sign a car loan, and who has declared bankruptcy numerous times. Why?
A recent letter to the editor in the Commercial Appeal from a city employee included this statement about the loans:
...I drive a 10-year-old Honda Accord that does the job just fine. I don't see Cooper or Rusty Hyneman lining up to co-sign and pay for my new Caddy, and I am a city employee whose job is just as important to our future as (Edmund) Ford's. It's just not profitable for Hyneman or Cooper, like unnecessary development and cars for drug dealers apparently are...
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