As usual, I don’t understand what’s going on here

Birmingham Mayor Larry Langford received interest in property without investing money, later used land for collateral- al.com

Apparently, BMLL has an “interest” in property at the I-459/Alabama 150 interchange in Hoover — pretty good property to have. He somehow got this interest without investing any money, and then used this as collateral for a loan from a lobbyist. I don’t know that this is illegal, but again, I don’t understand the whole situation at all. It sounds shady, and of course we’ve already had a criminalization of ordinary politics in the Siegelman situation, so who knows anymore?

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