David Byrne: #ALpolitics @GovernorBentley’s Consigliere – Part 3, Executive Betrayal

Executive Betrayal – Robert Bentley’s Fleecing of Taxpayers and Donors – Part 3

David Byrne – Governor Bentley’s Consigliere

By Donald V. Watkins
©Copyrighted and Published (via Facebook) on September 25, 2015
Used with permission

Bobby Lowder was the founder, President, CEO & Chairman of the Board of the failed Colonial Bank. He was widely known as a manipulator and micromanager of Auburn University, where he was a member of the Board of Trustees, and donor. During his tenure there, the university suffered many scandals, including use of Lowder’s private jet for recruiting an Athletic Director & Head Football Coach that violated NCAA rules. His undue influence upon the university extended even to the university president, who was fired after a No Confidence Vote by the Board of Trustees. Governor Bentley named Lowder to reappointment to the Board after Lowder donated $25,000 to Bentley’s gubernatorial election campaign. A civil lawsuit in the Lee County Circuit Court complained that Bentley’s actions violated Alabama’s Open Meetings Act, and under such pressure, Lowder withdrew his name from consideration, and shortly thereafter, the Alabama State Senate voted him off the board.

On August 14, 2009, federal and state regulators took control of Colonial BancGroup, a regional banking powerhouse based in Montgomery. The seizure of Colonial Bank’s 346 branches and $26 billion in assets made it the sixth-biggest bank failure in U.S. history, the worst of 2009, and the third largest during the credit crisis that plunged the financial markets into turmoil in 2008. Colonial’s collapse cost the Federal Deposit Insurance Corporation $2.8 billion. Colonial’s shareholders lost billions of dollars in stock value. Thousands of bank employees lost their jobs.

David B. Byrne, Jr. was admitted to the bar in 1966. He received his B.S. from The University of Alabama and his J.D. from the University of Alabama School of Law. He was
Assistant U.S. Attorney, 1971-1974, Special Assistant Attorney General, State of Alabama, 1998 – Present; United States Army, 1966 – 70, Captain, JAGC
USAFR, 1971 – Present
Military Judge, Colonel USAF Trial Judiciary, 1993 – Present

Although the public focused on the failed leadership of Bobby Lowder, Colonial’s founder and CEO, it was David B. Byrne, Jr., who was

Advertisements

NCAA Football Corruption Not Exclusively Limited to Penn State

A Memoir: Wayne Flynt - Keeping the Faith; Ordinary People, Extraordinary Lives

Ever the unwavering voice of sanity, consummate historian and Auburn history professor emeritus Dr. Wayne Flynt addressed Rotarians in Huntsville, Alabama, Tuesday, 15 November 2011.

Having won over 20 awards as a university history professor of 40 years, and being a Sunday Schoolteacher will do things for a man, including give him a voice to which many attune.

His commentary included recitation from his most recently published work, entitled “Keeping the Faith,” in which he shared observations from two familiar and intimate perspectives – as an Auburn University history professor, and Sunday School teacher.

He described conversation with Terry Bowden, former Auburn University Head Coach – whom also