There is no word yet on whether David Wallace of the Wallace Bajjali development firm will break out into song during Monday night's Joplin City Council, but this farewell video he recorded when he decided not to run for re-election as mayor of Sugar Land, Texas, in 2008, indicates that he would be quite capable of doing so.
The city's Citizen Advisory Recovery Team (CART) has recommended that the City Council hire Wallace's firm as a master developer for the tornado recovery.
As noted earlier in The Turner Report, Wallace, who is the firm's CEO and his partner, Costa Bajjali, completed paying $60,000 fines to the Securities and Exchange Commission Friday for fraud (though both Wallace and Bajjali have neither admitted nor denied wrongdoing and Joplin city officials have indicated they have looked into the matter and are satisfied with Wallace's version of events). Wallace and Bajjali also have until the end of this year to repay $1.2 million to investors.
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