Ghazi: "I don't have an answer for that"

Let’s put it this way, in a test of wits between state Sen. Dan Clodfelter and Afshin Ghazi, I know who my money is on.

At issue is the $550,000 the city of Charlotte advanced Ghazi for “infrastructure” around the EpiCenter. Ghazi is at a loss to explain why he transferred the money to another company he controlled, out of the reach of the lender he had stopped paying. But I’ve always been baffled by the city of Charlotte’s willingness to to stick to the original funding agreement for the EpiCenter, considering the project changed significantly, losing the condo component — a change that helped drive Mecklenburg County tax officials to save 26 percent off of the tax value of the building.

However, we digress. Regions Bank is clearly on the warpath — and unlike Wells and BAC — has not particularly interesting in subsidizing bad loans in Uptown Charlotte.

Pop some popcorn, this is only going to get better.