Friday, November 11, 2011

Smaller than Italy….but a sign of the times

Alabama county has filed largest U.S. municipal bankruptcy

"For months, they labored to cut a deal with their creditors. But $4 billion is a deep hole to negotiate out of...and so, with a settlement seemingly out of reach, Jefferson County, Ala., relented this week, and now is tagged with a long-dreaded superlative: On Tuesday, it filed the largest municipal bankruptcy in U.S. history".

Posted by alan @ 10:14 PM (876 views)
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