Alabama County May File For Bankruptcy

By
Choire Sicha
, March 25, 2009 10:24 AM | | Comments (0) | Retweet

When local governments act like corporations, what happens? Jefferson County, Alabama, for one, home to Birmingham, is billions of dollars in debt.

Two commissioners in Jefferson County are pressing the county to file for bankruptcy court protection, as the county grapples with about $4 billion in debt related to a controversial series of bond transactions earlier in the decade.
Controversial, you say? I'm sure.

Categories:

Share |

0 TrackBacks

Listed below are links to blogs that reference this entry: Alabama County May File For Bankruptcy.

TrackBack URL for this entry: http://www.netwert.com/mt/mt-tb.cgi/685

Leave a comment

Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

About this Entry

This page contains a single entry by Choire Sicha published on March 25, 2009 10:24 AM.

Dial-a-Mattress Cedes Bargain Bed Market To Sleepy's was the previous entry in this blog.

BI-LO bankrupt is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Blogroll