September 17, 2011
“Officials in Jefferson County, Ala., voted Friday to accept a deal with holders of $3.14 billion of county debt, avoiding at least for now what would have been the largest municipal bankruptcy in U.S. history. The County Commission’s vote caps three years of on-and-off negotiations with J.P. Morgan Chase & Co. and other banks to restructure the county’s sewer debt.”
Read the full article at the The Wall Street Journal
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