Alabama county faces biggest US municipal bankruptcy »
Posted By mozzer 10 months, 3 weeks ago in Business & FinanceBIRMINGHAM, Ala. (AP) Alabama's largest county appears headed for the biggest municipal bankruptcy in U.S. history, a $3.2 billion mess created by the nation's credit crunch and a colossal, corruption-riddled sewer project.
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mozzer
South TX native renowned for typos and grammatical errors the world over. I'm also married (sorry, ladies!) with kids (sorry, orphans!).
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sonofjohn10 months, 3 weeks ago
You get what you vote for. Apparently the Alabama county voters keep electing crooks and people who are not too smart. Granted they were burdened by the sewage project, but the officials took what on the surfaced looked like a sweet loan deal and didn't think about the consequences of balloon payments instead of a fixed rate. Short term thinkers for long term projects plus the corruption doomed them.
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MidnightPrism10 months, 3 weeks ago
Home Sweet Home.
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Jefferson County and the City of Birmingham have a history of inept leadership. It's why the population of the city has been dropping for decades.
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