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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: NOW who wrote (83802)	8/25/2008 7:33:39 PM
From: mishedlo	of 116555

Jefferson County Alabama Considering Bankruptcy globaleconomicanalysis.blogspot.com I have talked about Jefferson County many times before. Details on the problems facing Jefferson County can be found in "Jefferson County Death Spiral Swaps" and "Fraud, Antitrust Investigation Involving JPMorgan, Jefferson County". A brief synopsis is that Jefferson County officials entered into an illadvised interest rate swap arrangement when they financed a $3.2 billion sewer cleanup. To say the arrangement blew up is a massive understatement. Let's pickup the story now with Bankruptcy option for Jefferson County now considered, Collins says. ... Mish

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