U.S. Treasury rejects Jefferson County’s bailout proposal – al.com
Still, there may be a little hope, though it’s not contained in this story. Obama has talked about the Federal government giving aid to financially strapped municipalities, so if the county can hold on for a few months they might yet get a bailout.
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As I wrote the above mentioned post, I didn’t realize that you may have been making a play on Gerald Ford’s reaction to New York City’s near bankruptcy: Ford to city: Drop dead.
As listed here:
http://money.cnn.com/2008/10/13/news/economy/Birmingham_brink_Whitford.fortune/index.htm