So that’s all taken care of, I guess

Jefferson County, Alabama narrowly avoids bond default- al.com

With the Commission’s Supreme Leader Bettye Fine Collins mysteriously absent, the two white guys voted to give the banks $4 million as an interest-only payment on the debt. Shelia Smoot (Smoot!) voted no, and the temp abstained. The county apparently has forbearance agreements with the banks, just like me and my student loans. I can tell you, that really worked out great. You really don’t want to pay down the principal if you can avoid it. Right?

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2 responses to “So that’s all taken care of, I guess

  1. i own tons of these bonds i purchased from my broker as municipal auction rate securities.
    are there any class action law suits i could join

  2. I’m sure there will be.

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