Jefferson County, Ala. starts to get out of the sewer
This final note today, a footnote to the Meredith Whitney interview from earlier in the program, in which we draw the curtain on the the country’s longest running municipal bankruptcy.
Jefferson County, Ala., which got into a whole mess of trouble over sewer bonds gone bad, has made a deal with those to whom it owes the most.
Of note: JP Morgan Chase. Jamie Dimon and company will be getting back $0.31 cents per dollar for the $1.25 billion it’s owed.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
