Category: Sewer

Twenty years into the muck hole: Part 2, Bad luck, it’s got to land on somebody

22 January, 2014 (09:00) | Alabama, Bonds, Cities, Infrastructure, Jefferson County, Municipal bankruptcy, municipal bonds, Orange County California, Proposition 13, Sewer, Uncategorized, US News |

  [Continued from yesterday's Part 1.]   By:David A. Smith   Categories: Alabama, bonds, cities, infrastructure, Jefferson County, municipal bankruptcy, municipal bonds, Orange County California, Proposition 13, sewer, US news   As we saw yesterday, Jefferson County’s bankruptcy was 18 years in the making, and 2 years in the doing, and the road to ruin […]

Twenty years into the muck hole: Part 1, I want to talk some sense to him

21 January, 2014 (09:00) | Alabama, Bonds, Cities, Infrastructure, Jefferson County, Municipal bankruptcy, municipal bonds, Orange County California, Proposition 13, Sewer, Uncategorized, US News |

By:David A. Smith   While writing my magnum opus of Jefferson County’s pilgrim’s progress   through bankruptcy to reorganization and exit, I of course became totally absorbed in reading old newspaper articles, and came upon one, from Bloomberg (November 10, 2011) the day right after the filing, that is an unexpected gem for both its jumbled history of […]

Negotiating with the zombie

25 April, 2012 (13:08) | Bankruptcy, Birmingham, Infrastructure, Jefferson County, Municipal Finance, Sewer, Sovereign bankruptcy, Uncategorized, US News, Water & sanitation |

By: David A. Smith   Time to negotiate with the zombie?   Bankrupt county speaks with decaying tongue?   Instead of blasting its head off?   Do you feel … undead?   Except, quite possibly, you can’t – and if you can’t, then perhaps you’d better negotiate, as Jefferson County’s creditors are finding out in […]