Bankrupt City Prepares New Debt Sale
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  • Bruce

    Eventually, the laws of mathematics and debt will impose themselves at all levels of society. The implosion will not be pleasant.

    • WeirdLore

      I don’t know much about Jefferson County, but if it is like Detroit – it will tend to continue policies that have hightly policies.

  • free_agent

    I can see some of these cities going through a series of bankruptcies. It wouldn’t be the first time that a mess of debt was gradually transferred to over-optimistic investors.

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