Jefferson Co. would be the largest Chapter 9 bankruptcy filing ever, and to the delight of SD readers, none other than JP Morgan is the county's largest creditor- thanks to a massively bribed bad sewer refinancing deal the county struck with the megabank.
For those who need a refreshed on exactly how JP Morgan hustled Jefferson County into the largest Muni bankruptcy filing in US history over a sewer project construction debt can find Matt Taibbi's expose here:
@Birmingham_News Birmingham_News
Jefferson County Commission makes motion to file bankruptcy.
