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Nate C
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Why does Jefferson County just file for bankruptcy and default on the debt. Then issue new bonds at a fixed lower rate.
Jun 05 19:03 pm
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All Comments by Nate C »The Sorry Story of Jefferson County's Sewer Bonds [View article]
And by the way, who the hell enters into interest rate swaps with JP Morgan as the counterparty? They would never enter into an agreement that could lose them money. They only do deals with chumps like Jefferson county.