Actually that settlement fell through. Per Bloomberg, "The county’s efforts to negotiate a definitive settlement were frustrated by the recent sale of sewer deb

Actually that settlement fell through. Per Bloomberg, "The county’s efforts to negotiate a definitive settlement were frustrated by the recent sale of sewer debt to investors who didn’t want to restructure the bonds under the terms of the September agreement, according to the bankruptcy filing." http://www.bloomberg.com/news/2011-11-09/alabama-s-jefferson-county-votes-for-biggest-municipal-bankruptcy-in-u-s-.html http://www.bloomberg.com/news/2011-11-09/alabama-s-jefferson...