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Should Jefferson County Sewer Go Bankrupt? Should Jefferson County Sewer Go Bankrupt?
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Old 10-13-2010, 07:08 PM  
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Birmingham, Alabama
Join Date: Oct 2010
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Should Jefferson County Sewer Go Bankrupt?
My answer is yes. We couldn't damage our image any worse than it is now. If our credit rating is shot, save the billions of taxpayers' dollars.
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Old 10-13-2010, 09:47 PM  
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Birmingham, Alabama
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Yes, nothing worth saving.
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Old 10-14-2010, 06:43 AM  
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Chelsea, AL
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Right after a lot more people go to jail for that whole fiasco!
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Old 10-15-2010, 02:29 PM  
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Birmingham, AL
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sounds good to me. Isn't that what bankruptcies are for? I just don't want to help bail out this mess (or should I say bale?) as I'm on a septic system.
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Old 11-19-2010, 01:06 PM  
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Birmingham, Alabama
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The problem is that they should have filed for BK back during the worst of the downturn that way it would have been a little bit excusable and it wouldn't have been as noticeable. Now the opportunity is past.
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Old 12-03-2010, 10:10 PM  
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Pinson, Alabama
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At this point does it Surprise anyone?
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Old 12-21-2010, 10:15 AM  
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Birmingham, AL
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The current policy thinking (bailouts) seem to be to avoid restructuring so the senior bondholders lose nothing - not exposed to risk. This is crazy, because an investment must convey risk to both parties. The current system punishes the citizen to reward the banks/bondholders. This is not a sound social contract. BK and debt restructure must occur for BHM sewer; 4+ billion is simply unpayable with our population. I am a resident of that county, and i don't even GET sewer service.
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Old 12-22-2010, 10:04 PM  
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Leeds, AL
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YES , just turn the handle and give it a flush.
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Old 12-28-2010, 09:12 PM  
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Ohio
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I want to know how this happened I work for a sewer system here in Ohio. Where they not charging for services?
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Old 12-28-2010, 09:28 PM  
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Loxley, Alabama
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Quote:
Originally Posted by crazycollinz View Post
I want to know how this happened I work for a sewer system here in Ohio. Where they not charging for services?
Corruption, mismanaging of funds.
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