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Old 12-29-2010, 08:33 AM  
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Birmingham, AL
Join Date: Dec 2010
Posts: 6 | Kudos: +10
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?
They bought some exotic financial products from Goldman Sachs(?) at WAAAYYYY over price. Basically somebody either did NO research, or was getting a kickback. I*heard* rumors that one of the county comissioners was looking to change their last name and move out of state.

Basically a county with a population of ~665K doesn't need to finance 4+ BILLION in sewer debt when most of the county is on septic anyway.
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Old 01-12-2011, 02:20 PM  
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Birmingham, Alabama
Join Date: Jan 2011
Posts: 5 | Kudos: +10
The gross mismanagement of Jefferson County never seems to end. It's amazing that many of these politicians keep getting re-elected.
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