Quote:
Originally Posted by crazycollinz
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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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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