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South Alabama News

Mobile and Baldwin County News

Tag: variable rate debt

Baldwin County Financial documents and a calculator on a desk

Jefferson County’s Debt Crisis Threatened to Poison the Well for Every Alabama Borrower

admin, April 4, 2008

As Alabama’s largest county lurched toward what would be the biggest public bankruptcy in U.S. history, financial professionals warned that bond insurers had begun blacklisting the entire state, Mobile included.

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