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Reuters: Alabama group files suit over Jefferson County debt

Started by chris, September 07, 2008, 07:00:38 PM

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chris

Alabama group files suit over Jefferson County debt
      


BIRMINGHAM, Alabama (Reuters) - An Alabama activist group has filed a lawsuit seeking to cancel $6.6 billion in debt and related swaps issued by Jefferson County, claiming the county faces financial disaster because of misdeeds by Wall Street firms, corrupt local politicians and others.
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