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Countrywide Bonds a Better Bet Than Bank of America Stock: Analyst
NEW YORK (TheStreet) -- Bank of America would be responsible for bonds issued by Countrywide Financial even if the giant bank chose to put the mortgage subsidiary into bankruptcy, giving the debt better upside than
Updated: 09/16/2011 02:00P
Jefferson County, Alabama's Path From Scandal to Debt Settlement: Timeline
By William Selway - Fri Sep 16 17:41:31 GMT 2011 Jefferson County, Alabama's elected leaders voting to settle with creditors averted what would have been the biggest municipal bankruptcy in US history. The deal approved by a 4-1 vote in Birmingham
Updated: 09/16/2011 01:58P
Jefferson County Avoids Bankruptcy, OKs Debt Restructuring
The Jefferson County, Ala., Commission Friday avoided filing the largest municipal bankruptcy in US history by agreeing to a restructuring deal with creditors holding about $3.14 billion of defaulted variable- and auction-rate sewer warrants.
Updated: 09/16/2011 01:56P
Jefferson County OKs deal to avoid bankruptcy
State lawmakers now must get involved, and county commissioners said bankruptcy was still possible. The main effect of the deal for county residents would be higher monthly bills for sewer service. The settlement proposal includes Wall Street agreeing
Updated: 09/16/2011 01:56P
WNEM TV 5 Ala. county votes to settle debt, avoid bankruptcy
(AP) - Leaders of Alabama's largest county Friday approved a framework for a settlement with Wall Street over $3.1 billion in debt from a sewer system overhaul gone bad, avoiding the possibility of immediately filing the largest municipal bankruptcy in
Updated: 09/16/2011 01:55P
Jefferson County Alabama bankruptcy
An aging sewer system, public corruption and a weak economy pushed the county into trouble and what still may be the biggest such bankruptcy in US history. Now there's a plan to restructure its $3.1 billion debt and raise sewer rates to pay it off.
Updated: 09/16/2011 01:54P
W. House worried about Solyndra 'optics' in Jan.
Sept 16 (Reuters) - White House staffers were worried in January about the political fallout of the bankruptcy of solar panel maker Solyndra, weeks before the US Department of Energy agreed to restructure its $535 million federal loan guarantee,
Updated: 09/16/2011 01:54P
The Jefferson County Bankruptcy Saga Is Finally Over
Jefferson County Commissioners approved a settlement with creditors over its $3.1 billion sewer debt today, ending a three years of back-and-forth over whether the county would file for what would have been the largest municipal bankruptcy in US
Updated: 09/16/2011 01:53P
EU ministers sign off on tougher budget rules
AP , 09.16.11, 01:32 PM EDT WROCLAW, Poland -- Poland's finance minister said Friday that after a yearlong dispute his European Union counterparts have signed off on tougher budget rules that punish overspending governments. Jacek Rostowski said that
Updated: 09/16/2011 01:40P
Largest Ala. county approves framework for debt settlement rather than file
University of Central Oklahoma's Academy of Contemporary Music now... OU and Devon have developed a rock lab to help identify potential... Sep 7 Kari Watkins, executive director of the Oklahoma City National Memorial & Museum talks about how Oklahomans
Updated: 09/16/2011 01:35P
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