Alabama county files biggest municipal bankruptcy

Reaction to bankruptcy vote ranges from support to shock.

Jefferson County, Alabama filed the largest municipal bankruptcy in U.S. history on Wednesday after the County Commissions found its billions

10 (Bloomberg) — The bankruptcy of Jefferson County, Alabama, may keep municipal yields that are already high relative to US Treasuries elevated as some investors flee tax- exempt debt, according to Michael Schroeder, president and chief investment

Reaction to bankruptcy vote ranges from support to shock.

10 (Bloomberg) — Jefferson County, Alabama, declared the largest municipal bankruptcy in US history, capping a more than three-year saga that turned it into one of the biggest casualties of Wall Street's credit crisis. The move yesterday by Alabama's