Jefferson County Commissioner Says 80% Chance Of Chapter 9 Bankruptcy Filing

Tyler Durden's picture

With ES trading at 45% below average volume for this time of the day (read: massive explosion on vapor volume as is de rigeur), we doubt anyone is actually trading or will notice this, but for any carbon based forms out there, the latest news on Jefferson county may be just a little notable: There is an 80% chance that Jefferson County, Alabama, officials will vote to file for Chapter 9 bankruptcy today, Commissioner Sandra Little Brown said before the panel was set to meet to consider the option. Is this just posturing to force the creditors to agree to the debtor's terms, or an actual reflection of the truth, we shall fund out this afternoon, when the meeting ends and the standstill expires.