By Melinda Dickinson BIRMINGHAM, Alabama (Reuters) - JPMorgan Chase & Co, several hedge funds and bond insurers holding 78 percent of sewer debt from Alabama's bankrupt Jefferson County have signed off on a deal aimed at ending the largest U.S. municipal bankruptcy, a lawyer for the county said on Tuesday. JPMorgan, one of the biggest holders of the county's $3.14 billion of sewer debt, agreed to give up about $842 million of the $1.218 billion of sewer debt it holds, according to a county document. A spokesperson for JPMorgan declined to comment. ...
Source: http://news.yahoo.com/obamas-trade-nominee-romney-style-love-cayman-bank-220540360.html
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