re: #386 000G

Er… twofold: Yes, some money did exist and went to the banks for essentially nothing. But that money was generated through the county issuing bonds, i.e. going into debt. To finance going further into debt. To pay off more and more debt. Until the bills couldn’t get paid anymore. Now Jefferson County is in credit freeze.

Right. Some money did exist and went to banks— it didn’t go into a black hole.