http://www.bloomberg.com/apps/news?pid=20601015&sid=a6QpSf.s4NaA
The gaul of the Greed! The bank doesn't care at all about the impact it's decisions will have, they just want theirs
In August, Bank of New York Mellon Corp., as trustee for owners of about $3 billion in sewer warrants, filed suit in Jefferson County Circuit Court seeking an appointed receiver for the sewer system. The receiver should have authority to raise rates enough to meet the debt service, the bank said in the complaint, which is pending. A federal judge turned down a similar request in June, saying he lacked jurisdiction.
The sewer system is already charging customers about 300 percent more to drain bathtubs or flush toilets than a dozen years ago.
Above National Average
By one county estimate, average annual bills are now about $750, compared with the national average of $331, according to a 2007 survey by the Washington, D.C.-based National Association of Clean Water Agencies, a coalition of utilities.
It’s impossible to boost them enough without putting them beyond the means of many residents, County Commissioner Jim Carns says. “We’re like a guy making $50,000 a year with a $1 million mortgage
