More Government Investment Pool Problems

Nov 14 07

More Government Investment Pool Problems. Bloomberg describes more problems with GIPs, saying government investment pools should be held to the same standards as money market funds in, "Florida Holds $2.2 Billion of Debt Cut to Junk Status". The article says, "The Florida State Board of Administration said none of its clients have lost money and it has negotiated to recoup its investments." Bloomberg follows up with "Public School Funds Hit by SIV Debts Hidden in Investment Pools".

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