Georgia Office of Treasury and Fiscal Services Issues Letter

Nov 30 07

Following the run on Florida'​s LGIP (​see yesterday'​s News and today'​s WSJ rehash of a previous MarketWatch story, "Florida Halts State-​Fund Withdrawals"), the Georgia Office of Treasury and Fiscal Services has issued a letter on its Georgia Fund I Local Government Investment Pool, saying "​The purpose of this letter is to assure you that Georgia Fund 1 is not invested in, nor has ever been invested in, the types of subprime-​backed investments that are generating such losses." For more on the Florida'​s Local Government Investment Pool, see New York Times' "​Florida Freezes Its Fund as Governments Pull Out".

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