Bloomberg TV interviews Peter Crane in "​In-​Depth Look: Florida'​s Investment Pool Trouble". Yesterday, Crane said of the Florida LGIP, "Although this is not a money market mutual fund, it'​s just like one. Money market mutual funds are in effect bank account substitutes.... It'​s a game of confidence. The first thing you want is investors to rest assured that their money is saf. So if Florida steps and, says they'​re going to back everything, most of the problem goes away." See also Crane'​s comments in MarketWatch'​s "​Florida allows some withdrawals from troubled pool".

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