Bloomberg TV interviews Peter Crane

Dec 05 07

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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