"​Florida Investment Pool Fails to Attract Investors After Freeze" Says Bloomberg. The article states, "More than a year after Florida municipalities started pulling cash from a $​27 billion state-​run money-​market fund because it held defaulted securities, towns and agencies still want little to do with the investment pool.... Other state funds also got stuck with high-​yield, high-​risk debt as the subprime-​mortgage market collapsed in 2007. Connecticut'​s fund held $​100 million of defaulted asset-​backed notes and Montana'​s had $​90 million, according to Fitch Ratings. High-​yield, high-​risk, or junk, bonds are rated below BBB- by Standard & Poor'​s and less than Baa3 at Moody'​s Investors Service."

Your Name:
Your Email:
Recipient Email(s):

Use a comma or a semicolon to separate

Please retype symbols from the image:

Optional Message

Daily Link Archive