Michael Gracie » public pensions http://michaelgracie.com Clever Tagline Unavailable At Publication Time Thu, 04 Dec 2008 01:50:16 +0000 http://wordpress.org/?v=2.6 en The “other real estate disaster” or another public funds disaster? http://michaelgracie.com/2008/07/07/the-other-real-estate-disaster-or-another-public-funds-disaster/ http://michaelgracie.com/2008/07/07/the-other-real-estate-disaster-or-another-public-funds-disaster/#comments Mon, 07 Jul 2008 16:18:31 +0000 Michael Gracie http://michaelgracie.com/2008/07/07/the-other-real-estate-disaster-or-another-public-funds-disaster/

A good portion of public pension money is tied up in distressed commercial real estate. Bad real estate deals get plenty of press nowadays - this reminded me more of the public money Florida had tied up late last year.

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