Actually, it started off horrible, then things started looking up. Now disclosure questions are making things look bad again.
Posted in Notes |
Tags: Florida, investment pool, SIV |
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This story has already been told. While “Muniland” may certainly be in for more hits, that doesn’t necessarily affect the average investor – one might try moving up the sophistication chain a notch. The next stop seems to be regional bank money market funds. UPDATE: Pay attention to the natural progression – specific to the [...]
Posted in Office |
Tags: Jeb Bush, Lehman Brothers, municipalities, regional banks, SIV |
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Much more of this to come, whether teachers get paid or not.
Posted in Notes |
Tags: Citigroup, Moodys, SIV |
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The second “run on a bank”: Montana school districts, cities and counties withdrew $247 million from the state’s $2.4 billion investment fund over the past three days after officials said the rating on one of the pool’s holdings was lowered to default. There’s been some criticism floating around about the actions of some of the [...]
Posted in Notes |
Tags: first rule of panic, montana, SIV |
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