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Local governments withdrew $1.2 billion in less than four hours on Thursday when a state-run investment pool reopened for the first time in a week. ...more
December 7, 2007
The headlines have been downright scary: "Investor Fund Panic." "State Pool Frozen." "Fear Rocks State Fund." ...more
December 6, 2007
The same depressed real estate market that has rocked the private sector now threatens local governments, which sought assurances from state leaders on Tuesday that they will not lose the money they have invested in a fund containing mortgage-backed assets. ...more
December 5, 2007
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