LAND O' LAKES - While the stock market has performed like Busch Gardens' SheiKra roller coaster, Pasco County's investment portfolio has offered all the thrills of a kiddie ride. ...more

November 30, 2008

While the stock market has performed like Busch Gardens' SheiKra roller coaster, Pasco County's investment portfolio has offered all the thrills of a kiddie ride. ...more

November 9, 2008

Putnam Investments on Thursday suddenly closed a $12 billion money-market fund and announced plans to return investors' money after institutional clients pulled out cash despite the fund's lack of exposure to troubled financial firms such as Lehman Brothers Holdings. ...more

September 19, 2008

A soured investment in Lehman Brothers Holdings Inc. debt slashed two-thirds of the asset value of the nation's oldest money-market fund, exposing clients to losses despite their investments in a financial product normally seen as a safe haven even in volatile markets. ...more

September 18, 2008

Never mind. Or, in the words of Merrill Lynch & Co. Chief Executive Officer John Thain, "Our clients have been caught in an unprecedented liquidity crisis. We are solving it by giving them the option of selling their positions back to us." ...more

August 13, 2008

It was the first day of November and Coleman Stipanovich's world was coming undone. Florida school districts and towns had begun pulling their cash out of the $26 billion money market fund he supervised after they learned it held subprime-tainted debt. ...more

December 20, 2007

Gov. Charlie Crist and two other top state officials suspended withdrawals from a state-operated investment pool Thursday, abruptly halting a run by local governments spooked over the downgrade of its mortgage-related holdings. ...more

November 30, 2007

It's tough to figure out where the economy is headed, and some folks think today's biggest risk is inflation, not recession. Still, in trimming the federal funds rate recently, the Federal Reserve noted 'the tightening of credit conditions' could 'restrain economic growth.' ...more

September 30, 2007