Florida Fund

Discussion in 'Trading' started by gbakker, Nov 30, 2007.

  1. gbakker


    SAN FRANCISCO (MarketWatch) -- Florida halted withdrawals from a $15 billion local-government fund Thursday after concerns over losses related to subprime mortgages prompted investors to pull roughly $10 billion out of the fund in recent weeks.

    50 states times 15 bln.. is just 750 bln writedowns ;-)

    That a couple more billions than LTCM costed ;-)