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Corporate & Securities Law

: Representing Investors

Stung By Toxic Holdings, Florida Investment Pool Languishes

By Keith Griffin

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Strangled by the tentacles of toxic subprime mortgages and structured investment vehicles (SIVs), the Florida Local Government Investment Pool (LGIP) is finding itself unable to pull in deposits from once-burned, twice-shy municipalities.  Florida?s LGIP is used much like a money-market fund by nearly 1,000 school districts, counties and cities in the state Florida. At one time, [...]

Full post as published by Representing Investors on February 25, 2009 (boomark / email).

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