An irreverent look at Wall Street
What? A BANK RUN?
A run on the credit pool. Florida's civil servant put over a billion dollars into SIV's attempting to get a higher money market return. So the fund has $15billion, down from $25 billion has $10 billion was yanked!http://www.forbes.com/feeds/ap/2007/11/29/ap4388571.html
Some of the counties and schools that use this as a short-term vehicle now cannot make payroll. How could this happen in such a vibrant economy?
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