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Investment Blues

December 3rd, 2007 by Mike Vasilinda

More than 800 local governments in Florida are sitting on pins and needles today, wondering if the State Board of Administration ( The Gov, CFO, and AG ) will release their funds from the Local Government Investment Pool, The fund was frozen last Thursday after a classic run on the bank that left the pool unable to pay off all of its investors if they all cashed out. A recommendation is coming late this afternoon from consultants hired to solve the problem. In the mean time, here’s a list from the State Board of who is still in the fund. participantcurrentbalances_11292007.xls

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