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Crist Calls for Emergency SBA Meeting

December 10th, 2007 by flanews

Governor Charlie Crist has called for an emergency meeting of the State Board of Administration on Tuesday afternoon.   He wants an update on the Local Government Investment Pool. 

Hundreds of local governments pulled out billions of dollars in November because of fears that the fund had exposure to mortgage-backed securities that had been downgraded.

Meanwhile, Chief Financial Officer Alex Sink is asking the SBA audit committee to investigate the investments that likely caused the run on the fund.

 Read it here: CFO’s letter on state investment fund

Posted in State News | 2 Comments »

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