Saturday, July 12, 2008

St. Paul: City and Port Authority Sue Brokers on Investment loss

Tip of the iceberg. This story is one of many of cities and schools that have invested large sums of money for short term higher interest return, only to find out that the investment was a high risk, and possibly illiquid investment that is inappropriate to investment grade type of vehicles that are appropriate for governmental entities.

Click on the post for the full story from the Pioneer Press.

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