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| User Info | Florida Gov't Won't Accept Loss!!!; entered at 2007-12-02 11:13:14 | |||
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Swingtrader Posts: 8072 Registered: 2007-08-12 United Oligarchic Goldman Sachs States of America 
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A county in Washington state emerged as the most recent casualty from the financial-market turmoil caused by complex securities known as SIVs when Standard & Poor's Corp. said yesterday it may downgrade debt of King County because of investments in debt issued by SIVs. In addition, late last week Wachovia Corp. revealed that it had booked a $40 million loss on asset-backed securities that it purchased from the portfolio of money-market funds run by its Evergreen Investments money-management unit in August. The rating action by S&P stemmed from investments made by the $4.1 billion . 2007-12-02 11:13:14
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