Florida State Investment Trust Fund in Trouble
- Fund Crisis In Florida Worrisome to States
- Florida Towns and Schools Pull Back Troubled Investment Fund
The freeze was lifted days ago but Florida schools and towns continued to pull out funds even with penalties. The withdrawals suggested state officials have yet to restore confidence in an investment fund that was the largest of its kind in the United States at $27 billion before schools and cities pulled almost half their deposits last month.
p.s. Click here for the news report by the Economists.