Tuesday, Jan 22, 2008
Isn't Homer Simpson from Springfield?
Wall Street Journal: Springfield, Mass., Takes Aim at Merrill Over Subprime Losses
In November, officials in Springfield, Mass., got a rude surprise. One of their main investments had plunged in value by more than 90%.
The even bigger shock: This fund was stuffed with risky securities backed by subprime mortgages.
Doh!
Posted by lvmreader @ 02:16 AM (221 views) Add Comment
1 Comment
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1. Amyc said...
There is a Springfield in most states. That may be why they picked that town name for the show.