Saturday, December 1, 2007
US debt has far reaching implications..
The crisis in the US has far reaching implications and is set to get worse before it gets better. A florida schools fund had to be frozen yesterday following a run on the fund when it became clear that "The Florida fund had invested $2 billion in structured investment vehicles, or SIVs, " ! "The Jefferson County school district was forced to take out a short-term loan to cover payroll for the 220 teachers and other employees in the system after $2.7 million it held in the pool was frozen yesterday"