Tuesday, January 22, 2008

Isn’t Homer Simpson from Springfield?

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 (554 views)
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One thought on “Isn’t Homer Simpson from Springfield?

  • There is a Springfield in most states. That may be why they picked that town name for the show.

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