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Old 12-01-2007, 11:37 AM
ConstantineX ConstantineX is offline
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Join Date: May 2006
Location: Like PETA, ride for my animals
Posts: 658
Default Re: Florida Schools Struggle to Pay Teachers Amid Freeze

I had read this, I had no idea it involved the immediate payrolls of schools though. It's pretty opaque though as to what exactly the fund was invested in; perhaps I'm naive but I would have that the sort of banks/credits overseeing the funds would "guarantee" these SIVs and bail them out by assuming any losses on their balance sheets for reputation.
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