Tag Archive ‘worthless’

 

sacredhands on Nov 8th, 2007Did Your Pension Fund Buy Sub-Prime Investment Vehicles?

Newsflash: “Analysts said the alarming write-downs at a handful of Wall Street firms could pale in comparison to the possible damage from shaky paper striking at the heart of assets held by insurance giants, mutual funds and big pension funds.”
If you thought only guys like casino owner Steve Wynn were allowed to gamble away fortunes [...]