This article describes how Springfield Massachusetts got itself into trouble by investing in SIV that were sold by Merrill Lynch that they never should have gotten into. With all of the SIV products exploding and incompetent officials investing the public's money according to bad advice given by the likes of Merrill and Citibank, this article gives a hint as to the next serious leg down here, and the litigation that may go on for years.

 

Submitted: Jan 20, 2008    Views: 141    Comments: 0    Likes: 1   


View Article: http://online.wsj.com/article/SB120070601528902015.html?mod=hps_us_...



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