The Home Equity Theft Reporter: Investments Tied To Subprime Junk May Leave Florida Pension Fund “Holding The Bag”

The Home Equity Theft Reporter: Investments Tied To Subprime Junk May Leave Florida Pension Fund "Holding The Bag" The bank may have difficulty returning investors money if they have a portfolio of loans that went bad. When buyers and lending packages are non-existent the bank is left holding the bag.

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The Home Equity Theft Reporter: Investments Tied To Subprime Junk May Leave Florida pension fund “holding The Bag” The bank may have difficulty returning investors money if they have a portfolio of loans that went bad. When buyers and lending packages are non-existent the bank is left holding the bag.

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CalPERS cut the pensions of the only four city retirees in the tiny town of. CalPERS functions as a money manager, investing the funds paid into the system by state and local. Loyalton, home to about 760 people, has a single full -time city. to determine how much it may cost to leave the pension system.

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