Looks like Connecticut’s state run short term investment firm, which municipalities use to park funds that need to spent over the year (e.g. teacher/civil salaries, etc.) has also invested in some of the crappy mortgage-backed securities. See what happened in Florida for what might be coming to CT. Hopefully our exposure isn’t as bad, but I don’t have time to look this up now. I wonder how much money West Hartford keeps in that fund and whether any restrictions on withdrawals will affect the towns (cherished and protected) bond rating.

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